ShiseidoShiseido Company, Limited4911東証プライム化学FY ending Dec 2025, consolidated, IFRS

Which Shiseido businesses make the profit?

Revenue by business segment, and the profit each one keeps.

Revenue by geography

Geographic revenue reported in annual filings

No geographic revenue breakdown was disclosed.

※ Segment figures include inter-segment sales and do not sum to the company total

Revenue and profit mix

FY ending Dec 2025

Revenue mix

Profit mix (profitable segments)

China and travel retail business accounts for 35% of revenue and 57% of profit.

  • China and travel retail business
    Revenue 35.3%Profit 57.3%Difference +22.1 ptMargin 18.9%Cosmetics
  • Japan business
    Revenue 30.4%Profit 34.6%Difference +4.2 ptMargin 13.2%Cosmetics
  • Asia pacific business
    Revenue 7.6%Profit 4.5%Difference -3.0 ptMargin 6.9%Cosmetics
  • EMEA business
    Revenue 14.5%Profit 3.5%Difference -11.0 ptMargin 2.8%Cosmetics
  • Americas business
    Revenue 11.0%Margin -10.9%Cosmetics
  • Other
    Revenue 1.2%Margin -11.0%

Loss-making segments (excluded from profit bar)

Americas business: -¥11.6B

Other: -¥1.26B

Calculated from disclosed figures; listed by margin. Difference = profit share − revenue share (percentage points). Segment revenues may include inter-segment sales and may not sum to company revenue.

Business growth × margin

X-axis: segment revenue CAGR. Y-axis: latest operating margin. Bubble size: revenue.

Bubble size represents latest revenue. Segments without a CAGR are placed at the left edge; their horizontal position is not a growth value. Color indicates positive or negative margin.

Segment history (JPY millions)

SegmentRevenue CAGRFY ending Dec 2021FY ending Dec 2022FY ending Dec 2023FY ending Dec 2024FY ending Dec 2025
Japan business—276,1733.5%————
Japan business+3.4%4y258,8372.5%237,565-5.5%259,9000.5%294,2728.8%295,34313.2%
China business—274,7210.4%————
China business—274,7211.5%258,226-1.5%247,9212.8%249,9524.9%—
Asia pacific business—65,0035.7%————
Asia pacific business+3.6%4y63,5977.9%68,0176.9%67,2837.5%71,6506.8%73,2906.9%
Americas business—121,369-10.9%————
Americas business-3.2%4y121,3691.3%137,9165.6%110,29410.2%118,547-7.8%106,584-10.9%
EMEA business—117,0402.1%————
EMEA business+4.8%4y117,0162.3%128,4405.4%116,9492.9%132,6652.0%141,1292.8%
Travel retail business—120,46018.2%————
Travel retail business—120,56218.9%163,65023.0%132,52512.9%107,8344.6%—
Other-26.3%4y38,57936.6%73,5389.6%38,163-59.8%15,663-7.2%11,399-11.0%
Professional business—15,8664.8%————
Professional business—15,2824.7%9,3378.0%———
China and travel retail businessN/A———357,78620.1%342,24418.9%

Top: revenue. Bottom: operating margin.

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第126期(2025/01/01-2025/12/31)

    ID S100XSCU2026-03-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第125期(2024/01/01-2024/12/31)

    ID S100VFVQ2025-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第124期(2023/01/01-2023/12/31)

    ID S100T45G2024-03-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第123期(2022/01/01-2022/12/31)

    ID S100QFTK2023-03-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第122期(令和3年1月1日-令和3年12月31日)

    ID S100NQ142022-03-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第121期(令和2年1月1日-令和2年12月31日)

    ID S100L0PD2021-03-25Open

Extracted from XBRL: 44 / Derived from other figures: 1

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