Shiseido returned to profitability in its consolidated results for January–September 2026 and raised its earnings forecast for the fiscal year ending December 2026 to a projected net profit of ¥62 billion. The sales forecast was also raised to around ¥1 trillion.
Shiseido's consolidated results for January–September 2026 included sales of ¥741.1 billion, up 6.8% year on year, core operating profit of ¥67.4 billion, 2.2 times the year-earlier figure, operating profit of ¥63.4 billion and net profit of ¥44.3 billion, with each measure returning to profitability.
The consolidated earnings forecast for the fiscal year ending December 2026 was revised upward to sales of ¥1.025 trillion, core operating profit of ¥87 billion, operating profit of ¥87 billion and net profit of ¥62 billion. Both operating and bottom-line profit/loss were in the red in the previous fiscal year, but the company expects to be profitable this fiscal year.
The higher profit forecast is attributed to improved earnings from structural reforms and favourable foreign exchange movements. The reforms carried out in 2025 are said to have boosted profit in January–September 2026. Fixed-cost reductions, tighter expense controls and tariff refunds are also expected to contribute.