Shiseido Co Ltd Ord (SSDOF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Today, I will first explain the key points of the results for 2024 and the outlook for 2025, and then CFO Firohuji will explain the details of the results, and I will then explain the main issues to be addressed in 2025. First, page 3. Key points of the financial results for 2024. Corporating profit for the full year was 36.4 billion yen compared to the revised forecast of 35 billion yen announced in November last year. The fact that we were able to achieve the profit target announced in November despite the difficult environment is a result of the efforts of the entire company working together. What is particularly noteworthy is the performance in Japan, where we are promoting... structural reforms with the aim of achieving over 20 billion yen in 2024. and ¥50 billion in 2025. The actual result for this period was ¥28.1 billion, significantly exceeding the target. In Japan and Europe, the virtuous cycle of growth and improved profitability through selection and concentration is steadily producing results. Going forward, we will expand the structural reform globally, working to improve the balance of profits in each region and establish a global earnings base. Regarding dividends, which we said in November last year that we would closely monitor and examine the situation after repeated discussion from the perspective of maximizing long-term total shareholder returns, we have decided to reduce the year-end dividend from the planned 30 yen per share to 10 yen per share. The details are explained in the slide later. Consolidated sales, excluding the impact of foreign exchange and business transfers in real terms, increased 4% year-on-year in the fourth quarter and decreased 1% year-on-year for the full year. In Japan and Europe, we continue to see strong growth centered...