Cash flow KOSÉ Corporation

Equities

4922

JP3283650004

Personal Products

Market Closed - Japan Exchange Other stock markets 06:30:00 10/12/2025 GMT			5-day change	1st Jan Change
5,292.00 ^JPY	+2.30%		+1.81%	-26.28%

11-25	Jefferies Downgrades Kosé to Underperform from Hold, Adjusts Price Target to 4,300 Yen From 5,800 Yen	MT
05-23	KOSÉ Completes Disposal of Treasury Shares for Restricted Stock Compensation	MT

5.YIkA-m2sWG3fxd-ukmWRaqEBRQgdQnTEKcU1tm8-e-U.CONTyRXDdSGwlPKeoxCkLJl4MzFXdCW0T6p59yN7KrMo_UuDW8FoXqqXjg

Published financial data: KOSÉ CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Revenues	328B	300B	289B	300B	323B
Total Revenues	328B	300B	289B	300B	323B
Cost of Goods Sold, Total	88.7B	88.68B	83.62B	89.21B	100B
Gross Profit	239B	212B	206B	211B	223B
Selling General & Admin Expenses, Total	195B	186B	178B	190B	200B
Provision for Bad Debts	-	381M	105M	108M	6M
Depreciation & Amortization - (IS)	4.05B	5.02B	4.92B	5.06B	5.45B
Other Operating Expenses, Total	199B	191B	184B	195B	205B
Operating Income	40.23B	20.62B	22.02B	15.88B	17.36B
Interest Expense, Total	-7M	-17M	-60M	-11M	-7M
Interest And Investment Income	662M	1.12B	792M	1.35B	1.12B
Net Interest Expenses	655M	1.1B	732M	1.34B	1.11B
Currency Exchange Gains (Loss)	-517M	4.32B	4.31B	1.98B	2.71B
Other Non Operating Income (Expenses)	561M	1.53B	1.34B	1.05B	466M
EBT, Excl. Unusual Items	40.93B	27.58B	28.39B	20.25B	21.64B
Gain (Loss) On Sale Of Investments	-197M	-25M	-50M	1M	-2M
Gain (Loss) On Sale Of Assets	-410M	-337M	-140M	-217M	2.05B
Asset Writedown	-76M	-148M	-171M	-193M	-460M
Other Unusual Items	117M	-543M	-165M	-337M	-4.57B
EBT, Incl. Unusual Items	40.36B	26.52B	27.87B	19.5B	18.66B
Income Tax Expense	12.53B	9.7B	8.4B	6.97B	9.73B
Earnings From Continuing Operations	27.83B	16.82B	19.47B	12.53B	8.93B
Net Income to Company	27.83B	16.82B	19.47B	12.53B	8.93B
Minority Interest	-1.15B	-178M	-700M	-868M	-1.42B
Net Income - (IS)	26.68B	16.65B	18.77B	11.66B	7.51B
Net Income to Common Incl Extra Items	26.68B	16.65B	18.77B	11.66B	7.51B
Net Income to Common Excl. Extra Items	26.68B	16.65B	18.77B	11.66B	7.51B
Per Share Items
Net EPS - Basic	467.75	291.79	329.02	204.41	131.61
Basic EPS - Continuing Operations	467.75	291.79	329.02	204.41	131.61
Basic Weighted Average Shares Outstanding	57.04M	57.05M	57.05M	57.06M	57.06M
Net EPS - Diluted	467.75	291.79	329.02	204.41	131.61
Diluted EPS - Continuing Operations	467.75	291.79	329.02	204.41	131.61
Diluted Weighted Average Shares Outstanding	57.04M	57.05M	57.05M	57.06M	57.06M
Normalized Basic EPS	428.29	299	298.76	206.62	212.25
Normalized Diluted EPS	428.29	299	298.76	206.62	212.25
Dividend Per Share	190	180	140	140	140
Payout Ratio	40.62	54.83	39.51	68.48	106.36
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	49.86B	31.86B	32.72B	26.46B	28.24B
EBITA	41.03B	21.42B	22.98B	16.9B	18.46B
EBIT	40.23B	20.62B	22.02B	15.88B	17.36B
Effective Tax Rate - (Ratio)	31.05	36.57	30.13	35.75	52.15
Normalized Net Income	24.43B	17.06B	17.04B	11.79B	12.11B
Non-Cash Pension Expense	-959M	-941M	-1.52B	-1.22B	-1.35B
Supplemental Operating Expense Items
Advertising Expense	86.92B	52.23B	69.93B	74.04B	76.89B
Selling and Marketing Expenses	102B	94.74B	87.35B	92.86B	96.21B
Research And Development Expense From Footnotes	6.3B	10.36B	6.09B	6.46B	6.38B

