By  on May 14, 2019

TOKYO — Shiseido said Tuesday that its net profit for its fiscal first quarter rose 16.1 percent compared to the same period last year. The gain was largely due to lower tax payments than the previous year, although net sales also increased.

Japan’s largest cosmetics company said its net profit for the three months ended March 31 totaled 33.51 billion yen, or $305.5 million.

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