# Oji Holdings vs Kao vs Unicharm vs Lion

> Unit: JPY millions (ratios in %)
> Periods: Oji Holdings = FY ending Mar 2026, consolidated, J-GAAP / Kao = FY ending Dec 2025, consolidated, IFRS / Unicharm = FY ending Dec 2025, consolidated, IFRS / Lion = FY ending Dec 2025, consolidated, IFRS
> Retrieved: 2026-09-30T22:46:09.373Z

| Metric | Oji Holdings | Kao | Unicharm | Lion |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 1,861,709 | 1,688,633 | 945,268 | 422,092 |
| Operating income | 34,582 | 164,069 | — | 36,368 |
| Net income | 55,582 | 120,081 | 65,212 | 27,587 |
| COGS ratio | 82.6% | 60.4% | 60.9% | 54.1% |
| Operating margin | 1.9% | 9.7% | — | 8.6% |
| Net margin | 3.0% | 7.1% | 6.9% | 6.5% |
| FCF margin | 1.1% | 7.6% | 10.9% | 5.1% |
| Period | FY ending Mar 2026 | FY ending Dec 2025 | FY ending Dec 2025 | FY ending Dec 2025 |
| Source | S100YJ8J | S100XT6G | S100XSEU | S100XU1E |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Oji Holdings | Kao | Unicharm | Lion |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 75 (10 peers) | 55 (10 peers) | 65 (10 peers) | 45 (10 peers) |
| Profitability | 5.6 (9 peers) | 94.4 (9 peers) | — | 72.2 (9 peers) |
| Cash conversion | 94.4 (9 peers) | 38.9 (9 peers) | — | 27.8 (9 peers) |
| Efficiency | 25 (10 peers) | 65 (10 peers) | 45 (10 peers) | 55 (10 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/oji-holdings/md
- https://vizora.meequs.com/en/company/kao/md
- https://vizora.meequs.com/en/company/unicharm/md
- https://vizora.meequs.com/en/company/lion/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).