Fiscal 2026 Q3 Cumulative Results (Jan–Sep) and Full-Year Outlook

Performance Overview

Shiseido Company, Limited achieved revenue of 741.1 hundred million yen for the cumulative Q3 of fiscal 2026, representing real growth of +1% year-over-year. Core operating profit increased substantially to 67.5 hundred million yen (year-over-year +37.4 hundred million yen, including factors that drove an over 124% increase). Core profit margins excluding non-recurring items also improved. The full-year outlook was significantly revised upward to revenue of 990.0 hundred million yen, core operating profit of 87.0 hundred million yen, and profit for the period of 62.0 hundred million yen, with expected acceleration of growth taking foreign exchange effects into account.

Outlook and Implications for Investors

Based on the results of the "Action Plan 2025-2026," the company will continue strengthening brand power and maintaining investment discipline. Regionally, while some slowdown is expected in Japan, growth in Asia Pacific and the Americas will drive overall profitability improvement. Management will emphasize capital efficiency to improve ROIC, ROE, and free cash flow toward the 2030 targets.