Shiseido Co Ltd

4911: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Shiseido Earnings: Margin Recovery on Track as Restructuring Pays Off; Outlook Remains Cautious

Lorraine Tan , Nicole Lim

Aug 6, 2026

Shiseido's first-half revenue increased 6% year on year to JPY 499 billion, while core operating profit rose 90% to JPY 44.4 billion. Management maintained its full-year guidance of JPY 990 billion in net sales and JPY 69 billion in core operating profit.

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Shiseido Co Ltd

Shiseido Earnings: Margin Recovery on Track as Restructuring Pays Off; Outlook Remains Cautious

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