Consolidated Interim Retained Earnings



(Millions of yen)

First Half of Fiscal
1999
(at September 30, 1998)

First Half of Fiscal
1998
(at September 30, 1997)

Balance at Beginning of the Term

 
Increase in Other Surplus
  Increase in Surplus due to
  Exclusion under Equity Method

 
Reduction of Other Surplus
  Cash Dividends Paid
  Bonuses to Directors and Corporate Auditors
  (Bonuses to Corporate Auditors)
  Decrease due to Increase in Number of
  Consolidated Subsidiaries
  Decrease due to Decrease in Number of
  Consolidated Subsidiaries
  Treasury Stock Retired

 
Interim Net Income

298,090


157

 

157


7,386

2,963

146

(23)

 

365

 

123

3,787


2,573

287,679


-

 

-


4,628

2,575

169

(25)

 

1,883

 

-

-


9,408

Balance at End of the Term

293,435

292,459



Scope of Consolidation

(1) Consolidated subsidiaries: 63
  Principal subsidiaries: Osaka Shiseido Co., Ltd.; Shiseido Kako Co., Ltd.; Shiseido Sales Co., Ltd.; Shiseido Cosmenity Co., Ltd.; Shiseido Fine Toiletry Co., Ltd.
 

(a)

In the interim period under review, the following three companies were newly included in the Company's scope of consolidation.
   

Companies engaged in full-scale business:
    Domestic: InterAct Co., Ltd.
    Overseas: Beauté Prestige International España S.A.
   

Company for which temporary voting rights were converted to long-term voting rights:
      Domestic: Vivache Factory Co., Ltd.
 

(b)

Shiseido International Europe B.V. was liquidated and thus excluded from consolidation.
     
(2) Nonconsolidated subsidiaries: 3 (none applicable under equity method)
  None of the three nonconsolidated subsidiaries are engaged in full-scale business, the total assets of all three would have minimal effect of the Company's consolidated financial statements. As a result, they are excluded from consolidation.
       
(3) Affiliated companies: 6 (including five applicable under equity method, notably Shiseido Thailand Co., Ltd.)
  Of the six affiliated companies, five are applicable under the equity method. The remaining one company is no longer regarded as a going concern, so was excluded from consolidation in the period under review.


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