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Shiseido Company,Limited ( (JP:4911) ) has provided an update.
Shiseido Company reported a discrepancy between its forecasted and actual financial results for the fiscal year 2024. Despite exceeding previous operating profit forecasts by 51.5% due to strong performance in Japan and global cost management, profit before tax fell short due to a provision associated with a seller note related to a divested business. Consequently, the company has decided to reduce its year-end dividend to ¥10 per share, citing the need for careful consideration of long-term shareholder returns and ongoing structural reforms.
More about Shiseido Company,Limited
Shiseido Company, Limited operates in the cosmetics industry, offering a wide range of beauty products including skincare, makeup, and fragrance. The company is focused on expanding its presence in both domestic and international markets, leveraging its strong brand heritage and commitment to innovation.
YTD Price Performance: -11.39%
Average Trading Volume: 2,889,765
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen986.3B
See more data about 4911 stock on TipRanks’ Stock Analysis page.
