Manufacturing Industry
Skin care goes well for Kao. (Kao Corp.)
Cosmetics International, May, 1989
Skin Care Goes Well For Kao As briefly reported in C.I. Issue No. 292, Kao, Japan's leading soap producer, produced strong growth in the six months ended 30th September 1988. Net sales were up by 6.3 per cent from Yen 236.5 billion to Yen 251.4 billion (US$1,876 million) with net income increasing by 14 per cent from Yen 6.22 billion to Yen 7.11 billion (US$53.1 million).
Kao's management said that during the first half year domestic demand led to continuing economic expansion in Japan. Personal consumption was vigorous and private-sector capital spending displayed strong fundamental momentum as interest rates remained low and prices were steady. The United States and West European nations also registered economic growth, but as Japan's trading partners they...
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