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Sales Down at Shiseido

Impacts seen in Japan particularly.

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By: TOM BRANNA

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Shiseido’s net sales for the nine months ended Dec. 31, 2012 slipped 1.2% to $6.06 billion (484.79 billion yen), according to reports. Net profit fell 21% to $57.06 million (4.56 billion yen), while operating income also saw declines at 65.8% to $114.48 million (9.15 billion yen). The company said its margins suffered on lower domestic sales and higher promotional spending. In Japan, sales in Shiseido’s domestic cosmetics business decreased 3.2% to $3.15 billion (252.05 billion...

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