Shiseido Company (SHD) 주식 개요시세이도 컴퍼니는 일본 및 해외에서 화장품을 생산 및 판매하는 회사입니다. 자세히 보기SHD 펀더멘털 분석스노우플레이크 점수가치 평가4/6미래 성장3/6과거 실적0/6재무 건전성6/6배당3/6강점공정 가치 추정치보다 낮은 13.5% 에서 거래수익은 매년 38.64% 증가할 것으로 예상됩니다.동종업계 및 업계 대비 좋은 가치로 거래위험 분석2.22% 의 배당금은 수익으로 잘 충당되지 않습니다.모든 위험 점검 보기SHD Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair Value€Current Price€13.8728.3% 저평가 내재 할인율Growth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture-36b1t2016201920222025202620282031Revenue JP¥1.1tEarnings JP¥108.3bAdvancedSet Fair ValueView all narrativesShiseido Company, Limited 경쟁사BeiersdorfSymbol: XTRA:BEIMarket cap: €16.0bHenkel KGaASymbol: XTRA:HEN3Market cap: €26.1bColgate-Palmolive (India)Symbol: BSE:500830Market cap: ₹567.7bDabur IndiaSymbol: NSEI:DABURMarket cap: ₹790.1b가격 이력 및 성과Shiseido Company 주가의 최고가, 최저가 및 변동 요약과거 주가현재 주가JP¥13.8752주 최고가JP¥18.6652주 최저가JP¥11.67베타0.521개월 변동-18.22%3개월 변동-20.01%1년 변동3.78%3년 변동-66.48%5년 변동-76.88%IPO 이후 변동-4.67%최근 뉴스 및 업데이트Board Change • May 21High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Andy House was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Mar 27Shiseido Company, Limited Announces Directorate AppointmentsShiseido Company, Limited, at the AGM held on March 25, 2026 approved appointment of Mr. Hitoshi Okamoto, Mr. Andrew House, Ms. Keiko Kaneko and Mr. Takuya Nakata as Directors and assumed their offices.공시 • Feb 11+ 1 more updateShiseido Company, Limited Provides Earnings Guidance for the Year Ending December 31, 2026Shiseido Company, Limited provided earnings guidance for the year ending December 31, 2026. For the year, the company expects net sales of ¥990,000 million, operating profit of ¥59,000 million, profit attributable to owners of parent of ¥42,000 million or ¥105.12 per basic share.공시 • Feb 10Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026.공시 • Dec 03+ 3 more updatesShiseido Company, Limited to Report Fiscal Year 2025 Results on Feb 10, 2026Shiseido Company, Limited announced that they will report fiscal year 2025 results on Feb 10, 2026공시 • Nov 11+ 2 more updatesShiseido Company, Limited Reports Impairment Loss on Goodwill for the Third Quarter of 2025Shiseido Company, Limited reported impairment loss on goodwill for the third quarter 2025. The Company thus decided to recognize a goodwill impairment loss of ¥46.8 billion in its consolidated financial results for the third quarter of fiscal 2025.더 많은 업데이트 보기Recent updatesBoard Change • May 21High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Andy House was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Mar 27Shiseido Company, Limited Announces Directorate AppointmentsShiseido Company, Limited, at the AGM held on March 25, 2026 approved appointment of Mr. Hitoshi Okamoto, Mr. Andrew House, Ms. Keiko Kaneko and Mr. Takuya Nakata as Directors and assumed their offices.공시 • Feb 11+ 1 more updateShiseido Company, Limited Provides Earnings Guidance for the Year Ending December 31, 2026Shiseido Company, Limited provided earnings guidance for the year ending December 31, 2026. For the year, the company expects net sales of ¥990,000 million, operating profit of ¥59,000 million, profit attributable to owners of parent of ¥42,000 million or ¥105.12 per basic share.공시 • Feb 10Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026.공시 • Dec 03+ 3 more updatesShiseido Company, Limited to Report Fiscal Year 2025 Results on Feb 10, 2026Shiseido Company, Limited announced that they will report fiscal year 2025 results on Feb 10, 2026공시 • Nov 11+ 2 more updatesShiseido Company, Limited Reports Impairment Loss on Goodwill for the Third Quarter of 2025Shiseido Company, Limited reported impairment loss on goodwill for the third quarter 2025. The Company thus decided to recognize a goodwill impairment loss of ¥46.8 billion in its consolidated financial results for the third quarter of fiscal 2025.공시 • Nov 10Shiseido Company, Limited Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025Shiseido Company, Limited revised consolidated earnings guidance for the fiscal year ending December 31, 2025. For the year, the company expects net sales of JPY 965,000 million, operating loss of JPY 42,000 million, loss attributable to owners of parent of JPY 52,000 million and basic loss per share of JPY 130.17 against previous guidance of net sales of JPY 995,000 million, operating profit of JPY 13,500 million, profit attributable to owners of parent of JPY 6,000 million and basic earnings per share of JPY 15.02. Net sales for the fiscal year ending December 31, 2025 are expected to fall short of the previous forecast, primarily reflecting the deceleration of inbound tourism consumption in Japan, a market slowdown in the U.S., as well as continued weakness with Drunk Elephant. The core operating profit is expected to remain in line with the previous forecast. While there may be an impact of certain factors including a decline in gross profit due to lower sales and the U.S. tariff policy, these will likely be largely offset by the benefits of company-wide structural reforms and cost management. The operating profit, profit before tax and profit attributable to owners of parent are expected to fall short of the previous forecasts as the Company has recognized a goodwill impairment loss of ¥46.8 billion. The operating profit, profit before tax and profit attributable to owners of parent are expected to fall short of the previous forecasts as the Company has recognized a goodwill impairment loss of ¥46.8 billion in the third quarter of the year, in light of the results of an impairment test conducted due to the declined profitability in the Americas Business.Board Change • Aug 18High number of new directorsThere are 8 new directors who have joined the board in the last 3 years. CFO, Corp. Exe. Off., Chief Investor Engagement Officer and Chief DE&I Officer and Director Ayako Hirofuji was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Apr 16Shiseido Company, Limited Announces Executive ChangesShiseido Company, Limited announced that Ron Gee has resigned as Americas Region CEO as of April 14, 2025. To support this leadership transition, Alberto Noe has been appointed interim CEO of the Americas Region as of April 15, 2025 in addition to his current responsibilities as EMEA Region CEO.