Reported Earnings • May 18
First quarter 2026 earnings: EPS and revenues miss analyst expectations First quarter 2026 results: EPS: JP¥7.46 (down from JP¥92.74 in 1Q 2025). Revenue: JP¥78.3b (flat on 1Q 2025). Net income: JP¥426.0m (down 92% from 1Q 2025). Profit margin: 0.5% (down from 6.7% in 1Q 2025). Revenue missed analyst estimates by 2.7%. Earnings per share (EPS) also missed analyst estimates by 90%. Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 32% per year whereas the company’s share price has fallen by 30% per year. Announcement • May 10
KOSE Holdings Corporation to Report Q3, 2026 Results on Nov 10, 2026 KOSE Holdings Corporation announced that they will report Q3, 2026 results on Nov 10, 2026 Announcement • May 09
KOSE Holdings Corporation to Report Q2, 2026 Results on Aug 06, 2026 KOSE Holdings Corporation announced that they will report Q2, 2026 results at 9:00 AM, Tokyo Standard Time on Aug 06, 2026 Buy Or Sell Opportunity • Apr 14
Now 20% undervalued Over the last 90 days, the stock has risen 11% to JP¥5,785. The fair value is estimated to be JP¥7,256, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.0% over the last 3 years. Earnings per share has declined by 36%. For the next 3 years, revenue is forecast to grow by 3.7% per annum. Earnings are also forecast to grow by 6.4% per annum over the same time period. Declared Dividend • Apr 11
Final dividend of JP¥70.00 announced Dividend of JP¥70.00 is the same as last year. Ex-date: 29th June 2026 Payment date: 10th September 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is covered by earnings (53% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Mar 29
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥265 (up from JP¥132 in FY 2024). Revenue: JP¥330.2b (up 2.3% from FY 2024). Net income: JP¥15.1b (up 101% from FY 2024). Profit margin: 4.6% (up from 2.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Announcement • Feb 20
KOSE Holdings Corporation to Report Q1, 2026 Results on May 14, 2026 KOSE Holdings Corporation announced that they will report Q1, 2026 results on May 14, 2026 Reported Earnings • Feb 14
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥265 (up from JP¥132 in FY 2024). Revenue: JP¥330.2b (up 2.3% from FY 2024). Net income: JP¥15.1b (up 101% from FY 2024). Profit margin: 4.6% (up from 2.3% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 27% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 31 March 2026. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Announcement • Dec 03
KOSÉ Corporation to Report Fiscal Year 2025 Results on Feb 12, 2026 KOSÉ Corporation announced that they will report fiscal year 2025 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥5,076, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 25x in the Personal Products industry in Japan. Total loss to shareholders of 64% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥8,754 per share. Reported Earnings • Nov 12
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: JP¥40.14 (up from JP¥38.52 loss in 3Q 2024). Revenue: JP¥80.0b (flat on 3Q 2024). Net income: JP¥2.29b (up JP¥4.49b from 3Q 2024). Profit margin: 2.9% (up from net loss in 3Q 2024). Revenue missed analyst estimates by 3.3%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 30% per year, which means it has not declined as severely as earnings. New Risk • Nov 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 267% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Declared Dividend • Sep 11
First half dividend of JP¥70.00 announced Dividend of JP¥70.00 is the same as last year. Ex-date: 29th December 2025 Payment date: 31st March 2026 Dividend yield will be 2.4%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (267% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 196% to bring the payout ratio under control. EPS is expected to grow by 91% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio. Reported Earnings • Aug 08
Second quarter 2025 earnings: EPS misses analyst expectations Second quarter 2025 results: EPS: JP¥31.61 (down from JP¥81.79 in 2Q 2024). Revenue: JP¥81.5b (flat on 2Q 2024). Net income: JP¥1.80b (down 61% from 2Q 2024). Profit margin: 2.2% (down from 5.7% in 2Q 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 45%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Personal Products industry in Japan. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 10 September 2025. The company is paying out more than 100% of its profits and is cash flow negative. Trailing yield: 2.5%. Lower than top quartile of Japanese dividend payers (4.0%). In line with average of industry peers (2.3%). Reported Earnings • May 10
