Annual Report 1997 [ PDF:2.4MB ] - Shiseido
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 />
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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