Cash flow KOSE Holdings Corporation

Equities

4922

JP3283650004

Personal Products

Market Closed - Japan Exchange Other stock markets 07:30:00 10/04/2026 BST			5-day change	1st Jan Change
5,832.00 ^JPY	-1.57%		-3.67%	+11.30%

04-01	Tranche Update on KOSE Holdings Corporation's Equity Buyback Plan announced on February 12, 2026.	CI
03-23	Jefferies Adjusts Kosé's Price Target to 4,400 Yen From 4,300 Yen, Keeps at Underperform	MT

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Published financial data: KOSE HOLDINGS CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	300B	289B	300B	323B	330B
Total Revenues	300B	289B	300B	323B	330B
Cost of Goods Sold, Total	88.68B	83.62B	89.21B	100B	102B
Gross Profit	212B	206B	211B	223B	228B
Selling General & Admin Expenses, Total	186B	178B	190B	200B	203B
Provision for Bad Debts	381M	105M	108M	6M	-
Depreciation & Amortization - (IS)	5.02B	4.92B	5.06B	5.45B	6.35B
Other Operating Expenses, Total	191B	184B	195B	205B	210B
Operating Income	20.62B	22.02B	15.88B	17.36B	18.47B
Interest Expense, Total	-17M	-60M	-11M	-7M	-44M
Interest And Investment Income	1.12B	792M	1.35B	1.12B	1.24B
Net Interest Expenses	1.1B	732M	1.34B	1.11B	1.2B
Currency Exchange Gains (Loss)	4.32B	4.31B	1.98B	2.71B	507M
Other Non Operating Income (Expenses)	1.53B	1.34B	1.05B	466M	1.29B
EBT, Excl. Unusual Items	27.58B	28.39B	20.25B	21.64B	21.46B
Gain (Loss) On Sale Of Investments	-25M	-50M	1M	-2M	96M
Gain (Loss) On Sale Of Assets	-337M	-140M	-217M	2.05B	2.2B
Asset Writedown	-148M	-171M	-193M	-460M	-534M
Other Unusual Items	-543M	-165M	-337M	-4.57B	-1M
EBT, Incl. Unusual Items	26.52B	27.87B	19.5B	18.66B	23.22B
Income Tax Expense	9.7B	8.4B	6.97B	9.73B	7.13B
Earnings From Continuing Operations	16.82B	19.47B	12.53B	8.93B	16.09B
Net Income to Company	16.82B	19.47B	12.53B	8.93B	16.09B
Minority Interest	-178M	-700M	-868M	-1.42B	-976M
Net Income - (IS)	16.65B	18.77B	11.66B	7.51B	15.11B
Net Income to Common Incl Extra Items	16.65B	18.77B	11.66B	7.51B	15.11B
Net Income to Common Excl. Extra Items	16.65B	18.77B	11.66B	7.51B	15.11B
Per Share Items
Net EPS - Basic	291.79	329.02	204.41	131.61	264.83
Basic EPS - Continuing Operations	291.79	329.02	204.41	131.61	264.83
Basic Weighted Average Shares Outstanding	57.05M	57.05M	57.06M	57.06M	57.07M
Net EPS - Diluted	291.79	329.02	204.41	131.61	264.83
Diluted EPS - Continuing Operations	291.79	329.02	204.41	131.61	264.83
Diluted Weighted Average Shares Outstanding	57.05M	57.05M	57.06M	57.06M	57.07M
Normalized Basic EPS	299	298.76	206.62	212.25	217.93
Normalized Diluted EPS	299	298.76	206.62	212.25	217.93
Dividend Per Share	180	140	140	140	140
Payout Ratio	54.83	39.51	68.48	106.36	52.86
American Depositary Receipts Ratio (ADR)	0.2	0.2	0.2	0.2	0.2
Supplemental Items
EBITDA	31.86B	32.72B	26.46B	28.24B	30.99B
EBITA	21.42B	22.98B	16.9B	18.46B	20.11B
EBIT	20.62B	22.02B	15.88B	17.36B	18.47B
Effective Tax Rate - (Ratio)	36.57	30.13	35.75	52.15	30.72
Normalized Net Income	17.06B	17.04B	11.79B	12.11B	12.44B
