Shiseido, Net Income/Loss Unexpectedly Turn to Loss for Last Fiscal Year, Returning to Profitability This Year, Reduced Previous Year's Dividend by 20 yen, Plan to Continue the 40 yen Policy This Fiscal Year as Well

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Mon Feb 10, 2025 3:30 pm JST Earnings

4911 Shiseido Company, Limited 【IFRS】

Earnings Report

Shiseido Company, Limited <4911> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 10th (15:30). The consolidated net income/loss for the fiscal year ending December 2024 turned into a loss of 10.8 billion yen (compared to a profit of 21.7 billion yen in the previous period), falling below the forecast of a 6 billion yen, and tuning into a loss. In the fiscal year ending December 2025, the profit is expected to recover to profit of 6 billion yen.

At the same time, the company has reduced the annual dividend for the previous term from 60 yen to 40 yen (compared to 60 yen in the prior term), and has decided to continue with a dividend of 40 yen for the current term as well.

In the most recent three-month period, from October to December (4Q), the consolidated net income/loss turned to a loss of 11.5 billion yen (compared to a profit of 1.23 billion yen in the same period last year). However, the operating profit margin improved from 0.9% in the same period last year to 2.0%.

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Actual Results

Historical Performance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,067,355	46,572	50,428	34,202	85.6	100	Feb 10, 2023	IFRS
Dec, 2023	973,038	28,133	31,037	21,749	54.4	60	Feb 9, 2024	IFRS
Dec, 2024	990,586	7,575	-1,265	-10,813	-27.1	40	Feb 10, 2025	IFRS
YoY	+1.8%	-73.1%	－	－	－

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	990,000	5,000	11,000	6,000	15.0	60	Nov 7, 2024	IFRS
Dec, 2024 Results	990,586	7,575	-1,265	-10,813	-27.1	40	Feb 10, 2025	IFRS
Revision Rate	+0.1%	+51.5%	－	－	－

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	508,536	-2,728	4,207	15	0.0	30	Aug 7, 2024	IFRS
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	20	Feb 10, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	973,038	28,133	31,037	21,749	54.4	60	Feb 9, 2024	IFRS
Dec, 2024	990,586	7,575	-1,265	-10,813	-27.1	40	Feb 10, 2025	IFRS
Dec, 2025 Guidance	995,000	13,500	14,500	6,000	15.0	40	Feb 10, 2025	IFRS
YoY	+0.4%	+78.2%	－	－	－

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	250,621	2,307	2,316	1,232	3.1	0.9	Feb 9, 2024	IFRS
Jan - Mar, 2024	249,453	-8,745	-3,827	-3,286	-8.2	-3.5	May 10, 2024	IFRS
Apr - Jun, 2024	259,083	6,017	8,034	3,301	8.8	2.3	Aug 7, 2024	IFRS
Jul - Sep, 2024	214,218	4,911	2,945	739	1.9	2.3	Nov 7, 2024	IFRS
Oct - Dec, 2024	267,832	5,392	-8,417	-11,567	-29.0	2.0	Feb 10, 2025	IFRS
YoY	+6.9%	+133.7%	－	－	－