Shiseido Announces Strong Sales Numbers For First Quarter Of Fiscal Year 2013

Shiseido Co., Ltd. reported net sales for the first quarter, which ended June 2013, of fiscal year 2013 increased 8.6 percent year on year to 162.4 billion yen. In the Japanese market, net sales grew 0.1 percent year on year, while overseas sales rose 1.5 percent in local currency terms, driven by the double-digit growth in China. Growth in yen terms reached 19 percent, driven by the Japanese currency’s depreciation. Operating income gained 9.9 billion yen from the previous year to reach 6.9 billion yen. Ordinary income reached 7.6 billion yen, an increase of 10.3 billion yen from the previous year. Net income for the quarter was 2.7 billion yen, 3.9 billion yen higher year on year.