공시 • Mar 27+ 1 more updateShiseido Company, Limited Approves Year-End Dividend for the Fiscal Year Ended December 31, 2024, Payable on March 27, 2025Shiseido Company, Limited approved year-end dividend of JPY 10.00 per share for the fiscal year ended December 31, 2024, payable on March 27, 2025. The total amount thereof is JPY 3,994,231,370.공시 • Feb 10+ 2 more updatesShiseido Company, Limited Announces Year-End Dividend for the Year Ended December 31, 2024, Payable on March 27, 2025; Provides Second Quarter-End Dividend Guidance of Fiscal Year Ending December 31, 2025Shiseido Company, Limited announced year-end dividend of JPY 10.00 per share for the year ended December 31, 2024 against JPY 30.00 per share a year ago. Start of cash dividend payments: March 27, 2025 (plan). The company provided second quarter-end dividend guidance of fiscal year ending December 31, 2025. For the second quarter-end, the company expects to pay dividend of JPY 20.00 per share against JPY 30.00 per share a year ago.공시 • Dec 03+ 4 more updatesShiseido Company, Limited to Report Q3, 2025 Results on Oct 10, 2025Shiseido Company, Limited announced that they will report Q3, 2025 results on Oct 10, 2025Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥1.85 (vs JP¥21.93 in 3Q 2023)Third quarter 2024 results: EPS: JP¥1.85 (down from JP¥21.93 in 3Q 2023). Revenue: JP¥214.2b (down 6.1% from 3Q 2023). Net income: JP¥739.0m (down 92% from 3Q 2023). Profit margin: 0.3% (down from 3.8% in 3Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.공시 • Nov 07Shiseido Company, Limited Provides Earnings Guidance for the Year Ending December 31, 2024Shiseido Company, Limited provided earnings guidance for the year ending December 31, 2024. For the year the company expects net sales of ¥999,000 million, operating profit of ¥5,000 million, profit attributable to owners of parent of ¥6,000 million or ¥15.01 basic per share.Buy Or Sell Opportunity • Oct 24Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to €20.01. The fair value is estimated to be €25.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 36% per annum over the same time period.공시 • Sep 26Shiseido Company, Limited Announces Management ChangesShiseido Company, Limited announced changes in executive officers, effective January 1, 2025: Name: Echo Lo; Current Title: SHISEIDO Global Brand Unit Deputy Chief Brand Officer; New Title: Chief Brand Officer - brand SHISEIDO. Retiring Executive Officers (as of December 31, 2024): Masahiko Uotani, Chairman; Kenichi Saito, Chief Quality Officer. Executive Officers (as of January 1, 2025): Yoshiaki Okabe: Current Title: Executive Vice President Chief Marketing & Innovation Officer Chief Brand Officer - brand SHISEIDO; New Title: Chief Marketing & Innovation Officer. Norio Tadakawa: Current Title: Senior Executive Officer Chief Strategic Business Development Officer; New Title: Chief Business Transformation Officer, Chief Corporate Communication Officer, Chief Quality Officer. Mizuki Hashimoto: Current Title: Chief Brand Officer - Clé de Peau Beauté; New Title: Chief Brand Officer - Clé de Peau Beauté, THE GINZA, BAUM. Yuko Kato: Current Title: Chief Corporate Governance Officer; New Title: Chief Corporate Governance Officer, Corporate Secretary.Buy Or Sell Opportunity • Sep 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 32% to €20.00. The fair value is estimated to be €25.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 36% per annum over the same time period.Buy Or Sell Opportunity • Aug 22Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to €20.51. The fair value is estimated to be €26.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 35% per annum over the same time period.Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: JP¥0.019 (vs JP¥7.69 in 2Q 2023)Second quarter 2024 results: EPS: JP¥0.019 (down from JP¥7.69 in 2Q 2023). Revenue: JP¥254.3b (flat on 2Q 2023). Net income: JP¥7.50m (down 100% from 2Q 2023). Profit margin: 0% (down from 1.2% in 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (245% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).Declared Dividend • Aug 09Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 125%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (245% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 172% to bring the payout ratio under control. EPS is expected to grow by 140% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.공시 • Aug 08Shiseido Company, Limited (TSE:4911) announces an Equity Buyback for 300,000 shares, representing 0.08% for ¥1,800 million.Shiseido Company, Limited (TSE:4911) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.08% of its issued share capital for a total purchase price of ¥1,800 million. The purpose of the program is to allocate to performance-linked stock compensation. The program will expire on August 30, 2024. As of June 30, 2024, the company had 399,711,046 issued shares (excluding treasury stock) and 288,954 treasury shares.공시 • Aug 07Shiseido Company, Limited Announces Dividend for the Second Quarter Ended June 30, 2024, Payable on September 5, 2024Shiseido Company, Limited announced dividend of JPY 30.00 per share for the second quarter ended June 30, 2024 against JPY 30.00 per share paid a year ago. Start of cash dividend payments: September 5, 2024 (plan).Buy Or Sell Opportunity • Jul 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €28.48. The fair value is estimated to be €23.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.공시 • Jul 30+ 1 more updateShiseido Company, Limited Announces CEO Changes, Effective January 1, 2025Shiseido Company, Limited at its board meeting held on July 30, 2024, announced that, Masahiko Uotani will be retiring from CEO as of December 31, 2024 upon completion of his tenure as previously announced, and Kentaro Fujiwara will be appointed as CEO, Effective January 1, 2025.Buy Or Sell Opportunity • Jul 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.1% to €26.79. The fair value is estimated to be €22.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 33% per annum over the same time period.