Shiseido Company, Limited Sponsored ADR (SSDOY)
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Shiseido Company, Limited (SSDOY) Q2 2025 Earnings Call Transcript
Shiseido Company, Limited (OTCPK:SSDOY) Q2 2025 Earnings Conference Call August 6, 2025 3:45 AM ET Company Participants Ayako Hirofuji - CFO, Corp. Exe. Off., Chief Investor Engagement Officer and Chief DE&I Officer and Director Yuki Oshima - Corporate Participant IR Department - Corporate Participant Conference Call Participants Akiko Kuwahara - BofA Securities, Research Division Hisae Kawamoto - Unidentified Company Katsuro Hirozumi - Daiwa Securities Co. Ltd.
Shiseido: There's Motivation To Improve Returns With New Performance Indicators (Rating Upgrade)
I'm upgrading Shiseido to Buy, as the company's new compensation scheme aligns the interests of management and minority shareholders. Key brands ELIXIR and ANESSA have untapped potential, which can be realized through pricing adjustments and geographic expansion, respectively. SSDOY is attractively valued at below 1x P/S, which also represents a huge discount to its peer.
Shiseido Company, Limited (SSDOY) Q4 2024 Earnings Call Transcript
Shiseido Company, Limited (OTCPK:SSDOY) Q4 2024 Results Conference Call February 10, 2025 3:30 AM ET Company Participants Kentaro Fujiwara - President and COO Ayako Hirofuji - Chief Financial Officer Conference Call Participants Akiko Kuwahara - JPMorgan Securities Wakako Sato - Morgan Stanley MUFG Securities Mitsuko Miyasako - Mizuho Securities Hisae Kawamoto - Jefferies Katsuro Hirozumi - Daiwa Securities Takashi Miyazaki - Goldman Sachs Kentaro Fujiwara Today, I will first explain the key points of the results for 2024 and the outlook for 2025. And then CFO, Hirofuji, will explain the details of the results, and I will then explain the main issues to be addressed in 2025.
Shiseido: Consider Recent Results Miss And Potential Mid-Term Re-Rating Catalyst
Shiseido's Q3 2024 results missed expectations, as the net sales decline for its travel retail segment worsened from -15% YoY in Q2 2024 to -38% YoY in Q3 2024. A medium-term valuation re-rating catalyst for SSDOY is the potential expansion in its operating margin that could allow it to command a higher multiple closer to that of its peer. I retain a Hold rating for Shiseido, considering the company's near-term financial underperformance and the presence of a potential mid-term catalyst.
Shiseido Company, Limited (SSDOY) Q3 2024 Earnings Call Transcript
Shiseido Company, Limited (OTCPK:SSDOY) Q3 2024 Earnings Conference Call November 7, 2024 3:30 AM ET Company Participants Kentaro Fujiwara - President and COO Ayako Hirofuji - CFO Conference Call Participants Akiko Kuwahara - JPMorgan Securities Oliver Matthew - CLSA Securities Wakako Sato - Morgan Stanley MUFG Securities Shima Yamanaka - SMBC Nikko Katsuro Hirozumi - Daiwa Securities Mitsuko Miyasako - Mizuho Securities Hisae Kawamoto - Jefferies Ayako Hirofuji From here, I would like to explain the third quarter performance for 2024. First please take a look at summary on Page 3.
Shiseido Company, Limited (SSDOY) Q2 2024 Earnings Call Transcript
Shiseido Company, Limited (OTCPK:SSDOY) Q2 2024 Earnings Call Transcript August 7, 2024 4:40 AM ET Company Participants Yuki Oshima - VP, IR Ayako Hirofuji - CFO Kentaro Fujiwara - President and COO Toshinobu Umetsu - CEO, China Region Conference Call Participants Akiko Kuwahara - JPMorgan Securities Wakako Sato - Morgan Stanley MUFG Securities Takashi Miyazaki - Goldman Sachs Mitsuko Miyasako - Mizuho Securities Shima Yamanaka - SMBC Nikko Katsuro Hirozumi - Daiwa Securities Yuki Oshima Investors and analysts, thank you for taking the time to participate in the 2024 Q2 Results Presentation for Shiseido. The disclaimer for today is shown on the screen.
