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Shiseido Company, Limited (Japanese: 株式会社資生堂, Hepburn: Kabushiki-gaisha Shiseidō, pronounced [ɕiseːꜜdoː]) is a Japanese multinational personal care company, that is a skin care, hair care, cosmetics and fragrance producer. It is one of the oldest cosmetics companies in the world. Founded in 1872, it celebrated its 140th anniversary in 2012.[3][4] It is the largest cosmetic firm in Japan and the fifth largest cosmetics company in the world.[5] Shiseido is only available at cosmetic counters at selected department stores or pharmacists. The company owns numerous brands and subsidiaries worldwide, in addition to its founding label. The company is headquartered in Tokyo, and trades on the Tokyo stock exchange, it is a chief competitor of SK-II.

Shiseido Company, Limited
Native name
株式会社資生堂
Kabushiki-gaisha Shiseidō
Public (K.K.)
Traded asTYO: 4911
ISINJP3351600006
IndustryConsumer goods
Founded1872; 147 years ago (1872)
Headquarters,
Area served
Worldwide
Key people
Masahiko Uotani (President and CEO)[1]
ProductsCosmetics
RevenueIncrease ¥1,094.83 billion (FY2018)[2]
Increase ¥61.403 billion (FY2018)
Number of employees
33,356 (2013)
SubsidiariesBare Escentuals
Beaute Prestige International
NARS Cosmetics
Websiteshiseidogroup.com
Tokyo Ginza Shiseido building
Shiseido Store in Hong Kong
Shiseido Collagen 3 types

Contents

Company HistoryEdit

FoundingEdit

Arinobu Fukuhara, former head pharmacist to the Imperial Japanese Navy, established the Shiseido Pharmacy in 1872. After a visit to the United States and Europe, Arinobu added a soda fountain to the store. This later grew into the Shiseido Parlour restaurant business, and eventually led to the introduction of ice cream in Japan. The name Shiseido derives from a Chinese expression meaning "praise the virtues of the earth which nurtures new life and brings forth significant values".[6][7][8]

In 1917, Shiseido introduced Rainbow Face Powder. This was a face powder with seven colors in a period when white face powders were the norm in Japan.[9] In 1923, the company began expanding its store-base; it now[timeframe?] has approximately 25,000 outlets. A joint-stock company was formed in 1927.[citation needed]

In April 2014, Masahiko Uotani started working as the first CEO of the company.[10]

International expansionEdit

In 1957, Shiseido began sales in Taiwan, closely followed by Singapore and Hong Kong. In 1962, Shiseido expanded to Hawaii; in 1965, it established Shiseido Cosmetics America. European sales began with Italy in 1968 and Oceania with New Zealand in 1971.[11]

In 1985, Shiseido was the first company to produce sodium hyaluronate (hyaluronic acid/hyaluronan) from non-animal origin sources.[12]

Finances and operationsEdit

In the first quarter of 2013, Shiseido made a profit of ¥2.66 billion (US$26.87 million) on sales of ¥162.36bn (US$1.64bn).[13] On 15 July 2013, Shiseido announced it was opening a wholly owned subsidiary in India.[14] On 20 February 2014, Shiseido agreed to sell its Carita and Decléor brands to L’Oréal for €227.5M (US$312.93M). This sale resulted in Shiseido showing profits despite running into losses.[15]

AcquisitionsEdit

On January 18th, 2017 Shiseido acquired digital tech company MatchCo.[16] To supplement MatchCo., Shiseido later acquired Giaran Inc., a data driven company, in November, 2017.[17][18] In January 2018, the company acquired all of the assets of Olivo Laboratories.[19]

Make-upEdit

Shiseido produces a line of cosmetics simply called "The Makeup" that provide a full range of products including: lip products, powder eye shadows, eye liner pencils, mascara, fluid and compact foundations, concealers, and powder blushes. Their hydro powder eye shadows which have a creamy texture are among Allure magazine's top beauty picks.[20]

Shiseido stepped into the world of cosmetics with the introduction of Eudermine in 1897, and established the Cosmetics Division and a store selling cosmetics in 1916. With the birth of new cosmetics, the definition of makeup started to alter in the 1920s. The cosmetics were not used exclusively by women. Men started to use makeup to rebuild their image. Meanwhile, modern beauty methods became a popular beauty topic in advertisements, newspaper columns and magazines in the late 1920s to early 1930s. At that time, cosmetic consumers focused on the selection of the makeup and their uses. The single makeup method of painting the face white was considered outdated. [21]The beauty consumers liked to apply up to seven different colors of face powder including ‘’ white, yellow, flesh, rose, peony, green and purple’’ to match their skin tone.[22] In order to explore more potential consumers, Shiseido trained beauty advisers, who demonstrated and illustrated the uses of the cosmetics on the on-site demonstration briefing.

