The Figures for this Financial Statement are prepared in accordance with the accounting principles based on Japanese law. Accordingly, they do not necessarily match the figures in the Annual Report and Facts & Figures issued by our company, which present the same statements in a form that is more familiar to foreign readers through certain reclassifications or summarization of accounts.


Consolidated Settlement of Accounts
for the First Half of Fiscal 2000


Shiseido Company, Ltd.
Listing: Tokyo Stock Exchange, First Section
Code Number: 4911
Head Office: 5-5, Ginza 7-chome, Chuo-ku, Tokyo, Japan

1. Performance for Interim Fiscal 2000 (April 1-September 30, 1999)
*Amounts under one million yen have been rounded down.
*Numbers in parentheses indicate percentage increase/decrease over previous corresponding term.

(1) Results

(Millions of yen, except for per share figures)

Net Sales

Income from
Operations

Ordinary
Income

First Half of Fiscal 2000

307,011 (-0.1%)

23,521 (+34.5%)

24,649 (+29.2%)

First Half of Fiscal 1999

307,296 (-1.0%)

17,494 (-13.3%)

19,085 (-13.0%)

Fiscal 1999

604,294

35,361

33,910


Net Income

Net Income
per Share
(Yen)

Criterion of
Accounting Methods

First Half of Fiscal 2000

9,896 (+284.6%)

23.71

Basis of Consolidated
Financial Statements

First Half of Fiscal 1999

2,573 (-72.6%)

6.08

Fiscal 1999

10,332

24.55

Consolidated
Financial Statements

Note: Gain from investment in subsidiaries and affiliates accounted for by the equity method in interim fiscal 2000 was 43 million yen (68 million yen gain in interim fiscal 1999 and 104 million yen gain in full-year fiscal 1999).

(2) Financial Position

(Millions of yen, except for per share figures)

Total Assets

Shareholders'
Equity

Equity Ratio
(%)

Shareholders'
Equity per Share
(Yen)

First Half of Fiscal 2000

645,843

433,832

67.2%

1,038.91

First Half of Fiscal 1999

617,121

409,150

66.3%

972.06

Fiscal 1999

613,970

408,839

66.6%

979.95

(3) Description of Consolidation and Scope of Application for Equity Method
Number of consolidated subsidiaries: 74
Number of nonconsolidated subsidiaries: 2 (equity method not applied to these companies)
Number of affiliates: 2 (equity method applied to both of these companies)

(4) Changes in Accounting Policies and Other Matters

a.

The scope of consolidation and exclusion is as follows (comparison with fiscal 1999):
Newly consolidated companies: 9
Excluded consolidated companies: 0
Newly included under equity method: 0
Excluded under equity method: 3

b.

Accounting Policies: There have been changes in accounting policies.

2. Projections for Fiscal 2000 (April 1, 1999-March 31, 2000)

(Millions of yen)

Net Sales

Ordinary Income

Net Income

Fiscal 2000

615,000

40,000

15,000

Reference: Projected consolidated net income per share is 35.92 yen.
Projected nonconsolidated net income per share is 35.92 yen.

[ Reference Data ]
Nonconsolidated Interim Results for Fiscal 2000 (April 1-September 30, 1999)

(Millions of yen, except for per share figures)

Net Sales

Income from Operations

Ordinary Income

151,638 (-22.6%)

15,528 (+2.6%)

19,890 (-1.7%)


Net Income

Net Income per Share
(Yen)

Total Assets

Shareholders'
Equity

10,114 (+34.7%)

24.23

522,754

392,259


[ Next ]