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: JP¥92.74 (down from JP¥122 in 1Q 2024). Revenue: JP¥79.0b (up 1.8% from 1Q 2024). Net income: JP¥5.29b (down 24% from 1Q 2024). Profit margin: 6.7% (down from 8.9% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 8.0%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Personal Products industry in Japan. Declared Dividend • Apr 11
Final dividend of JP¥70.00 announced Dividend of JP¥70.00 is the same as last year. Ex-date: 27th June 2025 Payment date: 10th September 2025 Dividend yield will be 2.3%, which is higher than the industry average of 2.0%. Sustainability & Growth Dividend is not covered by earnings (101% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 10.0% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 12% to bring the payout ratio under control. EPS is expected to grow by 65% over the next 3 years, which is sufficient to bring the dividend into a sustainable range. New Risk • Apr 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 101% Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (5.6% average weekly change). Profit margins are more than 30% lower than last year (2.3% net profit margin). Buy Or Sell Opportunity • Apr 07
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 22% to JP¥5,399. The fair value is estimated to be JP¥6,975, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has declined by 25%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings are also forecast to grow by 18% per annum over the same time period. Announcement • Feb 14
KOSÉ Corporation to Report Q1, 2025 Results on May 09, 2025 KOSÉ Corporation announced that they will report Q1, 2025 results on May 09, 2025 Board Change • Feb 14
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent External Director Kumi Kobayashi was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Feb 12
KOSÉ Corporation, Annual General Meeting, Mar 28, 2025 KOSÉ Corporation, Annual General Meeting, Mar 28, 2025. Announcement • Dec 11
KOSÉ Corporation (TSE:4922) entered into a share transfer agreement to acquire 79.89% stake in Puri Company Limited from KUMANO Limited. KOSÉ Corporation (TSE:4922) entered into a share transfer agreement to acquire 79.89% stake in Puri Company Limited from KUMANO Limited on December 10, 2024. As part of the agreement, KOSÉ Corporation will acquire 1.1 million shares in Puri Company Limited and will acquire the remaining shares over the period of next 3-5 years. For the period ending December 31, 2023, Puri Company Limited reported total revenue of THB 580 million, operating profit of approximately THB 110 million, total assets of approximately THB 410 million and net assets of approximately THB 170 million. The transaction is expected to close on December 30, 2024. Announcement • Dec 03
KOSÉ Corporation to Report Fiscal Year 2024 Results on Feb 12, 2025 KOSÉ Corporation announced that they will report fiscal year 2024 results on Feb 12, 2025 Announcement • Nov 14
KOSE SALES CO., LTD. Announces Management Changes, Effective January 1, 2025 KOSE Corporation announced retiring executive officers (effective January 1, 2025): Isao Fujiwara: Current position: Senior Executive Officer, President & CEO of KOSE SALES CO., LTD.; New position: Advisor of KOSÉ SALES CO., LTD. Masato Kamada: Current position: Executive Officer, Senior Executive Director and General Manager of Sales Administration Div., KOSÉ SALES CO., LTD., New position: Senior Executive Director and General Manager of Planning Dept., KOSÉ SALES CO., LTD. Reported Earnings • Nov 13
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: JP¥38.52 loss per share (down from JP¥78.01 profit in 3Q 2023). Revenue: JP¥79.6b (up 6.6% from 3Q 2023). Net loss: JP¥2.20b (down 149% from profit in 3Q 2023). Revenue missed analyst estimates by 3.0%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 22% per year, which means it is performing significantly worse than earnings. Major Estimate Revision • Nov 12
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2024 has been updated. 2024 EPS estimate fell from JP¥288 to JP¥258 per share. Revenue forecast steady at JP¥326.4b. Net income forecast to grow 13% next year vs 19% growth forecast for Personal Products industry in Japan. Consensus price target of JP¥9,462 unchanged from last update. Share price fell 13% to JP¥7,033 over the past week. New Risk • Nov 07
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Buy Or Sell Opportunity • Oct 23
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 17% to JP¥8,220. The fair value is estimated to be JP¥10,315, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 12% per annum over the same time period. Valuation Update With 7 Day Price Move • Sep 27
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥9,490, the stock trades at a forward P/E ratio of 31x. Average forward P/E is 24x in the Personal Products industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥10,050 per share. Buy Or Sell Opportunity • Sep 11
