Unicharm Corp

8113: XTKS (JPN)

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Unicharm Earnings: Sales and Margin Recovery in Asia Drove Profit Growth; Valuation Retained

Jacky Tsang

May 12, 2026

Unicharm's first-quarter revenue and operating profit rose by 3% and 9% year on year, respectively, driven by margin recovery in Asia. Waning impact from reputational damage in China and alleviated price competition in Indonesia supported profitability in Asia.

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Unicharm Corp

Unicharm Earnings: Sales and Margin Recovery in Asia Drove Profit Growth; Valuation Retained

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