Kao Corp

4452: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kao Earnings: Pricing and Volume Growth Validate Restructuring Efforts; Shares Fairly Valued

Jonathan Pong

Aug 10, 2026

Kao delivered 9.4% revenue growth and 190 basis points of margin expansion year over year in the second quarter of fiscal 2026, driven by pricing, mix improvement, and foreign-exchange tailwinds. Management raised full-year revenue and operating income guidance.

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Kao Corp

Kao Earnings: Pricing and Volume Growth Validate Restructuring Efforts; Shares Fairly Valued

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