Kao Corporation has been selected as the Grand Prix recipient of the 5th Corporate Value Improvement Award (FY2016) announced by the Tokyo Stock Exchange, Inc. (TSE).
The Corporate Value Improvement Award was founded in 2012 to spread and promote management aimed at enhancing corporate value which is deemed desirable by TSE from the perspective of a market provider. All listed companies on the TSE market (approx. 3,500 companies) are eligible for the award. The award is to honor listed companies with high corporate value and management practices deemed to contribute to the appeal of the TSE market, such as by improving corporate value through initiatives which consider capital cost and other investor concerns.
Kao received this award to acknowledge its management aimed at corporate value improvement incorporating EVA®, a concept used to measure true profit by factoring in the cost of invested capital. Continuous growth in EVA® is linked to increase corporate value, which means long-term profit not only for shareholders, but for all Kao Group stakeholders as well.
By achieving profitable growth while contributing to the sustainability of the world, the Kao Group will continue to work in unison to build its global presence.
Kao creates high-value-added products that enrich the lives of consumers around the world. Through its portfolio of over 20 leading brands such as Attack, Bioré, Goldwell, Jergens, John Frieda, Kanebo, Laurier, Merries and Molton Brown, Kao is part of the everyday lives of people in Asia, Oceania, North America and Europe. Combined with its chemical division, which contributes to a wide range of industries, Kao generates about 1,500 billion yen in annual sales. Kao employs about 35,000 people worldwide and has more than 120 years of history in innovation. Please visit the Kao Group website for updated information.