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Annual Report 1997 [ PDF:2.4MB ] - Shiseido

Annual Report 1997 [ PDF:2.4MB ] - Shiseido

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Our Global Strategy<br />

Making a World of Difference<br />

Since its foundation as Japan’s first pharmacy to sell Western<br />

medicines, <strong>Shiseido</strong> has endeavored to combine the best of<br />

oriental and occidental cultures to generate new value.<br />

Having started as a pharmacy, <strong>Shiseido</strong> diversified<br />

into cosmetics and developed opportunities in the international<br />

marketplace, thus realizing its corporate goal of globalisation.<br />

We began full-scale operations overseas in 1957, when<br />

we started sales in Taiwan. Today, we sell our products in<br />

more than 50 countries in Europe, the Americas and Asia.<br />

Our marketing policy abroad emphasizes our high-quality<br />

products, prestigious image and superior service, an approach<br />

that has won us accolades around the world.<br />

We have been active abroad in keeping with a multibrand<br />

strategy. In 1986, we acquired famed French salon Carita S.A.<br />

Two years later, we bought Zotos Corporation, a professional<br />

hair-care products manufacturer based in the United States.<br />

In 1990, we established Beauté Prestige International S.A. in<br />

Paris to develop and market fragrances.<br />

In the booming Chinese market, in 1994 a local sales<br />

joint venture launched the high-end Aupres brand, which is<br />

made at the Beijing plant. This line has been tremendously<br />

successful.<br />

○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○ ○<br />

SHISEIDO / <strong>Annual</strong> <strong>Report</strong> <strong>1997</strong> 5<br />

Global No. 1 and International Operations<br />

Through our Global No. 1 five-year strategy, we aim to secure<br />

consolidated net sales from operations abroad totaling ¥120<br />

billion and ¥80 billion from existing and new businesses,<br />

respectively. Given that overseas sales in fiscal <strong>1997</strong> were ¥64.5<br />

billion, we must do much to meet that goal by the end of<br />

fiscal 2001.<br />

Our immediate target is to achieve ¥120 billion in sales<br />

from existing overseas operations. In fiscal <strong>1997</strong>, sales were<br />

particularly strong for our core <strong>Shiseido</strong> Benefiance and Pureness<br />

brands. We also expanded our international coverage during<br />

the term, entering the Brazilian, Turkish, Israeli, Cypriot, Czech<br />

and Vietnamese markets.<br />

Also during the year, we did far better than planned<br />

with fragrances that Beauté Prestige International launched.<br />

In the United States, Zotos Corporation has stepped up<br />

local marketing since <strong>Shiseido</strong> International Corporation<br />

acquired the North American Hair Salon Division of Helene<br />

Curtis Inc. from Unilever United States, Inc.<br />

<strong>Shiseido</strong> Benefiance

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