공시 • Jun 22CVC Capital Partners Asia V L.P. managed by CVC Capital Partners Limited agreed to acquire an additional 20.09% stake in FineToday Holdings Co., Ltd. from Shiseido Company, Limited (TSE:4911).CVC Capital Partners Asia V L.P. managed by CVC Capital Partners Limited agreed to acquire an additional 20.09% stake in FineToday Holdings Co., Ltd. from Shiseido Company, Limited (TSE:4911) on June 20, 2024. Upon completion, CVC Capital Partners Limited will own 85.09% stake in FineToday Holdings Co., Ltd. The expected completion of the transaction is June 30, 2024.Reported Earnings • May 13First quarter 2024 earnings released: JP¥8.22 loss per share (vs JP¥21.72 profit in 1Q 2023)First quarter 2024 results: JP¥8.22 loss per share (down from JP¥21.72 profit in 1Q 2023). Revenue: JP¥249.5b (up 3.9% from 1Q 2023). Net loss: JP¥3.29b (down 138% from profit in 1Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.Declared Dividend • Apr 11Final dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 125%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 108% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Apr 01High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. Chairman, CEO & Executive Corporate Officer Masahiko Uotani is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.Reported Earnings • Mar 30Full year 2023 earnings released: EPS: JP¥54.43 (vs JP¥85.60 in FY 2022)Full year 2023 results: EPS: JP¥54.43 (down from JP¥85.60 in FY 2022). Revenue: JP¥973.0b (down 8.8% from FY 2022). Net income: JP¥21.7b (down 36% from FY 2022). Profit margin: 2.2% (down from 3.2% in FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.공시 • Mar 27+ 1 more updateShiseido Company, Limited Approves Director AppointmentsShiseido Company, Limited at its AGM held on March 26, 2024, announced that Ms. Hiromi Anno, Mr. Takeshi Yoshida, Mr. Hiroshi Ozu, Ms. Yasuko Gotoh and Ms. Ritsuko Nonomiya were newly elected as Directors and assumed their offices respectively. Mr. Hiroshi Ozu, Ms. Yasuko Gotoh and Ms. Ritsuko Nonomiya are External Directors as provided in Article 2, item (xv) of the Companies Act. Directors Ms. Hiromi Anno and Ms. Takeshi Yoshida were appointed as full-time members of Audit Committee at a meeting of Audit Committee held after the close of this general meeting of shareholders and assumed their offices respectively.공시 • Feb 28Shiseido Company, Limited Announces Regional Leadership Changes, Effective from March 1, 2024Shiseido Company, Limited has announced that it will implement changes among the regional leadership of the Shiseido Group, effective March 1, 2024. The company to appoint Franck Marilly as EMEA Region Chairman from a current role EMEA Region CEO and Alberto Noe EMEA Region CEO from a current role EMEA Deputy Region CEO.Reported Earnings • Feb 11Full year 2023 earnings released: EPS: JP¥54.43 (vs JP¥85.60 in FY 2022)Full year 2023 results: EPS: JP¥54.43 (down from JP¥85.60 in FY 2022). Revenue: JP¥973.0b (down 8.8% from FY 2022). Net income: JP¥21.7b (down 36% from FY 2022). Profit margin: 2.2% (down from 3.2% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.공시 • Feb 09+ 6 more updatesShiseido Company, Limited, Annual General Meeting, Mar 26, 2024Shiseido Company, Limited, Annual General Meeting, Mar 26, 2024.Board Change • Jan 31High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Yoshihiko Hatanaka was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.공시 • Dec 22Shiseido Company, Limited Announces Management RetirementsShiseido Company, Limited announced retirement of Yukari Suzuki as director, Norio Tadakawa as Director, Senior Executive Officer and Takayuki Yokota as Director, Executive Officer as of January 1, 2024.공시 • Dec 05Shiseido Company, Limited to Report Fiscal Year 2023 Results on Feb 09, 2024Shiseido Company, Limited announced that they will report fiscal year 2023 results on Feb 09, 2024공시 • Nov 10+ 2 more updatesShiseido Company, Limited Announces Changes Among the Executive Officers, Effective January 1, 2024Shiseido Company, Limited has announced that it will implement changes among the Executive Officers, effective January 1, 2024. New Appointments: Ayako Hirofuji: Chief Investor Engagement Officer Chief DE&I Officer, Tomoko Ikeda: Chief Brand & Product Innovation Officer, Yuko Kato: Chief Corporate Governance Officer, Chiaki Tomita: Chief Brand Officer, Global Premium Brands, Assistant Chief DE&I Officer, Shinji Wada: Chief People Officer. Retirement: Yukari Suzuki Senior Executive Officer, Chief D&I Officer. Naomi Yamamoto: Chief Creative Officer. Executive Officers: Kentaro Fujiwara, new title: President and COO Japan Region Chief Executive Officer, current title: President and COO. Yoshiaki Okabe, new title: President and COO Japan Region Chief Executive Officer, current title: President and COO. Kentaro Fujiwara, new title: Executive Vice President Chief Marketing & Innovation Officer, Chief Brand Officer, brand SHISEIDO, current title: Executive Vice President, Chief Marketing & Innovation Officer, Chief Brand Innovation Officer, Chief Brand Officer, brand SHISEIDO. Norio Tadakawa: new title: Senior Executive Officer Chief Strategic Business Development Officer, current title: Senior Executive Officer, Japan Region Chief Executive Officer. Ayako Hirofuji, new title: Chief Investor Engagement Officer, Chief DE&I Officer, current title: Vice President, Investor Relations Department. Tomoko Ikeda: current title: Chief Brand & Product Innovation Officer, new title: Director, Global/SJ Brands Sun Care, Makeup, Fragrance Product Development Department, Brand Value R&D Institute. Yuko Kato, new title: Chief Corporate Governance Officer, current title: Vice President, Legal and Governance Department. Chiaki Tomita, new title: Chief Brand Officer, Global Premium Brands, Assistant Chief DE&I Officer, new title: Senior Vice President, Global, Premium Brand Unit. There is no change in title for other executives.공시 • Nov 02Shiseido Company, Limited Announces Integration of Osaka FactoriesShiseido Company, Limited has decided to integrate its Osaka Factory, a manufacturing base for mainly prestige skincare products, into the Osaka Ibaraki Factory, which is expected to be completed in the first half of 2026. After the completion of this integration, the Osaka Factory will cease its production activities. Factory Name: Shiseido Osaka Factory. Target Date of Completion: To be completed in the first half of 2026.공시 • Oct 31Shiseido Company, Limited to Report Q3, 2023 Results on Nov 10, 2023Shiseido Company, Limited announced that they will report Q3, 2023 results on Nov 10, 2023New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin).Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: JP¥7.69 (vs JP¥29.65 in 2Q 2022)Second quarter 2023 results: EPS: JP¥7.69 (down from JP¥29.65 in 2Q 2022). Revenue: JP¥254.2b (down 2.0% from 2Q 2022). Net income: JP¥3.07b (down 74% from 2Q 2022). Profit margin: 1.2% (down from 4.6% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.공시 • Aug 09+ 3 more updatesShiseido Company, Limited Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023Shiseido Company, Limited provided dividend guidance for the fiscal year ending December 31, 2023. For the year, the company expects to pay dividend of JPY 30.00 per share against JPY 75.00 per share paid a year ago.Upcoming Dividend • Jun 22Upcoming dividend of JP¥30.00 per share at 0.9% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.9%).Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥21.72 (vs JP¥11.01 in 1Q 2022)First quarter 2023 results: EPS: JP¥21.72 (up from JP¥11.01 in 1Q 2022). Revenue: JP¥240.0b (up 2.6% from 1Q 2022). Net income: JP¥8.68b (up 97% from 1Q 2022). Profit margin: 3.6% (up from 1.9% in 1Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.공시 • May 13+ 2 more updatesShiseido Company, Limited Provides Earnings Guidance for the Fiscal Year Ending December 31, 2023Shiseido Company, Limited provided earnings guidance for the Fiscal Year Ending December 31, 2023. For the yperiod, the company expects net sales of JPY 1,000,000 million, core operating profit of JPY 60,000 million and profit attributable to owners of parent of JPY 28,000 million or JPY 70.08 per basic share.Board Change • Apr 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent External Director Yoshihiko Hatanaka was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Mar 28Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥1.07t (up 3.1% from FY 2021). Net income: JP¥34.2b (down 19% from FY 2021). Profit margin: 3.2% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Reported Earnings • Feb 13Full year 2022 earnings released: EPS: JP¥85.60 (vs JP¥106 in FY 2021)Full year 2022 results: EPS: JP¥85.60 (down from JP¥106 in FY 2021). Revenue: JP¥1.07t (up 3.1% from FY 2021). Net income: JP¥34.2b (down 19% from FY 2021). Profit margin: 3.2% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.공시 • Feb 07+ 2 more updatesShiseido Company, Limited Provides Commemorative Dividend Guidance for the Year Ending December 31, 2022Shiseido Company, Limited provided commemorative dividend guidance for the year ending December 31, 2022. The company expects to pay commemorative dividend of JPY 50.00 per share for the year ending December 31, 2022 for the 150th anniversary of its founding.공시 • Jan 30Shiseido Company, Limited Announces Resignation of Koichi Noda Retiring as Executive Officer and Chief People Officer, Effective January 31, 2023Shiseido Company, Limited announced that it will implement a personnel transfer as effective January 31, 2023. Koichi Noda retiring as Executive Officer and Chief People Officer.Upcoming Dividend • Dec 22Upcoming dividend of JP¥75.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.1%).공시 • Dec 11Shiseido Company, Limited to Report Fiscal Year 2022 Results on Feb 10, 2023Shiseido Company, Limited announced that they will report fiscal year 2022 results on Feb 10, 2023Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. External Independent Director Charles Ditmars Lake was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: JP¥32.04 (vs JP¥135 in 3Q 2021)Third quarter 2022 results: EPS: JP¥32.04 (down from JP¥135 in 3Q 2021). Revenue: JP¥269.3b (up 13% from 3Q 2021). Net income: JP¥12.8b (down 76% from 3Q 2021). Profit margin: 4.8% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: JP¥29.65 (vs JP¥39.43 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥29.65 (up from JP¥39.43 loss in 2Q 2021). Revenue: JP¥259.4b (down 1.6% from 2Q 2021). Net income: JP¥11.8b (up JP¥27.6b from 2Q 2021). Profit margin: 4.6% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 3.8%, compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.주주 수익률SHDDE Personal ProductsDE 시장7D-5.5%4.3%1.6%1Y3.8%-6.7%2.2%전체 주주 수익률 보기수익률 대 산업: SHD은 지난 1년 동안 -6.7%의 수익을 기록한 German Personal Products 산업보다 더 좋은 성과를 냈습니다.수익률 대 시장: SHD은 지난 1년 동안 2.2%를 기록한 German 시장보다 더 좋은 성과를 냈습니다.주가 변동성Is SHD's price volatile compared to industry and market?SHD volatilitySHD Average Weekly Movement6.3%Personal Products Industry Average Movement5.2%Market Average Movement6.0%10% most volatile stocks in DE Market13.2%10% least volatile stocks in DE Market2.7%안정적인 주가: SHD는 지난 3개월 동안 German 시장에 비해 주가 변동성이 크지 않았습니다.시간에 따른 변동성: SHD의 주간 변동성(6%)은 지난 1년 동안 안정적이었습니다.회사 소개설립직원 수CEO웹사이트187226,330Kentaro Fujiwaracorp.shiseido.com시세이도 컴퍼니는 일본 및 해외에서 화장품을 생산 및 판매하는 회사입니다. 이 회사는 향수와 스킨케어 및 메이크업 제품을 소매 채널을 통해 판매합니다. 또한 레스토랑 및 식품 사업과 미용실 운영에도 참여하고 있습니다.더 보기Shiseido Company, Limited 기초 지표 요약Shiseido Company의 순이익과 매출은 시가총액과 어떻게 비교됩니까?SHD 기초 통계시가총액€5.69b순이익 (TTM)-€194.03m매출 (TTM)€5.25b1.1x주가매출비율(P/S)-30.0x주가수익비율(P/E)SHD는 고평가되어 있습니까?공정 가치 및 평가 분석 보기순이익 및 매출최근 실적 보고서(TTM)의 주요 수익성 지표SHD 손익계산서 (TTM)매출JP¥973.71b매출원가JP¥225.78b총이익JP¥747.93b기타 비용JP¥783.92b순이익-JP¥35.99b최근 보고된 실적Mar 31, 2026다음 실적 발표일Aug 05, 2026주당순이익(EPS)-90.09총이익률76.81%순이익률-3.70%부채/자본 비율37.2%SHD의 장기 실적은 어땠습니까?과거 실적 및 비교 보기배당2.2%현재 배당 수익률-44%배당 성향SHD는 안정적으로 배당을 지급합니까?SHD 배당 기록 및 벤치마크 보기다가오는 배당을 받으려면 언제까지 SHD를 매수해야 하나요?Shiseido Company 배당 일정배당락일Jun 29 2026배당 지급일Sep 04 2026배당락일까지 남은 일수31 days배당 지급일까지 남은 일수98 daysSHD는 안정적으로 배당을 지급합니까?SHD 배당 기록 및 벤치마크 보기View Valuation기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/28 21:47종가2026/05/27 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Shiseido Company, Limited는 29명의 분석가가 다루고 있습니다. 이 중 15명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mitsuko MiyasakoBarclaysMelinda HuBernsteinAshley WallaceBofA Global Research26명의 분석가 더 보기
Board Change • May 21High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Andy House was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Mar 27Shiseido Company, Limited Announces Directorate AppointmentsShiseido Company, Limited, at the AGM held on March 25, 2026 approved appointment of Mr. Hitoshi Okamoto, Mr. Andrew House, Ms. Keiko Kaneko and Mr. Takuya Nakata as Directors and assumed their offices.
