By  on October 27, 2010

TOKYO — Shiseido Co. Ltd. said Thursday that its first-half net profit plummeted 58 percent as costs related to the acquisition of Bare Escentuals bit into its performance.

The company also slashed its full-year profit forecasts but lifted its full-year sales target, citing growing demand in emerging markets, such as China, and the benefits it will derive from Bare Escentuals’ revenue. But overall, it was cautious in its outlook.

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