KOSE HoldingsKOSE Holdings Corporation4922東証プライム化学FY ending Dec 2025, consolidated, J-GAAP

KOSE Holdings FY ending Dec 2025 results

About 79% of KOSE Holdings's sales come from Cosmetics Business, with Cosmetaries Business and Other making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed +2.3% from the prior year, operating profit +6.4%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +2.3% · profit +6.4%, calculated from disclosed figures.

Operating leverage: 2.76× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue: +2.3%¥322.8B → ¥330.2B
Gross profit: +2.4%¥222.6B → ¥228B
Operating income: +6.4%¥17.4B → ¥18.5B
Net income attributable to owners: +101.3%¥7.51B → ¥15.1B
Operating cash flow: -39.4%¥18.4B → ¥11.1B
Free cash flow: Loss-¥2.67B → -¥10.3B

Results at a glance

Revenue for FY ending Dec 2025 was ¥330.2B, up +2.3% from ¥322.8B.
Operating income grew faster, rising +6.4% to ¥18.5B.
Net income attributable to owners roughly doubled, up +101.3% from ¥7.51B to ¥15.1B.
Cash generation weakened: operating cash flow fell -39.4% to ¥11.1B, and free cash flow went further negative to -¥10.3B.

What drove the change

Sales grew at the core KOSÉ, ALBION and KOSÉ COSMEPORT businesses.
Tarte and ALBION earned less after heavy marketing spending, but the KOSÉ business held down selling and admin costs, and mainland China turned profitable after restructuring.
Net income jumped mainly because the prior year carried a loss from winding down operations in mainland China, and income taxes were lower.

Things to watch

US shoppers have become more price-sensitive, making life hard for mid- and high-priced brands, and the tariff outlook is still unclear.
Spending by Chinese tourists in Japan slowed from December after China's government told its citizens to avoid travel to Japan.
In China, local brands are gaining ground and consumer spending remains weak.

Annual Securities Report, 84th term (Jan–Dec 2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 (MD&A) · Annual Securities Report, 84th term (Jan–Dec 2025) / 事業等のリスク (Business risks)

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 KOSE Holdings sells, how much goes where, and how much is kept.

FY ending Dec 2025

Cost of sales: ¥31
SG&A: ¥63
Operating profit: ¥6
Net profit kept: ¥5

Annual margin trends

Gross margin69.0%

Operating margin5.6%

Net margin4.6%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Cosmetics Business¥262.3B
79%
Op. margin 6.4%Industry: Cosmetics
Cosmetaries Business¥64.5B
20%
Op. margin 9.7%Industry: Cosmetics
Other¥3.4B
1%
Op. margin 49.9%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (5)

EDINET (FSA Japan)
有価証券報告書－第84期(2025/01/01－2025/12/31)
ID S100XSUW2026-03-24Open
EDINET (FSA Japan)
有価証券報告書－第83期(2024/01/01－2024/12/31)
ID S100VI3L2025-03-28Open
EDINET (FSA Japan)
有価証券報告書－第82期(2023/01/01－2023/12/31)
ID S100T4ZN2024-03-28Open
EDINET (FSA Japan)
有価証券報告書－第81期(2022/01/01－2022/12/31)
ID S100QHOZ2023-03-30Open
EDINET (FSA Japan)
有価証券報告書－第80期(令和3年4月1日－令和3年12月31日)
ID S100NSBC2022-03-30Open

Extracted from XBRL: 53 / Derived from other figures: 1

Spotted an error? Report it (corrections keep the original record)

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