THE WHAT? Kao Company reported a modest 0.6% enhance in web gross sales from the earlier 12 months, totalling 738.5 billion yen. When contemplating forex translations, the adjusted gross sales decreased by 2.3%. Their working revenue dropped considerably by 27.8 billion yen from the 12 months earlier than, settling at 25.9 billion yen. The Chemical Enterprise underperformed, offsetting positive aspects from the Shopper Merchandise Enterprise.
THE DETAILS Totally different areas confirmed diverse gross sales figures: Japan skilled a 2.4% enhance (368.1 billion yen), Asia’s gross sales marginally grew by 0.2% (113.4 billion yen), the Americas witnessed a 14.4% bounce (60.9 billion yen), and Europe recorded an 11.4% rise (34.6 billion yen). Gross sales elevated by 6.8% to 188.8 billion yen within the Well being and Magnificence Care sector. Whereas skincare gross sales grew, hair care gross sales remained static, and private well being product gross sales dipped.
THE WHY? Regardless of some areas exhibiting restoration post-COVID-19, market unpredictability stays as a result of geopolitical points in Europe, a decelerating market in China, and inflation-induced excessive prices.
