Kao（KAO）株式概要花王株式会社は、衛生・生活ケア、ヘルスケア・ビューティケア、ライフケア、化粧品、ケミカル製品の開発・販売を行っています。 詳細KAO ファンダメンタル分析スノーフレーク・スコア評価4/6将来の成長1/6過去の実績4/6財務の健全性6/6配当金5/6報酬当社が推定した公正価値より23.9%で取引されている 収益は年間6.52%増加すると予測されています 過去1年間で収益は12.3%増加しました 2.6%の安定した配当金を支払う アナリストらは、株価が22.2%上昇するだろうとほぼ一致している。 リスク分析リスクチェックの結果、KAO 、リスクは検出されなかった。すべてのリスクチェックを見るKAO Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€31.780.2% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture02t2016201920222025202620282031Revenue JP¥2.0tEarnings JP¥149.9bAdvancedSet Fair ValueView all narrativesKao Corporation 競合他社BeiersdorfSymbol: XTRA:BEIMarket cap: €15.9bHenkel KGaASymbol: XTRA:HEN3Market cap: €25.6bGodrej Consumer ProductsSymbol: NSEI:GODREJCPMarket cap: ₹1.1tPuig BrandsSymbol: BME:PUIGMarket cap: €8.6b価格と性能株価の高値、安値、推移の概要Kao過去の株価現在の株価JP¥31.7852週高値JP¥41.3552週安値JP¥30.66ベータ0.161ヶ月の変化2.15%3ヶ月変化-9.61%1年変化-17.33%3年間の変化-5.56%5年間の変化-38.03%IPOからの変化45.78%最新ニュースDeclared Dividend • May 21Dividend of JP¥78.00 announcedShareholders will receive a dividend of JP¥78.00. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 248%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 14Kao Corporation to Report First Half, 2026 Results on Aug 05, 2026Kao Corporation announced that they will report first half, 2026 results on Aug 05, 2026お知らせ • Feb 06Kao Corporation to Report Q1, 2026 Results on May 12, 2026Kao Corporation announced that they will report Q1, 2026 results on May 12, 2026お知らせ • Feb 05Kao Corporation, Annual General Meeting, Mar 26, 2026Kao Corporation, Annual General Meeting, Mar 26, 2026.お知らせ • Dec 01+ 1 more updateKao Corporation Announces Board RetirementsKao Corporation announced retirement of Osamu Shinobe as outside Director of the company, Executive Advisor, Ana Holdings Inc. Nobuhiro Oka retired as outside Audit & Supervisory Board Member of the company; Attorney-at Law; Outside Director, Yamatane Corporation; Professor, Keio University Law School.お知らせ • Nov 28Kao Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026Kao Corporation announced that they will report fiscal year 2025 results on Feb 05, 2026最新情報をもっと見るRecent updatesDeclared Dividend • May 21Dividend of JP¥78.00 announcedShareholders will receive a dividend of JP¥78.00. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 248%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • May 14Kao Corporation to Report First Half, 2026 Results on Aug 05, 2026Kao Corporation announced that they will report first half, 2026 results on Aug 05, 2026お知らせ • Feb 06Kao Corporation to Report Q1, 2026 Results on May 12, 2026Kao Corporation announced that they will report Q1, 2026 results on May 12, 2026お知らせ • Feb 05Kao Corporation, Annual General Meeting, Mar 26, 2026Kao Corporation, Annual General Meeting, Mar 26, 2026.お知らせ • Dec 01+ 1 more updateKao Corporation Announces Board RetirementsKao Corporation announced retirement of Osamu Shinobe as outside Director of the company, Executive Advisor, Ana Holdings Inc. Nobuhiro Oka retired as outside Audit & Supervisory Board Member of the company; Attorney-at Law; Outside Director, Yamatane Corporation; Professor, Keio University Law School.お知らせ • Nov 28Kao Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026Kao Corporation announced that they will report fiscal year 2025 results on Feb 05, 2026お知らせ • Nov 06Kao Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025Kao Corporation provided consolidated earnings guidance for the fiscal year ending December 31, 2025. For the year, the company expects net sales of JPY 1,690,000 million; Operating income of JPY 165,000 million, and net income attributable to owners of the parent of JPY 121,000 million or basic earnings per share of JPY 262.31.お知らせ • Sep 03Kao Corporation to Report Q3, 2025 Results on Nov 06, 2025Kao Corporation announced that they will report Q3, 2025 results on Nov 06, 2025お知らせ • Aug 06Kao Corporation (TSE:4452) announces an Equity Buyback for 15,000,000 shares, representing 3.22% for ¥80,000 million.Kao Corporation (TSE:4452) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 3.22% of its issued share capital for total worth of ¥80,000 million. The purpose of the program is to improve capital efficiency and increase shareholders’ returns. The program will run till January 30, 2026. As of June 30, 2025, the company had 465,810,061 shares in issue and 89,939 shares in treasury.お知らせ • Jun 03Kao Corporation to Report Q2, 2025 Results on Aug 06, 2025Kao Corporation announced that they will report Q2, 2025 results on Aug 06, 2025お知らせ • Mar 04Kao Corporation to Report Q1, 2025 Results on May 08, 2025Kao Corporation announced that they will report Q1, 2025 results on May 08, 2025お知らせ • Feb 08+ 1 more updateKao Corporation Announces Dividend for the Year Ended December 31, 2024, Payable on March 24, 2025; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending December 31, 2025Kao Corporation announced dividend for the year ended December 31, 2024 of JPY 76.00 per share compared to JPY 75.00 per share paid a year ago. Scheduled starting date of the dividend payments is March 24, 2025. For the second quarter of fiscal year ending December 31, 2025, the company expects to pay dividend of JPY 77.00 per share. For the full year of fiscal year ending December 31, 2025, the company expects to pay dividend of JPY 77.00 per share.お知らせ • Feb 07Kao Corporation, Annual General Meeting, Mar 21, 2025Kao Corporation, Annual General Meeting, Mar 21, 2025.お知らせ • Dec 17Oasis Management Company Ltd Disputes Kao Corporation's Recent Public StatementsOn December 16, 2024, Oasis Management Company Ltd announced that it disputed Kao Corporation's recent statements, claiming that it mischaracterized the engagement level with Oasis and obscured key corporate governance issues ahead of the 2025 Annual General Meeting. Oasis highlighted significant governance deficiencies, inadequate transparency, and a lack of accountability from the Company. Oasis stated that despite proposing qualified candidates for the Company’s Board of Directors, the Nomination Committee has not engaged meaningfully or clarified its selection process. The early announcement of director nominees for the AGM seems to bypass shareholder input. Additionally, the Company’s vague explanation of recent governance changes, including a major delegation of authority to management, raises concerns about transparency and shareholder engagement, further eroding confidence in its governance practices and commitment to long-term value creation.お知らせ • Dec 11Oasis to Nominate Industry-Leading Independent Director Candidates for Upcoming Kao AGMOn December 10, 2024, Oasis Management Company Ltd. announced that it has increased its stake in Kao to over 5%. This move reinforces Oasis's position as one of the company's largest institutional investors and underscores its commitment to driving sustainable growth at Kao. Oasis Management expressed that despite its strong domestic presence and reputation for delivering high-quality products, Kao has consistently failed to fully capitalize on its international growth potential. Oasis believes that by leveraging its brands to drive robust international growth, Kao has the potential to become a global leader, competing with the likes of Beiersdorf AG, L’Oreal SA, Unilever Plc, and The Procter & Gamble Co. In light of this, Oasis plans to nominate five industry-leading director candidates for Kao's upcoming Annual General Meeting in March 2025. Oasis has expressed its disapproval of Kao's dilution of Board oversight and the premature announcement of director changes before interviewing the candidates submitted by Oasis.お知らせ • Dec 05Kao Corporation to Report Fiscal Year 2024 Results on Feb 06, 2025Kao Corporation announced that they will report fiscal year 2024 results on Feb 06, 2025Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥59.45 (vs JP¥34.24 in 3Q 2023)Third quarter 2024 results: EPS: JP¥59.45 (up from JP¥34.24 in 3Q 2023). Revenue: JP¥402.0b (up 3.8% from 3Q 2023). Net income: JP¥27.6b (up 74% from 3Q 2023). Profit margin: 6.9% (up from 4.1% in 3Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Sep 25Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €43.67. The fair value is estimated to be €35.