Kao Corporation logo

Kao Corporation

4452.T

JPXConsumer DefensiveHousehold & Personal Products

Latest quote

¥3,643

+¥76.00 · +2.13%

Aug 25, 11:30 AM JST

4452.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Kao Corporation is a multifaceted enterprise engaged in the development and sale of a broad spectrum of products, encompassing cosmetics, skin and hair care items, human health solutions, household cleaning and fabric care goods, and various chemical products. The company's operations are strategically divided into five core business segments: Hygiene and Living Care, Health and Beauty Care, Life Care, Cosmetics, and Chemicals. Within the Hygiene and Living Care segment, Kao provides essentials such as laundry detergents, fabric care products, and a variety of kitchen, paper, and general household cleaning supplies, alongside sanitary napkins and baby diapers. Its Health and Beauty Care division encompasses offerings like skin and hair care formulations, specialized professional hair care lines, bath additives, and both oral hygiene and thermal products. The Life Care segment focuses on delivering health beverages and commercial-grade hygiene solutions. In its Cosmetics Business, the company supplies both advised and self-service cosmetic items. Finally, the Chemical Business segment produces an extensive array of industrial ingredients, including oleochemicals, fat and oil derivatives, surfactants, fragrances, water-reducing admixtures, casting sand binders, plastics additives, process chemicals, toners and toner binders, inkjet ink colorants and inks, fine polishing agents and cleaners, and other specialized materials and process chemicals. Established in 1887, this Tokyo, Japan-headquartered entity initially operated as Kao Soap Co., Ltd., before adopting its current name, Kao Corporation, in 1982.

Industry
Household & Personal Products
Sector
Consumer Defensive
Headquarters
JP
CEO
Yoshihiro Hasebe
Listed since
May 16, 1949
Employees
31,514

Market position

Day range

Current ¥3,643

52-week range

Current ¥3,643

Open
¥3,625
Previous close
¥3,567
Volume
1.2M
0.34× average
Average volume
3.49M
Average daily volume
Market cap
3.3T JPY
Beta
0.18
Market reference 1
50-day average
¥3,301.69
+10.34% above average
200-day average
¥3,154.49
+15.49% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.81T JPY
P/E (TTM)
24.48×
P/B (TTM)
2.94×
P/S (TTM)
1.88×
EV / EBITDA
10.96×
Earnings yield
4.16%
Free cash flow yield
4.79%
Dividend yield
2.13%

Profitability & efficiency

Gross margin
38.55%
Operating margin
10.15%
Net margin
7.77%
Return on equity
11.28%
Return on assets
6.40%
Return on invested capital
8.25%

Financial health

Debt / equity
0.21×
Current ratio
1.75×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends44%29%14%-1%Gross margin, FY2021: 40.40%Gross margin, FY2022: 35.35%Gross margin, FY2023: 36.57%Gross margin, FY2024: 39.20%Gross margin, FY2025: 37.96%Operating margin, FY2021: 10.30%Operating margin, FY2022: 6.93%Operating margin, FY2023: 6.11%Operating margin, FY2024: 8.61%Operating margin, FY2025: 9.65%Net margin, FY2021: 7.73%Net margin, FY2022: 5.55%Net margin, FY2023: 2.86%Net margin, FY2024: 6.62%Net margin, FY2025: 7.11%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 40.40%. Gross margin FY2022 35.35%. Gross margin FY2023 36.57%. Gross margin FY2024 39.20%. Gross margin FY2025 37.96%. Operating margin FY2021 10.30%. Operating margin FY2022 6.93%. Operating margin FY2023 6.11%. Operating margin FY2024 8.61%. Operating margin FY2025 9.65%. Net margin FY2021 7.73%. Net margin FY2022 5.55%. Net margin FY2023 2.86%. Net margin FY2024 6.62%. Net margin FY2025 7.11%.

