Kosé Corporation Provides Dividend Guidance for Second Quarter and Full Year Ending March 31, 2019; Reports Consolidated Earnings Results for First Quarter Ended June 30, 2018; Revises Earnings Guidance for the Six Months Ending September 30, 2018 and Full Year Ending March 31, 2019
July 31, 2018 at 02:00 am EDT
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KOSÉ Corporation provided dividend guidance for second quarter and full year ending March 31, 2019. For the second quarter of 2019, the company expects to pay dividend of ¥85.00 per share as compared with ¥63.00 per share for the same period last year.
For fiscal year ending March 31, 2019, the company expects to pay dividend of ¥85.00 per share as compared with ¥85.00 per share for the same period last year.
The company reported consolidated earnings results for first quarter ended June 30, 2018. For the quarter, the company reported net sales of ¥80,472 million against ¥70,689 million a year ago. Operating profit was ¥17,592 million against ¥12,813 million a year ago. Ordinary profit was ¥18,697 million against ¥12,949 million a year ago. Profit attributable to owners of the parent was ¥13,393 million or ¥234.79 per share against ¥8,627 million or ¥151.24 per share a year ago. Earnings were higher mainly because of a decline in the cost of sales ratio due to an increase in the share of sales from products with high profit margins. Profit before income taxes was ¥19,576 million against ¥12,921 million a year ago.
For the six months ending September 30, 2018, the company expects consolidated revenue of ¥162,000 million compared to previous guidance of ¥154,500 million, operating profit of ¥31,000 million compared to previous guidance of ¥25,500 million, ordinary profit of ¥32,200 million compared to previous guidance of ¥25,300 million and profit attributable to owners of the parent of ¥22,600 or ¥396.19 per share compared to previous guidance of ¥14,600 million or ¥255.94 per share.
For the year ending March 31, 2019, the company expects consolidated revenue of ¥325,000 million compared to previous guidance of ¥323,500 million, operating profit of ¥56,000 million compared to previous guidance of ¥52,000 million, ordinary profit of ¥57,400 million compared to previous guidance of ¥52,400 million and profit attributable to owners of the parent of ¥38,300 or ¥671.42 per share compared to previous guidance of ¥32,300 million or ¥566.23 per share.
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 Provides Dividend Guidance for Second Quarter and Full Year Ending March 31, 2019; Reports Consolidated Earnings Results for First Quarter Ended June 30, 2018; Revises Earnings Guidance for the Six Months Ending September 30, 2018 and Full Year Ending March 31, 2019
KOSÉ CORPORATION 
