Daily BriefsJapan

Japan: Kose Corp and more

In today’s briefing:

  • KOSE: Losing Ground In Japan

KOSE: Losing Ground In Japan

By Oshadhi Kumarasiri

Kose Corp (4922 JP) delivered 4QFY21 results on 30th April 2021 with revenue and operating profit falling broadly in line with the revised company guidance and consensus estimates.

Kose’s revenue declined 4.3% YoY in 4QFY21, compared to 26.5%, 21.2% and 5.6% YoY in 1QFY21, 2QFY21 and 3QFY21 respectively.

The company’s 4QFY21 operating profit was ¥2.2bn, compared to ¥1.1bn in 1QFY21, ¥2.9bn in 2QFY21 and ¥7.1bn in 3QFY21.

The company is shifting to a December year-end from 2021. For the next calendar year (9 months period from April-December 2021) Kose guided for ¥230bn in revenue and ¥20bn in OP, compared to consensus estimates of ¥245bn and ¥26.8bn respectively.

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