Kao Corporation announced that its Board of Directors resolved to make changes of members of the Board of Directors and Audit & Supervisory Board Members as of March 21, 2017, at the meeting of the Board of Directors held on the date hereof. These changes will be officially decided by relevant resolutions at the company’s Annual General Meeting of Shareholders, which is scheduled to be held on March 21, 2017, and the Audit & Supervisory Board meeting to follow immediately thereafter. The company nominates: Yukio Nagira, Representative Director, Chairman, Nitto Denko Corporation to the Board of Directors and Katsuya Fujii, Vice President, Treasury, Global, Kao Corporation and Hideki Amano, Certified Public Accountant to the Audit & Supervisory Board Members. The company announced that Toru Nagashima, Outside Director, Kao Corporation; Senior Advisor, Teijin Limited will retire from the Board of Directors and Shoji Kobayashi, Full-time Audit & Supervisory Board Member, Kao Corporation and Norio Igarashi, Outside Audit & Supervisory Board Member, Kao Corporation; Certified Public Accountant will retire as Audit & Supervisory Board Members.
Kao Corporation specializes in manufacturing and marketing of consumer products. Net sales (including intragroup) break down by family of products as follows:
- care and beauty products (44.4%): body care products (soap, shower products), face care (brand Bioré) and hair care (shampoo, colorants, etc.; Asience, Liese, Curél and Essential);
- house cleaning and laundry care products (22.7%): detergents (brand Attack), dishwashing liquids, cleaners, stain removers, etc.;
- chemical products (21.6%): oleo chemical products (fat alcohols, fat amines, fat acids, etc.), inks, colorants, surfactants, etc. ;
- hygiene products (11.3%): feminine protection products (brand Laurier), diapers (Merries), oral hygiene products, etc. The group is also providing food products.
Net sales break down geographically as follows: Japan (58%), Asia (22%), America (10.5%) and Europe (9.5%).