Kao Corporation (KAOCF) Q4 2024 Earnings Call Transcript

2025-02-07 11:42:55 ET

Kao Corporation (KAOCF)

Q4 2024 Earnings Conference Call

February 06, 2025 03:00 AM ET

Company Participants

Masakazu Negoro - Senior Managing Executive Officer

Yoshihiro Hasebe - President

Conference Call Participants

Presentation

Masakazu Negoro

I will talk about the results of 2024 and the forecast for 2025. There are a lot of materials today to cover, so it may take a little longer than 20 minutes. Please forgive me for that.

First, please take a look at Page 4. These are the key highlights. We have been monitoring the 3 points listed up here as key points throughout the year. In particular, the top 2 points contributed greatly.

In other words, the recovery of profits centered on the promotion of higher added value products and the improvement of brand loyalty and the improvement of competitiveness through cost reductions, while maintaining quality and performance, both represented by the reformed earning power and the structural reforms contributed significantly, and we were able to take a strong step towards achieving the K27 targets beyond expectations. I believe this reformed earning power will further advance Kao's strength of Yoki-Monozukuri.

In 2024, we worked on earnings power reform as part of our structural reforms. But from 2025 onwards, we will enter a new stage and will mainly focus on reformed earning power and make it a core engine that will accelerate global growth, while also sustainably increasing it....

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