Shinseido Co Ltd to Sell Property and Expects Extraordinary Profit for Q3 and Extraordinary Loss for Q4 of FY 2013; Amends Full-year Consolidated Outlook and Expects Extraordinary Losses for FY 2013

Shinseido Co Ltd announced that it has decided to sell a property located in Tokyo, Japan, at the price of JPY 54 million to B-Lot Company Limited, on January 10, 2013. As a result, the Company expects the extraordinary profit of approximately JPY 13 million caused by sale of property, for the third quarter of the fiscal year ending February 28, 2013. The Company also expects the extraordinary loss of JPY 3 million caused by closing of stores, for the fourth quarter of the fiscal year ending February 28, 2013. The Company has lowered its full-year consolidated outlook for revenue from JPY 25,100 million to JPY 23,600 million, operating profit (loss) from JPY 100 million to JPY (240 million), ordinary profit (loss) from JPY 200 million to JPY (140 million), and raised its full-year consolidated outlook for net profit from JPY 50 million to JPY 2,700 million, and earnings per share from JPY 1.42 to JPY 76.65, for the fiscal year ending February 28, 2013. The Company lowered its full-year consolidated outlook for revenue, operating profit and ordinary profit mainly due to the decrease in release of main products and sales of instrument and mobile businesses, and raised its full-year consolidated outlook for net profit mainly due to the extraordinary profits for sale of property and waiver of debt. The Company also expects the extraordinary losses of JPY 1,150 million for sale of instrument business and JPY 79 million for shrink of mobile business, for the same fiscal year.