Key Developments: Shiseido Co Ltd (SSDOY.PK)
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Latest Key Developments (Source: Significant Developments)
Shiseido Co Ltd Announces Extraordinary Loss for Q4 of FY 2013; Amends Consolidated Full-year Outlook and Affirms Year-end Dividend Forecast for FY 2013
Shiseido Co Ltd announced that it will record a JPY 28,600 million extraordinary loss on the impairment of fixed assets, for the fourth quarter of the fiscal year ended March 2013. The Company has also lowered its consolidated full-year outlook for revenue from JPY 680,000 million to JPY 677,500 million, net profit from JPY 10,500 million to a loss of JPY 14,700 million and earning per share from JPY 26.38 to a loss of JPY 36.93, but raised the outlook for operating profit from JPY 24,500 million to JPY 26,000 million and ordinary profit from JPY 25,500 million to JPY 28,000 million, for the fiscal year ended March 2013. The Company lowered the revenue outlook due to the decreased sales, raised the operating profit and ordinary profit outlook due to the cost reduction, and lowered the net profit outlook due to the record of extraordinary losses, among others. In addition, the Company has affirmed its year-end dividend forecast of JPY 25 per share, for the fiscal year ended March 2013. Full Article
Shiseido Co Ltd Announces Change of President and CEO
Shiseido Co Ltd announced that it has appointed Shinzo Maeda as Executive President, Chief Executive Officer (CEO) and Representative Director, to replace Hisayuki Suekawa, effective April 1, 2013. Full Article
Shiseido Co Ltd Announces Change of President
Shiseido Co Ltd announced that it has appointed Shinzo Maeda as Executive President, to replace Hisayuki Suekawa, effective April 1, 2013. Shinzo Maeda is still serving as Chairman of the Board and Representative Director in the Company. Full Article
Shiseido Co Ltd Lowers Consolidated Full-year Forecast for FY 2013; Affirms Year-end Dividend Forecast for FY 2013; to Close Kamakura Factory and Integrate Research Centers
Shiseido Co Ltd announced that it has lowered the consolidated full-year forecast for revenue from JPY 700,000 million to JPY 680,000 million, operating profit from JPY 40,000 million to JPY 24,500 million, ordinary profit from JPY 40,000 million to JPY 25,500 million, net profit from JPY 22,000 million to JPY 10,500 million and earning per share from JPY 55.28 to JPY 26.38 for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to expectation of JPY 6 billion extraordinary loss on impairment of fixed assets due to restructuring of production and research & development centers. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of JPY 686.04 billion and net profit of JPY 17.13 billion for the fiscal year ending March 2013. The Company has affirmed the year-end dividend forecast of JPY 25 per share for the fiscal year ending March 31, 2013. The Company has decided to close the Kamakura Factory by March 2015. The Company has also decided to integrate Shiseido Research Center (Kanazawa Hakkei) to Shiseido Research Center (Yokohama) in May 2013. Full Article
Shiseido Co Ltd to Dissolve Subsidiary
Shiseido Co Ltd announced that it will dissolve a subsidiary Blush Holdings, LLC, which is a holding company of Bare Escentuals, Inc., by December 2012. Full Article
Shiseido Company, Limited Announces Plan to Strengthen its United States Corporate, Manufacturing and Distribution Operations
Shiseido Company, Limited announced three changes to its organizational structure in the United States designed to strengthen corporate support for its diverse family of brands and provide an improved platform to accelerate the growth both in the United States and globally. The Company announced plans to formally merge its United States manufacturing business, Shiseido America Inc. into its Americas umbrella organization, Shiseido Americas Corporation, effective January 2014. Full Article
Update-Moody's downgrades Shiseido to A2; negative outlook
Shiseido Company, Limited
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