TOKYO—Slumping demand for personal care products and cosmetics bit into Kao Corp.'s results for the year ended March 31.
Net profit dropped 3.2 percent to 64.5 billion yen, or $645 million while sales declined 3.2 percent to 1.28 trillion yen, or $12.8 billion, as business in western countries slowed and the yen appreciated. Those numbers contrast sharply with October's guidance, predicting a 3.7 percent jump in net profit and sales growth of 0.9 percent.
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?"