Cash flow KOSÉ Corporation

Equities

4922

JP3283650004

Personal Products

Market Closed - Japan Exchange Other stock markets 07:00:00 09/09/2024 BST			5-day change	1st Jan Change
8,603.00 ^JPY	+0.21%		-3.06%	-18.65%

08-08	KOSÉ CEO, Major Shareholders to Transfer Stake; Shares Fall 10%	MT
08-07	KOSÉ Corporation Announces Dividend for the Second Quarter-End of the Fiscal Year Ending December 31, 2024, Payable on September 10, 2024	CI

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Published financial data: KOSÉ CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	333B	328B	300B	289B	300B
Total Revenues	333B	328B	300B	289B	300B
Cost of Goods Sold, Total	88.61B	88.7B	88.68B	83.62B	89.21B
Gross Profit	244B	239B	212B	206B	211B
Selling General & Admin Expenses, Total	188B	195B	186B	178B	190B
Provision for Bad Debts	-	-	381M	105M	108M
Depreciation & Amortization - (IS)	3.76B	4.05B	5.02B	4.92B	5.06B
Other Operating Expenses, Total	192B	199B	191B	184B	195B
Operating Income	52.41B	40.23B	20.62B	22.02B	15.88B
Interest Expense, Total	-2M	-7M	-17M	-60M	-11M
Interest And Investment Income	650M	662M	1.12B	792M	1.35B
Net Interest Expenses	648M	655M	1.1B	732M	1.34B
Currency Exchange Gains (Loss)	574M	-517M	4.32B	4.31B	1.98B
Other Non Operating Income (Expenses)	354M	561M	1.53B	1.34B	1.05B
EBT, Excl. Unusual Items	53.98B	40.93B	27.58B	28.39B	20.25B
Gain (Loss) On Sale Of Investments	744M	-197M	-25M	-50M	1M
Gain (Loss) On Sale Of Assets	-460M	-410M	-337M	-140M	-217M
Asset Writedown	-108M	-76M	-148M	-171M	-193M
Other Unusual Items	787M	117M	-543M	-165M	-337M
EBT, Incl. Unusual Items	54.95B	40.36B	26.52B	27.87B	19.5B
Income Tax Expense	15.95B	12.53B	9.7B	8.4B	6.97B
Earnings From Continuing Operations	39B	27.83B	16.82B	19.47B	12.53B
Net Income to Company	39B	27.83B	16.82B	19.47B	12.53B
Minority Interest	-2B	-1.15B	-178M	-700M	-868M
Net Income - (IS)	37B	26.68B	16.65B	18.77B	11.66B
Net Income to Common Incl Extra Items	37B	26.68B	16.65B	18.77B	11.66B
Net Income to Common Excl. Extra Items	37B	26.68B	16.65B	18.77B	11.66B
Per Share Items
Net EPS - Basic	648.7	467.75	291.79	329.02	204.41
Basic EPS - Continuing Operations	648.7	467.75	291.79	329.02	204.41
Basic Weighted Average Shares Outstanding	57.04M	57.04M	57.05M	57.05M	57.06M
Net EPS - Diluted	648.7	467.75	291.79	329.02	204.41
Diluted EPS - Continuing Operations	648.7	467.75	291.79	329.02	204.41
Diluted Weighted Average Shares Outstanding	57.04M	57.04M	57.05M	57.05M	57.06M
Normalized Basic EPS	556.47	428.29	299	298.76	206.62
Normalized Diluted EPS	556.47	428.29	299	298.76	206.62
Dividend Per Share	180	190	180	140	140
Payout Ratio	26.21	40.62	54.83	39.51	68.48
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	61.23B	49.86B	31.86B	32.72B	26.46B
EBITA	53.21B	41.03B	21.42B	22.98B	16.9B
EBIT	52.41B	40.23B	20.62B	22.02B	15.88B
Effective Tax Rate - (Ratio)	29.02	31.05	36.57	30.13	35.75
Normalized Net Income	31.74B	24.43B	17.06B	17.04B	11.79B
Non-Cash Pension Expense	-369M	-959M	-941M	-1.52B	-1.22B
Supplemental Operating Expense Items
