Q1 2023 Kao Corp Earnings Presentation Transcript

May 10, 2023 / NTS GMT
Presentation
May 10, 2023 / NTS GMT

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Corporate Participants
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* Masakazu Negoro
Kao Corporation - Senior Managing Executive Officer, Senior VP of Global Procurement & Director

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Masakazu Negoro - Kao Corporation - Senior Managing Executive Officer, Senior VP of Global Procurement & Director

Please look at the slides and turn to Page 5, which is the highlights of consolidated financial results. Net sales grew by 0.3% and was JPY 347.8 billion. Excluding the effect of currency translation, this is a 3.8% like-for-like reduction. Operating income was JPY 7.3 billion, which is a reduction of 68.3% year-on-year. Operating margin was 2.1%. Net income attributable to owners of the parent was JPY 4.8 billion, which is a year-on-year decline of 73.6%. Basic earnings per share was JPY 10.36, which is a reduction of 73.1% year-on-year.

Now please turn to Page 6, key points of Q1 results. Looking back on the first quarter, operating income declined significantly from the previous year. In the

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