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	97.56B	105B	117B	133B	114B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	97.56B	105B	117B	133B	114B
Accounts Receivable, Total	38.29B	44.06B	51.79B	44.28B	49.87B
Total Receivables	38.29B	44.06B	51.79B	44.28B	49.87B
Inventory	61.44B	63.74B	69.08B	70.88B	69.63B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	7.15B	4.24B	7.08B	8.72B	6.86B
Total Current Assets	204B	217B	244B	257B	240B
Net Property Plant And Equipment	66.02B	59.55B	63.92B	61.25B	73.75B
Long-term Investments	17.1B	25.01B	32.22B	34.54B	39.63B
Goodwill	5.79B	4.62B	4.36B	3.62B	13.51B
Other Intangibles, Total	8.98B	9.65B	10.09B	10.48B	9.74B
Deferred Tax Assets Long-Term	6.27B	3.86B	4.52B	5.04B	6.15B
Other Long-Term Assets, Total	2M	2M	1M	1M	2M
Total Assets	309B	320B	360B	372B	383B
Liabilities
Accounts Payable, Total	21.71B	23.78B	26.3B	27.12B	22.22B
Accrued Expenses, Total	12.3B	10.32B	10.92B	11.63B	13.45B
Short-term Borrowings	727M	600M	1.36B	500M	831M
Current Portion of Leases	214M	177M	828M	1.05B	1.41B
Current Income Taxes Payable	18.86B	16.44B	20.64B	21.82B	24.08B
Other Current Liabilities	5.88B	7.81B	7.54B	8.11B	9.18B
Total Current Liabilities	59.68B	59.14B	67.58B	70.22B	71.16B
Long-Term Leases	712M	639M	7.79B	8.66B	8.98B
Pension & Other Post Retirement Benefits	7.68B	-	-	-	-
Deferred Tax Liability Non Current	-	1.37B	4.42B	5.04B	6.87B
Other Non Current Liabilities	336M	4.6B	4.46B	4.7B	5.48B
Total Liabilities	68.4B	65.75B	84.25B	88.62B	92.49B
Common Stock, Total	4.85B	4.85B	4.85B	4.85B	4.85B
Additional Paid In Capital	15M	26M	62M	123M	179M
Retained Earnings	224B	229B	240B	244B	243B
Treasury Stock	-9.1B	-9.09B	-9.08B	-9.07B	-9.06B
Comprehensive Income and Other	4.21B	13.78B	23.02B	26.43B	32.98B
Total Common Equity	224B	238B	259B	266B	272B
Minority Interest	16.57B	15.91B	16.36B	16.88B	18.33B
Total Equity	240B	254B	275B	283B	291B
Total Liabilities And Equity	309B	320B	360B	372B	383B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	57.04M	57.05M	57.05M	57.06M	57.06M
ECS Total Common Shares Outstanding	57.04M	57.05M	57.05M	57.06M	57.06M
Book Value / Share	3.92K	4.18K	4.54K	4.66K	4.77K
Tangible Book Value	209B	224B	245B	252B	249B
Tangible Book Value Per Share	3.66K	3.93K	4.29K	4.42K	4.36K
Total Debt	1.65B	1.42B	9.98B	10.21B	11.22B
Net Debt	-95.9B	-104B	-107B	-123B	-103B
Debt Equivalent of Unfunded Proj. Benefit Obligation	4.35B	-5.47B	-10.3B	-14.54B	-18.83B
Minority Interest, Total (Incl. Fin. Div)	16.57B	15.91B	16.36B	16.88B	18.33B
Inventories - Raw Materials, Total	22.19B	27.06B	29.06B	27.4B	26.31B
Inventories - Work In Process, Total	3.47B	2.31B	2.85B	3.39B	3.1B
Inventories - Finished Goods, Total	35.78B	34.37B	37.16B	40.1B	40.22B
Full Time Employees	8.25K	8.61K	7.94K	7.56K	8.13K
Accumulated Allowance for Doubtful Accounts (Supple)	77M	156M	664M	121M	151M

