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Kao Posts 4.6% Profit Growth in 2003, a 23rd Consecutive Record

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By: TOM BRANNA

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Kao Corp, Tokyo, scored its sixth straight year of record net profit thanks to strong sales of new products and forecast group net profit would rise 10% to 72 billion yen next year, according to executives for the year ended March 31.Solid demand for its products such as Healthya diet green tea and Asience shampoos plus contributions from its overseas unit helped offset falling prices in its mainstay toiletry products at home, president Takuya Goto said. “We faced intense competition in ou...

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