ANNUAL REPORT

Shaklee Global Group, Inc.
• Industry: Consumer Products – Nutrition Products Segment
• Jasdaq Stock Exchange ticker: 8205.Q
• Total Shares Outstanding: 25,920,000
• RHJI ownership as of March 31, 2009: 42.5% (10,531,000 shares)
• Contribution price per share (March 23, 2005): JPY 1,269
• Closing share price on March 31, 2008: JPY 709
• Closing share price on March 31, 2009: JPY 635
Overview of Activities
Shaklee is a leading provider of premium quality and natural
nutrition, personal care, household and air and water treatment
products. Shaklee operates in the United States, Japan,
Malaysia, Canada and Mexico. The United States is Shaklee’s
largest market in terms of sales, with Japan as its second
largest market. Shaklee uses a sales force of self-employed,
independent distributors to sell its products and has over
750,000 members and distributors.
Key figures
Condensed consolidated income statement for the fiscal year ended March 31
(In millions) JPY EUR
2009 2008 2009 2008
Revenue 24,685 27,322 188.2 208.3
Operating profit 3,652 2,945 27.8 22.5
EBITDA 4,241 3,499 32.3 26.7
EBITDA margin 17.2 % 12.8 % 17.2 % 12.8 %
Profit for the year 1,705 1,441 13.0 11.0
Consolidated cash and financial debt for the fiscal year ended March 31
(In millions) JPY EUR
2009 2008 2009 2008
Cash 5,273 4,699 40.2 35.8
Financial debt 18,529 18,177 141.3 138.6
Shaklee's revenue for the fiscal year ended March 31, 2009
amounted to JPY 24,685 million, 9.7% lower than the previous
fiscal year virtually entirely due to appreciation of the JPY. At
constant exchange rates, sales declined only 0.9%. Operating
profit, for the fiscal year ended March 31, 2009 increased 24% to
JPY 3,652 million from JPY 2,945 million principally due to tight
management over selling and general administrative expenses
in all markets. The profit for the fiscal year ended March 31,
2009 increased 51.6% excluding JPY 120 million benefit from
changes made to the U.S. Retiree Medical Benefit Plan
compared to JPY 1,125 million for the previous fiscal year that
excludes non-recurring pre-tax gains from changes to the U.S.
pension plan of JPY 846 million partly offset by the accelerated
amortization of an intangible asset relating to the purchase of
technology and distribution rights.
fiscal year ended March 31, 2009 to JPY 23,013 million for the
fiscal year ending March 31, 2010. Operating profit in
accordance with J-GAAP is projected to increase from JPY 3,086
million for the fiscal year ended March 31, 2009, to JPY 3,132
million, for the fiscal year ending March 31, 2010.
Based on its management projections under J-GAAP, Shaklee
expects revenue to decrease from JPY 24,685 million for the
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