Shiseido posts net loss in 2024 amid China consumption turmoil
Japanese cosmetics giant Shiseido reported a net loss of 10.8 billion yen (about USD 71 million) for 2024, mostly due to a slump in sales in the Chinese market. It was the firm's first net loss since 2020 and the COVID-19 pandemic. While it falls sharply (-73% compared to 2023), the operating result remains positive at 7.58 billion yen (about USD 49.9 million), compared to 28.13 billion yen in the previous year. The group's global sales rose 1.8 percent to 990.5 billion yen, or USD 6.5... - Industry buzz / Europe
Japanese cosmetics giant Shiseido reported a net loss of 10.8 billion yen (about USD 71 million) for 2024, mostly due to a slump in sales in the Chinese market.
It was the firm's first net loss since 2020 and the COVID-19 pandemic.
While it falls sharply (-73% compared to 2023), the operating result remains positive at 7.58 billion yen (about USD 49.9 million), compared to 28.13 billion yen in the previous year.
The group's global sales rose 1.8 percent to 990.5 billion yen, or USD 6.5...
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Industry buzz
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Europe
