Thursday, April 26, 2007

UPDATE 1-Shiseido profit jumps on China sales, sees growth

(Reuters) - TOKYO, April 26 - Shiseido Co. Ltd. , Japan's biggest cosmetics maker, reported 29 percent profit growth for the past business year on Thursday on vibrant sales in China, and it forecast double-digit growth this year.

Sluggish sales at home have forced Japanese cosmetics makers to seek growth abroad, particularly in China where Shiseido is investing heavily to expand and rival Kao Corp. , which bought Kanebo Cosmetics last year, is also planning a big push.


Read more at Reuters.com Market News

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