Kose Corporation (JP:4922)
:4922
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Kose
(4922)
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Rating:69Neutral
Price Target:
¥5,863.00
▲(12.02% Upside)
Action:Reiterated
Date:02/18/26
The score is driven primarily by solid financial safety from a very conservative balance sheet, offset by weakened profitability and negative free cash flow in the last two years. Technically, the stock is in an uptrend but looks overextended (high RSI), and valuation appears only moderately attractive at a 22.8 P/E despite a 2.31% dividend yield.
Positive Factors
Conservative balance sheet / very low leverage
Very low debt-to-equity (~4%) and growing equity provide durable financial flexibility. This conservatism supports capacity for cyclical shocks, targeted M&A or capex without forcing large external financing, and underpins long-term solvency even if operating cash weakens.
Negative Factors
Negative free cash flow in 2024–2025
A sustained swing to negative free cash flow erodes internal funding for capex, brand investment and shareholder returns. Over several quarters this forces reliance on balance sheet buffers or external financing, reducing optionality and increasing risk if cash generation does not recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet / very low leverage
Very low debt-to-equity (~4%) and growing equity provide durable financial flexibility. This conservatism supports capacity for cyclical shocks, targeted M&A or capex without forcing large external financing, and underpins long-term solvency even if operating cash weakens.
Read all positive factors
Kose (4922) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥303.11B
Dividend Yield2.61%
Average Volume (3M)501.01K
Price to Earnings (P/E)29.4
Beta (1Y)0.73
Revenue Growth1.63%
EPS Growth74.87%
CountryJP
Employees8,130
SectorConsumer Defensive
Sector Strength42
IndustryHousehold & Personal Products
Share Statistics
EPS (TTM)52.50
Shares Outstanding60,592,540
10 Day Avg. Volume1,058,140
30 Day Avg. Volume501,006
Financial Highlights & Ratios
PEG Ratio0.20
Price to Book (P/B)1.05
Price to Sales (P/S)0.91
P/FCF Ratio-50.48
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥5,404.29Price Target Upside3.25% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering7
EPS Forecast (FY)216.21
Revenue Forecast (FY)¥343.83B
Kose Business Overview & Revenue Model
Company Description
KOSÉ Corporation, together with its subsidiaries, manufactures, markets, and sells cosmetics primarily in Asia, the United States, and internationally. It offers cleansing, facial wash, toner, emulsion, cream, gel/serum, pack mask, lip care, and m...
How the Company Makes Money
KOSÉ primarily makes money by selling cosmetics and personal care products (e.g., skincare and makeup) across a portfolio of brands. Revenue is generated through (1) domestic sales in Japan via multiple distribution channels—such as department sto...
Kose Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
88
Very Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 324.15B | 330.19B | 322.76B | 300.41B | 289.14B | 299.98B |
| Gross Profit | 223.11B | 227.97B | 222.57B | 211.20B | 205.52B | 204.15B |
| EBITDA | 23.23B | 35.79B | 29.55B | 30.10B | 38.63B | 39.70B |
| Net Income | 3.00B | 15.11B | 7.51B | 11.66B | 18.77B | 17.79B |
Balance Sheet | ||||||
| Total Assets | 368.34B | 393.45B | 383.12B | 371.66B | 359.60B | 320.02B |
| Cash, Cash Equivalents and Short-Term Investments | 91.35B | 92.46B | 113.97B | 132.85B | 116.53B | 105.28B |
| Total Debt | 10.10B | 10.65B | 11.22B | 10.21B | 9.98B | 1.42B |
| Total Liabilities | 78.22B | 88.67B | 92.49B | 88.62B | 84.25B | 65.75B |
| Stockholders Equity | 270.14B | 284.19B | 272.30B | 266.16B | 258.99B | 238.36B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -5.92B | -382.00M | 27.06B | 16.01B | 14.86B |
| Operating Cash Flow | 0.00 | 11.14B | 18.38B | 30.44B | 20.26B | 17.80B |
| Investing Cash Flow | 0.00 | -17.74B | -8.93B | -11.23B | -6.31B | -4.72B |
| Financing Cash Flow | 0.00 | -10.00B | -8.68B | -9.68B | -7.31B | -14.30B |
Kose Technical Analysis
Negative
5234.00
Price Trends
5693.96
Negative
5689.79
Negative
5639.12
Negative
Market Momentum
-94.90
Negative
44.68
Neutral
74.51
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4922, the sentiment is Negative. The current price of 5234 is below the 20-day moving average (MA) of 5455.80, below the 50-day MA of 5693.96, and below the 200-day MA of 5639.12, indicating a bearish trend. The MACD of -94.90 indicates Negative momentum. The RSI at 44.68 is Neutral, neither overbought nor oversold. The STOCH value of 74.51 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4922.
Kose Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥537.56B | 15.19 | 12.66% | 1.53% | 11.37% | 11.35% | |
69 Neutral | ¥303.11B | 29.44 | 2.72% | 2.61% | 1.63% | 74.87% | |
69 Neutral | ¥278.97B | 26.28 | 5.84% | 3.92% | -0.58% | 42.23% | |
64 Neutral | ¥2.71T | 20.94 | 11.50% | 2.41% | 3.60% | 13.80% | |
64 Neutral | ¥429.63B | 15.77 | 9.09% | 1.73% | 3.10% | 27.99% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
52 Neutral | ¥1.04T | -28.82 | ― | 2.11% | 0.45% | -836.50% |
* Consumer Defensive Sector Average
JP:4922
Kose
5,313.00
-380.09
-6.68%
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Kose Corporate Events
KOSÉ Completes Treasury Share Disposal for Director Stock Compensation
May 21, 2026
KOSÉ Holdings has completed the payment procedures for the disposal of treasury shares used in its restricted stock compensation program for directors. The transaction, authorized by the board in April, involved issuing 15,127 shares of commo...
KOSÉ Profit Slumps in Q1 but Full-Year Outlook and Dividend Plan Intact
May 14, 2026
KOSÉ reported first-quarter 2026 results showing flat sales but a sharp deterioration in profitability, as net sales slipped 0.9% year on year to ¥78.3 billion, operating profit plunged 84.5% to ¥1.0 billion, and profit attributable...
KOSÉ to Grant Restricted Treasury Shares to Directors Under Long‑Term Incentive Plan
Apr 24, 2026
KOSÉ Holdings’ board has approved the disposal of 15,127 treasury shares as restricted stock compensation for eight internal directors, priced at 5,506 yen per share and totaling about 83.3 million yen. The issuance, which represents on...
KOSÉ Completes ¥3 Billion Share Buyback Program
Apr 20, 2026
KOSÉ Holdings Corporation has completed a share buyback program authorized by its board in February 2026, repurchasing 159,000 common shares between April 1 and April 17 on the Tokyo Stock Exchange for approximately ¥938.3 million. This ...
KOSÉ Advances Share Buyback Program to Enhance Capital Efficiency
Apr 1, 2026
KOSÉ Holdings Corporation has been repurchasing its own common shares on the Tokyo Stock Exchange under an ongoing buyback program authorized by its board of directors. The initiative is part of the company’s capital policy, which can s...
KOSÉ Weighs Cut to Investment Unit to Broaden Investor Base
Mar 27, 2026
KOSÉ Holdings has outlined its stance on potentially reducing its investment unit to make its shares more accessible to individual investors and improve stock liquidity. The company frames this move within its broader goal of strengthening re...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.