Due to the financial results for the first half of this year of major daily necessities manufacturers, the final profit of two out of three companies decreased by more than 20% from the same period of the previous year due to soaring raw material prices.
Each company plans to raise prices further in the second half of this year in order to secure profits.
The financial results for the entire group for the first half of the year until June of Kao, Unicharm, and Lion, which are major daily necessities, were completed by the 8th.
According to this, the sales of the three companies exceeded the same period of the previous year due to the increase in the price of some products and the increase in overseas sales such as Southeast Asia.
On the other hand, net profit decreased by 26% for Kao and 20% for Unicharm compared to the same period last year.
This was mainly due to rising raw material prices and distribution costs, which inflated costs.
In addition, Lion's net profit increased by 2% from the previous year due to gains on the sale of land of a subsidiary, etc., but profits declined in the main daily necessities business.
In order to secure profits, each company plans to further raise prices in the second half of this year, and is considering expanding the items subject to price increases, including product renewal, and changing the amount of content.
Kao's president Yoshihiro Hasebe said at an online press conference, "Although we have been working to cut costs, the sharp rise in raw material prices is extremely difficult, and we will consider further strategic price increases, including some cosmetics. I want to go,' he said.