SHISEIDO's stock price of Japanese cosmetics manufacturers fell sharply. The company had previously lowered the revenue guidance of 2023, partly due to its deterioration in China.
According to the Dow Jones News Agency, before the market on Monday (November 13), Shiseido's stock price fell 14%to 4191 yen (the same below, about 37.58 S $ 3).
As of 2:10 pm Tokyo time, Shiseido's stock price has fallen further to 4185 yen.
Shiseido said on Friday (November 10) that it is expected that the net profit of this year will drop by 47%to 18 billion yen, which is lower than the previous expected 28 billion yen; the income will fall by 8.2 8.2%To 980 billion yen, lower than the previous expected 1 trillion yen.
Shiseido said that due to retailers clean up inventory, its business in China and duty -free shops has been weak.The company also said that China's economic prosperity deteriorated, and after the discharge of wastewater in the Fukushima first nuclear power plant in Japan at the end of August, Chinese consumers reduced their purchase of Japanese products.
In the nine months of September, Shiseido's net profit decreased by 29%year -on -year to 20.52 billion yen, and the revenue fell 5.3%to 722.42 billion yen.
