Financials KOSÉ Corporation

Equities

4922

JP3283650004

Personal Products

Delayed Japan Exchange Other stock markets 03:30:00 15/07/2025 BST			5-day change	1st Jan Change
5,746.00 ^JPY	-0.05%		-2.33%	-19.96%

05-23	KOSÉ Completes Disposal of Treasury Shares for Restricted Stock Compensation	MT
02-27	KOSÉ to Transition to Holding Company Structure in 2026	MT

Projected Income Statement: KOSÉ Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	327,724	224,983	289,136	300,406	322,700	334,094	347,232	361,566
Change	-	-31.35%	28.51%	3.9%	7.42%	3.53%	3.93%	4.13%
EBITDA ¹	49,864	27,279	32,822	26,567	27,000	31,423	35,325	39,410
Change	-	-45.29%	20.32%	-19.06%	1.63%	16.38%	12.42%	11.57%
EBIT ¹	40,231	18,852	22,120	15,985	17,300	20,182	22,776	26,153
Change	-	-53.14%	17.34%	-27.74%	8.23%	16.66%	12.85%	14.83%
Interest Paid ¹	-7	-12	-60	-11	-7	-184	-	-
Earnings before Tax (EBT) ¹	40,365	21,335	27,867	19,506	18,600	21,630	24,113	27,426
Change	-	-47.14%	30.62%	-30%	-4.64%	16.29%	11.48%	13.74%
Net income ¹	26,682	13,341	18,771	11,663	7,500	13,483	15,066	17,194
Change	-	-50%	40.7%	-37.87%	-35.69%	79.77%	11.74%	14.12%
Announcement Date	30/04/20	14/02/22	13/02/23	13/02/24	12/02/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	81,721	89,052	78,261	78,690	58,770	64,163	102,050	59,013	71,591	70,283	88,249	68,158	76,137	74,666	81,445	77,583	81,550	79,592	83,975	78,998	82,808	82,892	90,294
Change	-	8.97%	-12.12%	0.55%	-25.31%	9.18%	59.05%	-42.17%	21.31%	-1.83%	25.56%	-22.77%	11.71%	-1.93%	9.08%	-4.74%	5.11%	-2.4%	5.51%	-5.93%	4.82%	0.1%	8.93%
EBITDA	-	-	-	-	-	-	-	-	9,329	8,063	12,472	8,341	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-13.57%	54.68%	-33.12%	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	13,334	14,980	9,536	2,381	3,456	5,333	10,063	370	6,839	5,272	9,639	5,833	4,587	5,609	-44	7,902	5,846	5,067	-1,515	6,659	5,459	5,949	2,990
Change	-	12.34%	-36.34%	-75.03%	45.15%	54.31%	88.69%	-96.32%	1,748.38%	-22.91%	82.83%	-39.49%	-21.36%	22.28%	-100.78%	18,059.09%	-26.02%	-13.33%	-129.9%	539.54%	-18.02%	8.97%	-49.73%
Charge d'intérêts	-	-	-1	-	-	-	-	-26	-	-	-	-15	-	-	-	-1	-	-	-	-15	-	-	-
Earnings before Tax (EBT) ¹	12,886	-	10,216	2,168	3,699	5,874	11,762	2,885	12,036	7,254	5,692	6,294	-	6,943	-	10,273	8,411	-192	164	7,663	4,713	3,994	6,755
Change	-	-	-	-78.78%	70.62%	58.8%	100.24%	-75.47%	317.19%	-39.73%	-21.53%	10.58%	-	-	-	-	-18.13%	-102.28%	185.42%	4,572.56%	-38.5%	-15.26%	69.13%
Net income ¹	8,420	9,772	6,681	1,809	2,378	3,081	7,882	1,437	7,446	4,958	4,930	3,897	4,800	4,451	-1,485	6,943	4,667	-2,198	-1,912	5,292	3,172	3,392	2,398
Change	-	16.06%	-31.63%	-72.92%	31.45%	29.56%	155.83%	-81.77%	418.16%	-33.41%	-0.56%	-20.95%	23.17%	-7.27%	-133.36%	567.54%	-32.78%	-147.1%	13.01%	376.78%	-40.07%	6.94%	-29.31%
Announcement Date	31/07/19	31/10/19	31/01/20	30/04/20	30/07/21	29/10/21	14/02/22	12/05/22	10/08/22	11/11/22	13/02/23	11/05/23	09/08/23	13/11/23	13/02/24	08/05/24	07/08/24	11/11/24	12/02/25	09/05/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 S2	2021 S1	2021 S2	2022 S1	2022 S2	2023 S1	2023 S2	2024 S1	2024 S2	2025 S1	2025 S2
Net sales ¹	156,951	134,024	102,050	130,604	158,532	144,295	156,111	159,133	163,567	160,200	181,500
Change	-	-14.61%	-23.86%	27.98%	21.38%	-8.98%	8.19%	1.94%	2.79%	-2.06%	13.3%
EBITDA	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	11,917	5,609	10,063	7,209	14,911	10,420	5,565	13,748	3,552	13,900	7,700
Change	-	-52.93%	79.41%	-28.36%	106.84%	-30.12%	-46.59%	147.04%	-74.16%	291.33%	-44.6%
Charge d'intérêts	-	-	-	-29	-	-9	-	-7	-	-	-
Earnings before Tax (EBT)	-	8,887	-	14,921	-	13,636	-	18,684	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-
Net income	8,490	5,683	-	8,883	-	8,697	-	11,610	-	-	-
Change	-	-33.06%	-	-	-	-	-	-	-	-	-
Announcement Date	30/04/20	30/07/21	14/02/22	10/08/22	13/02/23	09/08/23	13/02/24	07/08/24	12/02/25	-	-

