×
205
Fashion Jobs
UBRIGHT INTERNATIONAL CO. LTD
Senior Sales Manager 20+ Lakh p.a
Permanent · Pune
JIO
jc Home Lead - Coimbatore & Tiruppur - Sales Manager
Permanent · Tiruppur
ERIS LIFESCIENCES LIMITED
Area Business Manager (Generics)
Permanent · Ahmedabad
DIGIKREDIT FINANCE
Requirement For Sales Manager :: Ahmedabad
Permanent · Ahmedabad
KHOSLA MACHINES PVT. LTD.
Sales Manager-North
Permanent · Sahibzada Ajit Singh Nagar
TRACKON COURIER
Area Sales Manager
Permanent · Vapi
AVANTOR
Area Sales Manager || Patna/Ranchi
Permanent · Ranchi
BDO INDIA LLP
Cnc Manager Production Manager Minimum 14 Yrs to 18 Yrs
Permanent · Chennai
KENT RO SYSTEMS
Corporate Sales Manager
Permanent · Chennai
AS
Opening For Production Manager in Leading Sweets Mfg Company
Permanent · Thane
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Ahmedabad
Permanent · Ahmedabad
SRL DIAGNOSTICS
Territory Development Manager
Permanent · Prayagraj
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Maharashtra)
Permanent · Mumbai
NATURELAND ORGANIC FOODS PRIVATE LIMITED
Area Sales Manager (Madhya Pradesh)
Permanent · Indore
GRAND CHEMICAL WORKS
Area Sales Manager- Jaipur & Lucknow
Permanent · Lucknow
KISHOR EXPORTS
Qam - Quality Assurance Manager For Garment Exports Company
Permanent · Ranchi
MARC LABORATORIES LTD.
Field Sales Officer/Area Business Manager / Regional Business Manager
Permanent · Varanasi
JAYPEE BROTHERS MEDICAL PUBLISHERS PVT LTD.
Area Sales Manager
Permanent · Prayagraj
RUDRAKSHA CERAMICS PRIVATE LIMITED
Area Sales Manager
Permanent · Pune
PROPERTYXPO.COM
Area Sales Manager| Real Estate Portfolio Management | Gurgaon
Permanent · Gurugram
SAHIBANDHU FINTECH SERVICES LIMITED
Area Sales Manager - Sahibandhu
Permanent · New Delhi
HDB FINANCIAL SERVICES
Sales Manager - Alternate Channel
Permanent · Salem
By
AFP
Translated by
Nicola Mira
Published
May 12, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shiseido cautious about 2022 forecast

By
AFP
Translated by
Nicola Mira
Published
May 12, 2022

On Thursday, Japanese cosmetics group Shiseido confirmed its prudent forecast for the 2022 financial year, stating it is “hard to quantify precisely” the impact on its business of the pandemic and of geopolitical tensions.


Shiseido lipsticks - DR


Shiseido mentioned in a press release the “current market uncertainties resulting from the pandemic, increasing geopolitical tensions, and fluctuations in exchange rates and commodity prices,” and said it was examining several scenarios, postponing the publication of new forecasts.

As a result, the group’s February forecast has remained virtually unchanged, only marginally adjusted owing to the adoption of IFRS accounting methods.

For 2022, Shiseido is predicting a net profit of JPY 44 billion (€326.7 million), equivalent to a 6.2% decrease on an annual basis.

Excluding exceptional items (restructuring costs, depreciations, etc.), Shiseido is forecasting an operating profit of JPY62 billion, which would represent a 45.7% increase over the previous year, and sales for JPY1.075 trillion (down 6.4%), or €8 billion at current rates.

Shiseido’s Q1 results were marked by disappointing sales in its two main markets: Japan, where restrictions imposed for the Omicron variant put a brake on household expenditure until mid-March, and China, whose zero-Covid policy slashed consumption.

However, Shiseido’s sales rebounded in Europe and the USA, as well as in the travel retail channel (duty-free shops, chiefly at airports).

In Q1, Shiseido recorded a net profit of JPY4.4 billion (€32.7 million), as opposed to the net loss of JPY11.1 billion posted the previous year. The latter was mainly due to the expiry of Shiseido's license agreement for the perfumes of Italian luxury label Dolce & Gabbana.

The group’s Q1 operating profit also stood at JPY4.4 billion, and its sales virtually stagnated at JPY234 billion (€1.7 billion at current rates), down 1.3% on an annual basis.

 

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.