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.

In the fiscal year 2023, business in mainland China regained vitality; however, Chinese consumers have become more discerning when it comes to products and prices.

Founded in 1914, headquartered in Avesta, Sweden, Haglöfs primarily engages in the design, production, and sale of outdoor apparel and equipment.

This year, Shiseido Company has introduced a new mid-term strategy called “SHIFT 2025 and Beyond.”

Since the beginning of this year, the company’s stock has experienced a significant increase of nearly 33%. As a result, the current market value stands at approximately ¥684.1 billion.

On June 3rd, Snow Peak opened its first Snow Peak Cafe in China, as well as its sixth store, in Ziyang Mountain Villa, Mentougou, Beijing.

Currently, the Japanese tourism industry is shifting towards wealthier clientele because they are more willing to spend on high-end luxury goods and services.

Samantha Thavasa has reported a net loss for seven consecutive fiscal years, as well as operating losses for four consecutive years, as of the fiscal year ending in February 2023.

The group raised its full-year profit forecast from 350 billion yen in Q1 to 360 billion yen, higher than the average expectation of 347 billion yen by 14 analysts.

Meanwhile, Japan’s tourism industry is facing a record labor shortage.