KOSÉ Corporation Revises Consolidated Earnings Forecast for the First Half of the Fiscal Year Ending March 31, 2018
October 23, 2017 at 02:00 am EDT
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KOSÉ Corporation revised consolidated earnings forecast for the first half of the fiscal year ending March 31, 2018. For the period, the company now expects net sales of JPY 144,600 million, operating profit of JPY 23,400 million, ordinary profit of JPY 23,900 million, profit attributable to owners of parent of JPY 15,200 million and net income per share of JPY 266.46 against net sales of JPY 134,000 million, operating profit of JPY 19,000 million, ordinary profit of JPY 19,200 million, profit attributable to owners of parent of JPY 10,700 million and net income per share of JPY 187.57 expected previously. In the first half, net sales and operating profit are both expected to be higher than in the previous forecast and climb to all-time highs. In addition to strong sales in Japan centered on high-prestige brand products, sales in China and South Korea remain high. U.S. subsidiary Tarte Inc. also continues to perform well.
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 