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	40.36B	28.45B	27.87B	19.51B	18.66B
Depreciation & Amortization - CF	8.84B	10.44B	9.74B	9.56B	9.78B
Amortization of Goodwill and Intangible Assets - (CF)	795M	800M	959M	1.02B	1.1B
Depreciation & Amortization, Total	9.63B	11.24B	10.7B	10.58B	10.88B
(Gain) Loss From Sale Of Asset	485M	569M	307M	409M	-1.59B
(Gain) Loss on Sale of Investments - (CF)	196M	33.33M	50M	-1M	2M
Other Operating Activities, Total	-17.11B	-8.92B	-6.18B	-8.18B	-6.72B
Change In Accounts Receivable	6.25B	-5.35B	-7.44B	8.71B	-3.78B
Change In Inventories	-822M	-6.06B	-3.01B	-329M	1.31B
Change In Accounts Payable	-6.12B	3.82B	2.08B	1.59B	-7.15B
Change in Other Net Operating Assets	4.21B	-52M	-4.12B	-1.85B	6.76B
Cash from Operations	37.09B	23.73B	20.26B	30.44B	18.38B
Capital Expenditure	-17.98B	-3.93B	-4.25B	-3.38B	-18.76B
Sale of Property, Plant, and Equipment	-67M	183M	310M	82M	2.76B
Cash Acquisitions	-283M	-	-	-	-11.59B
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-1.89B	-2.19B	-2.85B	-2.14B	-2.29B
Investment in Marketable and Equity Securities, Total	1.86B	-24M	406M	-5.38B	20.9B
Net (Increase) Decrease in Loans Originated / Sold - Investing	-153M	-44M	-83M	-98M	-23M
Other Investing Activities, Total	-486M	-296M	157M	-303M	63M
Cash from Investing	-19.01B	-6.3B	-6.31B	-11.23B	-8.93B
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	-	-2M	-3M	9M	-2M
Common Dividends Paid	-10.84B	-9.13B	-7.42B	-7.99B	-7.99B
Common & Preferred Stock Dividends Paid	-10.84B	-9.13B	-7.42B	-7.99B	-7.99B
Other Financing Activities, Total	-733M	-741M	-577M	-606M	-694M
Cash from Financing	-11.45B	-19.07B	-7.31B	-9.68B	-8.68B
Foreign Exchange Rate Adjustments	-615M	4.07B	5.55B	2.07B	1.32B
Miscellaneous Cash Flow Adjustments	-2M	8M	-1M	-1M	-
Net Change in Cash	6.02B	2.43B	12.19B	11.6B	2.09B
Supplemental Items
Cash Interest Paid	13M	13.33M	67M	16M	13M
Cash Income Tax Paid (Refund)	17.15B	11.15B	5.65B	7.87B	6.55B
Levered Free Cash Flow	12.33B	8.88B	8.45B	22.32B	-1.55B
Unlevered Free Cash Flow	12.33B	8.89B	8.49B	22.32B	-1.54B
Change In Net Working Capital	2.57B	-284M	8.87B	-7.34B	2.23B
Net Debt Issued / Repaid	123M	-9.2B	683M	-1.09B	-

