By  on August 1, 2008

TOKYO — Shiseido Co. Ltd. reported Thursday its operating profits and net sales were down in the first-quarter ’08-’09, due to sluggish domestic business.

Its operating income in that quarter, ended June 30, fell 21.2 percent to 12.2 billion yen, or $116.8 million at average exchange, since “efforts to improve the cost of sales ratio and boost spending efficiency failed to compensate for the decrease in revenues,” stated Shiseido.

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