“We are already optimising our operations while assuming a worst-case scenario,” chief executive officer Kentaro Fujiwara said. Shiseido has factored in an impact of around ¥5 billion (US$32 million or $40 million) on core operating profit this fiscal year due to the war, including lower sales in the region and higher raw material and logistics costs.
Still, Shiseido reported first quarter core operating profit of ¥13 billion, exceeding the average analyst estimate of ¥10.4 billion, as structural reforms and cost management outweighed lower sales. The company also said it will close its Hsinchu plant in Taiwan in the second half of 2027, resulting in a fixed cost saving of ¥1 billion per year.
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