Income trends

Revenue

1.69T JPY+3.70%

Operating income

163.04B JPY+16.24%

Net income

120.08B JPY+11.43%
Income trends across reported periods1.85T JPY1.2T JPY537.3B JPY−120.61B JPYRevenue, FY2021: 1.42T JPYRevenue, FY2022: 1.55T JPYRevenue, FY2023: 1.53T JPYRevenue, FY2024: 1.63T JPYRevenue, FY2025: 1.69T JPYOperating income, FY2021: 146.15B JPYOperating income, FY2022: 107.43B JPYOperating income, FY2023: 93.66B JPYOperating income, FY2024: 140.26B JPYOperating income, FY2025: 163.04B JPYNet income, FY2021: 109.64B JPYNet income, FY2022: 86.04B JPYNet income, FY2023: 43.87B JPYNet income, FY2024: 107.77B JPYNet income, FY2025: 120.08B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.42T JPY. Revenue FY2022 1.55T JPY. Revenue FY2023 1.53T JPY. Revenue FY2024 1.63T JPY. Revenue FY2025 1.69T JPY. Operating income FY2021 146.15B JPY. Operating income FY2022 107.43B JPY. Operating income FY2023 93.66B JPY. Operating income FY2024 140.26B JPY. Operating income FY2025 163.04B JPY. Net income FY2021 109.64B JPY. Net income FY2022 86.04B JPY. Net income FY2023 43.87B JPY. Net income FY2024 107.77B JPY. Net income FY2025 120.08B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue1.69T JPY1.63T JPY1.53T JPY1.55T JPY1.42T JPY
Cost of goods sold1.05T JPY990.04B JPY972.15B JPY1T JPY845.57B JPY
Gross profit640.98B JPY638.4B JPY560.43B JPY548.34B JPY573.19B JPY
Research and development61.13B JPY62.1B JPY62.6B JPY60.6B JPY59B JPY
Selling, general, and administrative416.82B JPY407.72B JPY376.38B JPY353.81B JPY341.86B JPY
Operating expenses477.95B JPY498.14B JPY466.77B JPY440.91B JPY427.05B JPY
Interest income6.2B JPY4.64B JPY4.87B JPY5.65B JPY6.47B JPY
Interest expense3.83B JPY3.66B JPY3.45B JPY2.42B JPY2.6B JPY
Depreciation and amortization85.84B JPY88.42B JPY89.6B JPY89.74B JPY87.34B JPY
Operating income163.04B JPY140.26B JPY93.66B JPY107.43B JPY146.15B JPY
Net income120.08B JPY107.77B JPY43.87B JPY86.04B JPY109.64B JPY

Company facts updated Aug 25, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
+17.60%
11 comparable reports
Latest EPS result
38.32
Estimate 32.99 · Beat by 16.16%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates79.3459.6639.9920.31Q1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 38.04, estimate 37.98, surprise +0.16%, Beat. Q2 2025, reported May 8, 2025: actual 23.9, estimate 44.18, surprise -45.90%, Miss. Q3 2025, reported Aug 6, 2025: actual 29.5, estimate 63.67, surprise -53.67%, Miss. Q4 2025, reported Nov 6, 2025: actual 39.4, estimate 75.23, surprise -47.63%, Miss. Q1 2026, reported Feb 5, 2026: actual 38.9, estimate 42.46, surprise -8.38%, Miss. Q2 2026, reported May 12, 2026: actual 34.3, estimate 27.92, surprise +22.85%, Beat. Q3 2026, reported Aug 5, 2026: actual 38.32, estimate 32.99, surprise +16.16%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 39.74, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates477.06B438.17B399.28B360.39BQ1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 6, 2025: actual 438.44B JPY, estimate 424.09B JPY, surprise +3.38%, Beat. Q2 2025, reported May 8, 2025: actual 389.86B JPY, estimate 378.74B JPY, surprise +2.94%, Beat. Q3 2025, reported Aug 6, 2025: actual 419.17B JPY, estimate 433.08B JPY, surprise -3.21%, Miss. Q4 2025, reported Nov 6, 2025: actual 423.01B JPY, estimate 417.29B JPY, surprise +1.37%, Beat. Q1 2026, reported Feb 5, 2026: actual 457.39B JPY, estimate 449.71B JPY, surprise +1.71%, Beat. Q2 2026, reported May 12, 2026: actual 413.69B JPY, estimate 403.74B JPY, surprise +2.46%, Beat. Q3 2026, reported Aug 5, 2026: actual 458.71B JPY, estimate 444.23B JPY, surprise +3.26%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 442.63B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥77.00

2025 complete year+6.9% since 2021

2026 partial: ¥39.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Dec 29, 2026

¥39.00

Semi-Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Jun 29, 2026

¥78.00

Semi-Annual

Record Jun 30, 2026 · Payment Sep 1, 2026

Dividend

Ex-dividend Dec 29, 2025

¥77.00

Semi-Annual

Record Dec 31, 2025 · Payment Mar 27, 2026

Dividend

Ex-dividend Jun 27, 2025

¥77.00

Semi-Annual

Record Jun 30, 2025 · Payment Sep 1, 2025

Dividend

Ex-dividend Dec 27, 2024

¥76.00

Semi-Annual

Record Dec 31, 2024 · Payment Mar 24, 2025

Dividend

Ex-dividend Jun 27, 2024

¥76.00

Semi-Annual

Record Jun 30, 2024 · Payment Sep 1, 2024

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