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	8.26	2.65	4.05	2.71	2.87
Return on Total Capital	10.74	3.33	5.09	3.43	3.65
Return On Equity %	11.97	4.92	7.35	4.49	3.11
Return on Common Equity	12.34	5.34	7.55	4.44	2.79
Margin Analysis
Gross Profit Margin %	72.93	70.46	71.08	70.3	68.96
SG&A Margin	59.42	61.79	61.73	63.3	61.89
EBITDA Margin %	15.22	10.61	11.32	8.81	8.75
EBITA Margin %	12.52	7.14	7.95	5.63	5.72
EBIT Margin %	12.28	6.87	7.61	5.29	5.38
Income From Continuing Operations Margin %	8.49	5.6	6.73	4.17	2.77
Net Income Margin %	8.14	5.54	6.49	3.88	2.33
Net Avail. For Common Margin %	8.14	5.54	6.49	3.88	2.33
Normalized Net Income Margin	7.45	5.68	5.9	3.92	3.75
Levered Free Cash Flow Margin	3.76	3.18	2.92	7.43	-0.48
Unlevered Free Cash Flow Margin	3.76	3.18	2.94	7.43	-0.48
Asset Turnover
Asset Turnover	1.08	0.91	0.85	0.82	0.86
Fixed Assets Turnover	5.33	4.33	4.68	4.8	4.78
Receivables Turnover (Average Receivables)	7.9	7.2	6.03	6.25	6.86
Inventory Turnover (Average Inventory)	1.45	1.3	1.26	1.27	1.43
Short Term Liquidity
Current Ratio	3.43	3.67	3.62	3.66	3.38
Quick Ratio	2.28	2.53	2.49	2.52	2.3
Operating Cash Flow to Current Liabilities	0.62	0.4	0.3	0.43	0.26
Days Sales Outstanding (Average Receivables)	46.34	50.72	60.49	58.36	53.38
Days Outstanding Inventory (Average Inventory)	252.15	279.82	289.88	286.32	256.66
Average Days Payable Outstanding	103.54	104.26	102.73	107.11	91.25
Cash Conversion Cycle (Average Days)	194.95	226.28	247.64	237.58	218.8
Long Term Solvency
Total Debt/Equity	0.69	0.56	3.63	3.61	3.86
Total Debt / Total Capital	0.68	0.55	3.5	3.48	3.72
LT Debt/Equity	0.3	0.25	2.83	3.06	3.09
Long-Term Debt / Total Capital	0.29	0.25	2.73	2.95	2.98
Total Liabilities / Total Assets	22.17	20.55	23.43	23.84	24.14
EBIT / Interest Expense	5.75K	1.21K	366.93	1.44K	2.48K
EBITDA / Interest Expense	7.12K	1.87K	545.3	2.41K	4.03K
(EBITDA - Capex) / Interest Expense	4.56K	1.64K	474.47	2.1K	1.35K
Total Debt / EBITDA	0.03	0.04	0.31	0.39	0.4
Net Debt / EBITDA	-1.92	-3.26	-3.26	-4.63	-3.64
Total Debt / (EBITDA - Capex)	0.05	0.05	0.35	0.44	1.18
Net Debt / (EBITDA - Capex)	-3.01	-3.72	-3.74	-5.31	-10.84
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-1.58	-14.75	-3.7	3.9	7.44
Gross Profit, 1 Yr. Growth %	-2.2	-15.52	-2.85	2.76	5.39
EBITDA, 1 Yr. Growth %	-18.56	-51.36	2.69	-19.13	6.73
EBITA, 1 Yr. Growth %	-22.9	-66.19	7.23	-26.43	9.24
EBIT, 1 Yr. Growth %	-23.23	-67.45	6.74	-27.88	9.33
Earnings From Cont. Operations, 1 Yr. Growth %	-28.64	-57.46	15.73	-35.64	-28.76
Net Income, 1 Yr. Growth %	-27.89	-55.08	12.77	-37.87	-35.61
Normalized Net Income, 1 Yr. Growth %	-23.04	-51.45	-0.07	-30.84	2.73
Diluted EPS Before Extra, 1 Yr. Growth %	-27.89	-55.08	12.76	-37.87	-35.62
Accounts Receivable, 1 Yr. Growth %	-14.31	2.76	17.55	-14.49	12.61
Inventory, 1 Yr. Growth %	1.08	-6.68	8.37	2.61	-1.76
Net Property, Plant and Equip., 1 Yr. Growth %	16.04	-4.74	7.34	-4.19	20.41
Total Assets, 1 Yr. Growth %	2.81	-0.07	12.37	3.35	3.08
Tangible Book Value, 1 Yr. Growth %	8.13	1.19	9.13	3.07	-1.19
Common Equity, 1 Yr. Growth %	7.09	0.84	8.66	2.77	2.31
Cash From Operations, 1 Yr. Growth %	12.43	-37.23	-14.63	50.25	-39.63
Capital Expenditures, 1 Yr. Growth %	18.36	-51.85	8.27	-20.4	454.57
Levered Free Cash Flow, 1 Yr. Growth %	-32.1	-27.97	-	164.02	-106.94
Unlevered Free Cash Flow, 1 Yr. Growth %	-32.08	-27.91	-	162.93	-106.92
