Morningstar - Unicharm Corporation (8113) Unicharm Beat Interim Guidance as Expected; Rising Input Costs Likely to Dampen 2H Growth

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Morningstar

Shanshan Wei, CFA

EUR 100.00 For Business Accounts Only

Unicharm Beat Interim Guidance as Expected; Rising Input Costs Likely to Dampen 2H Growth

Narrow-moat Unicharm beat its first-half guidance as expected with sales up 5.8% and core operating profits (gross profits - SG&A) up 12% during the second quarter. A strong rebound in operating margins of Asia personal care led the group's growth thanks to rigorous control of marketing spend including promotions, in addition to a solid top line growth. Despite the positive results, management has maintained its full-year guidance because a surge in petrochemical-based raw materials is likel...

06/08/2018 13 EN

Underlying

Unicharm Corporation

Unicharm is mainly engaged in the manufacture and sale of baby and child care products, feminine care products, and pet care products. Co. operates in three business segments: Personal Care, Pet Care and Others. Co.'s principal products include baby and child care related products such as disposable diapers; feminine care related products such as sanitary napkins, tampons, sanitary shorts, and panty liners; healthcare related products such as napkin-type incontinence pads, pants-type diapers (outer), tape-type diapers (outer), pants-type specialized urine pads (inner), pet food, pet toiletry products, and industrial material related products.

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JP3951600000 Japan

Provider

Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

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Analysts

Shanshan Wei, CFA

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Unicharm Beat Interim Guidance as Expected; Rising Input Costs Likely to Dampen 2H Growth

UNI CHARM sees an upgrade to Slightly Positive due to a better fundamental star rating

Monthly LMI Update Independent Investment Research

Vermilion Int'l Compass: Global Equity Strategy

Business as Usual for No-Moat Lonza; Specialty Ingredients Carve-Out on Track for 2020

Sasol Provides Full-Year Production Update

Sasol Provides Full-Year Production Update

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