The Japanese consumer goods firm posted a 45.3% rise in operating profit to ¥44.90B on stronger sales.
Kao reported first-quarter net sales of ¥413.22 billion, exceeding the ¥410.69 billion estimate. GAAP earnings per share reached ¥68.53 for the period.
Operating profit from core activities surged 45.3% year-on-year to ¥44.90 billion. The company’s net worth stood at ¥1,085.67 billion, accounting for 58.2% of total assets.
The results reflect improved demand in Kao’s core consumer and chemical segments.