Shiseido Reports Strong Sales And Profit Gains In First Quarter Of Fiscal 2016

Shiseido reported consolidated net sales rose 4.6 percent in the first quarter of fiscal year ending December 31, 2016, compared with the same period in the previous year. Despite foreign exchange rate fluctuations, consolidated net sales rose 1.4 percent to 213.3 billion yen, compared with the same quarter in 2015. Operating income jumped 75.9 percent year on year to ¥22.1 billion, while net income added ¥24.8 billion to reach ¥27.3 billion. In Japan, Shiseido reported sales grew 4.5 percent to ¥104.6 billion, with operating income rising 44.2 percent to ¥18.8 billion. Sales grew 14.1 percent in China; however, after converting to Japanese yen, sales for this market grew 6.2 percent year on year to ¥31.4 billion. Operating income added ¥3.5 billion to reach ¥3.7 billion.