TOKYO — Kao Corp. said Wednesday that its nine-month net profit fell slightly on costs related to a recent product recall at its Kanebo unit but operating profit and sales grew for the period.
Kao said net profit for the nine months ended Sept. 30 fell 0.5 percent to 39.55 billion yen, or $409.76 million at average exchange rates for the period, compared with restated results for the same period a year earlier. The company recently changed its fiscal year end from March 31 to December 31.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"