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Shiseido Eyes Growth Through Overseas Expansion

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By: TOM BRANNA

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JAPAN: Shiseido Corp. said it will seek further growth and higher shareholder returns under its new three-year business plan by accelerating overseas business expansion, particularly in Asia, and share buybacks. Japan’s biggest cosmetics maker by sales aims to generate an operating profit equal to 10% or higher of its sales by the fiscal year ending March 2011, up from 8% the company expects for the just-ended fiscal year. Shiseido said it aims to boost overseas sales to at least 40% of a...

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