By  on November 1, 2017

Shiseido Co. Ltd. revised its consolidated financial result forecast for the year ending Dec. 31, 2017, reporting that both net sales and operating income are expected to exceed previous forecasts and reach record highs.

The Company expects to post an extraordinary income of 36 billion yen as a result of profit from its sale of Zotos International Inc. to Henkel for $485 million, announced late last week. Shiseido also said it would post a loss of 65.5 billion yen as an impairment charge on intangible assets and other assets associated with Bare Escentuals. In line with this, net income attributable to shareholders is forecast at 10 billion yen, 22.5 billion yen down from the previous forecast.

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