Now 22% undervalued after recent price drop Over the last 90 days, the stock has fallen 28% to JP¥7,838. The fair value is estimated to be JP¥10,024, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.7% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.5% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Reported Earnings • Aug 09
Second quarter 2024 earnings: EPS and revenues exceed analyst expectations Second quarter 2024 results: EPS: JP¥81.79 (down from JP¥84.13 in 2Q 2023). Revenue: JP¥81.6b (up 7.1% from 2Q 2023). Net income: JP¥4.67b (down 2.8% from 2Q 2023). Profit margin: 5.7% (down from 6.3% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 26%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 16% per year, which means it is significantly lagging earnings. Declared Dividend • Aug 09
Dividend of JP¥70.00 announced Dividend of JP¥70.00 is the same as last year. Ex-date: 27th December 2024 Payment date: 31st March 2025 Dividend yield will be 1.6%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (54% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 44% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Aug 07
KOSÉ Corporation Announces Dividend for the Second Quarter-End of the Fiscal Year Ending December 31, 2024, Payable on September 10, 2024 KOSÉ Corporation announced dividend for the second quarter-end of the fiscal year ending December 31, 2024. For the second quarter-end, the company announced dividend of JPY 70.00 per share against JPY 70.00 per share paid a year ago. Scheduled date of dividend payment is September 10, 2024. Buy Or Sell Opportunity • Jul 09
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 35% to JP¥10,275. The fair value is estimated to be JP¥8,555, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.5% over the last 3 years. Earnings per share has grown by 6.4%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Announcement • Jun 06
KOSÉ Corporation to Report Q2, 2024 Results on Aug 07, 2024 KOSÉ Corporation announced that they will report Q2, 2024 results on Aug 07, 2024 Price Target Changed • Jun 06
Price target increased by 7.4% to JP¥10,275 Up from JP¥9,566, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of JP¥10,470. Stock is down 27% over the past year. The company is forecast to post earnings per share of JP¥312 for next year compared to JP¥204 last year. Price Target Changed • May 29
Price target increased by 7.8% to JP¥9,566 Up from JP¥8,876, the current price target is an average from 10 analysts. New target price is approximately in line with last closing price of JP¥9,716. Stock is down 31% over the past year. The company is forecast to post earnings per share of JP¥294 for next year compared to JP¥204 last year. Reported Earnings • May 09
First quarter 2024 earnings: EPS and revenues exceed analyst expectations First quarter 2024 results: EPS: JP¥122 (up from JP¥68.31 in 1Q 2023). Revenue: JP¥77.6b (up 14% from 1Q 2023). Net income: JP¥6.94b (up 78% from 1Q 2023). Profit margin: 8.9% (up from 5.7% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 78%. Revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • May 09
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥9,868, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 22x in the Personal Products industry in Japan. Total loss to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥6,800 per share. Declared Dividend • May 08
Final dividend of JP¥70.00 announced Dividend of JP¥70.00 is the same as last year. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 1.7%, which is lower than the industry average of 2.0%. Sustainability & Growth Dividend is covered by both earnings (68% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Buy Or Sell Opportunity • May 01
Now 21% overvalued Over the last 90 days, the stock has fallen 13% to JP¥8,300. The fair value is estimated to be JP¥6,855, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Buy Or Sell Opportunity • Apr 01
Now 21% overvalued Over the last 90 days, the stock has fallen 23% to JP¥8,155. The fair value is estimated to be JP¥6,744, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 12%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 15% per annum over the same time period. Announcement • Mar 30
KOSÉ Corporation to Report Q1, 2024 Results on May 09, 2024 KOSÉ Corporation announced that they will report Q1, 2024 results on May 09, 2024 Announcement • Mar 28
