Shiseido smashes Tokyo trading record as shares climb 20 percent following 3Q results

Shiseido smashes Tokyo trading record as shares climb 20 percent following 3Q results

Shiseido has set a Tokyo trading record, with shares climbing 20 per cent to ¥2,690.5 yesterday morning following the company’s announcement of its third quarter results, according to a report published by Bloomberg Business.

The company reported operating profit of ¥37.5 billion and sales of ¥763 billion for the nine months ended December 31, as Chinese tourists continued to snap up the Japanese cosmetics producer’s skin care and make-up products.

Visitors from mainland China have more than doubled in the last year, reaching a high of 5 million, according to the Japan National Tourism Organization, fuelled by the relative weakness of the yen and growing affluence in China.

 

Leave a reply

Your email address will not be published. Required fields are marked *