# Shiseido vs KOSE Holdings

> Unit: JPY millions (ratios in %)
> Periods: Shiseido = FY ending Dec 2025, consolidated, IFRS / KOSE Holdings = FY ending Dec 2025, consolidated, J-GAAP
> Retrieved: 2026-09-30T22:50:32.223Z

| Metric | Shiseido | KOSE Holdings |
| --- | ---: | ---: |
| Revenue | 969,992 | 330,193 |
| Operating income | -28,788 | 18,467 |
| Net income | -40,680 | 15,114 |
| COGS ratio | 23.4% | 31.0% |
| Operating margin | -3.0% | 5.6% |
| Net margin | -4.2% | 4.6% |
| FCF margin | 6.7% | -3.1% |
| Period | FY ending Dec 2025 | FY ending Dec 2025 |
| Source | S100XSCU | S100XSUW |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Shiseido | KOSE Holdings |
| --- | ---: | ---: |
| Revenue growth | 25 (22 peers) | — |
| Profitability | 13.5 (26 peers) | 44.2 (26 peers) |
| Cash conversion | — | 11.4 (22 peers) |
| Efficiency | 25 (26 peers) | 36.5 (26 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/shiseido/md
- https://vizora.meequs.com/en/company/kose-holdings/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).