• Unicharm average operating margin for 2023 was 15.33%, a 1.12% decline from 2022.
• Unicharm average operating margin for 2022 was 15.16%, a 1.24% increase from 2021.
• Unicharm average operating margin for 2021 was 15.35%, a 7.57% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.