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  "documentTitle": "Kao Corporation (4452.JP)",
  "authorId": "25_Oasis_Management",
  "authorName": "Oasis",
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  "presentationDate": "2024-04-25 00:00:00",
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  "notes": "Uses a bubble-style comparison to illustrate the revenue gap between Oribe and its peers.",
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      "text": "ORIBE has great runaway for growth",
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      "text": "Revenue comparison bubbles for Oribe ($160m), Milbon ($344m), and Kérastase ($1,000m)",
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      "text": "Growing, high-margin U.S. hair salon products range; Huge international potential to grow with better marketing and expansion of current global presence",
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      "text": "Revenue 2022 (USDm): $1,000",
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      "text": "Source: Oasis calculations for Oribe revenue based on interview with Kao former executives, and Company disclosure. Milbon data from Bloomberg and Kerastase figures from Euromonitor data.",
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      "text": "5. Untapped Potential – Oribe",
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      "text": "Kao’s Prestige Haircare Opportunity",
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