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.お知らせ • Sep 02Kao Corporation to Report Nine Months, 2024 Results on Nov 07, 2024Kao Corporation announced that they will report nine months, 2024 results on Nov 07, 2024Buy Or Sell Opportunity • Aug 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €39.99. The fair value is estimated to be €33.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.New Risk • Aug 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Large one-off items impacting financial results.Declared Dividend • Aug 11First half dividend of JP¥76.00 announcedShareholders will receive a dividend of JP¥76.00. Ex-date: 27th December 2024 Payment date: 25th March 2025 Dividend yield will be 194%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is covered by cash flows (50% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 55% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: JP¥57.98 (vs JP¥25.40 in 2Q 2023)Second quarter 2024 results: EPS: JP¥57.98 (up from JP¥25.40 in 2Q 2023). Revenue: JP¥422.2b (up 8.1% from 2Q 2023). Net income: JP¥26.9b (up 128% from 2Q 2023). Profit margin: 6.4% (up from 3.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.お知らせ • Jun 05Kao Corporation to Report First Half, 2024 Results on Aug 07, 2024Kao Corporation announced that they will report first half, 2024 results on Aug 07, 2024New Risk • May 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (126% payout ratio). Large one-off items impacting financial results.Reported Earnings • May 10First quarter 2024 earnings released: EPS: JP¥35.43 (vs JP¥10.36 in 1Q 2023)First quarter 2024 results: EPS: JP¥35.43 (up from JP¥10.36 in 1Q 2023). Revenue: JP¥365.8b (up 5.2% from 1Q 2023). Net income: JP¥16.5b (up 242% from 1Q 2023). Profit margin: 4.5% (up from 1.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.Declared Dividend • Apr 11Final dividend of JP¥76.00 announcedShareholders will receive a dividend of JP¥76.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 208%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 77% to bring the payout ratio under control. EPS is expected to grow by 74% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • Apr 05Oasis Management Urges Kao Corporation to Prioritize Marketing or Distribution to Promote its ProductsOn April 4, 2024, Kao Corporation announced that its shares rose sharply after Oasis Management urged the Company to focus on the international growth of its cosmetics and skin-care brands, and tap its full potential. Oasis Management stated that the Company’s management hadn't done enough to fully unleash the potential of its impressive set of brands, including Curél skin-care products and Molton Brown, which encompasses fragrances, beauty and other products. Oasis Management said the Company that it had the product portfolio to compete with the likes of L'Oreal and Procter & Gamble and become a global leader, but the Company had not prioritized marketing or distribution to promote its products and drive revenue growth. In response, the Company stated that it is pursuing global growth by investing in its strongest brands. The Company stated that Oasis Management's arguments didn't fully acknowledge the active portfolio management and structural reforms the Company has been executing. The Company added that it continues to engage with Oasis Management and other shareholders and welcomes fresh perspectives.Buy Or Sell Opportunity • Apr 04Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at €36.59. The fair value is estimated to be €29.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.Board Change • Apr 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Managing Executive Officer, Senior VP of Global Procurement & Director Masakazu Negoro was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 28Full year 2023 earnings released: EPS: JP¥94.37 (vs JP¥183 in FY 2022)Full year 2023 results: EPS: JP¥94.37 (down from JP¥183 in FY 2022). Revenue: JP¥1.53t (down 1.2% from FY 2022). Net income: JP¥43.9b (down 49% from FY 2022). Profit margin: 2.9% (down from 5.5% in FY 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.Buy Or Sell Opportunity • Mar 11Now 23% overvaluedOver the last 90 days, the stock has fallen 2.5% to €35.65. The fair value is estimated to be €29.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.お知らせ • Mar 01Kao Corporation to Report Q1, 2024 Results on May 09, 2024Kao Corporation announced that they will report Q1, 2024 results on May 09, 2024Reported Earnings • Feb 08Full year 2023 earnings released: EPS: JP¥94.37 (vs JP¥183 in FY 2022)Full year 2023 results: EPS: JP¥94.37 (down from JP¥183 in FY 2022). Revenue: JP¥1.53t (down 1.2% from FY 2022). Net income: JP¥43.9b (down 49% from FY 2022). Profit margin: 2.9% (down from 5.5% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.お知らせ • Feb 07+ 2 more updatesKao Corporation Reports Dividend Results for Fiscal Year Ended December 31, 2023, Payable on March 25, 2024; Provides Year End Dividend Guidance for the Fiscal Year Ending December 31, 2024Kao Corporation reports dividend results for fiscal year ended December 31, 2023; provided year end dividend guidance for the fiscal year ending December 31, 2024. For the full year, the company reports year end dividend of JPY 75 per share compared to JPY 74 per share paid a year ago. Dividend payments: March 25, 2024. For the second quarter, the company expected dividend of JPY 76 per share compared to JPY 75 per share paid a year ago. For the full year, the company expected year end dividend of JPY 76 per share compared to JPY 75 per share paid a year ago.Upcoming Dividend • Dec 21Upcoming dividend of JP¥75.00 per share at 2.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.7%).お知らせ • Dec 01Kao Corporation to Report Fiscal Year 2023 Results on Feb 07, 2024Kao Corporation announced that they will report fiscal year 2023 results on Feb 07, 2024Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: JP¥34.24 (vs JP¥41.65 in 3Q 2022)Third quarter 2023 results: EPS: JP¥34.24 (down from JP¥41.65 in 3Q 2022). Revenue: JP¥387.4b (down 1.6% from 3Q 2022). Net income: JP¥15.9b (down 18% from 3Q 2022). Profit margin: 4.1% (down from 4.9% in 3Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 19% per year.お知らせ • Sep 01Kao Corporation to Report Nine Months, 2023 Results on Nov 08, 2023Kao Corporation announced that they will report nine months, 2023 results on Nov 08, 2023Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥43.68 in 2Q 2022)Second quarter 2023 results: EPS: JP¥25.40 (down from JP¥43.68 in 2Q 2022). Revenue: JP¥390.7b (flat on 2Q 2022). Net income: JP¥11.8b (down 43% from 2Q 2022). Profit margin: 3.0% (down from 5.3% in 2Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.Upcoming Dividend • Jun 22Upcoming dividend of JP¥75.00 per share at 2.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%).お知らせ • Jun 01Kao Corporation to Report First Half, 2023 Results on Aug 03, 2023Kao Corporation announced that they will report first half, 2023 results on Aug 03, 2023Reported Earnings • May 12First quarter 2023 earnings released: EPS: JP¥10.36 (vs JP¥38.50 in 1Q 2022)First quarter 2023 results: EPS: JP¥10.36 (down from JP¥38.50 in 1Q 2022). Revenue: JP¥347.8b (flat on 1Q 2022). Net income: JP¥4.82b (down 74% from 1Q 2022). Profit margin: 1.4% (down from 5.3% in 1Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 23% per year.お知らせ • May 11+ 1 more updateKao Corporation Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023Kao Corporation provided consolidated earnings guidance for the year ending December 31, 2023. For the period, Company expects Net sales of JPY 1,580,000 million, Operating income of JPY 120,000 million, Net income attributable to owners of the parent of JPY 88,000 million and Basic earnings per share of JPY 189.31.Board Change • Apr 03Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Eriko Sakurai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 28Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥1.55t (up 9.3% from FY 2021). Net income: JP¥86.0b (down 22% from FY 2021). Profit margin: 5.5% (down from 7.