TSE:4911Personal Products
Shiseido (TSE:4911) Stock Gains Face A Profit Turn That Still Looks Fragile
Shiseido came into this print with a stock that had quietly added 18.7% over the past month and was roughly flat over three months, even as trailing 12 month earnings remained in loss territory. The headline today is simple: Q2 delivered a sharp step up in quarterly profit, with basic earnings per share at ¥53.37 on revenue of ¥267,007m, against a backdrop of ongoing losses on a trailing basis.
For a market that has been paying up for a turnround story, this quarter is about whether that...