Advertising Expense	84.91B	86.92B	52.23B	69.93B	74.04B
Selling and Marketing Expenses	98.94B	102B	94.74B	87.35B	92.86B
Research And Development Expense From Footnotes	5.4B	6.3B	10.36B	6.09B	6.46B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	94.38B	97.56B	105B	117B	133B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	94.38B	97.56B	105B	117B	133B
Accounts Receivable, Total	44.69B	38.29B	44.06B	51.79B	44.28B
Total Receivables	44.69B	38.29B	44.06B	51.79B	44.28B
Inventory	60.78B	61.44B	63.74B	69.08B	70.88B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	5.38B	7.15B	4.24B	7.08B	8.72B
Total Current Assets	205B	204B	217B	244B	257B
Net Property Plant And Equipment	56.9B	66.02B	59.55B	63.92B	61.25B
Long-term Investments	14.78B	17.1B	25.01B	32.22B	34.54B
Goodwill	6.68B	5.79B	4.62B	4.36B	3.62B
Other Intangibles, Total	8.99B	8.98B	9.65B	10.09B	10.48B
Deferred Tax Assets Long-Term	7.57B	6.27B	3.86B	4.52B	5.04B
Other Long-Term Assets, Total	1M	2M	2M	1M	1M
Total Assets	300B	309B	320B	360B	372B
Liabilities
Accounts Payable, Total	28.85B	21.71B	23.78B	26.3B	27.12B
Accrued Expenses, Total	10.72B	12.3B	10.32B	10.92B	11.63B
Short-term Borrowings	600M	727M	600M	1.36B	500M
Current Portion of Leases	228M	214M	177M	828M	1.05B
Current Income Taxes Payable	22.66B	18.86B	16.44B	20.64B	21.82B
Other Current Liabilities	3.05B	5.88B	7.81B	7.54B	8.11B
Total Current Liabilities	66.11B	59.68B	59.14B	67.58B	70.22B
Long-Term Leases	837M	712M	639M	7.79B	8.66B
Pension & Other Post Retirement Benefits	7.28B	7.68B	-	-	-
Deferred Tax Liability Non Current	-	-	1.37B	4.42B	5.04B
Other Non Current Liabilities	1.1B	336M	4.6B	4.46B	4.7B
Total Liabilities	75.32B	68.4B	65.75B	84.25B	88.62B
Common Stock, Total	4.85B	4.85B	4.85B	4.85B	4.85B
Additional Paid In Capital	-	15M	26M	62M	123M
Retained Earnings	208B	224B	229B	240B	244B
Treasury Stock	-9.1B	-9.1B	-9.09B	-9.08B	-9.07B
Comprehensive Income and Other	5.26B	4.21B	13.78B	23.02B	26.43B
Total Common Equity	209B	224B	238B	259B	266B
Minority Interest	16.02B	16.57B	15.91B	16.36B	16.88B
Total Equity	225B	240B	254B	275B	283B
Total Liabilities And Equity	300B	309B	320B	360B	372B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	57.04M	57.04M	57.05M	57.05M	57.06M
ECS Total Common Shares Outstanding	57.04M	57.04M	57.05M	57.05M	57.06M
Book Value / Share	3.66K	3.92K	4.18K	4.54K	4.66K
Tangible Book Value	193B	209B	224B	245B	252B
Tangible Book Value Per Share	3.39K	3.66K	3.93K	4.29K	4.42K
Total Debt	1.66B	1.65B	1.42B	9.98B	10.21B
Net Debt	-92.72B	-95.9B	-104B	-107B	-123B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.44B	4.35B	-5.47B	-10.3B	-14.54B
Minority Interest, Total (Incl. Fin. Div)	16.02B	16.57B	15.91B	16.36B	16.88B
Inventories - Raw Materials, Total	23.66B	22.19B	27.06B	29.06B	27.4B
Inventories - Work In Process, Total	3B	3.47B	2.31B	2.85B	3.39B
Inventories - Finished Goods, Total	34.12B	35.78B	34.37B	37.16B	40.1B
Full Time Employees	8.12K	8.25K	8.61K	7.94K	7.56K
Accumulated Allowance for Doubtful Accounts (Supple)	83M	77M	156M	664M	121M