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.Reported Earnings • Feb 03Full year 2022 earnings released: EPS: JP¥183 (vs JP¥231 in FY 2021)Full year 2022 results: EPS: JP¥183 (down from JP¥231 in FY 2021). Revenue: JP¥1.55t (up 9.3% from FY 2021). Net income: JP¥86.0b (down 22% from FY 2021). Profit margin: 5.5% (down from 7.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 20% per year.お知らせ • Feb 03+ 2 more updatesKao Corporation, Annual General Meeting, Mar 24, 2023Kao Corporation, Annual General Meeting, Mar 24, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥74.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.1%).お知らせ • Dec 01Kao Corporation to Report Fiscal Year 2022 Results on Feb 02, 2023Kao Corporation announced that they will report fiscal year 2022 results on Feb 02, 2023Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: JP¥41.65 (vs JP¥62.32 in 3Q 2021)Third quarter 2022 results: EPS: JP¥41.65 (down from JP¥62.32 in 3Q 2021). Revenue: JP¥393.8b (up 14% from 3Q 2021). Net income: JP¥19.4b (down 34% from 3Q 2021). Profit margin: 4.9% (down from 8.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 19% per year.Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Independent Outside Director Eriko Sakurai was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: JP¥41.66 (vs JP¥62.32 in 3Q 2021)Third quarter 2022 results: EPS: JP¥41.66 (down from JP¥62.32 in 3Q 2021). Revenue: JP¥393.8b (up 14% from 3Q 2021). Net income: JP¥19.4b (down 34% from 3Q 2021). Profit margin: 4.9% (down from 8.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.お知らせ • Nov 01+ 1 more updateKao Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022Kao Corporation provided consolidated earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects net sales to be JPY 1,570,000 million. Operating income to be JPY 145,000 million. Net income attributable to owners of the parent to be JPY 111,000 million. Basic earnings per share to be JPY 236.45.お知らせ • Aug 28Kao Corporation to Report Q3, 2022 Results on Nov 01, 2022Kao Corporation announced that they will report Q3, 2022 results on Nov 01, 2022Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: JP¥43.68 (vs JP¥56.53 in 2Q 2021)Second quarter 2022 results: EPS: JP¥43.68 (down from JP¥56.53 in 2Q 2021). Revenue: JP¥387.1b (up 9.2% from 2Q 2021). Net income: JP¥20.6b (down 23% from 2Q 2021). Profit margin: 5.3% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.6%, compared to a 7.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year.Board Change • Jul 09Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Independent Outside Director Eriko Sakurai was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Jun 22Upcoming dividend of JP¥74.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.4%).お知らせ • Jun 01Kao Corporation to Report First Half, 2022 Results on Aug 03, 2022Kao Corporation announced that they will report first half, 2022 results on Aug 03, 2022Reported Earnings • May 13First quarter 2022 earnings released: EPS: JP¥38.50 (vs JP¥53.61 in 1Q 2021)First quarter 2022 results: EPS: JP¥38.50 (down from JP¥53.61 in 1Q 2021). Revenue: JP¥346.8b (up 8.2% from 1Q 2021). Net income: JP¥18.2b (down 29% from 1Q 2021). Profit margin: 5.3% (down from 8.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.0%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.お知らせ • May 12+ 2 more updatesKao Corporation (TSE:4452) announces an Equity Buyback for 12,000,000 shares, representing 2.53% for ¥50,000 million.Kao Corporation (TSE:4452) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 2.53% of its issued share capital for total worth of ¥50,000 million. The purpose of the program is to improve capital efficiency and further return profits to shareholders. The program will run till August 31, 2022. As of December 31, 2021, the company had 474,881,072 shares in issue and 118,928 shares in treasury.Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Nobuhide Hayashi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.Board Change • Apr 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Senior Managing Executive Officer, President of Global Consumer Product & Director Tomoharu Matsuda was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.お知らせ • Mar 01Kao Corporation to Report Q1, 2022 Results on May 11, 2022Kao Corporation announced that they will report Q1, 2022 results on May 11, 2022Reported Earnings • Feb 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥231 (down from JP¥262 in FY 2020). Revenue: JP¥1.42t (up 2.7% from FY 2020). Net income: JP¥109.6b (down 13% from FY 2020). Profit margin: 7.7% (down from 9.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.8%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year.お知らせ • Feb 04+ 1 more updateKao Corporation Announces Dividend for the Year Ended December 31, 2021, Payable on March 28, 2022; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending December 31, 2022Kao Corporation announced dividend of ¥72.00 per share for the year ended December 31, 2021 compared to ¥70.00 per share paid for a year ago. Scheduled starting date of the dividend payments is March 28, 2022.For the second quarter of 2022, the company expects to pay dividend of ¥74.00 per share compared to ¥72.00 per share paid a year ago.For the year ending December 31, 2022, the company expects to pay dividend of ¥74.00 per share compared to ¥72.00 per share paid a year ago.お知らせ • Feb 03Kao Corporation, Annual General Meeting, Mar 25, 2022Kao Corporation, Annual General Meeting, Mar 25, 2022.Upcoming Dividend • Dec 22Upcoming dividend of JP¥72.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.8%).Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS JP¥62.32 (vs JP¥73.48 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥345.8b (up 2.3% from 3Q 2020). Net income: JP¥29.5b (down 16% from 3Q 2020). Profit margin: 8.5% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS JP¥56.53 (vs JP¥49.77 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥354.6b (up 7.7% from 2Q 2020). Net income: JP¥26.8b (up 12% from 2Q 2020). Profit margin: 7.6% (up from 7.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.Upcoming Dividend • Jun 22Upcoming dividend of JP¥72.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 September 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.9%).お知らせ • May 19Kao Corporation Aims to Reduce its Co2 Emissions to Zero by 2040, and to Be Carbon Negative by 2050Kao Corporation has set new targets for realizing a decarbonized society and is aiming to reduce its carbon dioxide (CO2) emissions to zero by 2040, and become a carbon negative company by 2050. Consequently, Kao is now seeking to upgrade the 2.0°C target certification it was awarded by the Science Based Targets initiative (SBTi)*1 in 2019 to 1.5°C. It has also signed up to the “Business Ambition for 1.5°C” initiative, which was launched by the UN Global Compact, the SBTi, and company Mean Business. This is a corporate pledge for businesses to set science-based targets aligned with limiting global temperature rise to 1.5°C instead of 2.0°C. In addition, Kao is aiming to join RE100, an international program which brings together hundreds of large businesses committed to 100% renewable electricity. The SBTi is an international joint initiative by the CDP, the UN Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The SBTi provides science-based verification and certification as to whether the greenhouse gas reduction targets set by business enterprises are consistent with the decarbonization levels mandated by the Paris Agreement. The Kao Group has been working with a variety of stakeholders to reduce the environmental