공시 • Feb 11+ 1 more updateShiseido Company, Limited Provides Earnings Guidance for the Year Ending December 31, 2026Shiseido Company, Limited provided earnings guidance for the year ending December 31, 2026. For the year, the company expects net sales of ¥990,000 million, operating profit of ¥59,000 million, profit attributable to owners of parent of ¥42,000 million or ¥105.12 per basic share.
공시 • Feb 10Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026.
공시 • Dec 03+ 3 more updatesShiseido Company, Limited to Report Fiscal Year 2025 Results on Feb 10, 2026Shiseido Company, Limited announced that they will report fiscal year 2025 results on Feb 10, 2026
공시 • Nov 11+ 2 more updatesShiseido Company, Limited Reports Impairment Loss on Goodwill for the Third Quarter of 2025Shiseido Company, Limited reported impairment loss on goodwill for the third quarter 2025. The Company thus decided to recognize a goodwill impairment loss of ¥46.8 billion in its consolidated financial results for the third quarter of fiscal 2025.
Board Change • May 21High number of new directorsThere are 9 new directors who have joined the board in the last 3 years. Independent Director Andy House was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Mar 27Shiseido Company, Limited Announces Directorate AppointmentsShiseido Company, Limited, at the AGM held on March 25, 2026 approved appointment of Mr. Hitoshi Okamoto, Mr. Andrew House, Ms. Keiko Kaneko and Mr. Takuya Nakata as Directors and assumed their offices.
공시 • Feb 11+ 1 more updateShiseido Company, Limited Provides Earnings Guidance for the Year Ending December 31, 2026Shiseido Company, Limited provided earnings guidance for the year ending December 31, 2026. For the year, the company expects net sales of ¥990,000 million, operating profit of ¥59,000 million, profit attributable to owners of parent of ¥42,000 million or ¥105.12 per basic share.
공시 • Feb 10Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026Shiseido Company, Limited, Annual General Meeting, Mar 25, 2026.
공시 • Dec 03+ 3 more updatesShiseido Company, Limited to Report Fiscal Year 2025 Results on Feb 10, 2026Shiseido Company, Limited announced that they will report fiscal year 2025 results on Feb 10, 2026
공시 • Nov 11+ 2 more updatesShiseido Company, Limited Reports Impairment Loss on Goodwill for the Third Quarter of 2025Shiseido Company, Limited reported impairment loss on goodwill for the third quarter 2025. The Company thus decided to recognize a goodwill impairment loss of ¥46.8 billion in its consolidated financial results for the third quarter of fiscal 2025.
공시 • Nov 10Shiseido Company, Limited Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2025Shiseido Company, Limited revised consolidated earnings guidance for the fiscal year ending December 31, 2025. For the year, the company expects net sales of JPY 965,000 million, operating loss of JPY 42,000 million, loss attributable to owners of parent of JPY 52,000 million and basic loss per share of JPY 130.17 against previous guidance of net sales of JPY 995,000 million, operating profit of JPY 13,500 million, profit attributable to owners of parent of JPY 6,000 million and basic earnings per share of JPY 15.02. Net sales for the fiscal year ending December 31, 2025 are expected to fall short of the previous forecast, primarily reflecting the deceleration of inbound tourism consumption in Japan, a market slowdown in the U.S., as well as continued weakness with Drunk Elephant. The core operating profit is expected to remain in line with the previous forecast. While there may be an impact of certain factors including a decline in gross profit due to lower sales and the U.S. tariff policy, these will likely be largely offset by the benefits of company-wide structural reforms and cost management. The operating profit, profit before tax and profit attributable to owners of parent are expected to fall short of the previous forecasts as the Company has recognized a goodwill impairment loss of ¥46.8 billion. The operating profit, profit before tax and profit attributable to owners of parent are expected to fall short of the previous forecasts as the Company has recognized a goodwill impairment loss of ¥46.8 billion in the third quarter of the year, in light of the results of an impairment test conducted due to the declined profitability in the Americas Business.
Board Change • Aug 18High number of new directorsThere are 8 new directors who have joined the board in the last 3 years. CFO, Corp. Exe. Off., Chief Investor Engagement Officer and Chief DE&I Officer and Director Ayako Hirofuji was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Apr 16Shiseido Company, Limited Announces Executive ChangesShiseido Company, Limited announced that Ron Gee has resigned as Americas Region CEO as of April 14, 2025. To support this leadership transition, Alberto Noe has been appointed interim CEO of the Americas Region as of April 15, 2025 in addition to his current responsibilities as EMEA Region CEO.
