Shiseido Co Ltd Ord (SSDOF) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:04.999 Today, I will first explain the key points of the results for 2024 and the outlook for 00:00:04.999 -- 00:00:06.722 2025, 00:00:06.722 -- 00:00:11.730 and then CFO Firohuji will explain the details of the results, and I will 00:00:11.730 -- 00:00:16.355 then explain the main issues to be addressed in 2025. 00:00:18.381 -- 00:00:20.872 First, page 3. 00:00:20.872 -- 00:00:24.537 Key points of the financial results for 2024. 00:00:24.537 -- 00:00:28.041 Corporating profit for the full year was 36.4 00:00:28.041 -- 00:00:33.108 billion yen compared to the revised forecast of 35 billion yen announced in November 00:00:33.108 -- 00:00:37.594 last year. The fact that we were able to achieve the profit target announced in November 00:00:37.594 -- 00:00:41.960 despite the difficult environment is a result of the efforts of the entire company working 00:00:41.960 -- 00:00:47.703 together. What is particularly noteworthy is the performance in Japan, where we are promoting... 00:00:47.703 -- 00:00:52.985 structural reforms with the aim of achieving over 20 billion yen in 2024. 00:00:52.985 -- 00:00:58.233 and ¥50 billion in 2025. The actual result for this period was ¥28.1 00:00:58.233 -- 00:01:01.457 billion, significantly exceeding the target. 00:01:01.457 -- 00:01:05.844 In Japan and Europe, the virtuous cycle of growth and improved profitability through 00:01:05.844 -- 00:01:09.369 selection and concentration is steadily producing 00:01:09.369 -- 00:01:14.737 results. Going forward, we will expand the structural reform globally, working to improve 00:01:14.737 -- 00:01:19.023 the balance of profits in each region and establish a global earnings base. 00:01:19.023 -- 00:01:23.630 Regarding dividends, which we said in November last year tha...