TOKYO — Impacted by rising fuel and raw material costs — plus greater marketing expenses than in its prior fiscal year — Kao Corp.'s profits fell 5.6 percent to 66.56 billion yen, or $664.3 million at average exchange, in the 12 months ended March 31.
Sales increased 7 percent to 1.32 trillion yen, or $13.16 billion, the Tokyo-based firm announced Wednesday. According to the company, its revenues were driven by a solid performance in each business segment — beauty care, health care, fabric and home care, plus chemicals. Sales growth was also boosted by the consolidation of Kanebo Cosmetics, which Kao acquired in 2006, for one month longer than in its previous fiscal year.
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