공시 • Mar 27+ 1 more updateShiseido Company, Limited Approves Year-End Dividend for the Fiscal Year Ended December 31, 2024, Payable on March 27, 2025Shiseido Company, Limited approved year-end dividend of JPY 10.00 per share for the fiscal year ended December 31, 2024, payable on March 27, 2025. The total amount thereof is JPY 3,994,231,370.
공시 • Feb 10+ 2 more updatesShiseido Company, Limited Announces Year-End Dividend for the Year Ended December 31, 2024, Payable on March 27, 2025; Provides Second Quarter-End Dividend Guidance of Fiscal Year Ending December 31, 2025Shiseido Company, Limited announced year-end dividend of JPY 10.00 per share for the year ended December 31, 2024 against JPY 30.00 per share a year ago. Start of cash dividend payments: March 27, 2025 (plan). The company provided second quarter-end dividend guidance of fiscal year ending December 31, 2025. For the second quarter-end, the company expects to pay dividend of JPY 20.00 per share against JPY 30.00 per share a year ago.
공시 • Dec 03+ 4 more updatesShiseido Company, Limited to Report Q3, 2025 Results on Oct 10, 2025Shiseido Company, Limited announced that they will report Q3, 2025 results on Oct 10, 2025
Reported Earnings • Nov 10Third quarter 2024 earnings released: EPS: JP¥1.85 (vs JP¥21.93 in 3Q 2023)Third quarter 2024 results: EPS: JP¥1.85 (down from JP¥21.93 in 3Q 2023). Revenue: JP¥214.2b (down 6.1% from 3Q 2023). Net income: JP¥739.0m (down 92% from 3Q 2023). Profit margin: 0.3% (down from 3.8% in 3Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 32% per year, which means it has not declined as severely as earnings.
공시 • Nov 07Shiseido Company, Limited Provides Earnings Guidance for the Year Ending December 31, 2024Shiseido Company, Limited provided earnings guidance for the year ending December 31, 2024. For the year the company expects net sales of ¥999,000 million, operating profit of ¥5,000 million, profit attributable to owners of parent of ¥6,000 million or ¥15.01 basic per share.
Buy Or Sell Opportunity • Oct 24Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to €20.01. The fair value is estimated to be €25.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.9% per annum. Earnings are also forecast to grow by 36% per annum over the same time period.
공시 • Sep 26Shiseido Company, Limited Announces Management ChangesShiseido Company, Limited announced changes in executive officers, effective January 1, 2025: Name: Echo Lo; Current Title: SHISEIDO Global Brand Unit Deputy Chief Brand Officer; New Title: Chief Brand Officer - brand SHISEIDO. Retiring Executive Officers (as of December 31, 2024): Masahiko Uotani, Chairman; Kenichi Saito, Chief Quality Officer. Executive Officers (as of January 1, 2025): Yoshiaki Okabe: Current Title: Executive Vice President Chief Marketing & Innovation Officer Chief Brand Officer - brand SHISEIDO; New Title: Chief Marketing & Innovation Officer. Norio Tadakawa: Current Title: Senior Executive Officer Chief Strategic Business Development Officer; New Title: Chief Business Transformation Officer, Chief Corporate Communication Officer, Chief Quality Officer. Mizuki Hashimoto: Current Title: Chief Brand Officer - Clé de Peau Beauté; New Title: Chief Brand Officer - Clé de Peau Beauté, THE GINZA, BAUM. Yuko Kato: Current Title: Chief Corporate Governance Officer; New Title: Chief Corporate Governance Officer, Corporate Secretary.
Buy Or Sell Opportunity • Sep 10Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 32% to €20.00. The fair value is estimated to be €25.25, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 4.8% per annum. Earnings are also forecast to grow by 36% per annum over the same time period.
Buy Or Sell Opportunity • Aug 22Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 30% to €20.51. The fair value is estimated to be €26.29, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 35% per annum over the same time period.
Reported Earnings • Aug 11Second quarter 2024 earnings released: EPS: JP¥0.019 (vs JP¥7.69 in 2Q 2023)Second quarter 2024 results: EPS: JP¥0.019 (down from JP¥7.69 in 2Q 2023). Revenue: JP¥254.3b (flat on 2Q 2023). Net income: JP¥7.50m (down 100% from 2Q 2023). Profit margin: 0% (down from 1.2% in 2Q 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 29% per year, which means it is performing significantly worse than earnings.
New Risk • Aug 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (245% payout ratio). Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin).
Declared Dividend • Aug 09Dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 125%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is not covered by earnings (245% earnings payout ratio). However, it is covered by cash flows (73% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 172% to bring the payout ratio under control. EPS is expected to grow by 140% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
공시 • Aug 08Shiseido Company, Limited (TSE:4911) announces an Equity Buyback for 300,000 shares, representing 0.08% for ¥1,800 million.Shiseido Company, Limited (TSE:4911) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 0.08% of its issued share capital for a total purchase price of ¥1,800 million. The purpose of the program is to allocate to performance-linked stock compensation. The program will expire on August 30, 2024. As of June 30, 2024, the company had 399,711,046 issued shares (excluding treasury stock) and 288,954 treasury shares.
공시 • Aug 07Shiseido Company, Limited Announces Dividend for the Second Quarter Ended June 30, 2024, Payable on September 5, 2024Shiseido Company, Limited announced dividend of JPY 30.00 per share for the second quarter ended June 30, 2024 against JPY 30.00 per share paid a year ago. Start of cash dividend payments: September 5, 2024 (plan).
Buy Or Sell Opportunity • Jul 30Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 15% to €28.48. The fair value is estimated to be €23.59, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 34% per annum over the same time period.
공시 • Jul 30+ 1 more updateShiseido Company, Limited Announces CEO Changes, Effective January 1, 2025Shiseido Company, Limited at its board meeting held on July 30, 2024, announced that, Masahiko Uotani will be retiring from CEO as of December 31, 2024 upon completion of his tenure as previously announced, and Kentaro Fujiwara will be appointed as CEO, Effective January 1, 2025.
