• Bloomberg


Kao Corp., the country’s largest maker of personal-care products, said Wednesday its nine-month profit fell 7 percent as higher raw materials costs cut earnings from its soaps, shampoos and detergents.

Net income was ¥53.7 billion in the nine months to Dec. 31, down from ¥57.7 billion posted during the same period the previous year, the company said in a statement to the Tokyo Stock Exchange. Sales rose 7.3 percent to ¥1 trillion.

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