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  "documentTitle": "Kao Corporation (4452.JP)",
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  "notes": "Uses quotes from analysts and market data to frame management as ineffective.",
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      "text": "See here for the Investor Survey carried out by an independent party for Oasis",
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      "text": "Half-way into its term, Kao announced that it was abandoning K25, during which Kao’s share price declined by nearly half.",
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      "text": "share price performance: 45.2%",
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      "text": "K25 – Lacking Detail. Announced in December 2020, K25 was criticized for lacking detail. It contained just two financial targets - Net Sales and Operating Income. Kao announced that it was abandoning K25, during which Kao’s share price declined by nearly half.",
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      "text": "K27 – Lacking a Growth Story. Introduced in August 2023, K27 received a muted reception from investors, failing to convince the market that Kao was committed to growth.",
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      "text": "Kao has not been able to present a concrete action plan for its global expansion",
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      "text": "Killer Strengths, Just Needs a Killer Growth Strategy — SMBC日興証券, October 03, 2023; Kao has not been able to present a concrete action plan for its global expansion — Analyst, Foreign Asset Manager, Via Investor Survey Commissioned by Oasis, 2024; The plan is underwhelming — Analyst, Domestic Asset Manager, Via Investor Survey Commissioned by Oasis, 2024",
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