Kao Future Growth

Future criteria checks 2/6

Kao is forecast to grow earnings and revenue by 12.5% and 3.2% per annum respectively. EPS is expected to grow by 13% per annum. Return on equity is forecast to be 12% in 3 years.

Key information

12.5%

Earnings growth rate

13.0%

EPS growth rate

Personal Products earnings growth	19.6%
Revenue growth rate	3.2%
Future return on equity	12.0%
Analyst coverage	Good
Last updated	25 Nov 2024

Recent future growth updates

Earnings Miss: Kao Corporation Missed EPS By 7.9% And Analysts Are Revising Their Forecasts

Nov 09

Results: Kao Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 11

Kao Corporation Just Beat EPS By 27%: Here's What Analysts Think Will Happen Next

May 11

Recent updates

Kao's (TSE:4452) Dividend Will Be ¥76.00

Nov 27

Estimating The Fair Value Of Kao Corporation (TSE:4452)

Nov 26

Earnings Miss: Kao Corporation Missed EPS By 7.9% And Analysts Are Revising Their Forecasts

Nov 09

Results: Kao Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 11

Kao Corporation's (TSE:4452) Intrinsic Value Is Potentially 24% Below Its Share Price

Aug 01

Kao (TSE:4452) Is Paying Out A Larger Dividend Than Last Year

Jun 19

Kao's (TSE:4452) Dividend Will Be Increased To ¥76.00

Jun 05

Investors Could Be Concerned With Kao's (TSE:4452) Returns On Capital

May 30

Kao Corporation Just Beat EPS By 27%: Here's What Analysts Think Will Happen Next

May 11

Kao's (TSE:4452) Shareholders Will Receive A Bigger Dividend Than Last Year

Apr 26

Kao (TSE:4452) Is Increasing Its Dividend To ¥76.00

Apr 11

Kao's (TSE:4452) Soft Earnings Don't Show The Whole Picture

Mar 30

Calculating The Fair Value Of Kao Corporation (TSE:4452)

Mar 16

Some Investors May Be Worried About Kao's (TSE:4452) Returns On Capital

Mar 01

Earnings and Revenue Growth Forecasts

TSE:4452 - Analysts future estimates and past financials data (JPY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	1,718,389	131,534	124,411	218,494	10
12/31/2025	1,668,680	120,341	113,052	204,490	10
12/31/2024	1,615,696	107,798	103,042	193,038	10
9/30/2024	1,596,707	82,355	149,453	214,123	N/A
6/30/2024	1,582,038	70,659	139,855	204,214	N/A
3/31/2024	1,550,582	55,523	138,168	201,514	N/A
12/31/2023	1,532,579	43,870	136,034	202,481	N/A
9/30/2023	1,549,232	60,260	110,066	178,015	N/A
6/30/2023	1,555,686	63,774	97,267	165,570	N/A
3/31/2023	1,552,058	72,611	61,584	138,216	N/A
12/31/2022	1,551,059	86,038	53,704	130,905	N/A
9/30/2022	1,525,519	85,886	50,117	127,386	N/A
6/30/2022	1,477,490	95,986	62,493	138,682	N/A
3/31/2022	1,445,005	102,161	96,827	165,930	N/A
12/31/2021	1,418,768	109,636	104,005	175,524	N/A
9/30/2021	1,397,696	122,271	131,555	199,903	N/A
6/30/2021	1,390,018	128,080	139,706	205,850	N/A
3/31/2021	1,364,788	125,196	142,764	207,637	N/A
12/31/2020	1,381,997	126,142	144,868	214,718	N/A
9/30/2020	1,398,171	130,575	136,159	219,384	N/A
6/30/2020	1,448,000	141,518	149,880	238,331	N/A
3/31/2020	1,493,104	148,438	152,132	250,228	N/A
12/31/2019	1,502,241	148,213	150,745	244,523	N/A
9/30/2019	1,519,528	157,841	151,160	235,072	N/A
6/30/2019	1,500,376	148,188	119,883	211,057	N/A
3/31/2019	1,504,266	152,364	110,699	195,315	N/A
12/31/2018	1,508,007	153,698	107,612	195,610	N/A
9/30/2018	1,506,980	150,023	103,999	198,007	N/A
6/30/2018	1,501,147	153,347	N/A	183,962	N/A
3/31/2018	1,494,887	150,615	N/A	183,600	N/A
12/31/2017	1,489,421	147,010	N/A	185,845	N/A
9/30/2017	1,482,771	136,617	N/A	197,472	N/A
6/30/2017	1,475,385	133,015	N/A	199,373	N/A
3/31/2017	1,467,697	129,919	N/A	189,267	N/A
12/31/2016	1,457,610	126,551	N/A	184,307	N/A
9/30/2016	1,464,403	117,019	N/A	166,421	N/A
6/30/2016	1,476,153	114,821	N/A	177,176	N/A
3/31/2016	1,478,106	107,647	N/A	179,524	N/A
12/31/2015	1,471,791	98,862	N/A	180,864	N/A
9/30/2015	1,456,939	97,120	N/A	164,223	N/A
6/30/2015	1,430,934	81,989	N/A	142,796	N/A
3/31/2015	1,389,284	66,411	N/A	135,137	N/A
12/31/2014	1,401,707	79,590	N/A	145,118	N/A
9/30/2014	1,371,924	75,882	N/A	136,928	N/A
6/30/2014	1,356,204	78,148	N/A	156,905	N/A
3/31/2014	1,367,372	79,437	N/A	158,784	N/A
12/31/2013	1,315,217	64,764	N/A	178,745	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 4452's forecast earnings growth (12.5% per year) is above the savings rate (0.3%).

