Shiseido's stock surged 13. 1 percent on Wednesday after Independent Franchise Partners, a London-based investment firm, took a 5. 2 percent stake in the Japanese beauty giant. The filing with Japan's finance ministry revealed that the firm may submit proposals to the company. Shiseido's shares closed the day at 2,669 yen, or $17. 59, marking a significant turnaround from the 35. 7 percent decline over the past year.
The company's business in 2024 was severely impacted by China's economic slowdown and the challenges faced by the country's duty-free retail market on Hainan Island. Shiseido's operating profit last year plummeted 73. 1 percent year-over-year, to 7. 58 billion yen, despite a 1. 8 percent increase in reported sales to 990. 59 billion yen. However, on an organic basis, sales were down 1. 3 percent from 2023.
The company expressed optimism about the global beauty market... stating that while consumer spending in China, "including its duty-free retail," "is expected to remain subdued.".. the rest of the global market is expected to grow at a moderate pace throughout the year.
* Global beauty market expected to grow moderately.
Shiseido's management has expressed optimism about the global beauty market, stating that while consumer spending in China, including its duty-free retail market on Hainan Island, is expected to remain subdued, the rest of the global beauty market is expected to grow at a moderate pace throughout the year. This reassuring outlook has contributed to the surge in Shiseido's stock price, as investors are hopeful that the company's diversified business portfolio will help it navigate the challenges facing the Chinese market.
The global beauty market is expected to experience a moderate growth rate in 2024, driven by increasing demand for premium and sustainable beauty products. Shiseido, with its extensive portfolio of brands and products, is well-positioned to benefit from this trend. The company's investments in research and development, as well as its focus on digital transformation... are expected to help it stay competitive in the market.
Despite the challenges faced by the Chinese market, Shiseido's management ___ confident in the company's ability to adapt and respond to changing consumer preferences. The company has a strong presence in key markets such as Japan, "North America," "and Europe.".. which are expected to continue to drive growth.
Shiseido stock market update.
Shiseido's stock market update is a significant development in the world of beauty and cosmetics. The Japanese beauty giant's shares surged 13. 1% on Wednesday after Independent Franchise Partners, a London-based investment firm, took a 5. 2% stake in the company. This move is seen as a vote of confidence in Shiseido's future prospects, despite the company's recent struggles.
The filing with Japan's finance ministry revealed that the firm may submit proposals to the company, indicating a potential partnership or investment opportunity. Shiseido's shares closed the day at 2,669 yen, or $17. 59, marking a significant turnaround from the 35. 7% decline over the past year. The company's business in 2024 was severely impacted by China's economic slowdown and the challenges faced by the country's duty-free retail market on Hainan Island.
However... Shiseido's operating profit last year plummeted 73. 1% year-over-year, to 7. 58 billion yen, despite a 1. 8% increase in reported sales to 990. 59 billion yen. According to the company, "the global beauty market is expected to grow at a moderate pace throughout the year," "with consumer spending in China.".. "including ← →
PARIS — Shiseido's stock ended Wednesday up 13.1 percent after Independent Franchise Partners took a 5.2 percent stake in the Japanese beauty giant. The London-based investment firm also said in a filing with Japan's finance ministry that it could make proposals.• • • •