impact throughout their products lifecycles. In April 2019, Kao defined a sustainable lifestyle in an age of increasing consumer needs as the Kirei Lifestyle, and developed the Kirei Lifestyle Plan (KLP), a new ESG Strategy. The Japanese word 'kirei' describes something that is both clean and beautiful. For Kao, Kirei not only encapsulates appearance, but also attitude—to create beauty for oneself, other people, and for the world around us. Mid- to long-term targets have been announced for each of the 19 “Kao Actions” as specified by the KLP, which includes decarbonization. Recently, Kao’s responsibilities have grown as well as the role it is expected to play in relation to tackling climate change caused by global warming. In order to be able to deliver a Kirei Lifestyle not only to today’s consumers but also to the consumers of the future, Kao has set new decarbonization objectives aimed at the realization of a decarbonized society. By implementing Innovation in Reduction and Innovation in Recycling with regards to CO2, Kao is aiming to achieve carbon zero by 2040, and carbon negative 2050 in its business activities. Kao is also proceeding with the development of products, services, and technologies that will contribute towards reducing CO2 emissions in society as a whole.Reported Earnings • May 09First quarter 2021 earnings released: EPS JP¥53.61 (vs JP¥55.45 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: JP¥320.6b (down 5.1% from 1Q 2020). Net income: JP¥25.7b (down 3.5% from 1Q 2020). Profit margin: 8.0% (up from 7.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.お知らせ • May 08+ 1 more updateKao Corporation Provides Consolidated Earnings Guidance for the Year Ending December 31, 2021Kao Corporation provided consolidated earnings guidance for the year ending December 31, 2021. For the year, the company expects net sales of JPY 1,430,000 million, Operating income of JPY 177,000 million, Net income attributable to owners of the parent of JPY 127,000 million, Basic earnings per share of JPY 267.02.Reported Earnings • Mar 31Full year 2020 earnings released: EPS JP¥262 (vs JP¥307 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥1.38t (down 8.0% from FY 2019). Net income: JP¥126.1b (down 15% from FY 2019). Profit margin: 9.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.Is New 90 Day High Low • Mar 13New 90-day low: €54.00The company is down 11% from its price of €60.50 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.61 per share.お知らせ • Mar 01Kao Corporation to Report Q1, 2021 Results on May 07, 2021Kao Corporation announced that they will report Q1, 2021 results on May 07, 2021Reported Earnings • Feb 05Full year 2020 earnings released: EPS JP¥262 (vs JP¥307 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥1.38t (down 8.0% from FY 2019). Net income: JP¥126.1b (down 15% from FY 2019). Profit margin: 9.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Feb 05Revenue misses expectationsRevenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 3.7% while thePersonal Products industry in Germany is not expected to grow.お知らせ • Feb 04Kao Corporation, Annual General Meeting, Mar 26, 2021Kao Corporation, Annual General Meeting, Mar 26, 2021.Is New 90 Day High Low • Jan 27New 90-day low: €59.50The company is down 2.0% from its price of €61.00 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.81 per share.Upcoming Dividend • Dec 22Upcoming Dividend of JP¥70.00 Per ShareWill be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.8% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (2.4%).お知らせ • Dec 03Kao Corporation to Report Fiscal Year 2020 Results on Feb 03, 2021Kao Corporation announced that they will report fiscal year 2020 results on Feb 03, 2021お知らせ • Dec 01Kao Corporation Announces Executive Changes, Effective January 1, 2021Kao Corporation announced executive effective January 1, 2021. The company announced that Hideaki Kubo promoted to Managing Executive Officer from current position of Executive Officer; Vice President, Research and Development, Global; Responsible for Research and Development - Core Technology and Toru Nishiguchi promoted to Managing Executive Officer from current position of Executive Officer; President, Consumer Products, Asia; Chairman of the Board and President, Kao (China) Holding Co. Ltd.; Chairman of the Board and President, Kao Corporation Shanghai; Chairman of the Board, Kao Commercial (Shanghai) Co. Ltd.; Chairman of the Board and President, Kao (Hefei) Co. Ltd. The company also elects Mami Murata, Natsumi Hotta, Akira Shimotoyodome as Executive officer. The company announced the retirement of Akemi Ishiwata as Executive officer. The company appoints Akemi Ishiwata as Corporate Executive and retirement of Takuji Yasuakwa as Corporate Executive.Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS JP¥73.48The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: JP¥338.1b (down 13% from 3Q 2019). Net income: JP¥35.3b (down 24% from 3Q 2019). Profit margin: 11% (down from 12% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Analyst Estimate Surprise Post Earnings • Nov 13Revenue misses expectationsRevenue missed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 3.2%, compared to a 1.5% growth forecast for the Personal Products industry in Germany.Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 5.8% at JP¥338.1b. Revenue is forecast to grow 3.5% over the next year, compared to a 1.7% growth forecast for the Personal Products industry in Germany.株主還元KAODE Personal ProductsDE 市場7D1.0%0.9%3.2%1Y-17.3%-11.7%2.5%株主還元を見る業界別リターン: KAO過去 1 年間で-11.7 % の収益を上げたGerman Personal Products業界を下回りました。リターン対市場: KAOは、過去 1 年間で2.5 % のリターンを上げたGerman市場を下回りました。価格変動Is KAO's price volatile compared to industry and market?KAO volatilityKAO Average Weekly Movement3.7%Personal Products Industry Average Movement5.2%Market Average Movement6.1%10% most volatile stocks in DE Market13.3%10% least volatile stocks in DE Market2.7%安定した株価: KAO 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: KAOの 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト188731,514Yoshihiro Hasebewww.kao.com/jp花王株式会社は、衛生・生活ケア、ヘルスケア・ビューティケア、ライフケア、化粧品、ケミカル製品の開発・販売を行っている。ファブリック、キッチン、ホーム、サニタリーケア製品、フェイシャル、ボディ、ヘア、オーラルケア、ヘアスタイリング・カラー、サロン、インバスルームヘルスケア、温感製品、セルフ化粧品などを提供し、化粧品カウンセリングサービスも行っている。また、油脂化学品、油脂誘導体、界面活性剤、香料、減水混和剤、鋳物砂結合剤、プラスチック添加剤、プロセスケミカル、トナーおよびトナー結合剤、インクジェットインク着色剤およびインク、精密研磨剤およびクリーナー、材料およびプロセスケミカルなどの油脂化学品も提供している。前身は花王石鹸株式会社で、1982年に花王株式会社に社名変更した。花王株式会社は1887年に設立され、東京に本社を置いている。もっと見るKao Corporation 基礎のまとめKao の収益と売上を時価総額と比較するとどうか。KAO 基礎統計学時価総額€14.68b収益（TTM）€694.15m売上高(TTM)€9.27b21.2xPER（株価収益率1.6xP/SレシオKAO は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計KAO 損益計算書（TTM）収益JP¥1.71t売上原価JP¥1.03t売上総利益JP¥678.89bその他の費用JP¥550.66b収益JP¥128.23b直近の収益報告Mar 31, 2026次回決算日Aug 05, 2026一株当たり利益（EPS）283.49グロス・マージン39.65%純利益率7.49%有利子負債／自己資本比率12.0%KAO の長期的なパフォーマンスは？過去の実績と比較を見る配当金2.6%現在の配当利回り55%配当性向KAO 配当は確実ですか？KAO 配当履歴とベンチマークを見るKAO 、いつまでに購入すれば配当金を受け取れますか？Kao 配当日配当落ち日Jun 29 2026配当支払日Sep 01 2026配当落ちまでの日数36 days配当支払日までの日数100 daysKAO 配当は確実ですか？KAO 配当履歴とベンチマークを見るView Valuation企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/24 07:43終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kao Corporation 13 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23 アナリスト機関Mitsuko MiyasakoBarclaysKentaro HosodaBofA Global ResearchHiroki WatanabeCitigroup Inc20 その他のアナリストを表示
Declared Dividend • May 21Dividend of JP¥78.00 announcedShareholders will receive a dividend of JP¥78.00. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 248%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 14Kao Corporation to Report First Half, 2026 Results on Aug 05, 2026Kao Corporation announced that they will report first half, 2026 results on Aug 05, 2026
お知らせ • Feb 06Kao Corporation to Report Q1, 2026 Results on May 12, 2026Kao Corporation announced that they will report Q1, 2026 results on May 12, 2026
お知らせ • Feb 05Kao Corporation, Annual General Meeting, Mar 26, 2026Kao Corporation, Annual General Meeting, Mar 26, 2026.
