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Earnings Call Summary | KAO CORP(KAOCF.US) Q1 2024 Earnings Conference
The following is a summary of the Kao Corporation (KAOCF) Q1 2024 Earnings Call Transcript:Financial Performance:Kao Corporation's Q1 2024 net sales increased by 5.2% to ¥365.8 billion, while, without
Kao Corporation Reports Q1 Results
Kao Corp 1Q Net Y16.47B Vs Net Y4.82B
Kao Corp. (4452.TO) Tokyo 1st Quarter Ended March 31 GROUP 2024 2023 Revenue Y365.80 bln Y347.79 bln Operating Profit Y21.98 bln Y7.2
Signia---Kao's official online shop introduces “ZETA SEARCH”
Signia <6031> announced on the 23rd that the EC product search and site search engine “ZETA SEARCH” provided by ZETA, which is a subsidiary, has been introduced to the official online shop “My Kao Mall” operated by Kao. ZETA realizes comprehensive commerce marketing such as EC product search, reviews, hashtags, EC curation, OMO recommendations, retail media advertisements, DMP, etc.
Kao temporarily announced a decline of over 2% and voluntary recall of cosmetics products
Kao was sold backstage, and there was a scene where it was a drop of more than 2% compared to the previous day. At 1:00 p.m., it was announced that the group company Kanebo Cosmetics will voluntarily collect some products of “Kate the Eye Color (marble ink)” sold in January. Prior to the announcement, it was reported that Kao would announce voluntary recall of the product at 1:00 p.m. on this day, and they were pushed by sales that disgusted the sense of uncertainty. After the company made the announcement, buybacks began, and stock prices picked up.
Birdman --- continues to grow drastically, and a boy group belonging to Kao's “SPOT JELLY Navel Sesame Pack” advertisement is used
Continued significant growth. It has been announced that the K-pop boy group “Celest1a” belonging to the company will be used for advertisement promotion for Kao <4452>'s “SPOT JELLY Navel Sesame Pack”. They are scheduled to appear in a web commercial that will be distributed from the 22nd. It is said that members will be shown experiencing everyday lessons and products. A belly button sesame pack is a product that removes dirt and odor stains by pouring a jelly-like packing agent into the navel.
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