KOSÉ Corporation Reports Strong Sales Growth Amid Challenges

Kose Corporation ( (KOSCF) ) has released its Q4 earnings. Here is a breakdown of the information Kose Corporation presented to its investors.

KOSÉ Corporation, a leading player in the cosmetics and cosmetaries industry listed on the Tokyo Stock Exchange, is renowned for its diverse brand portfolio catering to various customer needs globally. In its latest earnings report for the fiscal year ended December 31, 2024, KOSÉ Corporation reported a 7.4% increase in consolidated net sales, reaching 322,758 million yen, primarily driven by strong sales in Japan and North America. Despite this growth, the profit attributable to owners of the parent saw a significant decline of 35.6% due to extraordinary losses linked to structural reforms in China. Operating profit improved by 8.6% to 17,364 million yen, supported by efficient sales expense management and increased foreign exchange gains. KOSÉ’s cosmetics segment observed a 6.2% sales increase, though operating profit declined due to higher costs and product disposal expenses. Conversely, the cosmetaries segment experienced a robust 12.3% sales growth, with a notable 137.3% rise in operating profit driven by strong product sales and expense control. Looking ahead, KOSÉ Corporation anticipates a 4.1% increase in sales for 2025, focusing on expanding major brands in Japan and the United States, while addressing challenges in China. The company plans to enhance profitability through strategic investments and structural reforms, aiming for an operating profit growth of 15.2% and a significant rebound in profit attributable to owners of the parent by 83.7%.