Note 1: Values are rounded up or down to the nearest digit.
Note 2: Forecasts are the figures released in Aug. 2017.
Note 3: The year ended December 2015 are based on the nine-month period (April-December) for the Company and subsidiaries with March 31 fiscal year-ends, and the 12-month period (January-December) for subsidiaries with December 31 fiscal year-ends, due to a change in fiscal year period.
Note 4: FY2015 is an irregular fiscal year. Excludes effect of change in fiscal year, FY2014 and FY2015 have been adjusted accordingly.
FY2015(Adjusted) Domestic: Jan.-Dec. 2015, Overseas: Jan.-Dec. 2015
|Highlights for the Year Ended December 2016
- Consolidated net sales climbed 5.2% compared with the corresponding period of the previous fiscal year on a local currency basis. Together with growth mainly in the prestige categories of each region, this increase in consolidated net sales was largely attributable to additional sales from the acquisition of new brands. Movements in foreign currency exchange rates and most notably appreciation of the yen had a major impact, with consolidated net sales coming to \850.3 billion, 1.5% lower than the level recorded for the corresponding period of the previous fiscal year.
- Operating income declined 17.0% year on year, to \36.8 billion. Despite the positive contributions from higher margins in line with the increase in net sales, improvements in the product mix through increased sales of prestige brands and the effects of cost structural reforms, this downturn in operating income was mainly due to the one-time costs incurred following the acquisition of new brands and execution of license agreements, structural reform costs associated with Bare Escentuals, Inc. in the U.S. and the greater than expected impact of the strong yen.
- Net income attributable to owners of parent climbed 9.0% compared with the corresponding period of the previous fiscal year, to \32.1 billion. This largely reflected the gain on sale of intellectual property rights in connection with the Jean Paul GAULTIER fragrance business as well as the gain on sale of land at the former Kamakura Factory recorded as extraordinary gains.
- For the fiscal year under review, the consolidated operating margin was 4.3%. Consolidated ROE was 8.2%.
Operating Income / Operating Profitability
Net Income Attributable to Owners of Parent/ Net Earnings per Share
Net Assets / ROE
Interest-bearing Debt / Interest-bearing Debt Ratio