Chinese buyers buoy Shiseido sales
By Wang Zhuoqiong | China Daily | Updated: 2016-02-17 08:20
One of Japan's leading personal care companies has reported strong demand for its products from Chinese visitors to the country, despite weaker growth in the Chinese market itself.
The latest figures from Shiseido Co Ltd revealed its 2015 annual sales rose 12.6 percent to 763.1 billion yen ($6.7 billion). Analysts said that the increase was helped significantly by Chinese tourist sales.
The group's operating income rose 77.4 percent to 37.7 billion yen, but its China business grew by just 2 percent.
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