お知らせ • Dec 01+ 1 more updateKao Corporation Announces Board RetirementsKao Corporation announced retirement of Osamu Shinobe as outside Director of the company, Executive Advisor, Ana Holdings Inc. Nobuhiro Oka retired as outside Audit & Supervisory Board Member of the company; Attorney-at Law; Outside Director, Yamatane Corporation; Professor, Keio University Law School.
お知らせ • Nov 28Kao Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026Kao Corporation announced that they will report fiscal year 2025 results on Feb 05, 2026
Declared Dividend • May 21Dividend of JP¥78.00 announcedShareholders will receive a dividend of JP¥78.00. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 248%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (55% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 7.5% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • May 14Kao Corporation to Report First Half, 2026 Results on Aug 05, 2026Kao Corporation announced that they will report first half, 2026 results on Aug 05, 2026
お知らせ • Feb 06Kao Corporation to Report Q1, 2026 Results on May 12, 2026Kao Corporation announced that they will report Q1, 2026 results on May 12, 2026
お知らせ • Feb 05Kao Corporation, Annual General Meeting, Mar 26, 2026Kao Corporation, Annual General Meeting, Mar 26, 2026.
お知らせ • Dec 01+ 1 more updateKao Corporation Announces Board RetirementsKao Corporation announced retirement of Osamu Shinobe as outside Director of the company, Executive Advisor, Ana Holdings Inc. Nobuhiro Oka retired as outside Audit & Supervisory Board Member of the company; Attorney-at Law; Outside Director, Yamatane Corporation; Professor, Keio University Law School.
お知らせ • Nov 28Kao Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026Kao Corporation announced that they will report fiscal year 2025 results on Feb 05, 2026
お知らせ • Nov 06Kao Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025Kao Corporation provided consolidated earnings guidance for the fiscal year ending December 31, 2025. For the year, the company expects net sales of JPY 1,690,000 million; Operating income of JPY 165,000 million, and net income attributable to owners of the parent of JPY 121,000 million or basic earnings per share of JPY 262.31.
お知らせ • Sep 03Kao Corporation to Report Q3, 2025 Results on Nov 06, 2025Kao Corporation announced that they will report Q3, 2025 results on Nov 06, 2025
お知らせ • Aug 06Kao Corporation (TSE:4452) announces an Equity Buyback for 15,000,000 shares, representing 3.22% for ¥80,000 million.Kao Corporation (TSE:4452) announces a share repurchase program. Under the program, the company will repurchase up to 15,000,000 shares, representing 3.22% of its issued share capital for total worth of ¥80,000 million. The purpose of the program is to improve capital efficiency and increase shareholders’ returns. The program will run till January 30, 2026. As of June 30, 2025, the company had 465,810,061 shares in issue and 89,939 shares in treasury.
お知らせ • Jun 03Kao Corporation to Report Q2, 2025 Results on Aug 06, 2025Kao Corporation announced that they will report Q2, 2025 results on Aug 06, 2025
お知らせ • Mar 04Kao Corporation to Report Q1, 2025 Results on May 08, 2025Kao Corporation announced that they will report Q1, 2025 results on May 08, 2025
お知らせ • Feb 08+ 1 more updateKao Corporation Announces Dividend for the Year Ended December 31, 2024, Payable on March 24, 2025; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending December 31, 2025Kao Corporation announced dividend for the year ended December 31, 2024 of JPY 76.00 per share compared to JPY 75.00 per share paid a year ago. Scheduled starting date of the dividend payments is March 24, 2025. For the second quarter of fiscal year ending December 31, 2025, the company expects to pay dividend of JPY 77.00 per share. For the full year of fiscal year ending December 31, 2025, the company expects to pay dividend of JPY 77.00 per share.
お知らせ • Feb 07Kao Corporation, Annual General Meeting, Mar 21, 2025Kao Corporation, Annual General Meeting, Mar 21, 2025.
お知らせ • Dec 17Oasis Management Company Ltd Disputes Kao Corporation's Recent Public StatementsOn December 16, 2024, Oasis Management Company Ltd announced that it disputed Kao Corporation's recent statements, claiming that it mischaracterized the engagement level with Oasis and obscured key corporate governance issues ahead of the 2025 Annual General Meeting. Oasis highlighted significant governance deficiencies, inadequate transparency, and a lack of accountability from the Company. Oasis stated that despite proposing qualified candidates for the Company’s Board of Directors, the Nomination Committee has not engaged meaningfully or clarified its selection process. The early announcement of director nominees for the AGM seems to bypass shareholder input. Additionally, the Company’s vague explanation of recent governance changes, including a major delegation of authority to management, raises concerns about transparency and shareholder engagement, further eroding confidence in its governance practices and commitment to long-term value creation.
お知らせ • Dec 11Oasis to Nominate Industry-Leading Independent Director Candidates for Upcoming Kao AGMOn December 10, 2024, Oasis Management Company Ltd. announced that it has increased its stake in Kao to over 5%. This move reinforces Oasis's position as one of the company's largest institutional investors and underscores its commitment to driving sustainable growth at Kao. Oasis Management expressed that despite its strong domestic presence and reputation for delivering high-quality products, Kao has consistently failed to fully capitalize on its international growth potential. Oasis believes that by leveraging its brands to drive robust international growth, Kao has the potential to become a global leader, competing with the likes of Beiersdorf AG, L’Oreal SA, Unilever Plc, and The Procter & Gamble Co. In light of this, Oasis plans to nominate five industry-leading director candidates for Kao's upcoming Annual General Meeting in March 2025. Oasis has expressed its disapproval of Kao's dilution of Board oversight and the premature announcement of director changes before interviewing the candidates submitted by Oasis.
お知らせ • Dec 05Kao Corporation to Report Fiscal Year 2024 Results on Feb 06, 2025Kao Corporation announced that they will report fiscal year 2024 results on Feb 06, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥59.45 (vs JP¥34.24 in 3Q 2023)Third quarter 2024 results: EPS: JP¥59.45 (up from JP¥34.24 in 3Q 2023). Revenue: JP¥402.0b (up 3.8% from 3Q 2023). Net income: JP¥27.6b (up 74% from 3Q 2023). Profit margin: 6.9% (up from 4.1% in 3Q 2023). Revenue is forecast to grow 3.1% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Sep 25Now 23% overvalued after recent price riseOver the last 90 days, the stock has risen 14% to €43.67. The fair value is estimated to be €35.58, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 2.1% per annum. Earnings are also forecast to grow by 15% per annum over the same time period.
