Shiseido Co Ltd (TSE:4911)

円 2786.5 -10.5 (-0.38%) Market Cap: 1.11 Til Enterprise Value: 1.35 Til PE Ratio: 559.54 PB Ratio: 1.86 GF Score: 57/100

Q3 2021 Shiseido Co Ltd Earnings Call Transcript

Nov 10, 2021 / NTS GMT

Release Date Price: 円7589 (-1.52%)

Transcript

Operator

(technical difficulty)

I will explain the business results for the third quarter and the full year outlook of the fiscal year 2021.

Please turn to Page 3. I will start by going over the key headlines for the first 9 months of the year. There are 6 key messages that I would like to deliver today. Due to the intermittent state of emergency improved from January, the Japan region experienced weak momentum. The business in China was affected by closure of some stores as a result of torrential rain as well as resurgence of COVID-19. Amidst such challenging business environment, the company was able to achieve solid growth at Shiseido Group, leveraging our strong global footprint, driven mainly by America, EMEA and Travel Retail. Operating profit was JPY 26.3 billion, up JPY 17.3 billion year-on-year. The company stepped up investments in line with market recovery, while solidifying the foundation for profit through ongoing cost management, and gradually bearing fruit from the structure reform.

Global transformation is on track. In the third quarter, the company made announcement about

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