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  "documentTitle": "Kao Corporation (4452.JP)",
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      "text": "In K20 (announced in 2017), Kao aimed for JPY 1tn from overseas sales by 2030. This target is not possible at this rate...",
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      "text": "Global FMCG companies should achieve this level of growth just through annual pricing adjustments alone.",
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      "text": "As Kao's target for overseas sales includes Chemicals, Oasis estimates the underlying foreign sales target for Consumer Products is just JPY 500bn. Factoring in the acquisition of Bondi Sands, Kao requires a CAGR of just 2.5% to meet the target.",
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      "text": "They need more aggressive targets in both growth and profitability — Analyst, Domestic Asset Manager, Via Investor Survey Commissioned by Oasis, 2024",
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      "kind": "title",
      "text": "K27 Targets Already Lag Peers",
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