Nippon Shikizai cuts full-year earnings forecast amid demand slowdown

Nippon Shikizai Kogyo Co., Ltd. (TSE:4920) has revised its consolidated earnings forecast for the fiscal year ending February 2025, citing a deceleration in the recovery of cosmetics demand, particularly in the third and fourth quarters. The company now expects consolidated sales of JPY 17,632 million, down from the previous forecast of JPY 17,821 million, with operating profit decreasing to JPY 489 million from JPY 593 million. Net income attributable to shareholders is now projected at JPY 216 million, a reduction from the prior estimate of JPY 230 million. This corresponds to a revised earnings per share forecast of JPY 103.21. The revision reflects slower-than-expected performance at Nippon Shikizai France S.A.S., as well as foreign exchange losses. The company also revised its non-consolidated figures, expecting JPY 12,442 million in sales and a net income of JPY 190 million (EPS 91.10).