Kao Corporation
Kao Corporation (4452) Financial Summary for the Fiscal Year Ending December 2025
Consolidated net sales for the fiscal year ending December 2025 were JPY 1,688.6 billion (up 3.7% YoY), operating income was JPY 164.1 billion (up 11.9% YoY), and net income attributable to owners of parent was JPY 120.1 billion (up 11.4% YoY). Share buybacks of JPY 80 billion and cancellation of 12.3 million shares were conducted. For the fiscal year ending December 2026, net sales are projected at JPY 1,750 billion and operating income at JPY 182 billion.
Key Figures
- Net Sales: JPY 1,688.6 billion (FY December 2025, up 3.7% YoY)
- Operating Income: JPY 164.1 billion (FY December 2025, up 11.9% YoY)
- Net Income Attributable to Owners of Parent: JPY 120.1 billion (FY December 2025, up 11.4% YoY)
AI要約
Overview of Business Performance
For the fiscal year ending December 2025, consolidated results were net sales of JPY 1,688.6 billion (up 3.7% YoY), operating income of JPY 164.1 billion (up 11.9% YoY), profit before tax of JPY 169.8 billion (up 12.5% YoY), and net income attributable to owners of parent of JPY 120.1 billion (up 11.4% YoY). Operating margin improved to 9.7%, ROIC was 9.7%, and EVA was JPY 41.1 billion, both exceeding the previous term. By segment, the Global Consumer Care business recorded net sales of JPY 1,283.0 billion and operating income of JPY 133.1 billion, while the Chemicals business recorded net sales of JPY 451.5 billion and operating income of JPY 30.2 billion.
Capital Policy and Dividends
In August 2025, share buybacks totaling JPY 80 billion were conducted, and 12.3 million shares were cancelled in December. The annual dividend was JPY 154 per share (up JPY 2 YoY), with a payout ratio of 59.2%. The dividend forecast for the fiscal year ending December 2026 is JPY 78 interim dividend and JPY 39 year-end dividend (post-stock split), totaling JPY 156 annually (pre-stock split basis), aiming for 37 consecutive years of dividend increases. Additionally, a 2-for-1 stock split effective July 1, 2026, was resolved to expand the investor base.
Earnings Guidance for FY December 2026
The consolidated earnings forecast for the fiscal year ending December 2026 is net sales of JPY 1,750 billion (up 3.6% YoY), operating income of JPY 182 billion (up 10.9% YoY), profit before tax of JPY 185 billion (up 8.9% YoY), and net income attributable to owners of parent of JPY 130 billion (up 8.3% YoY). ROIC is targeted at 10.5%, EVA at JPY 51 billion, aiming to further strengthen earning power and accelerate global expansion.