The Ginza district burned during the Kanto Earthquake of 1923. This incident and the great depression in the 1930s caused a decrease in sales of Shiseido. Shiseido partnered with stores to form the Shiseido Cosmetics Chain Store System. Therefore, consumers could rest assured that they could purchase Shiseido products at the same price at any store. In 1932, the representative Shiseido brand of top class cosmetic products of the time, De Luxe, was born. Following the outbreak of World War II, the De Luxe brand was considered an extravagance and production ceased.[23] However, it was re-launched in 1951 when the economy began to recover. Shiseido started to expand its cosmetics markets to the international market in the 1950s to 1980s.

Animal testingEdit

In 2017, Shiseido's subsidiary company, NARS Cosmetics, announced it was going to start testing their products on animals. In defense of its decision, the company stated "We have decided to make NARS available in China because we feel it is important to bring our vision of beauty and artistry to fans in the region. Nars does not test on animals or ask others to do so on our behalf, except where required by law".[24]

NotesEdit

  1. ^ Weil, Jennifer (24 December 2013). "Shiseido Names New President and CEO". WWD. Retrieved 26 December 2013.
  2. ^ "Shiseido Annual Report for Fiscal Year 2018".
  3. ^ SHISEIDO Frequently Asked Questions - SHISEIDO USA - FAQ 1.
  4. ^ Five Good-Looking Cosmetic Stocks - Seeking Alpha
  5. ^ Japan's Shiseido Agrees to Acquire Bare Escentuals - WSJ.com
  6. ^ "Shiseido Company, Limited - Company Profile, Information, Business Description, History, Background Information on Shiseido Company, Limited". www.referenceforbusiness.com. Retrieved 2018-09-29.
  7. ^ Ltd., Shiseido Co.,. "The origin of the name "Shiseido" | History of Shiseido | About Us | Shiseido group website". www.shiseidogroup.com. Retrieved 2018-09-29.
  8. ^ COSMETICS - Shiseido - VEPA GROUP Archived 2009-04-12 at the Wayback Machine
  9. ^ About Shiseido - BANBATSU SHISEI (The Origins) Archived 2009-12-18 at the Wayback Machine
  10. ^ "Subscribe to read". Financial Times. Retrieved 2018-09-17.
  11. ^ History. Shiseido Group.
  12. ^ SHISEIDO Sodium Hyaluronate :History - shiseido.co.jp
  13. ^ Wetherille, Kelly (July 31, 2013). "Shiseido Swings to Black in Q1". WWD. Retrieved 31 July 2013.
  14. ^ Wetherille, Kelly (July 19, 2013). "Shiseido Sets Subsidiary in India". WWD. Retrieved 31 July 2013.
  15. ^ Kaiser, Amanda (19 February 2014). "Shiseido Sells Carita, Decléor to L'Oréal". WWD. Retrieved 20 February 2014.
  16. ^ "bareMinerals launches an app with MatchCo technology". cosmeticsdesign.com. Retrieved 2018-09-17.
  17. ^ "Shiseido Americas Acquires Giaran, Inc. - NewsCenter.io". NewsCenter.io. 2017-11-13. Retrieved 2018-09-17.
  18. ^ "Shiseido Americas Corporation acquires Giaran, Inc. - 2017-11-07 | Crunchbase". Crunchbase. Retrieved 2018-09-17.
  19. ^ "Shiseido acquires "Second Skin" technology from Olivo Laboratories". Premium Beauty News. Retrieved 2018-09-17.
  20. ^ Allure Best of Beauty 2008 - Allure.com
  21. ^ 和田博文, 廖怡錚 (2017). 資生堂的文化裝置: 引發時尚革命的美學教主. 臺北: 蔚藍文化出版股份有限公司. pp. 159, 250–256. ISBN 9789869440325.
  22. ^ Ltd, Shiseido Co. "History | History of Shiseido | About Us | Shiseido group website". www.shiseidogroup.com. Retrieved 2019-03-04.
  23. ^ Gale, Group (2013). Encyclopedia of global brands. Detroit: St. James Press. pp. 960–964. ISBN 1558628541.
  24. ^ "Nars make-up boycotted, after cosmetics tested on animals in China". BBC. 28 June 2017. Retrieved 28 June 2017.

ReferencesEdit

External linksEdit