×
2 422
Fashion Jobs
AESOP
Retail Consultant | Fixed-Term | Part-Time | Brighton
Permanent · Brighton
PRETTYLITTLETHING
Senior Affiliate Marketing Executive
Permanent · MANCHESTER
BOOHOO
Ecommerce Trading Executive
Permanent · MANCHESTER
ESTEE LAUDER
Clinique - Consultant - Brown Thomas, Dublin - 15 Hours - Part-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager - Harvey Nichols London (37.5 Hours)
Permanent · London
ESTEE LAUDER
Clinique - Consultant - m&s Newcastle - 15 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTEE LAUDER
jo Malone London - Marketing And Consumer Engagement Director
Permanent · London
AESOP
Retail Consultant | Part-Time, Permanent | Aesop Selfridges Exchange Square, Manchester
Permanent · Central
BOOHOO
Print Sales Account Manager
Permanent · MANCHESTER
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Mac Cosmetics - Business Manager - Mac Stratford2, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
By
AFP
Published
Jan 29, 2009
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Japanese cosmetics makers cut forecasts

By
AFP
Published
Jan 29, 2009

TOKYO, Jan 29, 2009 (AFP) - Japanese cosmetics makers Shiseido Co. and Kao Corp. on Thursday cut their earnings forecasts for the year, saying that fewer people were buying beauty products during the recession.



"The environment surrounding the market for consumer goods has become severe. In Japan, consumer sentiment has cooled and the cosmetics market is shrinking," Shiseido said in a statement.

Japan's leading maker of beauty care products predicted net profit of 30 billion yen (333 million dollars) for the year to March, down from a previous projection of 36 billion yen.

The company said its net profit fell 18.7 percent in the first nine months of the financial year to 21.30 billion yen.

However, Shiseido said that while sales of beauty products were struggling in developed nations, the cosmetics market in China continued to grow and demand remains stable in other emerging economies.

Kao, which produces cosmetics as well as hygiene and home care products, also revised its earnings forecast downwards.

It said it expected 60 billion yen in net profit, down from an earlier forecast of 69 billion yen, which would mark a fall of 9.8 percent from the previous year.

Like its rival Shiseido, sales of Kao products remained robust in Asian markets, growing 10 percent from a year earlier.

But Kao sales fell 5.2 percent in the United States. Revenue in Japan and Europe managed to grow but by less than one percent.

Both companies also suffered from a stronger yen, which hit 13-year highs against the dollar and a seven-year high versus the euro in recent weeks as the global downturn prompted a flight to the safety of the currency.

A stronger yen eats into corporate profitability when overseas takings are converted back into the home currency.

Copyright © 2022 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.