Results for this period
Interim period (second quarter)1 January 2026–30 June 2026ConsolidatedJapanese GAAPThe width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Stacked from zero: upward is an increase in cash, downward a decrease (in Millions of yen).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
The decline in sales and profit in the ALBION business and KOSÉ COSMEPORT business was offset by duty-free sales in China in the Tarte business and KOSÉ business. Operating profit was affected by advertising and promotional expenses, event expenses, the higher cost ratio, and increased marketing expenses associated with major campaigns.
Not applicable (no matters to report in the notes on the going concern assumption)
| Item | Details |
|---|---|
| Fiscal Period Classification | Interim period (second quarter) |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–30 June 2026 |
| Net Sales | 164,915 Millions of yen (YoY +2.7%) |
| Operating profit | 6,617 Millions of yen (YoY -41.5%) |
| Ordinary income | 8,816 Millions of yen (YoY -8.2%) |
| Profit attributable to owners of the parent | 5,682 Millions of yen (YoY -19.9%) |
| Net income per share | ¥99.84 |
| Equity ratio | End of the current fiscal period 72.7% / End of previous period 72.2% |
| Total assets | 391,070 Millions of yen |
| Net assets | 304,740 Millions of yen |
| Cash flows from operating activities | 11,040 Millions of yen |
| Cash flows from investing activities | -19,254 Millions of yen |
| Cash flows from financing activities | -8,411 Millions of yen |
| Cash and cash equivalents at end of period | 74,856 Millions of yen |
| Full-year earnings forecast | Net Sales 350,000 Millions of yen (YoY +6.0%) / Operating profit 20,000 Millions of yen (YoY +8.3%) / Ordinary income 21,000 Millions of yen (YoY -2.2%) / Net income 12,100 Millions of yen (YoY -19.9%) |
| Annual Dividend Forecast | ¥140 → ¥150 |
| Segment revenue | Cosmetics Business 133,305 Millions of yen (YoY +4.2%), Cosmetary business 30,185 Millions of yen (YoY -3.4%) |
| Segment profit | Cosmetics Business 7,875 Millions of yen (YoY -19.5%), Cosmetary business 1,411 Millions of yen (YoY -62.6%) |
| Regional sales | 101,196 Millions of yen (YoY -3.4%), 26,141 Millions of yen (YoY +24.0%), 32,658 Millions of yen (YoY +5.9%), 4,918 Millions of yen (YoY +28.3%) |
| Depreciation and amortization | 4,903 Millions of yen |
| Impairment loss | 41 Millions of yen |
| Breakdown of extraordinary income (loss) | Extraordinary income Gain on sale of non-current assets 4 Millions of yen, Gain on sale of investment securities 148 Millions of yen / Extraordinary loss Losses on disposal of fixed assets 277 Millions of yen, Impairment Losses 41 Millions of yen, Impairment loss on investment securities 1 Millions of yen |
| Disclosure regarding the going concern assumption | Not applicable (no matters to report in the notes on the going concern assumption) |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New 0 companies / Excluded 0 companies / Company name None |
| Material subsequent events | At a meeting of the Board of Directors held on 6 August 2026, the Company decided to implement the voluntary retirement program “Special Life Challenge” at KOSÉ Corporation and KOSÉ Cosmetics Sales Co., Ltd. The program will seek approximately 80 applicants, with applications accepted from 1 September 2026 to 15 September 2026 and retirement effective 31 January 2027. The number of applicants and the total amount of additional retirement allowances have not been determined, making it difficult to reasonably estimate the impact on earnings. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors and analysts) |
| Issued Shares at Period-End | 60,592,541 shares |
| Treasury Shares at Period-End | 3,842,095 shares |
| Factors Behind Changes in Business Performance | The decline in sales and profit in the ALBION business and KOSÉ COSMEPORT business was offset by duty-free sales in China in the Tarte business and KOSÉ business. Operating profit was affected by advertising and promotional expenses, event expenses, the higher cost ratio, and increased marketing expenses associated with major campaigns. |
Items this document does not state (5)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The decline in operating profit was attributable to lower profit in the ALBION business and KOSÉ COSMEPORT business, the concentration of advertising and promotional expenses and event expenses in the first half, lower sales and a higher cost ratio, and increased marketing expenses related to major campaigns. Interim net income declined due to the absence of the ¥2,715 million gain on the sale of non-current assets recorded in the same period of the previous fiscal year. Meanwhile, net sales increased, supported by strong performance in duty-free sales in China, while the decline in ordinary income narrowed due to higher foreign exchange gains resulting from the weaker yen.