×
472
Fashion Jobs
INDIA SHELTER FINANCE CORPORATION LIMITED
Area Branch Manager
Permanent · Chennai
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Merchandising Manager/Quality Manager - Garments Manufacturing Company
Permanent · Bhiwandi
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Officer Hrbp / Business HR For Garment/Textile/Apparel Industry
Permanent · Bengaluru
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Mumbai
Permanent · Bengaluru
BHARTI AIRTEL LIMITED
Territory Manager- Dth Sales - Rajahmundry
Permanent · Rajahmundry
ZYDUS WELLNESS
Zydus Wellness - Factory Manager - Sikkim Plant
Permanent · Atlanta
ANUSHÉ PIRANI
Social Media & Fashion Communications
Permanent · MUMBAI
HARSH CLEAN DHAN PVT. LTD
Area Sales Manager (Modern Trade Sales) For North East
Permanent · Guwahati
RANDSTAD INDIA PVT LTD
Area Sales Manager (Consumer Durable Industry)
Permanent · Mumbai
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
AVRO INDIA LIMITED
Area Sales Manager- Ludhiana, Amritsar/ mP-Indore, Bhopal
Permanent · Ludhiana
SOSYO HAJOORI BEVERAGES PRIVATE LIMITED
Area Sales Manager
Permanent · Mumbai
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
By
AFP
Translated by
Robin Driver
Published
Nov 10, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Shiseido dragged down by American subsidiary in Q3

By
AFP
Translated by
Robin Driver
Published
Nov 10, 2017

The Japanese cosmetics giant Shiseido published a net loss in Q3 2017 on Thursday, due to depreciation of its US assets, but reported notable growth in its operations over the first nine months of the year, led mainly by Asia.
 

Shiseido reported a net loss in Q3 2017 - Shiseido


While it maintains its predictions of an increased annual turnover and operating profit, the group has again lowered its net profit forecast for the year, for the second time in under ten days.  

Shiseido is now predicting a modest annual net improvement of 5 billion yen (38 million euros). On November 1st, the brand had already lowered its forecast to 10 billion yen, from the 32.5 billion it had been targeting beforehand. 

The cause: depreciation of assets related to its struggling American subsidiary Bare Escentuals, specialized in natural mineral-based cosmetics, amounting to 70.7 billion yen, 5 billion more than had been announced on November 1st. 

This depreciation has pushed Shiseido into the red, with a net loss of 17 billion yen over nine months, compared to a net profit of 37.2 billion yen the year before, according to a release. 

However, the group's actual operations have been largely profitable and are currently in expansion: operating profit has jumped 82.4% to 70.7 billion yen over nine months (567 million euros). 

And the group's combined turnover over nine months has risen 17.4% to 731.2 billion yen, close to 6 billion euros. Sales and operating profit should reach record levels in 2017, at 985 billion yen and 65 billion respectively, as announced on November 1st.

In the first three quarters, the group's activity has remained focused on its principal market, Japan, which accounts for 44% of its sales. Japanese consumers have benefited from "a positive evolution in consumer expenditure, supported by improvements in employment and revenues", while the number of foreign tourists looking to make purchases in Japan has also increased. 

In terms of sales, China (14.4% of total turnover) "and the rest of Asia have continued to grow at a constant rate." Conversely, "in Europe, growth has remained weak and unequal from one country to another" and has "slowed down" in the Americas (13.5% of total turnover).

Copyright © 2021 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.