By  on April 24, 2009

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.

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