Business activities were substantially impacted by the Covid-19 pandemic. In the Consumer Products Business, sales decreased 9.6% compared with the same period a year earlier to 834.8 billion yen. On a like-for-like basis, sales decreased 6.4%. Sales of hygiene-related products grew as the Kao Group raised its supply capacity in Japan along with the increase in demand, but sales of the Cosmetics Business decreased. Although the market has been gradually recovering, there is no telling for certain when the Covid-19 pandemic will subside, and the uncertain business environment is expected to continue.
For the full report on the financial results, visit: https://www.kao.com/global/en/news/business-finance/2020/20201028-001/