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Makes disposable diapers, feminine hygiene products and pet care items sold across Japan and emerging Asia.
Makes disposable diapers, feminine hygiene products and pet care items sold across Japan and emerging Asia.
Sells branded disposables through retailers and distributors, and has moved well beyond Japan: overseas sales, mainly in Asia, now make up more than half of the total. Diapers drive growth in emerging markets, while Japan, with fewer births, depends more on feminine care and products for older adults.
In one line: A smaller, Asia-focused Kimberly-Clark.
Moat: narrow (brand, distribution, scale). Strong Asia-wide diaper/hygiene brand distribution, but faces P&G/Kao competition and private-label pressure.
Headquarters: Tokyo, Japan · Founded: 1961 · Employees: 16,542
Size Unicharm (8113.T) is a Japan Consumer Staples company (Household/Personal Care) with a market value of $12.1B, the 117th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,046 on 6 Nov 2026.
Performance Over six months the shares gained 14.7%, against +16.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 0.3% over the last twelve months (peer median +7.5%); the operating margin is 12.1% (peer median 14.6%).
Valuation It trades at 24.5× forward earnings against a peer median of 24.4× (10th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.7 points above its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥968B | ¥945B | ¥989B | ¥942B | ¥898B |
| Revenue growth | — | -4% | +5% | +5% | — |
| Gross profit | ¥374B | ¥356B | ¥376B | ¥340B | ¥318B |
| EBITDA | ¥164B | ¥157B | ¥185B | ¥171B | ¥161B |
| Net income | ¥64.4B | ¥65.2B | ¥81.8B | ¥86.1B | ¥67.6B |
| Free cash flow | ¥109B | ¥103B | ¥97.8B | ¥124B | ¥59.3B |
| Capital expenditure | ¥25.0B | ¥28.6B | ¥39.3B | ¥38.4B | ¥33.0B |
| Total debt | ¥13.3B | ¥43.7B | ¥61.8B | ¥61.3B | ¥57.1B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Unicharm 8113.T | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% |
| Kao 4452.T | $21.8B | +33% | +6% | 10% | 24.4× | 1.5% |
| Procter & Gamble PG | $383B | +13% | +4% | 24% | 23.4× | -0.3% |
| Kimberly-Clark KMB | $66.5B | +12% | -12% | 14% | 15.3× | 4.1% |
| Daio Paper 3880.T | $1.03B | +3% | +1% | 4% | 15.6× | 3.7% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8113.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.9% | +9.8% | 7th highest of 21 |
| 6-month return | +14.7% | +16.2% | 10th lowest of 21 |
| Distance from 52-week high | -5.2% | -10.2% | 8th highest of 21 |
| Revenue growth (TTM) | +0.3% | +7.5% | 4th lowest of 21 |
| Operating margin | 12.1% | 14.6% | 7th lowest of 21 |
| Forward P/E | 24.5× | 24.4× | 10th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -2.0% | 4.7% | 5th least demanding of 20 |
| Growth delivered (Del g) | +5.4% | +6.6% | 10th lowest of 20 |
| Hurdle (Req g minus delivered) | -7.4 pp | -2.6 pp | 8th least demanding of 20 |
| ROIC minus cost of capital | +5.7 pp | +5.4 pp | 10th highest of 20 |
| EV / EBITDA | 10.8× | 15.9× | 5th cheapest of 18 |
| Net debt / EBITDA | -1.5× | 0.2× | 3rd least indebted of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Unicharm 8113.T | Japan | $12.1B | +15% | 0% | 12% | 24.5× | -2.0% | +5.4% |
| Clorox CLX | United States | $12.1B | +8% | +6% | 14% | 17.4× | 2.7% | -1.8% |
| Marico MARICO.NS | India | $12.3B | +8% | +20% | 16% | 51.8× | 28.0% | +11.1% |
| Puig Brands PUIG.MC | Spain | $12.5B | +16% | +4% | 16% | 17.9× | -3.0% | +11.7% |
| Shiseido 4911.T | Japan | $9.52B | +20% | +5% | 4% | 32.8× | 17.5% | +1.0% |
| Godrej Consumer Products GODREJCP.NS | India | $9.19B | -18% | +12% | 18% | 37.0× | 31.7% | +6.6% |
| Essity ESSITY-A.ST | Sweden | $19.9B | +17% | -2% | 12% | 15.4× | -3.3% | +2.6% |
| Beiersdorf BEI.DE | Germany | $20.4B | +21% | -2% | 12% | 22.6× | -2.3% | +7.0% |
| Dabur India DABUR.NS | India | $7.13B | -19% | +9% | 15% | 32.1× | 27.3% | +6.6% |
| APR 278470.KS | South Korea | $7.04B | -40% | +119% | 23% | 17.4× | -1.4% | +47.3% |
| e.l.f. Beauty ELF | United States | $6.85B | +91% | +31% | 12% | 35.4× | 27.9% | +38.8% |
| Kao 4452.T | Japan | $21.8B | +33% | +6% | 10% | 24.4× | 1.5% | +4.1% |
| Amorepacific 090430.KS | South Korea | $6.03B | -1% | +10% | 9% | 23.8× | 4.0% | -0.8% |
| Church & Dwight CHD | United States | $25.8B | +17% | +2% | 18% | 27.4× | 6.9% | +4.8% |
| Reynolds Consumer Products REYN | United States | $5.08B | +10% | +2% | 14% | 14.6× | -0.2% | +2.7% |
| DSM-Firmenich DSFIR.AS | Netherlands | $29.5B | +62% | -45% | 8% | 30.1× | 24.3% | +2.5% |
| Mao Geping Cosmetics 1318.HK | Hong Kong | $4.92B | -28% | +32% | 31% | 15.0× | 4.7% | +41.1% |
| Cupid CUPID.NS | India | $4.83B | +158% | +122% | 34% | n/a | n/a | n/a |
| Colgate-Palmolive (India) COLPAL.NS | India | $4.83B | -23% | +9% | 28% | 32.2× | 30.8% | +4.5% |
| Interparfums IPAR | United States | $4.34B | +43% | +3% | 17% | 29.0× | 10.9% | +22.5% |
| Rohto Pharmaceutical 4527.T | Japan | $3.97B | +17% | +10% | 12% | 16.7× | -2.1% | +13.7% |