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Sales Dip, Income Soars at Shiseido

Extraordinary gains and lower taxes boost bottom line for year.

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By: TOM BRANNA

Editor

Sometimes, extraordinary gains are quite extraordinary! Shiseido said Wednesday that extraordinary gains and lower taxes led to a 74% surge in full-year net profit and compensated for lower sales in both its home market of Japan and abroad. Net profit for the year ended March 31 rose 73.8% to $363 million (33.67 billion yen at average exchange rates for the period). However, sales slid 6.7% to $6.94 billion (644.2 billion yen). Sales in Japan were lower due to continued weak consumer senti...

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