Kao Corp Ord (KAOCF) Q4 2024 Earnings Call

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WEBVTT 00:00:01.077 -- 00:00:04.040 I will talk about the results of 2024 00:00:04.040 -- 00:00:07.183 and the forecast for 2025. There 00:00:07.183 -- 00:00:13.249 are a lot of materials today to cover, so it may take a little longer than 20 minutes. 00:00:13.249 -- 00:00:18.254 Please forgive me for that. First, please take a look at page four. 00:00:18.254 -- 00:00:21.657 These are the key highlights. 00:00:21.657 -- 00:00:26.922 We have been monitoring the three points listed up here as key points throughout 00:00:26.922 -- 00:00:29.064 the year. 00:00:29.064 -- 00:00:33.128 In particular, the top two points contributed greatly. 00:00:33.128 -- 00:00:35.128 In 00:00:35.771 -- 00:00:40.817 other words, the recovery of profits centered on the promotion 00:00:40.817 -- 00:00:46.404 of higher added value products and the improvement of brand loyalty 00:00:46.404 -- 00:00:52.031 and the improvement of competitiveness through cost reductions while maintaining quality 00:00:52.031 -- 00:00:57.397 and performance, both represented by the reformed earning power under structural 00:00:57.397 -- 00:01:00.839 reforms, contributed significantly, 00:01:00.839 -- 00:01:06.127 and we were able to take a strong step towards achieving the K27 targets 00:01:06.127 -- 00:01:08.370 beyond expectations. 00:01:08.370 -- 00:01:14.139 I believe this reformed earning power will further advance parallel strengths 00:01:14.139 -- 00:01:17.381 of YOKI Monozukuri. 00:01:19.727 -- 00:01:21.848 In 2024, 00:01:22.071 -- 00:01:26.785 we worked on earnings power reform as part of our structural reforms. 00:01:26.785 -- 00:01:31.873 But from 2025 onwards, we will enter a new stage 00:01:31.873 -- 00:01:37.200 and will mainly focus on reformed earning power and make it a core engine 00:01:37.200 -- ...