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KaoKao Corporation4452東証プライム化学FY ending Dec 2025, consolidated, IFRS

Kao FY ending Dec 2025 results

About 43% of Kao's sales come from Global consumer care business, with Hygiene living care business and Health beauty care business making up much of the rest.

Out of every ¥100 of sales, about ¥10 is left as operating profit.

Revenue changed +3.7% from the prior year, operating profit +11.9%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +3.7% · profit +11.9%, calculated from disclosed figures.

Operating leverage: 3.22× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue
+3.7%¥1.63T → ¥1.69T
Gross profit
+4.7%¥638.4B → ¥668.2B
Operating income
+11.9%¥146.6B → ¥164.1B
Net income attributable to owners
+11.4%¥107.8B → ¥120.1B
Operating cash flow
-0.9%¥201.6B → ¥199.7B
Free cash flow
-3.9%¥134.1B → ¥128.8B

Results at a glance

  • Revenue for the FY ending Dec 2025 was ¥1.69T, up +3.7% from ¥1.63T.
  • Profit grew much faster: operating income rose +11.9% to ¥164.1B and net income attributable to owners rose +11.4% to ¥120.1B.
  • Cash generation dipped slightly, with operating cash flow at ¥199.7B (-0.9%) and free cash flow at ¥128.8B (-3.9%).

What drove the change

  • Sales growth came mostly from higher prices rather than volume; in the Chemical Business, price increases passed on rising fat and oil costs
  • The cosmetics business swung from a loss to a profit after concentrating spending on its priority brands and trimming the rest
  • In Japan, an improved Attack laundry detergent and the premium hair care lines melt and THE ANSWER sold well, while Merries diapers lost ground to competitors in Asia and chemicals profit fell on weaker demand in some markets and raw material costs

Things to watch

  • Sharp swings in the price of natural fats, oils, and petroleum-based materials could cut into profit
  • Rising geopolitical tension where Kao sells or sources materials could disrupt supply chains or change how people shop
  • A cyberattack could halt internal systems or expose confidential and personal data

Annual Securities Report, 120th fiscal period (Jan–Dec 2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report, 120th fiscal period (Jan–Dec 2025) / 事業等のリスク

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

※ Segment revenues include inter-segment sales and are scaled to consolidated revenue

Where ¥100 of sales goes

For every ¥100 Kao sells, how much goes where, and how much is kept.

FY ending Dec 2025
Cost of sales
¥60
SG&A
¥30
Operating profit
¥10
Net profit kept
¥7

Annual margin trends

Gross margin39.6%
FY ending Dec 2020: 42.7%42.7%FY ending Dec 2021: 40.4%40.4%FY ending Dec 2022: 35.4%35.4%FY ending Dec 2023: 36.6%36.6%FY ending Dec 2024: 39.2%39.2%FY ending Dec 2025: 39.6%39.6%FY20FY21FY22FY23FY24FY25
Operating margin9.7%
FY ending Dec 2020: 12.7%12.7%FY ending Dec 2021: 10.1%10.1%FY ending Dec 2022: 7.1%7.1%FY ending Dec 2023: 3.9%3.9%FY ending Dec 2024: 9.0%9.0%FY ending Dec 2025: 9.7%9.7%FY20FY21FY22FY23FY24FY25
Net margin7.1%
FY ending Dec 2020: 9.1%9.1%FY ending Dec 2021: 7.7%7.7%FY ending Dec 2022: 5.5%5.5%FY ending Dec 2023: 2.9%2.9%FY ending Dec 2024: 6.6%6.6%FY ending Dec 2025: 7.1%7.1%FY20FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

  • EDINET (FSA Japan)

    有価証券報告書－第120期(2025/01/01－2025/12/31)

    ID S100XT6G2026-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第119期(2024/01/01－2024/12/31)

    ID S100VFNW2025-03-21Open

  • EDINET (FSA Japan)

    有価証券報告書－第118期(2023/01/01－2023/12/31)

    ID S100T2ZS2024-03-22Open

  • EDINET (FSA Japan)

    有価証券報告書－第117期(2022/01/01－2022/12/31)

    ID S100QFPL2023-03-24Open

  • EDINET (FSA Japan)

    有価証券報告書－第116期(令和3年1月1日－令和3年12月31日)

    ID S100NQCA2022-03-25Open

  • EDINET (FSA Japan)

    有価証券報告書－第115期(令和2年1月1日－令和2年12月31日)

    ID S100L0HB2021-03-26Open

Extracted from XBRL: 44 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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