Kose Holdings lowered its consolidated full-year forecast for the fiscal year ending December 2026. It expects net sales of ¥340 billion versus the previous forecast of ¥350 billion, operating profit of ¥15.5 billion, ordinary profit of ¥18.3 billion and net income of ¥10.5 billion. Intensifying competition in Japan’s mass market and prolonged travel restrictions affected results.
Kose Holdings lowered its consolidated full-year forecast for the fiscal year ending December 2026, projecting net sales of ¥340 billion, operating profit of ¥15.5 billion, ordinary profit of ¥18.3 billion and net income attributable to owners of the parent of ¥10.5 billion. All figures were revised downward from the previous forecast, while net sales are expected to increase 3.0% from the previous forecast.
Intensifying competition in Japan’s mass market and the prolonged impact of flight reductions caused by travel restrictions between Japan and China are expected to weigh on Kose’s mass-market brands and Kose Cosmeport. Albion’s domestic duty-free business is also expected to be affected.
For the January-September 2026 period, consolidated net sales were ¥249.426 billion, operating profit was ¥12.758 billion, ordinary profit was ¥14.145 billion and quarterly net income was ¥6.983 billion. Overseas sales accounted for 38.9%.
By region, Japan declined 3.0% to ¥152.354 billion, Asia increased 26.8% to ¥37.9 billion and North America increased 8.0% to ¥51.184 billion. Higher profits at Tarte and Kose’s business, and lower profits at Albion and Kose Cosmeport, affected overall results.
While higher sales in Asia and North America raised the overseas sales ratio, weakness in Japan’s duty-free business and intensifying competition in the mass market were cited as factors behind the downward revision.