Non-Cash Pension Expense	-941M	-1.52B	-1.22B	-1.35B	-1.49B
Supplemental Operating Expense Items
Advertising Expense	52.23B	69.93B	74.04B	76.89B	75.37B
Selling and Marketing Expenses	94.74B	87.35B	92.86B	96.21B	95.87B
Research And Development Expense From Footnotes	10.36B	6.09B	6.46B	6.38B	3.93B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	105B	117B	133B	114B	92.46B
Short Term Investments	-	-	-	-	-
Total Cash And Short Term Investments	105B	117B	133B	114B	92.46B
Accounts Receivable, Total	44.06B	51.79B	44.28B	49.87B	55.93B
Total Receivables	44.06B	51.79B	44.28B	49.87B	55.93B
Inventory	63.74B	69.08B	70.88B	69.63B	73.02B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	4.24B	7.08B	8.72B	6.86B	7.53B
Total Current Assets	217B	244B	257B	240B	229B
Net Property Plant And Equipment	59.55B	63.92B	61.25B	73.75B	81.8B
Long-term Investments	25.01B	32.22B	34.54B	39.63B	51.57B
Goodwill	4.62B	4.36B	3.62B	13.51B	5.63B
Other Intangibles, Total	9.65B	10.09B	10.48B	9.74B	19.86B
Deferred Tax Assets Long-Term	3.86B	4.52B	5.04B	6.15B	5.64B
Other Long-Term Assets, Total	2M	1M	1M	2M	2M
Total Assets	320B	360B	372B	383B	393B
Liabilities
Accounts Payable, Total	23.78B	26.3B	27.12B	22.22B	22.33B
Accrued Expenses, Total	10.32B	10.92B	11.63B	13.45B	10.42B
Short-term Borrowings	600M	1.36B	500M	831M	799M
Current Portion of Leases	177M	828M	1.05B	1.41B	1.46B
Current Income Taxes Payable	16.44B	20.64B	21.82B	24.08B	18.92B
Other Current Liabilities	7.81B	7.54B	8.11B	9.18B	9.28B
Total Current Liabilities	59.14B	67.58B	70.22B	71.16B	63.21B
Long-Term Leases	639M	7.79B	8.66B	8.98B	8.39B
Pension & Other Post Retirement Benefits	-	-	-	-	-
Deferred Tax Liability Non Current	1.37B	4.42B	5.04B	6.87B	12.14B
Other Non Current Liabilities	4.6B	4.46B	4.7B	5.48B	4.93B
Total Liabilities	65.75B	84.25B	88.62B	92.49B	88.67B
Common Stock, Total	4.85B	4.85B	4.85B	4.85B	4.85B
Additional Paid In Capital	26M	62M	123M	179M	206M
Retained Earnings	229B	240B	244B	243B	250B
Treasury Stock	-9.09B	-9.08B	-9.07B	-9.06B	-9.03B
Comprehensive Income and Other	13.78B	23.02B	26.43B	32.98B	37.7B
Total Common Equity	238B	259B	266B	272B	284B
Minority Interest	15.91B	16.36B	16.88B	18.33B	20.59B
Total Equity	254B	275B	283B	291B	305B
Total Liabilities And Equity	320B	360B	372B	383B	393B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	57.05M	57.05M	57.06M	57.06M	57.07M
ECS Total Common Shares Outstanding	57.05M	57.05M	57.06M	57.06M	57.07M
Book Value / Share	4.18K	4.54K	4.66K	4.77K	4.98K
Tangible Book Value	224B	245B	252B	249B	259B
Tangible Book Value Per Share	3.93K	4.29K	4.42K	4.36K	4.53K
Total Debt	1.42B	9.98B	10.21B	11.22B	10.66B
Net Debt	-104B	-107B	-123B	-103B	-81.81B
Debt Equivalent of Unfunded Proj. Benefit Obligation	-5.47B	-10.3B	-14.54B	-18.83B	-27.73B
Minority Interest, Total (Incl. Fin. Div)	15.91B	16.36B	16.88B	18.33B	20.59B
Inventories - Raw Materials, Total	27.06B	29.06B	27.4B	26.31B	25.55B
Inventories - Work In Process, Total	2.31B	2.85B	3.39B	3.1B	3.93B
