Tokyo-based cosmetics retailer House of Rose Co. Ltd. saw its net loss widen to ¥47 million for the nine months ending December 31, as a slight decline in revenue and a sharp drop in operating income weighed on its fiscal performance.
The company reported revenue of ¥8.68 billion, a marginal decrease from the ¥8.74 billion recorded during the same period the previous year. Operating profit faced a more significant contraction, tumbling to ¥6.0 million from ¥25.0 million, reflecting tightening margins in the competitive Japanese personal care market. Pretax profits followed a similar downward trajectory, falling to ¥12.0 million from ¥31.0 million.
According to the financial statement, the parent-level net loss deepened to ¥47.0 million, compared to a ¥42.0 million loss a year earlier. This resulted in a loss per share of ¥10.05, an increase from the ¥9.06 loss reported in the prior period. These results, prepared under Japanese accounting standards, highlight the ongoing pressure on the company's bottom line despite relatively stable top-line figures.
Dividend Forecast and Shareholder Returns
Despite the bottom-line pressure, House of Rose plans to maintain its current shareholder return policy. The company confirmed an annual dividend forecast of ¥25.00 per share, consistent with the previous year’s total payout. This distribution is structured as follows:
- A midyear dividend of ¥12.50 already issued.
- A projected year-end dividend of ¥12.50.
- A total annual payout maintained at ¥25.00 per share.
The company has not reported any dividends for the first or third quarters, focusing instead on its semi-annual distribution schedule as it navigates the remainder of the fiscal year ending March
2025.
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