Revised forecast
Fiscal year ending December 2026 · Full yearPrevious forecast published 12 February 2026The bar length represents the relative magnitude of change, based on the item that changed the most in this document.
KOSÉ’s mass brands and KOSÉ COSMEPORT business underperforming assumptions due to intensifying competition in Japan’s mass market, domestic duty-free sales in the ALBION business undershooting forecasts as the impact of reduced flights caused by travel restrictions between Japan and China persists, lower gross profit accompanying the decline in revenue, and changes in the channel mix in the Tarte business.
| Item | Details |
|---|---|
| Net Sales | ¥350,000 million → ¥340,000 million（-2.9%） |
| Operating profit | ¥20,000 million → ¥15,500 million（-22.5%） |
| Ordinary income | ¥21,000 million → ¥18,300 million（-12.9%） |
| Profit attributable to owners of the parent | ¥12,100 million → ¥10,500 million（-13.2%） |
| Net income per share | 213.21 Yen → 185.03 Yen（-13.2%） |
| Fiscal Period Covered | Fiscal year ending December 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 12 February 2026 |
| Reason for the revision | KOSÉ’s mass brands and KOSÉ COSMEPORT business underperforming assumptions due to intensifying competition in Japan’s mass market, domestic duty-free sales in the ALBION business undershooting forecasts as the impact of reduced flights caused by travel restrictions between Japan and China persists, lower gross profit accompanying the decline in revenue, and changes in the channel mix in the Tarte business. |
| Dividend forecast revision | No change |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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.Competition intensified in Japan’s mass market, and KOSÉ’s mass brands and KOSÉ COSMEPORT business are expected to underperform assumptions. In addition, domestic duty-free sales in the ALBION business are expected to undershoot forecasts as the impact of reduced flights caused by travel restrictions between Japan and China persists, resulting in lower gross profit. Changes in the channel mix in the Tarte business are also expected to weigh on operating profit.