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	54.95B	40.36B	28.45B	27.87B	19.51B
Depreciation & Amortization - CF	8.02B	8.84B	10.44B	9.74B	9.56B
Amortization of Goodwill and Intangible Assets - (CF)	805M	795M	800M	959M	1.02B
Depreciation & Amortization, Total	8.82B	9.63B	11.24B	10.7B	10.58B
(Gain) Loss From Sale Of Asset	567M	485M	569M	307M	409M
(Gain) Loss on Sale of Investments - (CF)	-744M	196M	33.33M	50M	-1M
Other Operating Activities, Total	-16.7B	-17.11B	-8.92B	-6.18B	-8.18B
Change In Accounts Receivable	-3.8B	6.25B	-5.35B	-7.44B	8.71B
Change In Inventories	-10.38B	-822M	-6.06B	-3.01B	-329M
Change In Accounts Payable	2.67B	-6.12B	3.82B	2.08B	1.59B
Change in Other Net Operating Assets	-2.41B	4.21B	-52M	-4.12B	-1.85B
Cash from Operations	32.99B	37.09B	23.73B	20.26B	30.44B
Capital Expenditure	-15.19B	-17.98B	-3.93B	-4.25B	-3.38B
Sale of Property, Plant, and Equipment	95M	-67M	183M	310M	82M
Cash Acquisitions	-395M	-283M	-	-	-
Divestitures	678M	-	-	-	-
Sale (Purchase) of Intangible assets	-1.91B	-1.89B	-2.19B	-2.85B	-2.14B
Investment in Marketable and Equity Securities, Total	-3.24B	1.86B	-24M	406M	-5.38B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-	-153M	-44M	-83M	-98M
Other Investing Activities, Total	-710M	-486M	-296M	157M	-303M
Cash from Investing	-20.67B	-19.01B	-6.3B	-6.31B	-11.23B
Short Term Debt Issued, Total	-	123M	6.87B	781M	-
Long-Term Debt Issued, Total	-	-	245M	-	-
Total Debt Issued	-	123M	327M	781M	-
Short Term Debt Repaid, Total	-	-	-7B	-	-897M
Long-Term Debt Repaid, Total	-	-	-147M	-98M	-196M
Total Debt Repaid	-	-	-9.53B	-98M	-1.09B
Repurchase of Common Stock	-4M	-	-2M	-3M	9M
Common & Preferred Stock Dividends Paid	-9.7B	-10.84B	-9.13B	-7.42B	-7.99B
Common & Preferred Stock Dividends Paid	-9.7B	-10.84B	-9.13B	-7.42B	-7.99B
Other Financing Activities, Total	-725M	-733M	-741M	-577M	-606M
Cash from Financing	-10.43B	-11.45B	-19.07B	-7.31B	-9.68B
Foreign Exchange Rate Adjustments	-1.51B	-615M	4.07B	5.55B	2.07B
Miscellaneous Cash Flow Adjustments	-2M	-2M	8M	-1M	-1M
Net Change in Cash	380M	6.02B	2.43B	12.19B	11.6B
Supplemental Items
Cash Interest Paid	2M	13M	13.33M	67M	16M
Cash Income Tax Paid (Refund)	17.47B	17.15B	11.15B	5.65B	7.87B
Levered Free Cash Flow	18.16B	12.33B	8.88B	8.45B	22.32B
Unlevered Free Cash Flow	18.16B	12.33B	8.89B	8.49B	22.32B
Change In Net Working Capital	6.32B	2.57B	-284M	8.87B	-7.34B
Net Debt Issued / Repaid	-	123M	-9.2B	683M	-1.09B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	11.46	8.26	2.65	4.05	2.71
Return on Total Capital	15.36	10.74	3.33	5.09	3.43
Return On Equity %	18.42	11.97	4.92	7.35	4.49
Return on Common Equity	18.84	12.34	5.34	7.55	4.44
Margin Analysis
Gross Profit Margin %	73.39	72.93	70.46	71.08	70.3
SG&A Margin	56.52	59.42	61.79	61.73	63.3
EBITDA Margin %	18.39	15.22	10.61	11.32	8.81
EBITA Margin %	15.98	12.52	7.14	7.95	5.63
EBIT Margin %	15.74	12.28	6.87	7.61	5.29
Income From Continuing Operations Margin %	11.71	8.49	5.6	6.73	4.17
Net Income Margin %	11.11	8.14	5.54	6.49	3.88
Net Avail. For Common Margin %	11.11	8.14	5.54	6.49	3.88
Normalized Net Income Margin	9.53	7.45	5.68	5.9	3.92
Levered Free Cash Flow Margin	5.45	3.76	3.18	2.92	7.43
Unlevered Free Cash Flow Margin	5.45	3.76	3.18	2.94	7.43
Asset Turnover
Asset Turnover	1.16	1.08	0.91	0.85	0.82
Fixed Assets Turnover	6.35	5.33	4.33	4.68	4.8
Receivables Turnover (Average Receivables)	7.74	7.9	7.2	6.03	6.25
Inventory Turnover (Average Inventory)	1.59	1.45	1.3	1.26	1.27
Short Term Liquidity
Current Ratio	3.1	3.43	3.67	3.62	3.66
Quick Ratio	2.1	2.28	2.53	2.49	2.52
Operating Cash Flow to Current Liabilities	0.5	0.62	0.4	0.3	0.43
Days Sales Outstanding (Average Receivables)	47.16	46.34	50.72	60.49	58.36
Days Outstanding Inventory (Average Inventory)	230.1	252.15	279.82	289.88	286.32
Average Days Payable Outstanding	100.53	103.54	104.26	102.73	107.11
Cash Conversion Cycle (Average Days)	176.72	194.95	226.28	247.64	237.58
Long Term Solvency
Total Debt/Equity	0.74	0.69	0.56	3.63	3.61
Total Debt / Total Capital	0.74	0.68	0.55	3.5	3.48
LT Debt/Equity	0.37	0.3	0.25	2.83	3.06
Long-Term Debt / Total Capital	0.37	0.29	0.25	2.73	2.95
Total Liabilities / Total Assets	25.09	22.17	20.55	23.43	23.84
EBIT / Interest Expense	26.2K	5.75K	1.21K	366.93	1.44K
EBITDA / Interest Expense	30.62K	7.12K	1.87K	545.3	2.41K
(EBITDA - Capex) / Interest Expense	23.02K	4.56K	1.64K	474.47	2.1K
Total Debt / EBITDA	0.03	0.03	0.04	0.31	0.39
Net Debt / EBITDA	-1.51	-1.92	-3.26	-3.26	-4.63
Total Debt / (EBITDA - Capex)	0.04	0.05	0.05	0.35	0.44
Net Debt / (EBITDA - Capex)	-2.01	-3.01	-3.72	-3.74	-5.31
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %