Japanese cosmetics maker Pola Orbis is expecting a year-on-year 25 per cent increase in consolidated operating profit, thanks to the popularity of its premium range.
The company is expecting an increase of approximately 13 billion yen ($106 million) in the January to September period on the proposed consolidated sales of around 150 billion yen, up 5 per cent. While January to June sales stayed below the previous year’s record, revenues to September are expected to return to a similar level.
This news follows the launch of products into the company’s premium Pola brand of cosmetics, while in August Pola Orbis launched new skin care products into its popular high end B.A brand. Indeed another skin care product White Shot has also been reporting great sales figures since its launch.
Tourists – particularly from China – have also been boosting sales of the Australian brand Jurlique while foreigners have also been boosting sales of high end food products in Japan. While the mass market brand Orbis, which was hit by the 2014 consumption tax increase – has also been recovering well.