KAOOY - Kao Corporation (KAOCF) Q4 2023 Earnings Call Transcript
2024-02-09 01:52:09 ET
Kao Corporation (KAOCF)
Q4 2023 Earnings Conference Call
February 7, 2024 03:00 ET
Company Participants
Yoshihiro Hasebe - President
Masakazu Negoro - Senior Managing Executive Officer
Presentation
Yoshihiro Hasebe
I am Yoshihiro Hasebe, President of Kao. Thank you very much for joining us today for Kao’s Earnings Announcement for the Fiscal Year ending December 31, 2023.
Before I begin, I would like to express my deepest sympathies to the people of Noto Peninsula and all of the Ishikawa Prefecture, who are affected by the recent Noto earthquake. Kao is also providing ongoing support by supplying mainly daily necessities and – which is for soonest recovery possible.
Let me first explain about key highlights. We have implemented various initiatives to strengthen our business in 2023. This will lead to achieving global growth and improving ROIC, two key management indices that we introduced this year. We made significant progress in our business portfolio initiatives, completing structural reforms roughly on schedule. For example, we have carried out a decisive reorganization of our baby diaper business and concluded transfer agreements for tea-catechin beverage, Healthya and cat litter box system, Nyantomo Clean Toilet, both of which we had maintained as plans for more than 20 years. These actions demonstrate our commitment to strengthening our portfolio....
Kao Corporation (KAOCF) Q4 2023 Earnings Call Transcript