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Shiseido Posts Strong Sales Growth, Stronger Net Income Rise For First 3 Quarters Of FY2014

January 31, 2014: 12:00 AM EST
Shiseido reported consolidated net sales rose 10.4 percent to ¥535.4 billion during the first three quarters (April 1 to December 31, 2013) of its fiscal year ending March 31, 2014, compared with the same period in the previous year. Domestic sales slightly fell by 0.4 percent to 251.2 billion yen despite strong sales performance by the MAQuillAGE and ELIXIR brands. Global sales grew by only 0.3 percent on a local-currency basis, due to year-on-year decline in sales in China. In yen terms, however, sales grew 22.7 percent to 276.8 billion yen, due to the Japanese currency’s downward trend. Sales in the company’s Other segment grew 4.4 percent to 7.4 billion yen, driven by the strong performance of the company’s restaurant business. Operating income jumped 264.3 percent to 33.3 billion yen, due to higher net sales and cost reductions. Ordinary income also surged 250.7 percent to 35.4 billion yen, while net income grew 267.2 percent to 16.7 billion yen.
"Shiseido Consolidated Settlement of Accounts for the First 3 Quarters Ended December 31, 2013", Shiseido, January 31, 2014, © Shiseido Co.,Ltd.
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