Worth reading
41Recurring
Scored from 4 of 6 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
35
¥100 million (expected non-recurring costs related to the closure of the Hsinchu factory)Wording
Conditional
How definitive the wording is.Results for this period
First quarter1 January 2026–31 March 2026ConsolidatedIFRSNet Sales231,958¥ millionYear on year +1.6%Progress 23.4%
Operating profit12,333¥ millionYear on year +71.2%Progress 20.9%
Ordinary income13,269¥ million (profit before tax)Year on year +79.1%Progress 22.1%
Net income attributable to owners of the parent8,371¥ millionYear on year +127.1%Progress 19.9%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥20.95
Financial position at period-end
Total assets1,269,851¥ million
of which net assets 625,367 ¥ millionEquity ratio 47.8%vs. prior year-end +0.4pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating-840
Investment-6,289
Financials+5,897
Net change-1,232
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥91,786 million
Segment revenueJapan Business ¥71,218 million (YoY -4.0%), China and Travel Retail Business ¥78,326 million (YoY +4.5%), Asia-Pacific Business ¥18,026 million (YoY +5.6%), Americas Business ¥29,564 million (YoY +8.7%), European Business ¥32,547 million (YoY +3.1%), Other ¥2,277 million (YoY -30.0%)
Segment profitJapan Business ¥10,418 million (core operating profit) (YoY -8.1%), China and Travel Retail Business ¥15,705 million (core operating profit) (YoY +18.0%), Asia-Pacific Business ¥503 million (core operating profit), Americas Business ¥329 million (core operating profit), European Business ¥-1,637 million (core operating loss), Other ¥-661 million (core operating loss)
Regional sales¥71,218 million (YoY -4.0%), ¥78,326 million (YoY +4.5%), ¥18,026 million (YoY +5.6%), ¥29,564 million (YoY +8.7%), ¥32,547 million (YoY +3.1%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥990,000 million (YoY +2.1%)
Operating profit¥59,000 million
Ordinary income¥60,000 million (profit before tax)
Net income¥42,000 million
Annual Dividend Forecast¥40 → ¥60（+50.0%）
Factors Behind Changes in Business Performance
The main body of this financial results summary does not explain the specific factors behind changes in results and directs readers to the earnings presentation for the first quarter of 2026 published on the same day. In terms of the figures, sales increased in China and Travel Retail, Asia Pacific, the Americas and Europe, while sales decreased in Japan and Other.
Disclosure regarding the going concern assumption
Not applicable.
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not disclosed
Material subsequent eventsThe Company decided to close Taiwan Shiseido's Hsinchu factory and transfer production to domestic facilities, including the Nasu factory. Production is scheduled to end in the first quarter of 2027, with closure planned for the second half of 2027. Related costs are expected to total approximately ¥3.5 billion, of which approximately ¥2.0 billion is expected to be recognized in the current consolidated fiscal year and approximately ¥1.5 billion in the following consolidated accounting period.
Impairment loss¥42 million
Breakdown of extraordinary income (loss)The IFRS statement of profit or loss does not present separate categories for extraordinary income and extraordinary losses. Items adjusting operating profit comprise ¥658 million in restructuring costs, ¥42 million in impairment losses, and ¥4 million in reversals of impairment losses.
Depreciation and amortization¥17,554 million (depreciation and amortization)
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingAvailable (for investors, analysts and others)
Issued Shares at Period-End400,000,000 Shares
Treasury Shares at Period-End445,283 Shares
| Item | Details |
|---|---|
| Fiscal Period Classification | First quarter |
| Accounting standards | IFRS |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 January 2026–31 March 2026 |
| Net Sales | ¥231,958 million (YoY +1.6%) |
| Operating profit | ¥12,333 million (YoY +71.2%) |
| Ordinary income | ¥13,269 million (profit before tax) (YoY +79.1%) |
| Profit attributable to owners of the parent | ¥8,371 million (YoY +127.1%) |
| Net income per share | ¥20.95 |
| Equity ratio | End of the current fiscal period 47.8 / End of previous period 47.4 |
| Total assets | ¥1,269,851 million |
| Net assets | ¥625,367 million (total equity) |
| Cash flows from operating activities | ¥-840 million |
| Cash flows from investing activities | ¥-6,289 million |
| Cash flows from financing activities | ¥5,897 million |
| Cash and cash equivalents at end of period | ¥91,786 million |
| Full-year earnings forecast | Net Sales ¥990,000 million (YoY +2.1%) / Operating profit ¥59,000 million / Ordinary income ¥60,000 million (profit before tax) / Net income ¥42,000 million |
| Annual Dividend Forecast | ¥40 → ¥60（+50.0%） |
| Segment revenue | Japan Business ¥71,218 million (YoY -4.0%), China and Travel Retail Business ¥78,326 million (YoY +4.5%), Asia-Pacific Business ¥18,026 million (YoY +5.6%), Americas Business ¥29,564 million (YoY +8.7%), European Business ¥32,547 million (YoY +3.1%), Other ¥2,277 million (YoY -30.0%) |
| Segment profit | Japan Business ¥10,418 million (core operating profit) (YoY -8.1%), China and Travel Retail Business ¥15,705 million (core operating profit) (YoY +18.0%), Asia-Pacific Business ¥503 million (core operating profit), Americas Business ¥329 million (core operating profit), European Business ¥-1,637 million (core operating loss), Other ¥-661 million (core operating loss) |
| Regional sales | ¥71,218 million (YoY -4.0%), ¥78,326 million (YoY +4.5%), ¥18,026 million (YoY +5.6%), ¥29,564 million (YoY +8.7%), ¥32,547 million (YoY +3.1%) |
| Depreciation and amortization | ¥17,554 million (depreciation and amortization) |
| Impairment loss | ¥42 million |
| Breakdown of extraordinary income (loss) | The IFRS statement of profit or loss does not present separate categories for extraordinary income and extraordinary losses. Items adjusting operating profit comprise ¥658 million in restructuring costs, ¥42 million in impairment losses, and ¥4 million in reversals of impairment losses. |
| Disclosure regarding the going concern assumption | Not applicable. |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement Not disclosed |
| Changes in the scope of consolidation | New 0 / Excluded 0 / Company name Not disclosed |
| Material subsequent events | The Company decided to close Taiwan Shiseido's Hsinchu factory and transfer production to domestic facilities, including the Nasu factory. Production is scheduled to end in the first quarter of 2027, with closure planned for the second half of 2027. Related costs are expected to total approximately ¥3.5 billion, of which approximately ¥2.0 billion is expected to be recognized in the current consolidated fiscal year and approximately ¥1.5 billion in the following consolidated accounting period. |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Available (for investors, analysts and others) |
| Issued Shares at Period-End | 400,000,000 Shares |
| Treasury Shares at Period-End | 445,283 Shares |
| Factors Behind Changes in Business Performance | The main body of this financial results summary does not explain the specific factors behind changes in results and directs readers to the earnings presentation for the first quarter of 2026 published on the same day. In terms of the figures, sales increased in China and Travel Retail, Asia Pacific, the Americas and Europe, while sales decreased in Japan and Other. |
Items this document does not state (5)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyOrders received and order backlog
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The Company explained that the decision is based on "Evolution of Global Operations," one of the pillars of its "2030 Medium-Term Strategy" announced in November 2025, and is intended to optimize its global production and logistics structure, improve factory utilization, and enhance cost efficiency. For Taiwan Shiseido, the Company plans to concentrate management resources on its distribution business in the local market.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.