mizuho
Overview Research Locator Calendar Equity Contacts
Corporate Nav
House Home
Sitemap
Equity
Fixed Income
Futures
Bridgeford
Login
Corporate Nav
About Us
Contact Us
Employment
Locations
Corporate News
News Articles
Financial Statements
NY Trading Desk: (866) 216-1851
NY Sales Desk: (866) 216-4319
Research Results top
 
blank 1 (1 pages) blank
 
 Sort Results By 
Kose  (4922) ( english | Japanese version ) Aug 02, 2010
1Q OP results in line with company forecasts; benefits of cost cutting evident
Sector Consumer Non Durable Market Cap Small Cap < 200B
Author Wakako,Sato Pages 3
Kose announced 1Q FY3/11 results on 30 July. Consolidated 1Q sales rose 0.3% YoY, which seems slow relative to the 3.6% 1H growth forecast, but the company is working to cut costs and has commented that the 1Q OP level was in line with expectations. In July, the weather has been hot and shipments of products such as Adidas and Sekkisei brand sunscreens have been strong.
Sector Outlook ( english | Japanese version ) Jul 13, 2010
Toiletries
Sector Consumer Non Durable Market Cap
Author Wakako,Sato Pages 6
1Q FY3/11 preview: household products expanding, cosmetics depressed Companies Mentioned in this Report: Kao (4452), ROHTO PHARMACEUTICAL (4527), Shiseido (4911), LION (4912), MANDOM (4917), Fancl (4921), KOSE (4922), Kobayashi Pharmaceutical (4967), Unicharm (8113)
Kose  (4922) ( english | Japanese version ) Jul 02, 2010
Visit to Oji Research Laboratories reveals Kose's seeds and fastidiousness
Sector Consumer Non Durable Market Cap Small Cap < 200B
Author Wakako,Sato Pages 5
On 1 July, we visited Kose's Oji Research Laboratories, in Kita Ward, Tokyo. According to the company, this research center is where the company develops new products, and the center attempts to balance the needs of sales with the seeds for new product development that arise from basic research in ways that lead to better products. We were particularly impressed with the company's demonstration of the potency of kojic acid, an ingredient used in skin whitening products, which also showed the theoretical fast-acting properties of the acid.
Sector Outlook ( english | Japanese version ) Jun 25, 2010
Impact of renminbi revaluation on various sectors
Sector Consumer Non Durable Market Cap
Author Wakako,Sato Pages 25
Balance of higher costs and increased purchasing power suggests net positive Seven & I Holdings (3382), Teijin (3401), Toray Industries (3402), Tsumura (4540), Shiseido (4911), Takara Bio (4974), Bridgestone (5108), Sumitomo Rubber Industries (5110), Komatsu (6301), HITACHI KOKI (6581), MAKITA (6586), Alps Electric (6770), Hosiden (6804), Denso (6902), Nissan Motor (7201), Toyota Motor (7203), Calsonic Kansei (7248), Keihin (7251), Aisin Seiki (7259), Honda Motor (7267), Toyoda Gosei (7282), Ryohin Keikaku (7453), FamilyMart (8028), Unicharm (8113), Fast Retailing (9983)
Kose  (4922) ( english | Japanese version ) May 06, 2010
Reduction in logistics inventories on sharp drop in 4Q Albion sales
Sector Consumer Non Durable Market Cap Small Cap < 200B
Author Wakako,Sato Pages 3
Kose announced FY3/10 results on 30 April, with numbers in line with the revisions the company announced on 26 April. OP, at JPY10.1b, was JPY100m higher than the company forecast that accompanied interim results. NP was JPY5.2b, JPY1.6b higher than the mid-year forecast, because losses at subsidiaries were smaller than expected. Like its competitors, Kose struggled in the mid-range cosmetics business (prestige brands) in FY3/10.
Kose  (4922) ( english | Japanese version ) Apr 27, 2010
FY3/10 NP estimate raised JPY1.6b; fewer losses at loss-generating subsidiary
Sector Consumer Non Durable Market Cap Small Cap < 200B
Author Wakako,Sato Pages 3
On 26 April, Kose revised its earnings estimates for FY3/10. Management fine tuned its OP target from JPY10.0b to JPY10.1b. However, the company boosted its RP goal JPY1.1b to JPY10.8b and raised its NP objective JPY1.6b to JPY5.1b. The upward revision to its NP estimate factors in a decline in losses at a subsidiary, which was initially expected not to register taxable income and generate a loss, and a subsequent lower-than-expected tax rate on its books.
Sector Outlook ( english | Japanese version ) Apr 19, 2010
Toiletries
Sector Consumer Non Durable Market Cap
Author Wakako,Sato Pages 7
FY3/10 preview: efforts to enhance shareholder returns should draw attention Companies Mentioned in this Report: Kao (4452), ROHTO PHARMACEUTICAL (4527), Shiseido (4911), LION (4912), MANDOM (4917), Fancl (4921), KOSE (4922), Kobayashi Pharmaceutical (4967), Unicharm (8113)
Kose  (4922) ( english | Japanese version ) Feb 01, 2010
3Q results: OP still on pace to rise YoY, progress toward full-year est. better on cost cuts
Sector Consumer Non Durable Market Cap Small Cap < 200B
Author Wakako,Sato Pages 3
Kose reported 3Q earnings on 29 January. Cumulative 1Q-3Q OP amounted to 86% of the company's full-year target, exceeding the year-ago rate of 79%. We understand that sales (particularly of high-end products) are on pace to underperform company targets, and that the company is generating its current level of OP largely by controlling advertising and promotion costs.
Sector Outlook ( english | Japanese version ) Jan 19, 2010
Toiletries
Sector Consumer Non Durable Market Cap
Author Wakako,Sato Pages 6
3Q preview: tough winter for cosmetics; influenza-related household goods declining Companies Mentioned in This Report: Kao (4452), Rohto Pharmaceutical (4527), Shiseido (4911), Lion (4912), Mandom (4917), Fancl (4921), Kose (4922), Kobayashi Pharmaceutical (4967), Unicharm (8113)
 
blank 1 (1 pages) blank
 
 Sort Results By 
Disclaimer Privacy Guidelines Business Continuity Anti-Money Laundering
Copyright 2006 Mizuho Securities USA Inc.