KOSÉ Corporation Appoints Keita Matsunami as Executive Officer, General Manager of Accounting and Finance Dept KOSÉ Corporation appointed Keita Matsunami as Executive Officer, General Manager of Accounting and Finance Dept. His Current position is General Manager of Corporate Strategy Dept. New Risk • Mar 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (6.0% average weekly change). Profit margins are more than 30% lower than last year (3.9% net profit margin). Price Target Changed • Mar 04
Price target decreased by 7.9% to JP¥9,446 Down from JP¥10,257, the current price target is an average from 9 analysts. New target price is 20% above last closing price of JP¥7,861. Stock is down 50% over the past year. The company is forecast to post earnings per share of JP¥277 for next year compared to JP¥204 last year. Price Target Changed • Mar 01
Price target decreased by 8.4% to JP¥9,890 Down from JP¥10,801, the current price target is an average from 9 analysts. New target price is 23% above last closing price of JP¥8,046. Stock is down 49% over the past year. The company is forecast to post earnings per share of JP¥289 for next year compared to JP¥204 last year. Reported Earnings • Feb 16
Full year 2023 earnings: EPS misses analyst expectations Full year 2023 results: EPS: JP¥204 (down from JP¥329 in FY 2022). Revenue: JP¥300.4b (up 3.9% from FY 2022). Net income: JP¥11.7b (down 38% from FY 2022). Profit margin: 3.9% (down from 6.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 33%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Major Estimate Revision • Feb 15
Consensus EPS estimates fall by 15% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from JP¥323.7b to JP¥320.0b. EPS estimate also fell from JP¥339 per share to JP¥288 per share. Net income forecast to shrink 7.7% next year vs 17% growth forecast for Personal Products industry in Japan . Consensus price target down from JP¥10,801 to JP¥10,312. Share price fell 13% to JP¥8,056 over the past week. Announcement • Feb 14
KOSÉ Corporation, Annual General Meeting, Mar 28, 2024 KOSÉ Corporation, Annual General Meeting, Mar 28, 2024. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥70.00 per share at 1.3% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.3%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (2.0%). Price Target Changed • Dec 18
Price target decreased by 8.7% to JP¥11,681 Down from JP¥12,790, the current price target is an average from 10 analysts. New target price is 11% above last closing price of JP¥10,510. Stock is down 25% over the past year. The company is forecast to post earnings per share of JP¥300 for next year compared to JP¥329 last year. Announcement • Dec 05
KOSÉ Corporation to Report Fiscal Year 2023 Results on Feb 14, 2024 KOSÉ Corporation announced that they will report fiscal year 2023 results on Feb 14, 2024 Reported Earnings • Nov 15
Third quarter 2023 earnings: EPS exceeds analyst expectations Third quarter 2023 results: EPS: JP¥78.01 (down from JP¥86.41 in 3Q 2022). Revenue: JP¥74.7b (down 15% from 3Q 2022). Net income: JP¥4.45b (down 9.7% from 3Q 2022). Profit margin: 6.0% (up from 5.6% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 22%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Price Target Changed • Sep 08
Price target decreased by 7.0% to JP¥14,328 Down from JP¥15,410, the current price target is an average from 12 analysts. New target price is 22% above last closing price of JP¥11,745. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥312 for next year compared to JP¥329 last year. Reported Earnings • Aug 10
Second quarter 2023 earnings: EPS and revenues exceed analyst expectations Second quarter 2023 results: EPS: JP¥84.13 (down from JP¥138 in 2Q 2022). Revenue: JP¥76.1b (down 25% from 2Q 2022). Net income: JP¥4.80b (down 39% from 2Q 2022). Profit margin: 6.3% (down from 7.7% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥70.00 per share at 1.0% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 11 September 2023. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.5%). Lower than average of industry peers (1.6%). Reported Earnings • May 13
First quarter 2023 earnings released: EPS: JP¥68.30 (vs JP¥138 in 1Q 2022) First quarter 2023 results: EPS: JP¥68.30 (down from JP¥138 in 1Q 2022). Revenue: JP¥68.2b (down 33% from 1Q 2022). Net income: JP¥3.90b (down 51% from 1Q 2022). Profit margin: 5.7% (down from 7.7% in 1Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Personal Products industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 4% per year. Announcement • May 12
KOSÉ Corporation Provides Earnings Guidance for the Year Ending December 31, 2023 KOSÉ Corporation provided earnings guidance for the year ending December 31, 2023. For the period, the company expects net sales to be JPY 305,000 million, operating profit to be JPY 21,000 million, ordinary profit to be JPY 20,300 million, profit attributable to owners of parent to be JPY 13,300 million, net income per share to be JPY 233.11.