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On August 8, the company’s stock price dropped by JPY 700 to JPY 3,810 per share, hitting the lower limit, with a latest market capitalization of JPY 1.523 trillion.
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The core operating profit in the Chinese market amounted to 1 billion yen, marking a significant increase of 2.3 billion yen compared to the previous year, thanks to effective cost management strategies.
Prior to joining Estée Lauder Companies, Shane Wolf worked for several years in L’Oréal Group’s hair care business, holding the latest position of Global President for the Professional Products Division’s American brands.
In terms of mainland China operations, during the fiscal year 2023, Shiseido Group is transitioning from a growth model primarily driven by large-scale promotions to a more sustainable growth model, focusing on value-based brand and product communication to meet consumer demands.
This year, Shiseido Company has introduced a new mid-term strategy called “SHIFT 2025 and Beyond.”
In the future in the Chinese market, the Group will expand its brand portfolio and expand into new areas.