お知らせ • Sep 02Kao Corporation to Report Nine Months, 2024 Results on Nov 07, 2024Kao Corporation announced that they will report nine months, 2024 results on Nov 07, 2024
Buy Or Sell Opportunity • Aug 25Now 21% overvaluedThe stock has been flat over the last 90 days, currently trading at €39.99. The fair value is estimated to be €33.18, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.2% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 13% per annum over the same time period.
New Risk • Aug 21New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 29% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (99% payout ratio). Large one-off items impacting financial results.
Declared Dividend • Aug 11First half dividend of JP¥76.00 announcedShareholders will receive a dividend of JP¥76.00. Ex-date: 27th December 2024 Payment date: 25th March 2025 Dividend yield will be 194%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not adequately covered by earnings (99% earnings payout ratio). However, it is covered by cash flows (50% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 10% to bring the payout ratio under control. EPS is expected to grow by 55% over the next 3 years, which is sufficient to bring the dividend into a sustainable range.
Reported Earnings • Aug 09Second quarter 2024 earnings released: EPS: JP¥57.98 (vs JP¥25.40 in 2Q 2023)Second quarter 2024 results: EPS: JP¥57.98 (up from JP¥25.40 in 2Q 2023). Revenue: JP¥422.2b (up 8.1% from 2Q 2023). Net income: JP¥26.9b (up 128% from 2Q 2023). Profit margin: 6.4% (up from 3.0% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings.
お知らせ • Jun 05Kao Corporation to Report First Half, 2024 Results on Aug 07, 2024Kao Corporation announced that they will report first half, 2024 results on Aug 07, 2024
New Risk • May 17New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 33% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (126% payout ratio). Large one-off items impacting financial results.
Reported Earnings • May 10First quarter 2024 earnings released: EPS: JP¥35.43 (vs JP¥10.36 in 1Q 2023)First quarter 2024 results: EPS: JP¥35.43 (up from JP¥10.36 in 1Q 2023). Revenue: JP¥365.8b (up 5.2% from 1Q 2023). Net income: JP¥16.5b (up 242% from 1Q 2023). Profit margin: 4.5% (up from 1.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings.
Declared Dividend • Apr 11Final dividend of JP¥76.00 announcedShareholders will receive a dividend of JP¥76.00. Ex-date: 27th June 2024 Payment date: 2nd September 2024 Dividend yield will be 208%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (159% earnings payout ratio). However, it is covered by cash flows (52% cash payout ratio). The dividend has increased by an average of 9.0% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 77% to bring the payout ratio under control. EPS is expected to grow by 74% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • Apr 05Oasis Management Urges Kao Corporation to Prioritize Marketing or Distribution to Promote its ProductsOn April 4, 2024, Kao Corporation announced that its shares rose sharply after Oasis Management urged the Company to focus on the international growth of its cosmetics and skin-care brands, and tap its full potential. Oasis Management stated that the Company’s management hadn't done enough to fully unleash the potential of its impressive set of brands, including Curél skin-care products and Molton Brown, which encompasses fragrances, beauty and other products. Oasis Management said the Company that it had the product portfolio to compete with the likes of L'Oreal and Procter & Gamble and become a global leader, but the Company had not prioritized marketing or distribution to promote its products and drive revenue growth. In response, the Company stated that it is pursuing global growth by investing in its strongest brands. The Company stated that Oasis Management's arguments didn't fully acknowledge the active portfolio management and structural reforms the Company has been executing. The Company added that it continues to engage with Oasis Management and other shareholders and welcomes fresh perspectives.
Buy Or Sell Opportunity • Apr 04Now 24% overvaluedThe stock has been flat over the last 90 days, currently trading at €36.59. The fair value is estimated to be €29.54, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
Board Change • Apr 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Senior Managing Executive Officer, Senior VP of Global Procurement & Director Masakazu Negoro was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 28Full year 2023 earnings released: EPS: JP¥94.37 (vs JP¥183 in FY 2022)Full year 2023 results: EPS: JP¥94.37 (down from JP¥183 in FY 2022). Revenue: JP¥1.53t (down 1.2% from FY 2022). Net income: JP¥43.9b (down 49% from FY 2022). Profit margin: 2.9% (down from 5.5% in FY 2022). Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
Buy Or Sell Opportunity • Mar 11Now 23% overvaluedOver the last 90 days, the stock has fallen 2.5% to €35.65. The fair value is estimated to be €29.02, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 29%. For the next 3 years, revenue is forecast to grow by 1.9% per annum. Earnings are also forecast to grow by 20% per annum over the same time period.
お知らせ • Mar 01Kao Corporation to Report Q1, 2024 Results on May 09, 2024Kao Corporation announced that they will report Q1, 2024 results on May 09, 2024
Reported Earnings • Feb 08Full year 2023 earnings released: EPS: JP¥94.37 (vs JP¥183 in FY 2022)Full year 2023 results: EPS: JP¥94.37 (down from JP¥183 in FY 2022). Revenue: JP¥1.53t (down 1.2% from FY 2022). Net income: JP¥43.9b (down 49% from FY 2022). Profit margin: 2.9% (down from 5.5% in FY 2022). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 17% per year, which means it has not declined as severely as earnings.
お知らせ • Feb 07+ 2 more updatesKao Corporation Reports Dividend Results for Fiscal Year Ended December 31, 2023, Payable on March 25, 2024; Provides Year End Dividend Guidance for the Fiscal Year Ending December 31, 2024Kao Corporation reports dividend results for fiscal year ended December 31, 2023; provided year end dividend guidance for the fiscal year ending December 31, 2024. For the full year, the company reports year end dividend of JPY 75 per share compared to JPY 74 per share paid a year ago. Dividend payments: March 25, 2024. For the second quarter, the company expected dividend of JPY 76 per share compared to JPY 75 per share paid a year ago. For the full year, the company expected year end dividend of JPY 76 per share compared to JPY 75 per share paid a year ago.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥75.00 per share at 2.6% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 57% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.7%).
お知らせ • Dec 01Kao Corporation to Report Fiscal Year 2023 Results on Feb 07, 2024Kao Corporation announced that they will report fiscal year 2023 results on Feb 07, 2024
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: JP¥34.24 (vs JP¥41.65 in 3Q 2022)Third quarter 2023 results: EPS: JP¥34.24 (down from JP¥41.65 in 3Q 2022). Revenue: JP¥387.4b (down 1.6% from 3Q 2022). Net income: JP¥15.9b (down 18% from 3Q 2022). Profit margin: 4.1% (down from 4.9% in 3Q 2022). Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 24% per year whereas the company’s share price has fallen by 19% per year.
お知らせ • Sep 01Kao Corporation to Report Nine Months, 2023 Results on Nov 08, 2023Kao Corporation announced that they will report nine months, 2023 results on Nov 08, 2023
Reported Earnings • Aug 03Second quarter 2023 earnings released: EPS: JP¥25.40 (vs JP¥43.68 in 2Q 2022)Second quarter 2023 results: EPS: JP¥25.40 (down from JP¥43.68 in 2Q 2022). Revenue: JP¥390.7b (flat on 2Q 2022). Net income: JP¥11.8b (down 43% from 2Q 2022). Profit margin: 3.0% (down from 5.3% in 2Q 2022). Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 22% per year whereas the company’s share price has fallen by 19% per year.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥75.00 per share at 2.8% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is on the higher end at 95%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.9%).
