Kose (JP:4922) has released an update.
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KOSÉ Corporation announced an extraordinary loss due to structural reforms in China, leading to a significant revision of its 2024 financial forecast. Although net sales are expected to rise, operating profit and profit attributable to owners have been downgraded, reflecting challenges in the Chinese market and increased reform expenses. Despite these setbacks, the company anticipates growth in its domestic market and other business segments.
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