Shiseido Q1
This article was originally published in The Rose Sheet
Executive Summary
Japanese cosmetics manufacturer initiates "proactive" management in Q1 (ended June 30), making "aggressive investments" to grow share in domestic cosmetics market and strengthen development in China, firm says in July 26 sales and earnings release. Shiseido's cosmetics sales were up 2.1% to $1.05 bil. (¥1=$.0091), while toiletries division sales fell 3.1% to $121 mil. Domestic sales fell a slight .5%, while overseas revenues grew 7.7%, driven by strong growth in China, firm says. Sales in the Americas grew 3.3% to $88 mil. in the quarter. Consolidated net sales grew 1.7% to $1.3 bil., while consolidated net loss was $60 mil., an improvement over the $76.6 mil. loss reported last year...