KOSÉ Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017
January 31, 2017 at 10:00 am EST
Share
KOSÉ Corporation reported consolidated earnings results for the nine months ended December 31, 2016. Net sales were ¥192,332 million against ¥178,457 million last year. Operating income was ¥30,177 million against ¥30,331 million last year. Ordinary income was ¥31,111 million against ¥30,950 million last year. Profit attributable to owners of parent was ¥18,618 million against ¥18,025 million last year. Net income per basic share was ¥326.39 against ¥315.99 last year. Operating income decreased 0.5% mainly due to sales growth resulting from the aggressive use of selling expenses and effective use of general and administrative expenses. Profit before income taxes was ¥31,080 million against ¥30,915 million last year.
The company provided consolidated earnings guidance for the full year ending March 31, 2017. The company expects net sales of ¥256,000 million, operating income of ¥37,000 million, ordinary income of ¥36,300 million, profit attributable to owners of parent of ¥20,900 million and net income per share of ¥366.38.
KOSE Corporation is a Japan-based company principally engaged in the manufacture and sale of cosmetic products. The Company operates in two business segments. Make-up segment is engaged in the manufacture and sale of products under the brands of KOSE, Sekkisei, ESPRIQUE, COSME DECORTE, Predia, INFINITY, JILLSTUART, ADDICTION, CLIE, ALBION, tarte, among others. Cosmetry segment is engaged in the manufacture and sale of products under the brands of Visee, Fasio, ELSIA, softymo, SUNCUT, CLEAR TURN, Stephen Knoll New York, Nature & Co, among others. The Company is also involved in the manufacture and sale of amenity products, the leasing of real estate properties, the manufacture and export of materials, as well as the original equipment manufacturing (OEM) business.
KOSÉ Corporation Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2016; Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2017