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Shiseido Posts Strong Revenue Growth In First Half Of Fiscal 2014, Boosted By Surging Sales Overseas

October 31, 2013: 12:00 AM EST
Japan’s cosmetics company Shiseido Group reported consolidated net sales grew 8.1 percent to ¥360.5 billion in the first two quarters of fiscal year ending March 31, 2014, compared with the similar period in fiscal 2013. Sales in Japan, however, declined 2.5 percent to ¥181.9 billion, as the company aimed to reduce store-level inventories by limiting shipments. Overseas sales rose 0.5 percent year on year, on a local-currency basis. Translated into yen, however, sales overseas grew 21.5 percent to ¥178.6 billion, helped by the Japanese currency’s depreciation. Operating income shot up by 144.4 percent to ¥20.4 billion, driven by the company’s efforts to improve the efficiency of selling, general, and administrative expenses and the move to reflect some expenses to the second half of the year.
"Shiseido Consolidated Settlement of Accounts for the First 2 Quarters Ended September 30, 2013", Shiseido, October 31, 2013, © Shiseido Co., Ltd
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