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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

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% － － －

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