Unicharm Corp
8113: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|hy$ | LOCK|Kc | LOCK|l^SbNS$ |
Unicharm Earnings: Margin Recovery Delayed, Not Derailed; Shares Still Attractive
Unicharm reported third-quarter revenue growth of 5.3%, driven by price increases in Japan and strong 20% growth in its pet care segment. Conversely, operating margins declined to 10.1% from 12.9% as logistics and freight spending increased alongside promotion and marketing spending.
