2023 First Half Results (January-June)

from the beginning

2023 First Half Results (January-June)

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• 2023 1H Key Headlines

• 2023 1H (January-June): Executive Summary

• Global Brands SHISEIDO, Cle de Peau Beaute, NARS and Drunk Elephant Grew Strongly, Driving Overall Growth

• Net Sales YoY: Achieved Strong Double-digit Growth in Q2 Recovering Decline in Travel Retail

• Japan: Steady Recovery in Mid-to-High Price Range,Gained Market Share in Q2

• China: Both Online and Offline Sales Grew, Market Share Increased

• Americas, EMEA, Asia Pacific Achieved Strong Growth Recovering Weak TR

• COGS Ratio : Reduced Significantly from Termination of MSA after Kuki Factory Transfer COGS LfL Ratio : Improved ca. 2pts YoY, due to Productivity Improvement, etc.

• 2023 1H Core Operating Profit by Reportable Segment

• Japan: Expand Loyal User Base through Aggressive Marketing Enhancement

• China: Further Growth Acceleration

• 1H Evaluation and Current Market Environment

Japan’s Transformation Leaping for a Brighter Future

• Medium-Term Strategy SHIFT 2025 and Beyond(1)

• Medium-Term Strategy SHIFT 2025 and Beyond(2)

• Japan Business Observation in the Six Months as COO

• Addressing the P&L Issues - Facing the Hard Reality

• My Commitment

• Three Pillars of Reform

• Business Structure Transformation for Profitable Growth

• Transformation of Business Structure for Profitable Growth

• Fixed Costs Reduction - BOLD & SIMPLE Transformation

• Corporate Culture Reform

• Strengthening the Executive Team for Reform

• Be a Global Winner with Our Heritage

Q&A

• Q&A 1

• Q&A 2

• Q&A 3

• Q&A 4

• Q&A 5

• Q&A 6

• Q&A 7

• Q&A 8

• Q&A 9

• Q&A 10

• Q&A 11

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