TOKYO — Kao Corp. saw its nine-month net profit slide and cut its full-year earnings forecast, citing a change in tax policy.
Kao said Monday its net income for the nine months ended Dec. 31 fell 3.6 percent on the year to 49.38 billion yen, or $635.1 million at an exchange rate provided by the company. The company blamed the drop on the rising cost of raw materials.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
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?"