Shiseido Company Future Growth
Future criteria checks 3/6
Shiseido Company is forecast to grow earnings and revenue by 38.9% and 2.9% per annum respectively. EPS is expected to grow by 39.1% per annum. Return on equity is forecast to be 8.8% in 3 years.
Key information
38.9%
Earnings growth rate
39.11%
EPS growth rate
| Personal Products earnings growth | 14.7% |
| Revenue growth rate | 2.9% |
| Future return on equity | 8.83% |
| Analyst coverage | Good |
| Last updated | 16 Jun 2026 |
Recent future growth updates
Analysis Article • May 14
Shiseido Company, Limited Just Recorded A 47% EPS Beat: Here's What Analysts Are Forecasting Next
Shareholders might have noticed that Shiseido Company, Limited ( TSE:4911 ) filed its first-quarter result this time...Analysis Article • Feb 12
Shiseido Company, Limited (TSE:4911) Just Reported And Analysts Have Been Lifting Their Price Targets
It's been a pretty great week for Shiseido Company, Limited ( TSE:4911 ) shareholders, with its shares surging 15% to...Analysis Article • Nov 12
Shiseido Company, Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's been a good week for Shiseido Company, Limited ( TSE:4911 ) shareholders, because the company has just released...Recent updates
Narrative Update • Jun 15
4911: Higher Margins And Premium P/E Will Support Earnings Outlook
Analysts have slightly reduced their price target for Shiseido Company, with updated fair value estimates moving from about ¥4,248 to roughly ¥4,195. This change reflects modest adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E.Narrative Update • Jun 01
4911: Higher Margins And Premium P/E Will Support Earnings Outlook
Analysts have lifted their price target for Shiseido Company from ¥4,000 to about ¥4,248, citing updated assumptions that include a slightly higher discount rate, a small adjustment to expected revenue growth, modestly higher projected profit margins, and a marginally higher future P/E multiple. Valuation Changes Fair Value: updated from ¥4,000 to ¥4,248.04, representing a modest upward adjustment to the modelled price target.Analysis Article • May 14
Shiseido Company, Limited Just Recorded A 47% EPS Beat: Here's What Analysts Are Forecasting Next
Shareholders might have noticed that Shiseido Company, Limited ( TSE:4911 ) filed its first-quarter result this time...
Narrative Update • Apr 29
4911: Higher 2026 Dividend Outlook Will Likely Face Profitability Constraints
Analysts have raised their price target on Shiseido Company from ¥2,760.98 to ¥3,179, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E multiples. What's in the News Shiseido Company issued dividend guidance for the second quarter of fiscal 2026, with an expected dividend of ¥30 per share compared with ¥20 per share a year earlier (Key Developments).Narrative Update • Apr 15
4911: Higher 2026 Dividends Will Support Earnings Outlook
Analysts have maintained Shiseido Company's fair value estimate at ¥4,000, citing updated assumptions around discount rate, revenue growth, profit margin, and future P/E that they view as broadly offsetting each other. What's in the News Shiseido Company issued dividend guidance for the second quarter of 2026 at ¥30 per share, compared with ¥20 per share a year earlier (Key Developments).Narrative Update • Apr 01
4911: Future Dividend Policy And Higher Margins Will Support Earnings Outlook
Analysts have raised Shiseido Company's fair value estimate from ¥3,700 to ¥4,000, reflecting updated views on slightly higher revenue growth, profit margins, and a modestly higher future P/E assumption. What's in the News Shiseido Company issued dividend guidance for the second quarter of fiscal 2026, with an expected dividend of ¥30 per share compared with ¥20 per share a year earlier (Key Developments).Narrative Update • Mar 18
4911: Future Dividend Policy Will Underpin Stronger Earnings Outlook
Analysts have raised their fair value estimate for Shiseido Company from ¥3,240 to ¥3,700, citing updated assumptions for discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Shiseido Company issued earnings guidance for the year ending December 31, 2026, with expected net sales of ¥990,000 million, operating profit of ¥59,000 million and profit attributable to owners of parent of ¥42,000 million, or ¥105.12 per basic share (Key Developments).
Narrative Update • Mar 04
4911: Lower Growth Outlook And Rich P/E Will Restrain Future Share Returns
Analysts have maintained their fair value estimate for Shiseido Company at ¥1,930.6. The updated assumptions reflect a revised discount rate, an adjusted revenue growth outlook, slightly higher profit margin expectations, and a modestly lower future P/E multiple. What's in the News Shiseido issued earnings guidance for the year ending December 31, 2026, with expected net sales of ¥990,000 million, operating profit of ¥59,000 million, and profit attributable to owners of parent of ¥42,000 million, or ¥105.12 per basic share (company guidance).Narrative Update • Feb 17
4911: Medium Term Profit Outlook Will Likely Prove Too Optimistic
Analysts have lifted their price target for Shiseido Company from ¥2,557.06 to ¥2,760.98, citing updated assumptions around discount rates, projected profit margins and future P/E levels. What's in the News Shiseido Company issued earnings guidance for the year ending December 31, 2026, giving investors a clearer view of its medium term expectations (Key Developments).Analysis Article • Feb 12
Shiseido Company, Limited (TSE:4911) Just Reported And Analysts Have Been Lifting Their Price Targets
It's been a pretty great week for Shiseido Company, Limited ( TSE:4911 ) shareholders, with its shares surging 15% to...Narrative Update • Feb 03
4911: Impairment And Weaker Earnings Guidance Will Pressure Future Share Returns
Analysts kept their fair value estimate for Shiseido Company broadly steady at ¥1,930.6, with modest tweaks to assumptions such as a slightly lower discount rate, marginally higher revenue growth and profit margin expectations, and a small adjustment to the future P/E. Together, these refinements adjust their valuation view without overhauling it.Narrative Update • Jan 20
4911: Impairment And Weaker Earnings Outlook Will Pressure Future Share Returns
Analysts now see Shiseido Company’s fair value at ¥1,930.6, down from ¥2,000.0, reflecting updated views on discount rate assumptions, expected revenue growth, profit margins and future P/E. What's in the News Shiseido Company reported a goodwill impairment loss of ¥46.8 billion in its consolidated financial results for the third quarter of fiscal 2025, tied to declined profitability in the Americas business (Key Developments).Analysis Article • Jan 11
Shiseido Company, Limited's (TSE:4911) Earnings Haven't Escaped The Attention Of Investors
There wouldn't be many who think Shiseido Company, Limited's ( TSE:4911 ) price-to-sales (or "P/S") ratio of 1x is...Narrative Update • Jan 06
4911: Outlook Will Balance Americas Impairment, Tariffs And Structural Reforms
Analysts have adjusted their price outlook on Shiseido Company slightly, with the updated target now reflecting modest tweaks to the discount rate and assumed future P/E multiple, while keeping estimated fair value broadly in line with prior expectations. What's in the News Shiseido recognized a goodwill impairment loss of ¥46.8b in its consolidated financial results for the third quarter of fiscal 2025, linked to profitability issues in its Americas Business (Key Developments).Narrative Update • Dec 21
4911: Outlook Will Weigh Americas Impairment Against Modest Margin Improvement
Analysts have nudged their price target on Shiseido Company slightly higher to approximately ¥2,560 from about ¥2,550. They cited marginal improvements in projected profit margins and valuation multiples, while growth and discount rate assumptions remain largely unchanged.Analysis Article • Dec 06
Is There An Opportunity With Shiseido Company, Limited's (TSE:4911) 35% Undervaluation?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Shiseido Company fair value estimate is JP¥3,614 Shiseido...Narrative Update • Dec 06
4911: Outlook Will Balance Impairment Loss Risks With Modest Margin Improvements
Analysts have slightly lowered their price target for Shiseido Company from ¥2,604 to approximately ¥2,551, as modestly softer expectations for long term revenue growth and valuation multiples more than offset a small improvement in projected profit margins. What's in the News Shiseido recognized a goodwill impairment loss of ¥46.8 billion in its consolidated results for the third quarter of fiscal 2025, reflecting weaker performance in certain businesses (company disclosure).Analysis Article • Nov 12
Shiseido Company, Limited Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
It's been a good week for Shiseido Company, Limited ( TSE:4911 ) shareholders, because the company has just released...Analysis Article • Sep 27
Shiseido Company (TSE:4911) Has A Pretty Healthy Balance Sheet
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Aug 28
Global Cost Reforms And E-commerce Expansion Will Empower Premium Skincare
Shiseido Company's fair value assessment remains stable as both its future P/E and discount rate saw only marginal changes, resulting in an unchanged consensus analyst price target of ¥2595. Valuation Changes Summary of Valuation Changes for Shiseido Company The Consensus Analyst Price Target remained effectively unchanged, at ¥2595.Analysis Article • Aug 26
Estimating The Intrinsic Value Of Shiseido Company, Limited (TSE:4911)
Key Insights The projected fair value for Shiseido Company is JP¥2,905 based on 2 Stage Free Cash Flow to Equity...Analysis Article • Aug 08
Results: Shiseido Company, Limited Beat Earnings Expectations And Analysts Now Have New Forecasts
TSE:4911 1 Year Share Price vs Fair Value Explore Shiseido Company's Fair Values from the Community and select yours...Analysis Article • Jul 06
Shiseido Company (TSE:4911) Will Be Hoping To Turn Its Returns On Capital Around
What financial metrics can indicate to us that a company is maturing or even in decline? A business that's potentially...
New Narrative • Jan 05
The Company's SHIFT 2025 Strategy And ELIXIR Launch Will Enhance Profitability And Fuel Global Expansion
Structural reforms and new high-end products drive cost savings, operational efficiency, and profitability, enhancing margins in Japan and China.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 1,063,513 | 58,488 | 71,345 | 109,738 | 15 |
| 12/31/2027 | 1,031,972 | 52,219 | 73,409 | 112,239 | 16 |
| 12/31/2026 | 1,001,772 | 40,828 | 73,016 | 107,612 | 16 |
| 3/31/2026 | 973,709 | -35,995 | 66,546 | 106,566 | N/A |
| 12/31/2025 | 969,992 | -40,680 | 65,464 | 109,890 | N/A |
| 9/30/2025 | 961,649 | -55,550 | 20,449 | 66,950 | N/A |
| 6/30/2025 | 951,881 | -1,294 | 6,057 | 54,680 | N/A |
| 3/31/2025 | 969,374 | -3,841 | -4,031 | 47,330 | N/A |
| 12/31/2024 | 990,586 | -10,813 | -2,305 | 48,403 | N/A |
| 9/30/2024 | 973,375 | 1,986 | 18,548 | 70,906 | N/A |
| 6/30/2024 | 987,385 | 10,012 | 23,680 | 76,959 | N/A |
| 3/31/2024 | 982,482 | 9,783 | 33,058 | 89,637 | N/A |
| 12/31/2023 | 973,038 | 21,749 | 33,351 | 89,026 | N/A |
| 9/30/2023 | 1,027,029 | 25,673 | 66,807 | 125,651 | N/A |
| 6/30/2023 | 1,068,145 | 29,709 | 61,171 | 121,089 | N/A |
| 3/31/2023 | 1,073,341 | 38,483 | 17,623 | 84,473 | N/A |
| 12/31/2022 | 1,067,355 | 34,202 | -19,469 | 46,735 | N/A |
| 9/30/2022 | 1,052,535 | 34,728 | N/A | N/A | N/A |
| 6/30/2022 | 1,020,877 | 75,963 | -39,794 | 24,378 | N/A |
| 3/31/2022 | 1,025,177 | 48,365 | N/A | N/A | N/A |
| 12/31/2021 | 1,035,165 | 42,439 | 30,435 | 122,887 | N/A |
| 9/30/2021 | 1,012,586 | 38,765 | N/A | N/A | N/A |
| 6/30/2021 | 1,010,763 | -7,562 | 60,551 | 148,206 | N/A |
| 3/31/2021 | 938,006 | -14,589 | N/A | N/A | N/A |
| 12/31/2020 | 920,888 | -11,660 | -9,444 | 64,045 | N/A |
| 9/30/2020 | 938,597 | -12,564 | N/A | N/A | N/A |
| 6/30/2020 | 984,712 | -266 | -55,621 | 38,575 | N/A |
| 3/31/2020 | 1,084,822 | 41,455 | N/A | N/A | N/A |
| 12/31/2019 | 1,131,547 | 73,562 | N/A | 75,562 | N/A |
| 9/30/2019 | 1,135,690 | 69,861 | N/A | N/A | N/A |
| 6/30/2019 | 1,126,876 | 66,189 | N/A | 73,974 | N/A |
| 3/31/2019 | 1,104,683 | 66,042 | N/A | N/A | N/A |
| 12/31/2018 | 1,094,825 | 61,403 | N/A | 92,577 | N/A |
| 9/30/2018 | 1,079,621 | 103,707 | N/A | N/A | N/A |
| 6/30/2018 | 1,065,549 | 51,610 | N/A | 101,511 | N/A |
| 3/31/2018 | 1,036,365 | 37,620 | N/A | N/A | N/A |
| 12/31/2017 | 1,005,062 | 22,749 | N/A | 95,392 | N/A |
| 9/30/2017 | 958,779 | -22,032 | N/A | N/A | N/A |
| 6/30/2017 | 910,136 | 26,410 | N/A | 66,551 | N/A |
| 3/31/2017 | 869,499 | 18,798 | N/A | N/A | N/A |
| 12/31/2016 | 850,306 | 32,101 | N/A | 59,129 | N/A |
| 12/31/2015 | 984,979 | 29,055 | N/A | 80,705 | N/A |
| 9/30/2015 | 823,898 | 13,027 | N/A | 55,897 | N/A |
| 6/30/2015 | 811,620 | 39,125 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4911 is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.8%).
Earnings vs Market: 4911 is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: 4911 is expected to become profitable in the next 3 years.
Revenue vs Market: 4911's revenue (2.9% per year) is forecast to grow slower than the JP market (6.5% per year).
High Growth Revenue: 4911's revenue (2.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4911's Return on Equity is forecast to be low in 3 years time (8.8%).
Discover growth companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/20 21:02 |
| End of Day Share Price | 2026/06/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Shiseido Company, Limited is covered by 29 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mitsuko Miyasako | Barclays |
| Melinda Hu | Bernstein |
| Ashley Wallace | BofA Global Research |