Kose: At a New EV/OP Peak
On the back of the optimism over revenue growth from the Chinese cosmetics market, Japanese cosmetics companies with significant exposure to the...
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Shiseido: Lowballing 2021 Guidance
Previously, we questioned whether Shiseido is playing safe or departing from cost discipline as we felt that that the 4Q20 OP estimate was too low...
275 Views
Kose: China and E-Commerce Propels Kose’s Performance Towards the Pre-Pandemic Level
Even though there are indications that Kose could be relaxing cost controls, an implied 4QFY21 OPM of 2.5% seem conservative making an OP beat a...
231 Views
FANCL: Lowers FY21 Guidance Amidst Rising COVID Cases, Still Outperforming Peers
Fancl delivered 3QFY21 results today, which saw operating profit increase by 6.5% YoY to ¥3.8bn (consensus ¥3.97bn). The company’s revenue was down...
329 Views
Shiseido’s 2023 Transformation Plan Kicks Into Gear With The Proposed Sale of The Personal-Care Unit
Shiseido could generate over ¥100bn through the proposed sale of the personal care business unit and the company could use that cash proceeds to...
236 Views