Kose Holdings Corp

4922: XTKS (JPN)
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Kose Earnings: Mixed Results on China Restructure; Fair Value Lowered by 24%

Kose’s year-to-September revenue and operating income grew 9% and 17%, respectively, as sales in Japan and its Tarte brand products surprised positively. However, full-year net profit guidance is lowered to JPY 8.0 billion from JPY 12.6 billion on slowing growth and China restructuring charges.

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