Kao Corporation (TYO: 4452)

Kao Corporation Income Statement

Financials in millions JPY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,596,707	1,532,579	1,551,059	1,418,768	1,381,997	1,502,241
Revenue Growth (YoY)	3.06%	-1.19%	9.32%	2.66%	-8.00%	-0.38%
Cost of Revenue	984,875	972,152	1,002,717	845,574	791,304	848,723
Gross Profit	611,832	560,427	548,342	573,194	590,693	653,518
Selling, General & Admin	489,817	376,376	353,805	341,864	330,099	357,044
Research & Development	-	62,575	60,601	58,993	58,509	59,143
Other Operating Expenses	11,630	-6,553	-6,297	-6,594	-4,043	-5,469
Operating Expenses	501,447	460,217	434,613	420,451	411,783	437,443
Operating Income	110,385	100,210	113,729	152,743	178,910	216,075
Interest Expense	-4,469	-3,385	-2,354	-2,487	-3,090	-3,667
Interest & Investment Income	4,234	3,621	2,227	1,358	1,593	1,912
Earnings From Equity Investments	3,126	2,387	2,545	2,620	2,536	2,126
Currency Exchange Gain (Loss)	-	1,032	3,278	4,991	-2,624	-1,521
Other Non Operating Income (Expenses)	-	152	81	10	-7	72
EBT Excluding Unusual Items	113,276	104,017	119,506	159,235	177,318	214,997
Merger & Restructuring Charges	-	-13,576	-	-	-	-752
Gain (Loss) on Sale of Assets	-	-4,896	-3,624	-4,680	-3,347	-3,600
Asset Writedown	-	-21,703	-34	-4,553	-	-
Pretax Income	113,276	63,842	115,848	150,002	173,971	210,645
Income Tax Expense	28,748	17,685	28,106	38,587	45,904	60,296
Earnings From Continuing Operations	84,528	46,157	87,742	111,415	128,067	150,349
Minority Interest in Earnings	-2,173	-2,287	-1,704	-1,779	-1,925	-2,136
Net Income	82,355	43,870	86,038	109,636	126,142	148,213
Net Income to Common	82,355	43,870	86,038	109,636	126,142	148,213
Net Income Growth	36.67%	-49.01%	-21.52%	-13.09%	-14.89%	-3.57%
Shares Outstanding (Basic)	465	465	469	475	481	483
Shares Outstanding (Diluted)	465	465	469	476	481	483
Shares Change (YoY)	-0.03%	-0.98%	-1.27%	-1.14%	-0.49%	-1.21%
EPS (Basic)	177.21	94.37	183.28	230.59	262.29	306.70
EPS (Diluted)	177.21	94.37	183.27	230.57	262.25	306.63
EPS Growth	36.71%	-48.51%	-20.51%	-12.08%	-14.47%	-2.38%
Free Cash Flow	159,772	148,315	65,385	115,573	155,322	160,564
Free Cash Flow Per Share	343.80	319.06	139.28	243.06	322.92	332.19
Dividend Per Share	151.000	150.000	148.000	144.000	140.000	130.000
Dividend Growth	1.34%	1.35%	2.78%	2.86%	7.69%	8.33%
Gross Margin	38.32%	36.57%	35.35%	40.40%	42.74%	43.50%
Operating Margin	6.91%	6.54%	7.33%	10.77%	12.95%	14.38%
Profit Margin	5.16%	2.86%	5.55%	7.73%	9.13%	9.87%
Free Cash Flow Margin	10.01%	9.68%	4.22%	8.15%	11.24%	10.69%
EBITDA	199,399	189,805	203,467	240,084	264,990	299,444
EBITDA Margin	12.49%	12.38%	13.12%	16.92%	19.17%	19.93%
D&A For EBITDA	89,014	89,595	89,738	87,341	86,080	83,369
EBIT	110,385	100,210	113,729	152,743	178,910	216,075
EBIT Margin	6.91%	6.54%	7.33%	10.77%	12.95%	14.38%
Effective Tax Rate	25.38%	27.70%	24.26%	25.72%	26.39%	28.62%
Advertising Expenses	-	127,115	121,704	121,951	117,527	134,488

Source: S&P Capital IQ. Standard template. Financial Sources.