Inventories - Finished Goods, Total	34.37B	37.16B	40.1B	40.22B	43.54B
Full Time Employees	8.61K	7.94K	7.56K	8.13K	8.57K
Accumulated Allowance for Doubtful Accounts (Supple)	156M	664M	121M	151M	141M

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	28.45B	27.87B	19.51B	18.66B	23.22B
Depreciation & Amortization - CF	10.44B	9.74B	9.56B	9.78B	10.88B
Amortization of Goodwill and Intangible Assets - (CF)	800M	959M	1.02B	1.1B	1.64B
Depreciation & Amortization, Total	11.24B	10.7B	10.58B	10.88B	12.52B
(Gain) Loss From Sale Of Asset	569M	307M	409M	-1.59B	-1.66B
(Gain) Loss on Sale of Investments - (CF)	33.33M	50M	-1M	2M	-96M
Other Operating Activities, Total	-8.92B	-6.18B	-8.18B	-6.72B	-8.76B
Change In Accounts Receivable	-5.35B	-7.44B	8.71B	-3.78B	-5.98B
Change In Inventories	-6.06B	-3.01B	-329M	1.31B	-3.28B
Change In Accounts Payable	3.82B	2.08B	1.59B	-7.15B	1.87B
Change in Other Net Operating Assets	-52M	-4.12B	-1.85B	6.76B	-6.7B
Cash from Operations	23.73B	20.26B	30.44B	18.38B	11.14B
Capital Expenditure	-3.93B	-4.25B	-3.38B	-18.76B	-17.06B
Sale of Property, Plant, and Equipment	183M	310M	82M	2.76B	3.13B
Cash Acquisitions	-	-	-	-11.59B	-84M
Divestitures	-	-	-	-	-
Sale (Purchase) of Intangible assets	-2.19B	-2.85B	-2.14B	-2.29B	-4.28B
Investment in Marketable and Equity Securities, Total	-24M	406M	-5.38B	20.9B	747M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-44M	-83M	-98M	-23M	-78M
Other Investing Activities, Total	-296M	157M	-303M	63M	-125M
Cash from Investing	-6.3B	-6.31B	-11.23B	-8.93B	-17.74B
Short Term Debt Issued, Total	6.87B	781M	-	-	-
Long-Term Debt Issued, Total	245M	-	-	-	-
Total Debt Issued	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	-9.13B	-7.42B	-7.99B	-7.99B	-7.99B
Common & Preferred Stock Dividends Paid	-9.13B	-7.42B	-7.99B	-7.99B	-7.99B
Other Financing Activities, Total	-741M	-577M	-606M	-694M	-2.01B
Cash from Financing	-19.07B	-7.31B	-9.68B	-8.68B	-10B
Foreign Exchange Rate Adjustments	4.07B	5.55B	2.07B	1.32B	-403M
Miscellaneous Cash Flow Adjustments	8M	-1M	-1M	-	-1M
Net Change in Cash	2.43B	12.19B	11.6B	2.09B	-17.01B
Supplemental Items
Cash Interest Paid	13.33M	67M	16M	13M	62M
Cash Income Tax Paid (Refund)	11.15B	5.65B	7.87B	6.55B	8.84B
Levered Free Cash Flow	8.88B	8.45B	22.32B	-1.55B	-15.39B
Unlevered Free Cash Flow	8.89B	8.49B	22.32B	-1.54B	-15.37B
Change In Net Working Capital	-284M	8.87B	-7.34B	2.23B	18.1B
Net Debt Issued / Repaid	-9.2B	683M	-1.09B	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	2.65	4.05	2.71	2.87	2.97
Return on Total Capital	3.33	5.09	3.43	3.65	3.74
Return On Equity %	4.92	7.35	4.49	3.11	5.4
Return on Common Equity	5.34	7.55	4.44	2.79	5.43
Margin Analysis
Gross Profit Margin %	70.46	71.08	70.3	68.96	69.04
SG&A Margin	61.79	61.73	63.3	61.89	61.53
EBITDA Margin %	10.61	11.32	8.81	8.75	9.39
EBITA Margin %	7.14	7.95	5.63	5.72	6.09
EBIT Margin %	6.87	7.61	5.29	5.38	5.59
Income From Continuing Operations Margin %	5.6	6.73	4.17	2.77	4.87
Net Income Margin %	5.54	6.49	3.88	2.33	4.58
