Shiseido Reports Slightly Lower Sales In Fiscal Year Ending March 2013

Shiseido reported consolidated net sales declined 0.7 percent to ¥677.7 billion in the year ending March 31, 2013, from the previous year. In Japan, sales declined 1.8 percent, while overseas sales rose 0.7 percent. Anti-Japanese sentiment and increased expenditures in China, Shiseido said operating income in the country fell 33.4 percent to ¥26.0 billion. Overall, Shiseido reported a net loss of ¥14.7 billion for the year and extraordinary losses of ¥36.3 million. Operating margin was 3.8 percent, while consolidated ROE was -5.1 percent.