Ivy Cosmetics Corporation Revises Earnings Forecast — Profit Down 48.7%
Ivy Cosmetics Corporation (TSE:4918) has downwardly revised its full-year earnings forecast for the fiscal year ending March 2026, citing weak product demand and rising input costs.
| Item | Before | After | Change |
|---|---|---|---|
| Revenue | JPY 2.85bn | JPY 2.64bn | -7.3% |
| Operating Profit | JPY 380M | JPY 195M | -48.7% |
| Ordinary Income | JPY 380M | JPY 192M | -49.5% |
| Net Profit | JPY 315M | JPY 164M | -47.9% |
| １株当たり当期純利益 | JPY 48M | JPY 22M | -52.8% |
The company attributed the revision to several headwinds. Revenue is expected to decline 7.3% to JPY 2.64bn due to the absence of major new product launches and sluggish expansion of sales offices and beauty consultants. The flagship product “White Power Serum” underperformed, with shipments of 10,529 units falling short of prior-year levels. Regular product lines also showed weakness. Additionally, raw material and resource costs have risen, pushing the cost-of-sales ratio up 70 basis points to 30.2%, while inflationary pressures increased selling, general and administrative expenses by 0.2%.
The magnitude of the profit decline—nearly 49% at the operating profit level—reflects a dual squeeze: contracting demand combined with structural cost pressures. Operating profit (eigyo rieki) and ordinary income (keijo rieki), a Japan-specific metric that includes non-operating items, both fell sharply. Earnings per share are projected to decline 52.8% to JPY 22.45/share. The revision signals that Ivy Cosmetics faces near-term challenges in both revenue growth and margin expansion, with cost inflation outpacing any pricing flexibility in the competitive cosmetics market.
Source: Original filing (TDnet) | 日本語版
This article is for informational purposes only and does not constitute investment advice. Always verify against the original filing.