Net Avail. For Common Margin %	5.54	6.49	3.88	2.33	4.58
Normalized Net Income Margin	5.68	5.9	3.92	3.75	3.77
Levered Free Cash Flow Margin	3.18	2.92	7.43	-0.48	-4.66
Unlevered Free Cash Flow Margin	3.18	2.94	7.43	-0.48	-4.65
Asset Turnover
Asset Turnover	0.91	0.85	0.82	0.86	0.85
Fixed Assets Turnover	4.33	4.68	4.8	4.78	4.25
Receivables Turnover (Average Receivables)	7.2	6.03	6.25	6.86	6.24
Inventory Turnover (Average Inventory)	1.3	1.26	1.27	1.43	1.43
Short Term Liquidity
Current Ratio	3.67	3.62	3.66	3.38	3.62
Quick Ratio	2.53	2.49	2.52	2.3	2.35
Operating Cash Flow to Current Liabilities	0.4	0.3	0.43	0.26	0.18
Days Sales Outstanding (Average Receivables)	50.72	60.49	58.36	53.38	58.48
Days Outstanding Inventory (Average Inventory)	279.82	289.88	286.32	256.66	254.69
Average Days Payable Outstanding	104.26	102.73	107.11	91.25	76.98
Cash Conversion Cycle (Average Days)	226.28	247.64	237.58	218.8	236.18
Long Term Solvency
Total Debt/Equity	0.56	3.63	3.61	3.86	3.5
Total Debt / Total Capital	0.55	3.5	3.48	3.72	3.38
LT Debt/Equity	0.25	2.83	3.06	3.09	2.75
Long-Term Debt / Total Capital	0.25	2.73	2.95	2.98	2.66
Total Liabilities / Total Assets	20.55	23.43	23.84	24.14	22.54
EBIT / Interest Expense	1.21K	366.93	1.44K	2.48K	419.7
EBITDA / Interest Expense	1.87K	545.3	2.41K	4.03K	704.34
(EBITDA - Capex) / Interest Expense	1.64K	474.47	2.1K	1.35K	316.57
Total Debt / EBITDA	0.04	0.31	0.39	0.4	0.34
Net Debt / EBITDA	-3.26	-3.26	-4.63	-3.64	-2.64
Total Debt / (EBITDA - Capex)	0.05	0.35	0.44	1.18	0.76
Net Debt / (EBITDA - Capex)	-3.72	-3.74	-5.31	-10.84	-5.87
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-14.75	-3.7	3.9	7.44	2.3
Gross Profit, 1 Yr. Growth %	-15.52	-2.85	2.76	5.39	2.43
EBITDA, 1 Yr. Growth %	-51.36	2.69	-19.13	6.73	9.73
EBITA, 1 Yr. Growth %	-66.19	7.23	-26.43	9.24	8.93
EBIT, 1 Yr. Growth %	-67.45	6.74	-27.88	9.33	6.38
Earnings From Cont. Operations, 1 Yr. Growth %	-57.46	15.73	-35.64	-28.76	80.24
Net Income, 1 Yr. Growth %	-55.08	12.77	-37.87	-35.61	101.25
Normalized Net Income, 1 Yr. Growth %	-51.45	-0.07	-30.84	2.73	2.7
Diluted EPS Before Extra, 1 Yr. Growth %	-55.08	12.76	-37.87	-35.62	101.22
Accounts Receivable, 1 Yr. Growth %	2.76	17.55	-14.49	12.61	12.16
Inventory, 1 Yr. Growth %	-6.68	8.37	2.61	-1.76	4.86
Net Property, Plant and Equip., 1 Yr. Growth %	-4.74	7.34	-4.19	20.41	10.92
Total Assets, 1 Yr. Growth %	-0.07	12.37	3.35	3.08	2.7
Tangible Book Value, 1 Yr. Growth %	1.19	9.13	3.07	-1.19	3.88
Common Equity, 1 Yr. Growth %	0.84	8.66	2.77	2.31	4.37
Cash From Operations, 1 Yr. Growth %	-37.23	-14.63	50.25	-39.63	-39.4
Capital Expenditures, 1 Yr. Growth %	-51.85	8.27	-20.4	454.57	-9.06
Levered Free Cash Flow, 1 Yr. Growth %	-27.97	-	164.02	-106.94	894.48
Unlevered Free Cash Flow, 1 Yr. Growth %	-27.91	-	162.93	-106.92	895.52
Dividend Per Share, 1 Yr. Growth %	-36.84	-22.22	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-8.4	-	0.03	5.65	4.84
Gross Profit, 2 Yr. CAGR %	-9.1	-	-0.08	4.07	3.9
EBITDA, 2 Yr. CAGR %	-37.07	-	-8.87	-7.09	8.22
