By and  on January 28, 2010

TOKYO — A lower tax rate lifted Shiseido’s net profit for the first nine months of the year, but sales suffered as consumers snapped up fewer cosmetics and beauty products. Also in Asia last week, Kao Corp. and Kosé Corp. reported sales and profits.

Shiseido’s profit for the period ended Dec. 31 increased 11.2 percent to 23.7 billion yen or $253.6 million at average exchange rates. However, sales slumped 10.4 percent to 464.64 billion yen, or $4.97 billion.

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