Masahiko Uotani, Representative Director, President and CEO Takayuki Yokota, Group CFO Norio Tadakawa, Japan Region CEO Kentaro Fujiwara, China Region CEO PLAY LIST from the beginning 2022 First Half Results(January-June)and 2022 Outlook @ 2022 1H Key Headlines 2022 1H (January-June): Executive Summary 2022 1H Net Sales by Brand Net Sales YoY: Americas and Travel Retail Continued Strong, but Japan and China Declined vs. LY Japan: Prestige Steady, but Middle Price Range Market Recovery Continued to Delay China: Online / Offline Affected by Lockdown in April, Gradual Recovery from May Online was Steady Including 6.18 Promotions Americas and Travel Retail were Steady, Asia Pacific Turned to Growth COGS ratio: Improved LfL Thanks to Favorable Product Mix from Business Transfers, despite Cost Increases from New Factories, etc. 2022 1H Cost Structure: Agile Cost Management in line with Sales 2022 1H Core Operating Profit by Reportable Segment: Agile Cost Management Implemented, Americas, EMEA and TR Significantly Increased Cash Flow Management: Continued CAPEX for Future Growth While Maintaining Stable Cash Position 2022 Market Recovery Status: Multiple Market Slowdown Factors - Japan Market Recovery Delay, China Lockdown, Ongoing Ukraine Crisis, etc. 2022 Outlook Revision: 2022 Outlook Revision: Review Sales and Core Operating Profit based on Latest Market Environment and Secure Additional Special Strategic Investments to Ensure Mid-to-Long Term Growth Overcome Headwinds and Secure Medium-to-Long-Term Growth Progress of WIN 2023 Initiatives (Achievements) Progress of WIN 2023 Initiatives (Headwinds) Japan: Market Trend Outlook / Changes in Consumer Behavior Japan: Major Actions for 2022 2H Japan: Integrating Production and Sales of Personal Care Business through Transfer of Kuki Factory and Vietnam Factory Japan: <Medium-Term Growth Strategy> Increase Brand Equity and Enhance Innovation Japan: <Medium-term Growth Strategy> Accelerate High Quality “1-to-1 Marketing” through DX Japan: <Medium-Term Vision> Transition to a Highly Profitable Business Model China: Market Trend Outlook / Changes in Consumer Behavior China: Major Actions for 2022 2H China: Approaches to Enhance Communication to Consumers China: <Medium-Term Vision> Transition to a Highly Profitable Business Model China: Expansion to New Categories Transition to a Highly Profitable Structure To Ensure Mid-to-Long Term Growth without Falling into downward trend Towards 2023 Be a Global Winner with Our Heritage Q&A Q&A 1 Q&A 2 Q&A 3 Q&A 4 Q&A 5 @ Back Next