Kose Holdings Corp

4922: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Kose Earnings: Profitability Pressured as Domestic Demand Weakens; Valuation Down 3%

Lorraine Tan , Nicole Lim

May 14, 2026

Kose's first-quarter 2026 sales fell 1% year on year to JPY 78.2 billion, while operating margin declined by 7.1 percentage points to 1.3%. The company maintained its full-year net profit guidance of JPY 12.1 billion despite flagging potential raw material shortages.

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Kose Holdings Corp

Kose Earnings: Profitability Pressured as Domestic Demand Weakens; Valuation Down 3%

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