Shiseido’s Growth Strategy
The global spread of COVID-19 is causing a decline in consumption and changes in consumer purchasing behavior. Business economic activities are stagnating, and the environment differs considerably from our initial expectations. Going forward, business results may fluctuate significantly depending on the viral spread and regulatory measures taken by each country. It is therefore difficult to forecast the timing of recovery and the amount of impact on the Group’s results.
Given such circumstances, the Company has withdrawn its consolidated forecast for FY2020 on May 12, 2020. We will provide a new forecast at the time of the second quarter results announcement (planned for August 6, 2020).
Beauty Has the Power to
Change the World
Masahiko UotaniRepresentative Director,
President and CEO