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  "notes": "The slide highlights Kao's underperformance in global market penetration compared to peers like Beiersdorf, L'Oréal, and Kenvue.",
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      "text": "出典：販売国の数は、各社届出書類・IR資料、ブランドサイト、開示資料を用いたオアシスの推定に基づく",
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      "text": "3. 不十分な流通網",
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