Shiseido Company,Limited (JP:4911) has released an update.
Shiseido Company, Limited reports modest growth in net sales at 2.9% year-on-year for the first half of 2024, but experiences significant declines in profits, with core operating profit down by 31.3% and net profit attributable to owners of the parent almost wiped out, decreasing by 99.9%. The company’s total assets increased compared to the end of the previous year, and it maintains a steady dividend payout forecast of 60 yen per share for the full year. Despite the downturn in profit, Shiseido expects a rebound with a forecast of 38.0% growth in core operating profit for the fiscal year 2024.
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