EBITA, 2 Yr. CAGR %	-48.94	-	-11.18	-10.35	9.08
EBIT, 2 Yr. CAGR %	-50.02	-	-12.26	-11.2	7.84
Earnings From Cont. Operations, 2 Yr. CAGR %	-44.9	-	-13.7	-32.29	13.31
Net Income, 2 Yr. CAGR %	-43.09	-	-16.3	-36.75	13.84
Normalized Net Income, 2 Yr. CAGR %	-38.87	-	-16.87	-15.71	2.72
Diluted EPS Before Extra, 2 Yr. CAGR %	-43.09	-	-16.3	-36.75	13.82
Accounts Receivable, 2 Yr. CAGR %	-6.17	-	0.26	-1.87	12.39
Inventory, 2 Yr. CAGR %	-2.87	-	5.45	0.4	1.5
Net Property, Plant and Equip., 2 Yr. CAGR %	5.14	-	1.41	7.41	15.57
Total Assets, 2 Yr. CAGR %	1.36	-	7.77	3.22	2.89
Tangible Book Value, 2 Yr. CAGR %	4.6	-	6.06	0.92	1.31
Common Equity, 2 Yr. CAGR %	3.92	-	5.67	2.54	3.33
Cash From Operations, 2 Yr. CAGR %	-15.99	-	13.26	-4.76	-39.51
Capital Expenditures, 2 Yr. CAGR %	-24.51	-	-7.16	110.1	124.58
Levered Free Cash Flow, 2 Yr. CAGR %	-30.06	-	-	-57.2	-16.94
Unlevered Free Cash Flow, 2 Yr. CAGR %	-30.02	-	-	-57.36	-17.03
Dividend Per Share, 2 Yr. CAGR %	-18.35	-	-11.81	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-2.71	-	-	2.44	4.53
Gross Profit, 3 Yr. CAGR %	-3.09	-	-	1.71	3.52
EBITDA, 3 Yr. CAGR %	-24.43	-	-	-3.94	-1.79
EBITA, 3 Yr. CAGR %	-34.44	-	-	-4.84	-4.34
EBIT, 3 Yr. CAGR %	-35.33	-	-	-5.58	-5.69
Earnings From Cont. Operations, 3 Yr. CAGR %	-29.32	-	-	-19.04	-6.16
Net Income, 3 Yr. CAGR %	-26.84	-	-	-23.3	-6.97
Normalized Net Income, 3 Yr. CAGR %	-24.35	-	-	-10.79	-9.97
Diluted EPS Before Extra, 3 Yr. CAGR %	-26.84	-	-	-23.31	-6.98
Accounts Receivable, 3 Yr. CAGR %	-1.64	-	-	4.22	2.6
Inventory, 3 Yr. CAGR %	4.02	-	-	2.99	1.87
Net Property, Plant and Equip., 3 Yr. CAGR %	9.42	-	-	7.39	8.57
Total Assets, 3 Yr. CAGR %	4.33	-	-	6.18	3.04
Tangible Book Value, 3 Yr. CAGR %	8.02	-	-	3.58	1.89
Common Equity, 3 Yr. CAGR %	7	-	-	4.54	3.14
Cash From Operations, 3 Yr. CAGR %	-12.64	-	-	-8.17	-18.08
Capital Expenditures, 3 Yr. CAGR %	-4.5	-	-	68.45	58.93
Levered Free Cash Flow, 3 Yr. CAGR %	-24.31	-	-	-	22.12
Unlevered Free Cash Flow, 3 Yr. CAGR %	-24.29	-	-	-	21.87
Dividend Per Share, 3 Yr. CAGR %	-6.75	-	-	-8.04	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	2.8	-	-	-	-
Gross Profit, 5 Yr. CAGR %	1.89	-	-	-	-
EBITDA, 5 Yr. CAGR %	-10.07	-	-	-	-
EBITA, 5 Yr. CAGR %	-17.13	-	-	-	-
EBIT, 5 Yr. CAGR %	-17.68	-	-	-	-
Earnings From Cont. Operations, 5 Yr. CAGR %	-10.49	-	-	-	-
Net Income, 5 Yr. CAGR %	-8.47	-	-	-	-
Normalized Net Income, 5 Yr. CAGR %	-9.27	-	-	-	-
Diluted EPS Before Extra, 5 Yr. CAGR %	-8.47	-	-	-	-
Accounts Receivable, 5 Yr. CAGR %	3.66	-	-	-	-
Inventory, 5 Yr. CAGR %	10.89	-	-	-	-
Net Property, Plant and Equip., 5 Yr. CAGR %	9.2	-	-	-	-
Total Assets, 5 Yr. CAGR %	5.74	-	-	-	-
Tangible Book Value, 5 Yr. CAGR %	10.65	-	-	-	-
Common Equity, 5 Yr. CAGR %	8.88	-	-	-	-
Cash From Operations, 5 Yr. CAGR %	-2.49	-	-	-	-
Capital Expenditures, 5 Yr. CAGR %	4.12	-	-	-	-
Levered Free Cash Flow, 5 Yr. CAGR %	-22.95	-	-	-	-
Unlevered Free Cash Flow, 5 Yr. CAGR %	-22.93	-	-	-	-
Dividend Per Share, 5 Yr. CAGR %	7.39	-	-	-	-