Africans on average have higher levels of testosterone than other races, and testosterone, being an androgen (male hormone), affects the physical attractiveness of men and women differently. Men with higher levels of testosterone have more masculine features and are therefore more physically attractive. In contrast, women with higher levels of testosterone also have more masculine features and are therefore less physically attractive. The race differences in the level of testosterone can therefore potentially explain why black women are less physically attractive than women of other races, while (net of intelligence) black men are more physically attractive than men of other races.
Yep, it must be the testosterone! It can't possibly be that we live in a culture where black beauty was demonized and dehumanized for hundreds of years. Nope, black women are just too much like men! Exactly.
For further reading on Kanazawa's doctorate in douchebaggery, see: "Why modern feminism is illogical, unnecessary, and evil" and "Why We Are Losing This War", where he suggests nuclear genocide as a response to 9/11.