• Unicharm average return on tangible equity for 2024 was 11.94, a 12.59% decline from 2023.
• Unicharm average return on tangible equity for 2023 was 13.66, a 4.21% decline from 2022.
• Unicharm average return on tangible equity for 2022 was 14.26, a 4.81% decline from 2021.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.