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Curél

2026-11-07 · Kao FY2025 results; Kao cosmetics segment briefing (Feb 2026)
CategorySensitive Skin
Founded1999
HeadquartersTokyo
ListingNot separately listed; parent Kao is listed on the Tokyo Stock Exchange (4452.T)
Latest revenueGroup FY2025 sales JPY 1,688.6bn, operating profit JPY 164.1bn
Hero SKUsMoisture Care Foam

Brand History

Curél was launched by Kao in 1999 for dry, sensitive skin, built on ceramide-functioning ingredients that mimic the skin's own lipids, organised into a three-step Moisture Care routine of cleanser, lotion and cream. Unlike brands that grow on marketing cycles, its line-up has barely changed in two decades, relying on drugstore repurchase in Japan.

China has been its main incremental market of the past decade. Priced around RMB 100 with a no-fragrance, no-colourant, weakly acidic claim, it secured stable positions in sensitive-skin creams and cleansing foam, then extended into lower-tier cities via cross-border e-commerce and Watsons after 2020. Kao's FY2025 results name Curél alongside KANEBO as core growth brands and cite expanded local production in China as a cost and supply improvement.

Hero Products

Moisture Care Cleansing FoamA pump-foam amino-acid wash and the brand's daily cleanser.
Moisture Care CreamCeramide-functioning face cream with strong winter repurchase among dry, sensitive skin.
Moisture Care LotionAn entry-level toner in light and moist versions, usually paired with the cream.
Moisture Care Body MilkThe face formula extended to body care, lower ticket but high frequency.

Three-Year Financials

YearRevenue (JPY bn)YoYNet profit (JPY bn)
20231,532.6-1.2%43.9
20241,628.4+6.3%107.8
20251,688.6+3.7%120.1
Scope:Group level (Kao Corporation, JPY)
Brand-level:Kao does not break out Curél sales, but names it among the six priority brands that grew 13% combined in 2025 and drove the cosmetics segment back to profit.
Source:Kao FY2025 results; Kao cosmetics segment briefing (Feb 2026)

Company Coverage

EDITOR'S NOTE

Editor's note: Curél's playbook has worked in Japan for two decades — no hero launches, just repeatable basics. That logic is being tested in China, where domestic brands sell ceramide creams at RMB 79 and stretch 'sensitive skin' across every category. Formula trust and drugstore distribution protect share, but the brand must answer a harder question: once the ingredient is no longer scarce, where does the premium come from?

CleanserSensitive Skin