¹JPY in Million

Estimates

Forecast Balance Sheet: KOSÉ Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	-95,903	-103,865	-106,553	-35,000	-102,748	-103,004	-103,026	-107,676
Change	-	-8.3%	-2.59%	67.15%	-193.57%	-0.25%	-0.02%	-4.51%
Announcement Date	30/04/20	14/02/22	13/02/23	13/02/24	12/02/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: KOSÉ Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	19,874	5,149	6,847	11,200	21,400	21,026	17,926	16,098
Change	-	-74.09%	32.98%	63.58%	91.07%	-1.75%	-14.74%	-10.2%
Free Cash Flow (FCF) ¹	18,084	13,077	13,950	19,200	9,447	6,964	10,630	17,327
Change	-	-27.69%	6.68%	37.63%	-50.8%	-26.29%	52.66%	62.99%
Announcement Date	30/04/20	14/02/22	13/02/23	13/02/24	12/02/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: KOSÉ Corporation

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	15.22%	12.12%	11.35%	8.84%	8.37%	9.41%	10.17%	10.9%
EBIT Margin (%)	12.28%	8.38%	7.65%	5.32%	5.36%	6.04%	6.56%	7.23%
EBT Margin (%)	12.32%	9.48%	9.64%	6.49%	5.76%	6.47%	6.94%	7.59%
Net margin (%)	8.14%	5.93%	6.49%	3.88%	2.32%	4.04%	4.34%	4.76%
FCF margin (%)	5.52%	5.81%	4.82%	6.39%	2.93%	2.08%	3.06%	4.79%
FCF / Net Income (%)	67.78%	98.02%	74.32%	164.62%	125.96%	51.65%	70.56%	100.77%
Profitability
ROA	13.45%	4.25%	5.52%	5.54%	5.74%	3.58%	3.98%	4.51%
ROE	12.3%	6.03%	7.5%	4.4%	2.8%	4.94%	5.45%	6.08%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.06%	2.29%	2.37%	3.73%	6.63%	6.29%	5.16%	4.45%
CAPEX / EBITDA (%)	39.86%	18.88%	20.86%	42.16%	79.26%	66.91%	50.75%	40.85%
CAPEX / FCF (%)	109.9%	39.37%	49.08%	58.33%	226.53%	301.95%	168.63%	92.91%
Items per share
Cash flow per share ¹	622.7	312	499.8	371.9	303	297.2	552.3	637.8
Change	-	-49.89%	60.18%	-25.59%	-18.54%	-1.9%	85.83%	15.49%
Dividend per Share ¹	190	120	140	140	140	140	144.5	149.5
Change	-	-36.84%	16.67%	0%	0%	0%	3.25%	3.46%
Book Value Per Share ¹	3,920	3,706	4,539	4,665	4,772	4,832	4,874	5,017
Change	-	-5.46%	22.48%	2.76%	2.29%	1.27%	0.85%	2.94%
EPS ¹	467.8	233.9	329	204.4	131.6	236.3	264.2	301.3
Change	-	-50%	40.7%	-37.87%	-35.62%	79.52%	11.82%	14.04%
Nbr of stocks (in thousands)	57,048	57,050	57,054	57,058	57,065	57,065	57,065	57,065
Announcement Date	30/04/20	14/02/22	13/02/23	13/02/24	12/02/25	-	-	-