Dividend Per Share, 1 Yr. Growth %	5.56	-36.84	-22.22	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	3.93	-8.4	-	0.03	5.65
Gross Profit, 2 Yr. CAGR %	3.8	-9.1	-	-0.08	4.07
EBITDA, 2 Yr. CAGR %	-5.81	-37.07	-	-8.87	-7.09
EBITA, 2 Yr. CAGR %	-8.71	-48.94	-	-11.18	-10.35
EBIT, 2 Yr. CAGR %	-8.84	-50.02	-	-12.26	-11.2
Earnings From Cont. Operations, 2 Yr. CAGR %	-8.88	-44.9	-	-13.7	-32.29
Net Income, 2 Yr. CAGR %	-6.64	-43.09	-	-16.3	-36.75
Normalized Net Income, 2 Yr. CAGR %	-5.57	-38.87	-	-16.87	-15.71
Diluted EPS Before Extra, 2 Yr. CAGR %	-6.64	-43.09	-	-16.3	-36.75
Accounts Receivable, 2 Yr. CAGR %	-3.77	-6.17	-	0.26	-1.87
Inventory, 2 Yr. CAGR %	9.82	-2.87	-	5.45	0.4
Net Property, Plant and Equip., 2 Yr. CAGR %	17.27	5.14	-	1.41	7.41
Total Assets, 2 Yr. CAGR %	6.61	1.36	-	7.77	3.22
Tangible Book Value, 2 Yr. CAGR %	11.6	4.6	-	6.06	0.92
Common Equity, 2 Yr. CAGR %	10.22	3.92	-	5.67	2.54
Cash From Operations, 2 Yr. CAGR %	3.06	-15.99	-	13.26	-4.76
Capital Expenditures, 2 Yr. CAGR %	34.5	-24.51	-	-7.16	110.1
Levered Free Cash Flow, 2 Yr. CAGR %	-22.42	-30.06	-	-	-57.2
Unlevered Free Cash Flow, 2 Yr. CAGR %	-22.41	-30.02	-	-	-57.36
Dividend Per Share, 2 Yr. CAGR %	13.3	-18.35	-	-11.81	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.1	-2.71	-	-	2.44
Gross Profit, 3 Yr. CAGR %	6.17	-3.09	-	-	1.71
EBITDA, 3 Yr. CAGR %	2.91	-24.43	-	-	-3.94
EBITA, 3 Yr. CAGR %	0.9	-34.44	-	-	-4.84
EBIT, 3 Yr. CAGR %	0.9	-35.33	-	-	-5.58
Earnings From Cont. Operations, 3 Yr. CAGR %	5.15	-29.32	-	-	-19.04
Net Income, 3 Yr. CAGR %	7.2	-26.84	-	-	-23.3
Normalized Net Income, 3 Yr. CAGR %	2.86	-24.35	-	-	-10.79
Diluted EPS Before Extra, 3 Yr. CAGR %	7.2	-26.84	-	-	-23.31
Accounts Receivable, 3 Yr. CAGR %	0.01	-1.64	-	-	4.22
Inventory, 3 Yr. CAGR %	14.69	4.02	-	-	2.99
Net Property, Plant and Equip., 3 Yr. CAGR %	13.78	9.42	-	-	7.39
Total Assets, 3 Yr. CAGR %	7.68	4.33	-	-	6.18
Tangible Book Value, 3 Yr. CAGR %	12.66	8.02	-	-	3.58
Common Equity, 3 Yr. CAGR %	10.94	7	-	-	4.54
Cash From Operations, 3 Yr. CAGR %	28.88	-12.64	-	-	-8.17
Capital Expenditures, 3 Yr. CAGR %	18.01	-4.5	-	-	68.45
Levered Free Cash Flow, 3 Yr. CAGR %	37.11	-24.31	-	-	-
Unlevered Free Cash Flow, 3 Yr. CAGR %	37.09	-24.29	-	-	-
Dividend Per Share, 3 Yr. CAGR %	19.98	-6.75	-	-	-8.04
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	9.54	2.8	-	-	-
Gross Profit, 5 Yr. CAGR %	8.76	1.89	-	-	-
EBITDA, 5 Yr. CAGR %	11.83	-10.07	-	-	-
EBITA, 5 Yr. CAGR %	12.06	-17.13	-	-	-
EBIT, 5 Yr. CAGR %	12.18	-17.68	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	16.02	-10.49	-	-	-
Net Income, 5 Yr. CAGR %	17.22	-8.47	-	-	-
Normalized Net Income, 5 Yr. CAGR %	11.06	-9.27	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	17.22	-8.47	-	-	-
Accounts Receivable, 5 Yr. CAGR %	4.12	3.66	-	-	-
Inventory, 5 Yr. CAGR %	16.94	10.89	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	13.03	9.2	-	-	-
Total Assets, 5 Yr. CAGR %	8.52	5.74	-	-	-
Tangible Book Value, 5 Yr. CAGR %	12.03	10.65	-	-	-
Common Equity, 5 Yr. CAGR %	9.81	8.88	-	-	-
Cash From Operations, 5 Yr. CAGR %	19.5	-2.49	-	-	-
Capital Expenditures, 5 Yr. CAGR %	31.97	4.12	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-4.12	-22.95	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-4.12	-22.93	-	-	-
Dividend Per Share, 5 Yr. CAGR %	24.31	7.39	-	-	-