Full Year 2019 Kao Corp Earnings Call Transcript
So now we would like to get started with the financial results briefing for the fiscal 2019. I'm Yamauchi, Senior Vice President of Accounting and Finance.
So please take a look at Page 4 of your presentation. Let me go through the figures first.
So please look at the middle portion. We achieved 10th consecutive fiscal year of increases in OP and seventh consecutive year of record high OP that fell short to forecast. So at the end of Q3, we held a brief meeting. And we thought we could do more than this, but -- so we managed to ensure the operating income.
Regarding the sales, it looks like to have declined, but for the like-for-like result, it increased by 0.7%, excluding FX impact. Excluding -- for the Consumer Product business, the like-for-like growth was 2.9%. The chemical, so the decline in the prices for natural fats and oils and affected by the economy, so Chemical Business decreased by 6.6%.
So overall, we saw the sluggish situation. But in reality, we saw
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