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  "documentTitle": "Kao Corporation (4452.JP)",
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  "presentationDate": "2025-02-26 00:00:00",
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      "text": "revenue exposure to home market: 64.6%",
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      "text": "Like Unicharm, most global peers generate between 20-35% of revenue in their home market making them less prone to local revenue shocks. Unlike Unicharm, Kao has NOT sought to leverage its strong brand portfolio or invested adequately in its overseas operations. As a result, nearly 2/3 of its Consumer Products revenue comes from Japan.",
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      "text": "LACK of Geographic Diversification",
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      "text": "Kao's Consumer Products Business Has Not Been Fully Internationalised",
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