Breaking News

Shiseido Posts Record Profit

November 14, 2005

Tokyo-based Shiseido Co. Ltd. reported a record profit for the latest business year, at $208 million for the year ended in March, up from $194 million in the year-ago period. Company executives pointed to cost-cutting and strong overseas sales as positive contributors to the growth. “Sales growth and a sharp improvement in cost efficiency led to record earnings,” said Morio Ikeda, president, in a statement.
Revenues grew 5.3% to a record $5.2 billion. “Shiseido has finally become serious about cost-cutting after ignoring this over the decade,” said Risuo Watanabe, analyst, Mitsubishi Securities. “That’s a good sign for investors.” But “the company still needs to do a lot to boost market share as a way to raise profitability, especially in Japan,” Mr. Watanabe warned.
blog comments powered by Disqus
  • What's Next for the UK?

    Sarah Boumphrey, Euromonitor International||June 24, 2016
    Euromonitor weighs in on the implications for consumer product companies.

  • Henkel Grabs the Sun

    Henkel Grabs the Sun

    Ian Bell, Euromonitor International||June 24, 2016
    Euromonitor's Ian Bell on the impact the purchase will have on the US detergent industry.

  • To The Max

    To The Max

    Melissa Meisel, Associate Editor||June 20, 2016
    Velvet 59 is on the rise at locations like Ricky’s NYC.

  • Take Notice

    Take Notice

    Melissa Meisel , Associate Editor||June 1, 2016
    Packaging trends revolve around trendy artwork, eco-conscious materials—and portability is a plus too!

  • Virtual Reality

    Virtual Reality

    Christine Esposito, Associate Editor||June 1, 2016
    An update on nature-identical ingredients for cosmetics and personal care products.

  • Shiseido Advances in the US

    Shiseido Advances in the US

    Tom Branna, Editorial Director||June 1, 2016
    New facility in Windsor, NJ demonstrates its dedication to the US and other markets outside Japan.