THE WHAT? Shiseido has reported its results for the first quarter of fiscal 2024. The J-beauty giant said it had made a ‘solid start’ to 2024 amid steady market recovery, with net sales up 3.2 percent like-for-like to ¥249.5 billion although core operating profit dropped 9.6 percent to ¥11.3 billion.
THE DETAILS In terms of brand performance, Drunk Elephant was among the highlights, growing 30 pecrent, while Elixir put on 3 percent, Nars gained 1 percent and the fragrance portfolio saw sales rise 21 percent. Shiseido’s eponymous brand saw net sales decline 5 percent while IPSA’s sales plummeted 22 percent.
THE WHY? Shiseido said that, while Japan delivered robust growth (+20 percent) and Americas (+9 percent) and EMEA (+17 percent) continued momentum, sales declined 3 percent in China as anti-Japanese sentiment continued in the wake of the treated water scandal and travel retail sales continued to dwindle, down 31 percent.
Clinical aesthetics products refer to a category of products used in the field of medical aesthetics or cosmetic dermatology. These products are typically designed and formulated to be used under the supervision of healthcare professionals, such as dermatologists, plastic surgeons, or trained aestheticians. They are distinct from over-the-counter cosmetics in that they often contain active ingredients or formulations that require expertise in their application or administration.
Examples of clinical aesthetics products include:
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Dermal Fillers: Injectable substances used to add volume, smooth wrinkles, and enhance facial contours. Examples include hyaluronic acid fillers like Juvederm and Restylane.
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Botulinum Toxin (Botox): Injectables that temporarily paralyze facial muscles to reduce the appearance of wrinkles caused by repetitive movements, such as frown lines and crow's feet.
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Chemical Peels: Solutions applied to the skin to exfoliate and improve its texture. They can treat acne, pigmentation issues, and signs of aging.
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Laser and Light Therapies: Devices that emit focused light or laser energy to treat various skin conditions, including acne, scars, and signs of aging.
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Prescription Skincare Products: Formulations containing active ingredients like retinoids (vitamin A derivatives), hydroquinone, or prescription-strength antioxidants to address specific skin concerns under medical supervision.
