Kose Asia 9-Month Sales of $1.956 Billion, up 4.5%

Chaileedo Press
Feb 15, 2022
2 min read

Japan's Kose Group announced its financial results as of December 2021 (from April 1, 2021 to December 31, 2021). For the period, its sales were $1.956 billion, up 4.8% year-on-year. Its operating profit was $164 million, up 14.1% year-on-year.

On February 14, Japan's Kose Group announced its financial results as of December 2021 (from April 1, 2021 to December 31, 2021). For the period, its sales were $1.956 billion, up 4.8% year-on-year. Its operating profit was $164 million, up 14.1% year-on-year and its net income attributable to shareholders of the parent company was $116 million, down 4.4% year-on-year.

In terms of products, the Cosmetics Division reported its sales of $1.645 billion for the period, with an operating profit of $198 million. Its premium brand DECORTE is doing well in China and Japan and sales of ALBION, ADDICTIO and JILL STUART have also expanded in Japan.

The financial report showed that the domestic economy in Japan improved due to the lifting of the emergency situation of COVID-19 on September 30. High-end brand specialty stores and department stores recovered well while mass channels remained in a difficult position due to fierce competition but they still expanded their share in the sensitive skin market.

In addition, sales of Kose in China and Europe and America developed well, with sales in Europe, America and Asia accounting for 49.3% of consolidated sales. The Chinese department store channel continued to improve, while the "6.18"(Tmall’s promotion on June 18th) and "Double 11"(Chinese Shopping Carnival) promotions had a significant increase in revenue compared to the same period last year with sales in Asia reaching $645 million, up 4.5% year-on-year.

It is worth mentioning that last year, Kose participated in the 4th China International Import Expo for the first time, showing the group's achievements in the field of high-end beauty and beauty technology. Kazuyuki Shinohara, General Manager of Kose Cosmetics Sales (China) Co., Ltd. revealed that in 2020, Kose China gained the highest sales and profit through increased revenue and profit over the years. "In the last three years, our sales have tripled."