お知らせ • Jun 01Kao Corporation to Report First Half, 2023 Results on Aug 03, 2023Kao Corporation announced that they will report first half, 2023 results on Aug 03, 2023
Reported Earnings • May 12First quarter 2023 earnings released: EPS: JP¥10.36 (vs JP¥38.50 in 1Q 2022)First quarter 2023 results: EPS: JP¥10.36 (down from JP¥38.50 in 1Q 2022). Revenue: JP¥347.8b (flat on 1Q 2022). Net income: JP¥4.82b (down 74% from 1Q 2022). Profit margin: 1.4% (down from 5.3% in 1Q 2022). Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year whereas the company’s share price has fallen by 23% per year.
お知らせ • May 11+ 1 more updateKao Corporation Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023Kao Corporation provided consolidated earnings guidance for the year ending December 31, 2023. For the period, Company expects Net sales of JPY 1,580,000 million, Operating income of JPY 120,000 million, Net income attributable to owners of the parent of JPY 88,000 million and Basic earnings per share of JPY 189.31.
Board Change • Apr 03Less than half of directors are independentFollowing the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 7 non-independent directors. Independent Outside Director Eriko Sakurai was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 28Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥1.55t (up 9.3% from FY 2021). Net income: JP¥86.0b (down 22% from FY 2021). Profit margin: 5.5% (down from 7.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.
Reported Earnings • Feb 03Full year 2022 earnings released: EPS: JP¥183 (vs JP¥231 in FY 2021)Full year 2022 results: EPS: JP¥183 (down from JP¥231 in FY 2021). Revenue: JP¥1.55t (up 9.3% from FY 2021). Net income: JP¥86.0b (down 22% from FY 2021). Profit margin: 5.5% (down from 7.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 20% per year.
お知らせ • Feb 03+ 2 more updatesKao Corporation, Annual General Meeting, Mar 24, 2023Kao Corporation, Annual General Meeting, Mar 24, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥74.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is on the higher end at 80%, and the cash payout ratio is above 100%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (2.1%).
お知らせ • Dec 01Kao Corporation to Report Fiscal Year 2022 Results on Feb 02, 2023Kao Corporation announced that they will report fiscal year 2022 results on Feb 02, 2023
Reported Earnings • Nov 16Third quarter 2022 earnings released: EPS: JP¥41.65 (vs JP¥62.32 in 3Q 2021)Third quarter 2022 results: EPS: JP¥41.65 (down from JP¥62.32 in 3Q 2021). Revenue: JP¥393.8b (up 14% from 3Q 2021). Net income: JP¥19.4b (down 34% from 3Q 2021). Profit margin: 4.9% (down from 8.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 19% per year.
Board Change • Nov 16Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Independent Outside Director Eriko Sakurai was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 03Third quarter 2022 earnings released: EPS: JP¥41.66 (vs JP¥62.32 in 3Q 2021)Third quarter 2022 results: EPS: JP¥41.66 (down from JP¥62.32 in 3Q 2021). Revenue: JP¥393.8b (up 14% from 3Q 2021). Net income: JP¥19.4b (down 34% from 3Q 2021). Profit margin: 4.9% (down from 8.5% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 17% per year whereas the company’s share price has fallen by 21% per year.
お知らせ • Nov 01+ 1 more updateKao Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022Kao Corporation provided consolidated earnings guidance for the fiscal year ending December 31, 2022. For the year, the company expects net sales to be JPY 1,570,000 million. Operating income to be JPY 145,000 million. Net income attributable to owners of the parent to be JPY 111,000 million. Basic earnings per share to be JPY 236.45.
お知らせ • Aug 28Kao Corporation to Report Q3, 2022 Results on Nov 01, 2022Kao Corporation announced that they will report Q3, 2022 results on Nov 01, 2022
Reported Earnings • Aug 04Second quarter 2022 earnings released: EPS: JP¥43.68 (vs JP¥56.53 in 2Q 2021)Second quarter 2022 results: EPS: JP¥43.68 (down from JP¥56.53 in 2Q 2021). Revenue: JP¥387.1b (up 9.2% from 2Q 2021). Net income: JP¥20.6b (down 23% from 2Q 2021). Profit margin: 5.3% (down from 7.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 3.6%, compared to a 7.8% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 15% per year.
Board Change • Jul 09Insufficient new directorsThere is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. Independent Outside Director Eriko Sakurai was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥74.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 67% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (2.4%).
お知らせ • Jun 01Kao Corporation to Report First Half, 2022 Results on Aug 03, 2022Kao Corporation announced that they will report first half, 2022 results on Aug 03, 2022
Reported Earnings • May 13First quarter 2022 earnings released: EPS: JP¥38.50 (vs JP¥53.61 in 1Q 2021)First quarter 2022 results: EPS: JP¥38.50 (down from JP¥53.61 in 1Q 2021). Revenue: JP¥346.8b (up 8.2% from 1Q 2021). Net income: JP¥18.2b (down 29% from 1Q 2021). Profit margin: 5.3% (down from 8.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 4.0%, compared to a 12% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has fallen by 21% per year, which means it is performing significantly worse than earnings.
お知らせ • May 12+ 2 more updatesKao Corporation (TSE:4452) announces an Equity Buyback for 12,000,000 shares, representing 2.53% for ¥50,000 million.Kao Corporation (TSE:4452) announces a share repurchase program. Under the program, the company will repurchase up to 12,000,000 shares, representing 2.53% of its issued share capital for total worth of ¥50,000 million. The purpose of the program is to improve capital efficiency and further return profits to shareholders. The program will run till August 31, 2022. As of December 31, 2021, the company had 474,881,072 shares in issue and 118,928 shares in treasury.
Board Change • Apr 27Less than half of directors are independentThere is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 9 experienced directors. 2 highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Nobuhide Hayashi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment.
Board Change • Apr 02Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 9 experienced directors. 3 highly experienced directors. Senior Managing Executive Officer, President of Global Consumer Product & Director Tomoharu Matsuda was the last director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment.
お知らせ • Mar 01Kao Corporation to Report Q1, 2022 Results on May 11, 2022Kao Corporation announced that they will report Q1, 2022 results on May 11, 2022
Reported Earnings • Feb 04Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: JP¥231 (down from JP¥262 in FY 2020). Revenue: JP¥1.42t (up 2.7% from FY 2020). Net income: JP¥109.6b (down 13% from FY 2020). Profit margin: 7.7% (down from 9.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the next year, revenue is forecast to grow 3.8%, compared to a 8.7% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year and the company’s share price has also fallen by 10% per year.
お知らせ • Feb 04+ 1 more updateKao Corporation Announces Dividend for the Year Ended December 31, 2021, Payable on March 28, 2022; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending December 31, 2022Kao Corporation announced dividend of ¥72.00 per share for the year ended December 31, 2021 compared to ¥70.00 per share paid for a year ago. Scheduled starting date of the dividend payments is March 28, 2022.For the second quarter of 2022, the company expects to pay dividend of ¥74.00 per share compared to ¥72.00 per share paid a year ago.For the year ending December 31, 2022, the company expects to pay dividend of ¥74.00 per share compared to ¥72.00 per share paid a year ago.
お知らせ • Feb 03Kao Corporation, Annual General Meeting, Mar 25, 2022Kao Corporation, Annual General Meeting, Mar 25, 2022.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥72.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 55% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (1.8%).
