KOSÉ FY2022 Sales and Operating Profit Exceeded Expectations, Targeting the Chinese Market and Travel Retail Business

2月 22, 2023

On February 13, Japanese beauty giant KOSÉ announced its key financial data for the 2022 fiscal year ending December 31, 2022. Net sales increased by 7.5% year-on-year to 289.1 billion yen (excluding exchange rate effects: +2.7%), higher than the previous estimate of 283.0 billion yen. Operating profit rose 41.1% year-on-year to 22.1 billion yen, higher than the previous estimate of 16.5 billion yen. Sales and profit growth in all regions, except China, exceeded expectations, the group said.
During the period, the Group still focused on four key initiatives:  

Target China and travel …