Buy Or Sell Opportunity • Jul 05Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 7.1% to €26.79. The fair value is estimated to be €22.12, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 5.6% per annum. Earnings are also forecast to grow by 33% per annum over the same time period.
공시 • Jun 22CVC Capital Partners Asia V L.P. managed by CVC Capital Partners Limited agreed to acquire an additional 20.09% stake in FineToday Holdings Co., Ltd. from Shiseido Company, Limited (TSE:4911).CVC Capital Partners Asia V L.P. managed by CVC Capital Partners Limited agreed to acquire an additional 20.09% stake in FineToday Holdings Co., Ltd. from Shiseido Company, Limited (TSE:4911) on June 20, 2024. Upon completion, CVC Capital Partners Limited will own 85.09% stake in FineToday Holdings Co., Ltd. The expected completion of the transaction is June 30, 2024.
Reported Earnings • May 13First quarter 2024 earnings released: JP¥8.22 loss per share (vs JP¥21.72 profit in 1Q 2023)First quarter 2024 results: JP¥8.22 loss per share (down from JP¥21.72 profit in 1Q 2023). Revenue: JP¥249.5b (up 3.9% from 1Q 2023). Net loss: JP¥3.29b (down 138% from profit in 1Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings.
Declared Dividend • Apr 11Final dividend of JP¥30.00 announcedShareholders will receive a dividend of JP¥30.00. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 125%, which is higher than the industry average of 1.9%. Sustainability & Growth Dividend is covered by both earnings (86% earnings payout ratio) and cash flows (72% cash payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 108% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Apr 01High number of new and inexperienced directorsThere are 9 new directors who have joined the board in the last 3 years. The company's board is composed of: 9 new directors. 1 experienced director. 2 highly experienced directors. Chairman, CEO & Executive Corporate Officer Masahiko Uotani is the most experienced director on the board, commencing their role in 2014. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors.
Reported Earnings • Mar 30Full year 2023 earnings released: EPS: JP¥54.43 (vs JP¥85.60 in FY 2022)Full year 2023 results: EPS: JP¥54.43 (down from JP¥85.60 in FY 2022). Revenue: JP¥973.0b (down 8.8% from FY 2022). Net income: JP¥21.7b (down 36% from FY 2022). Profit margin: 2.2% (down from 3.2% in FY 2022). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings.
공시 • Mar 27+ 1 more updateShiseido Company, Limited Approves Director AppointmentsShiseido Company, Limited at its AGM held on March 26, 2024, announced that Ms. Hiromi Anno, Mr. Takeshi Yoshida, Mr. Hiroshi Ozu, Ms. Yasuko Gotoh and Ms. Ritsuko Nonomiya were newly elected as Directors and assumed their offices respectively. Mr. Hiroshi Ozu, Ms. Yasuko Gotoh and Ms. Ritsuko Nonomiya are External Directors as provided in Article 2, item (xv) of the Companies Act. Directors Ms. Hiromi Anno and Ms. Takeshi Yoshida were appointed as full-time members of Audit Committee at a meeting of Audit Committee held after the close of this general meeting of shareholders and assumed their offices respectively.
공시 • Feb 28Shiseido Company, Limited Announces Regional Leadership Changes, Effective from March 1, 2024Shiseido Company, Limited has announced that it will implement changes among the regional leadership of the Shiseido Group, effective March 1, 2024. The company to appoint Franck Marilly as EMEA Region Chairman from a current role EMEA Region CEO and Alberto Noe EMEA Region CEO from a current role EMEA Deputy Region CEO.
Reported Earnings • Feb 11Full year 2023 earnings released: EPS: JP¥54.43 (vs JP¥85.60 in FY 2022)Full year 2023 results: EPS: JP¥54.43 (down from JP¥85.60 in FY 2022). Revenue: JP¥973.0b (down 8.8% from FY 2022). Net income: JP¥21.7b (down 36% from FY 2022). Profit margin: 2.2% (down from 3.2% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 5.4% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings.
공시 • Feb 09+ 6 more updatesShiseido Company, Limited, Annual General Meeting, Mar 26, 2024Shiseido Company, Limited, Annual General Meeting, Mar 26, 2024.
Board Change • Jan 31High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent Outside Director Yoshihiko Hatanaka was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
공시 • Dec 22Shiseido Company, Limited Announces Management RetirementsShiseido Company, Limited announced retirement of Yukari Suzuki as director, Norio Tadakawa as Director, Senior Executive Officer and Takayuki Yokota as Director, Executive Officer as of January 1, 2024.
공시 • Dec 05Shiseido Company, Limited to Report Fiscal Year 2023 Results on Feb 09, 2024Shiseido Company, Limited announced that they will report fiscal year 2023 results on Feb 09, 2024
공시 • Nov 10+ 2 more updatesShiseido Company, Limited Announces Changes Among the Executive Officers, Effective January 1, 2024Shiseido Company, Limited has announced that it will implement changes among the Executive Officers, effective January 1, 2024. New Appointments: Ayako Hirofuji: Chief Investor Engagement Officer Chief DE&I Officer, Tomoko Ikeda: Chief Brand & Product Innovation Officer, Yuko Kato: Chief Corporate Governance Officer, Chiaki Tomita: Chief Brand Officer, Global Premium Brands, Assistant Chief DE&I Officer, Shinji Wada: Chief People Officer. Retirement: Yukari Suzuki Senior Executive Officer, Chief D&I Officer. Naomi Yamamoto: Chief Creative Officer. Executive Officers: Kentaro Fujiwara, new title: President and COO Japan Region Chief Executive Officer, current title: President and COO. Yoshiaki Okabe, new title: President and COO Japan Region Chief Executive Officer, current title: President and COO. Kentaro Fujiwara, new title: Executive Vice President Chief Marketing & Innovation Officer, Chief Brand Officer, brand SHISEIDO, current title: Executive Vice President, Chief Marketing & Innovation Officer, Chief Brand Innovation Officer, Chief Brand Officer, brand SHISEIDO. Norio Tadakawa: new title: Senior Executive Officer Chief Strategic Business Development Officer, current title: Senior Executive Officer, Japan Region Chief Executive Officer. Ayako Hirofuji, new title: Chief Investor Engagement Officer, Chief DE&I Officer, current title: Vice President, Investor Relations Department. Tomoko Ikeda: current title: Chief Brand & Product Innovation Officer, new title: Director, Global/SJ Brands Sun Care, Makeup, Fragrance Product Development Department, Brand Value R&D Institute. Yuko Kato, new title: Chief Corporate Governance Officer, current title: Vice President, Legal and Governance Department. Chiaki Tomita, new title: Chief Brand Officer, Global Premium Brands, Assistant Chief DE&I Officer, new title: Senior Vice President, Global, Premium Brand Unit. There is no change in title for other executives.
