Kao Corp Ord (KAOCF) Q3 2024 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.136 Now please turn to page 5 of the materials. 00:00:05.004 -- 00:00:07.926 These are the key highlights. 00:00:08.513 -- 00:00:13.646 To summarize the first three quarters of the fiscal year, I can say that K-27 00:00:13.646 -- 00:00:16.729 has progressed as planned. 00:00:16.822 -- 00:00:22.348 The effects of the structural reforms, which were our major target for fiscal 2024, 00:00:22.348 -- 00:00:28.135 have become clear, and the competitive advantages of our core brands improved. 00:00:28.135 -- 00:00:33.662 By actively implementing capital efficiency improvement measures, ROIC improved by 4.9 00:00:33.662 -- 00:00:36.823 percentage points year-on-year. 00:00:37.346 -- 00:00:42.612 For structural reforms, we entrenched earning power improvement by shifting 00:00:42.612 -- 00:00:46.595 to manufacturing that enhances value 00:00:47.770 -- 00:00:53.599 Also, we have achieved revitalization through measures such as speeding up decision-making 00:00:53.599 -- 00:00:58.968 with scrum-type organization, and we have also seen the effects of career 00:00:58.968 -- 00:01:00.968 support. 00:01:03.395 -- 00:01:09.164 In our core brands, we are continuing to expand the trend of improving profit margins 00:01:09.164 -- 00:01:13.471 and increasing market share at the same time. 00:01:13.471 -- 00:01:18.778 One example of this is our entry into the premium hair care market in Japan, 00:01:18.778 -- 00:01:25.043 launching The Answer as the second new brand following Melt. 00:01:25.065 -- 00:01:28.047 It has made a good start. 00:01:28.109 -- 00:01:33.814 This can also be said to be the result of our Scrum-type organization. 00:01:34.617 -- 00:01:39.924 We also upgraded our marketing methods, including using DX to 00:01:39.924 -- 00:01:44.667 visu...