Earnings vs Market: 4452's earnings (12.5% per year) are forecast to grow faster than the JP market (7.9% per year).

High Growth Earnings: 4452's earnings are forecast to grow, but not significantly.

Revenue vs Market: 4452's revenue (3.2% per year) is forecast to grow slower than the JP market (4.2% per year).

High Growth Revenue: 4452's revenue (3.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 4452's Return on Equity is forecast to be low in 3 years time (12%).

Kao Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Earnings Miss: Kao Corporation Missed EPS By 7.9% And Analysts Are Revising Their Forecasts

Results: Kao Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Kao Corporation Just Beat EPS By 27%: Here's What Analysts Think Will Happen Next

Consensus EPS estimates fall by 11%

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 21%

Recent updates

Kao's (TSE:4452) Dividend Will Be ¥76.00

Estimating The Fair Value Of Kao Corporation (TSE:4452)

Earnings Miss: Kao Corporation Missed EPS By 7.9% And Analysts Are Revising Their Forecasts

Third quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Now 20% overvalued after recent price rise

Now 21% overvalued after recent price rise

Is Kao (TSE:4452) A Risky Investment?

Kao (TSE:4452) Will Pay A Dividend Of ¥76.00

Now 22% overvalued

Kao Corporation to Report Nine Months, 2024 Results on Nov 07, 2024

Kao (TSE:4452) Is Due To Pay A Dividend Of ¥76.00

Kao (TSE:4452) Is Due To Pay A Dividend Of ¥76.00

Results: Kao Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

First half dividend of JP¥76.00 announced

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Kao Corporation's (TSE:4452) Intrinsic Value Is Potentially 24% Below Its Share Price

Kao (TSE:4452) Is Paying Out A Larger Dividend Than Last Year

Kao's (TSE:4452) Dividend Will Be Increased To ¥76.00

Kao Corporation to Report First Half, 2024 Results on Aug 07, 2024

Investors Could Be Concerned With Kao's (TSE:4452) Returns On Capital

New minor risk - Earnings quality

Kao Corporation Just Beat EPS By 27%: Here's What Analysts Think Will Happen Next

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Kao's (TSE:4452) Shareholders Will Receive A Bigger Dividend Than Last Year

Kao (TSE:4452) Is Increasing Its Dividend To ¥76.00

Final dividend of JP¥76.00 announced

Oasis Management Urges Kao Corporation to Prioritize Marketing or Distribution to Promote its Products

Now 22% overvalued after recent price rise

High number of new directors

Kao's (TSE:4452) Soft Earnings Don't Show The Whole Picture

Full year 2023 earnings: EPS and revenues miss analyst expectations

Calculating The Fair Value Of Kao Corporation (TSE:4452)

Kao Corporation to Report Q1, 2024 Results on May 09, 2024

Some Investors May Be Worried About Kao's (TSE:4452) Returns On Capital

Full year 2023 earnings: EPS and revenues miss analyst expectations

Kao 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, 2024

Upcoming dividend of JP¥75.00 per share at 2.6% yield

Kao Corporation to Report Fiscal Year 2023 Results on Feb 07, 2024

Third quarter 2023 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates fall by 11%

Kao Corporation to Report Nine Months, 2023 Results on Nov 08, 2023

Consensus EPS estimates fall by 12%

Consensus EPS estimates fall by 21%

Second quarter 2023 earnings: EPS misses analyst expectations

Upcoming dividend of JP¥75.00 per share at 2.8% yield

Kao Corporation to Report First Half, 2023 Results on Aug 03, 2023

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Kao Corporation Provides Consolidated Earnings Guidance for the Year Ending December 31, 2023

Less than half of directors are independent

Full year 2022 earnings: Revenues in line with analyst expectations

Full year 2022 earnings: EPS misses analyst expectations

Kao Corporation, Annual General Meeting, Mar 24, 2023

Consensus EPS estimates fall by 11%

Upcoming dividend of JP¥74.00 per share

Kao Corporation to Report Fiscal Year 2022 Results on Feb 02, 2023

Insufficient new directors

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Kao Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2022

Kao Corporation to Report Q3, 2022 Results on Nov 01, 2022

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Insufficient new directors

Upcoming dividend of JP¥74.00 per share

Kao Corporation to Report First Half, 2022 Results on Aug 03, 2022

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Kao Corporation (TSE:4452) announces an Equity Buyback for 12,000,000 shares, representing 2.53% for ¥50,000 million.

Less than half of directors are independent

Insufficient new directors

Kao Corporation to Report Q1, 2022 Results on May 11, 2022

Full year 2021 earnings: EPS misses analyst expectations