공시 • Nov 02Shiseido Company, Limited Announces Integration of Osaka FactoriesShiseido Company, Limited has decided to integrate its Osaka Factory, a manufacturing base for mainly prestige skincare products, into the Osaka Ibaraki Factory, which is expected to be completed in the first half of 2026. After the completion of this integration, the Osaka Factory will cease its production activities. Factory Name: Shiseido Osaka Factory. Target Date of Completion: To be completed in the first half of 2026.
공시 • Oct 31Shiseido Company, Limited to Report Q3, 2023 Results on Nov 10, 2023Shiseido Company, Limited announced that they will report Q3, 2023 results on Nov 10, 2023
New Risk • Aug 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.8% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.8% net profit margin).
Reported Earnings • Aug 09Second quarter 2023 earnings released: EPS: JP¥7.69 (vs JP¥29.65 in 2Q 2022)Second quarter 2023 results: EPS: JP¥7.69 (down from JP¥29.65 in 2Q 2022). Revenue: JP¥254.2b (down 2.0% from 2Q 2022). Net income: JP¥3.07b (down 74% from 2Q 2022). Profit margin: 1.2% (down from 4.6% in 2Q 2022). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
공시 • Aug 09+ 3 more updatesShiseido Company, Limited Provides Dividend Guidance for the Fiscal Year Ending December 31, 2023Shiseido Company, Limited provided dividend guidance for the fiscal year ending December 31, 2023. For the year, the company expects to pay dividend of JPY 30.00 per share against JPY 75.00 per share paid a year ago.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥30.00 per share at 0.9% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 52% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (1.9%).
Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥21.72 (vs JP¥11.01 in 1Q 2022)First quarter 2023 results: EPS: JP¥21.72 (up from JP¥11.01 in 1Q 2022). Revenue: JP¥240.0b (up 2.6% from 1Q 2022). Net income: JP¥8.68b (up 97% from 1Q 2022). Profit margin: 3.6% (up from 1.9% in 1Q 2022). Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 56% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
공시 • May 13+ 2 more updatesShiseido Company, Limited Provides Earnings Guidance for the Fiscal Year Ending December 31, 2023Shiseido Company, Limited provided earnings guidance for the Fiscal Year Ending December 31, 2023. For the yperiod, the company expects net sales of JPY 1,000,000 million, core operating profit of JPY 60,000 million and profit attributable to owners of parent of JPY 28,000 million or JPY 70.08 per basic share.
Board Change • Apr 14High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Independent External Director Yoshihiko Hatanaka was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Mar 28Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥1.07t (up 3.1% from FY 2021). Net income: JP¥34.2b (down 19% from FY 2021). Profit margin: 3.2% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Reported Earnings • Feb 13Full year 2022 earnings released: EPS: JP¥85.60 (vs JP¥106 in FY 2021)Full year 2022 results: EPS: JP¥85.60 (down from JP¥106 in FY 2021). Revenue: JP¥1.07t (up 3.1% from FY 2021). Net income: JP¥34.2b (down 19% from FY 2021). Profit margin: 3.2% (down from 4.1% in FY 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
공시 • Feb 07+ 2 more updatesShiseido Company, Limited Provides Commemorative Dividend Guidance for the Year Ending December 31, 2022Shiseido Company, Limited provided commemorative dividend guidance for the year ending December 31, 2022. The company expects to pay commemorative dividend of JPY 50.00 per share for the year ending December 31, 2022 for the 150th anniversary of its founding.
공시 • Jan 30Shiseido Company, Limited Announces Resignation of Koichi Noda Retiring as Executive Officer and Chief People Officer, Effective January 31, 2023Shiseido Company, Limited announced that it will implement a personnel transfer as effective January 31, 2023. Koichi Noda retiring as Executive Officer and Chief People Officer.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥75.00 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 0.9%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (2.1%).
공시 • Dec 11Shiseido Company, Limited to Report Fiscal Year 2022 Results on Feb 10, 2023Shiseido Company, Limited announced that they will report fiscal year 2022 results on Feb 10, 2023
Board Change • Nov 16High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. External Independent Director Charles Ditmars Lake was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 12Third quarter 2022 earnings released: EPS: JP¥32.04 (vs JP¥135 in 3Q 2021)Third quarter 2022 results: EPS: JP¥32.04 (down from JP¥135 in 3Q 2021). Revenue: JP¥269.3b (up 13% from 3Q 2021). Net income: JP¥12.8b (down 76% from 3Q 2021). Profit margin: 4.8% (down from 23% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Personal Products industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings.
Reported Earnings • Aug 12Second quarter 2022 earnings released: EPS: JP¥29.65 (vs JP¥39.43 loss in 2Q 2021)Second quarter 2022 results: EPS: JP¥29.65 (up from JP¥39.43 loss in 2Q 2021). Revenue: JP¥259.4b (down 1.6% from 2Q 2021). Net income: JP¥11.8b (up JP¥27.6b from 2Q 2021). Profit margin: 4.6% (up from net loss in 2Q 2021). Over the next year, revenue is forecast to grow 3.8%, compared to a 8.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has fallen by 17% per year, which means it is performing significantly worse than earnings.
