By  on July 31, 2012

TOKYO — Shiseido posted a first-quarter loss on declining sales, most notably in its home market of Japan.

Japan’s largest beauty company said Tuesday it had a net loss of 1.27 billion yen, or $15.9 million, at average exchange rates for the three months ended June 30. That compares to a loss of 277 million yen, or $3.4 million, at exchange rates for that period a year ago.

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