Japanese Cosmetics Industry: 2Q21 Statistics Update
Cosmetics exports grew 32.8% YoY and 15% QoQ in 2Q21 to more than offset the weaknesses in the domestic cosmetics market which remained 26% and 31%...
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POLA Launched on Hainan Island: Valuation Could Expand As China Becomes POLA’s Center of Attention
As the China growth story becomes Pola Orbis’ center of attention, we think the stock’s current bull run could continue despite peak valuation...
412 Views
China’s Three Child Policy Beneficiaries Part 2 Kao Corporation: Finally Off The Leash?
While cosmetics is on the path to a steady recovery, the hopes of returning revenue growth in Merries Diapers could help Kao to break the current...
251 Views
Shiseido's 1Q21 Results Beat Consensus But Try to Play Safe With Conservative 2021 Guidance
There is a margin story at play in the Japanese cosmetics sector through moving to an online-focused business model and Shiseido remains our number...
366 Views
FANCL: Conservative Guidance Could Form an Opening on The Long Side
With 3.7% YoY projected revenue and OP growth in FY22, FANCL’s guidance is quite disappointing. However, it seems like FANCL could be playing safe...
290 Views