KOSÉ : （Delayed）Revision to Sales and Earnings Forecasts
February 15, 2022 at 01:17 am EST
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February 14, 2022
KOSÉ Corporation
President & CEO: Kazutoshi Kobayashi
Stock exchange listing: Tokyo Stock Exchange, First Section; Stock code: 4922
Contact: Hitonori Nakata, General Manager of IR Department
Tel: +81-(0)3-3273-1511
Revision to Sales and Earnings Forecasts
KOSÉ Corporation has reviewed current trends in its performance and revised its sales and earnings forecasts that were announced on October 29, 2021 as follows.
Revised Forecast
Revision to Consolidated Forecast for the Fiscal Year Ended December 31, 2021 (April 1, 2021 - December 31, 2021)
Profit
Net sales
Operating
Ordinary
attributable
Net income
profit
profit
to owners of
per share
parent
Millions of yen
Millions of yen
Millions of yen
Millions of yen
Yen
Previous forecast (A)
224,000
16,000
17,100
12,100
212.10
Revised forecast (B)
224,983
18,852
22,371
13,341
233.86
Change (B - A)
983
2,852
5,271
1,241
-
Percentage change (%)
0.4
17.8
30.8
10.3
-
(Reference)
Previous fiscal year results
279,389
13,294
18,745
11,986
210.11
(FY03/2021)
Reasons for Revisions
Sales exceeded the previous forecast due to strong performance in Japan and Tarte. Earnings were also higher than the previous forecast due to cost-cutting measures in all operations, foreign exchange gains, and COVID-19 related subsidies.
In light of these results, KOSÉ has revised its sales and earnings forecasts as shown above.
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Disclaimer
Kosé Corporation published this content on 15 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 February 2022 06:16:11 UTC.
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 