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS JP¥62.32 (vs JP¥73.48 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥345.8b (up 2.3% from 3Q 2020). Net income: JP¥29.5b (down 16% from 3Q 2020). Profit margin: 8.5% (down from 11% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 7% per year and the company’s share price has also fallen by 7% per year.
Reported Earnings • Aug 04Second quarter 2021 earnings released: EPS JP¥56.53 (vs JP¥49.77 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥354.6b (up 7.7% from 2Q 2020). Net income: JP¥26.8b (up 12% from 2Q 2020). Profit margin: 7.6% (up from 7.3% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 6% per year whereas the company’s share price has fallen by 7% per year.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥72.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 September 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (1.9%).
お知らせ • May 19Kao Corporation Aims to Reduce its Co2 Emissions to Zero by 2040, and to Be Carbon Negative by 2050Kao Corporation has set new targets for realizing a decarbonized society and is aiming to reduce its carbon dioxide (CO2) emissions to zero by 2040, and become a carbon negative company by 2050. Consequently, Kao is now seeking to upgrade the 2.0°C target certification it was awarded by the Science Based Targets initiative (SBTi)*1 in 2019 to 1.5°C. It has also signed up to the “Business Ambition for 1.5°C” initiative, which was launched by the UN Global Compact, the SBTi, and company Mean Business. This is a corporate pledge for businesses to set science-based targets aligned with limiting global temperature rise to 1.5°C instead of 2.0°C. In addition, Kao is aiming to join RE100, an international program which brings together hundreds of large businesses committed to 100% renewable electricity. The SBTi is an international joint initiative by the CDP, the UN Global Compact, the World Resources Institute (WRI), and the World Wide Fund for Nature (WWF). The SBTi provides science-based verification and certification as to whether the greenhouse gas reduction targets set by business enterprises are consistent with the decarbonization levels mandated by the Paris Agreement. The Kao Group has been working with a variety of stakeholders to reduce the environmental impact throughout their products lifecycles. In April 2019, Kao defined a sustainable lifestyle in an age of increasing consumer needs as the Kirei Lifestyle, and developed the Kirei Lifestyle Plan (KLP), a new ESG Strategy. The Japanese word 'kirei' describes something that is both clean and beautiful. For Kao, Kirei not only encapsulates appearance, but also attitude—to create beauty for oneself, other people, and for the world around us. Mid- to long-term targets have been announced for each of the 19 “Kao Actions” as specified by the KLP, which includes decarbonization. Recently, Kao’s responsibilities have grown as well as the role it is expected to play in relation to tackling climate change caused by global warming. In order to be able to deliver a Kirei Lifestyle not only to today’s consumers but also to the consumers of the future, Kao has set new decarbonization objectives aimed at the realization of a decarbonized society. By implementing Innovation in Reduction and Innovation in Recycling with regards to CO2, Kao is aiming to achieve carbon zero by 2040, and carbon negative 2050 in its business activities. Kao is also proceeding with the development of products, services, and technologies that will contribute towards reducing CO2 emissions in society as a whole.
Reported Earnings • May 09First quarter 2021 earnings released: EPS JP¥53.61 (vs JP¥55.45 in 1Q 2020)The company reported a soft first quarter result with weaker earnings and revenues, although profit margins were improved. First quarter 2021 results: Revenue: JP¥320.6b (down 5.1% from 1Q 2020). Net income: JP¥25.7b (down 3.5% from 1Q 2020). Profit margin: 8.0% (up from 7.9% in 1Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year whereas the company’s share price has fallen by 3% per year.
お知らせ • May 08+ 1 more updateKao Corporation Provides Consolidated Earnings Guidance for the Year Ending December 31, 2021Kao Corporation provided consolidated earnings guidance for the year ending December 31, 2021. For the year, the company expects net sales of JPY 1,430,000 million, Operating income of JPY 177,000 million, Net income attributable to owners of the parent of JPY 127,000 million, Basic earnings per share of JPY 267.02.
Reported Earnings • Mar 31Full year 2020 earnings released: EPS JP¥262 (vs JP¥307 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥1.38t (down 8.0% from FY 2019). Net income: JP¥126.1b (down 15% from FY 2019). Profit margin: 9.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.
Is New 90 Day High Low • Mar 13New 90-day low: €54.00The company is down 11% from its price of €60.50 on 11 December 2020. The German market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €39.61 per share.
お知らせ • Mar 01Kao Corporation to Report Q1, 2021 Results on May 07, 2021Kao Corporation announced that they will report Q1, 2021 results on May 07, 2021
Reported Earnings • Feb 05Full year 2020 earnings released: EPS JP¥262 (vs JP¥307 in FY 2019)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: JP¥1.38t (down 8.0% from FY 2019). Net income: JP¥126.1b (down 15% from FY 2019). Profit margin: 9.1% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Feb 05Revenue misses expectationsRevenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 3.7% while thePersonal Products industry in Germany is not expected to grow.
お知らせ • Feb 04Kao Corporation, Annual General Meeting, Mar 26, 2021Kao Corporation, Annual General Meeting, Mar 26, 2021.
Is New 90 Day High Low • Jan 27New 90-day low: €59.50The company is down 2.0% from its price of €61.00 on 29 October 2020. The German market is up 21% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Personal Products industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €47.81 per share.
Upcoming Dividend • Dec 22Upcoming Dividend of JP¥70.00 Per ShareWill be paid on the 26th of March to those who are registered shareholders by the 29th of December. The trailing yield of 1.8% is below the top quartile of German dividend payers (3.5%), and is lower than industry peers (2.4%).
お知らせ • Dec 03Kao Corporation to Report Fiscal Year 2020 Results on Feb 03, 2021Kao Corporation announced that they will report fiscal year 2020 results on Feb 03, 2021
お知らせ • Dec 01Kao Corporation Announces Executive Changes, Effective January 1, 2021Kao Corporation announced executive effective January 1, 2021. The company announced that Hideaki Kubo promoted to Managing Executive Officer from current position of Executive Officer; Vice President, Research and Development, Global; Responsible for Research and Development - Core Technology and Toru Nishiguchi promoted to Managing Executive Officer from current position of Executive Officer; President, Consumer Products, Asia; Chairman of the Board and President, Kao (China) Holding Co. Ltd.; Chairman of the Board and President, Kao Corporation Shanghai; Chairman of the Board, Kao Commercial (Shanghai) Co. Ltd.; Chairman of the Board and President, Kao (Hefei) Co. Ltd. The company also elects Mami Murata, Natsumi Hotta, Akira Shimotoyodome as Executive officer. The company announced the retirement of Akemi Ishiwata as Executive officer. The company appoints Akemi Ishiwata as Corporate Executive and retirement of Takuji Yasuakwa as Corporate Executive.
Reported Earnings • Nov 13Third quarter 2020 earnings released: EPS JP¥73.48The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: JP¥338.1b (down 13% from 3Q 2019). Net income: JP¥35.3b (down 24% from 3Q 2019). Profit margin: 11% (down from 12% in 3Q 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Analyst Estimate Surprise Post Earnings • Nov 13Revenue misses expectationsRevenue missed analyst estimates by 5.8%. Over the next year, revenue is forecast to grow 3.2%, compared to a 1.5% growth forecast for the Personal Products industry in Germany.
Analyst Estimate Surprise Post Earnings • Oct 30Third-quarter earnings released: Revenue misses expectationsThird-quarter revenue missed analyst estimates by 5.8% at JP¥338.1b. Revenue is forecast to grow 3.5% over the next year, compared to a 1.7% growth forecast for the Personal Products industry in Germany.
