By  on April 26, 2011

TOKYO — Kao Corporation said Tuesday that its net income for the year ended March 31 grew at a double-digit pace despite recording an extraordinary loss related to last month's massive earthquake and tsunami in Japan.

Kao, which owns beauty firm Kanebo, said net profit rose 15.4 percent to 46.74 billion yen, or $562.1 million at an exchange rate provided by the company. Operating income rose 11.2 percent to 104.59 billion yen, or $1.26 billion.

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