Financial PerformanceDepartment store sales in Jan-May 2024 were +15% to +24%, with the company’s 1Q Shiseido brand store sales up 40%+, Clé de Peau Beauté (CPB) up 30%+, and NARS up 15%-20%.
Market PositionShiseido's competitive edge lies in its strong brand portfolio, which includes iconic Japanese brands such as SHISEIDO, Clé de Peau Beauté, and NARS.
Strategic InitiativesShiseido's new board monitoring function, made up of external directors only, functions well as management executes efficiently with speed and flexibility.