Shiseido Annual Report 2012
Our Mission, Values and Way ···································· Shiseido s Value Portfolio ··········································· Message from the President & CEO ························· Shiseido Snapshot Business Overview ············································· Overview of Results ············································ Major Events of the Year Ended March 2012 ··· An Interview with the President & CEO ··················· Shiseido s Next Era Has Begun ································· Review of Operations ·················································· Domestic Cosmetics Business ···························
Insight
4 5 12
Shiseido s Management Structure ···························· Board of Directors, Corporate Auditors and Corporate Officers ···································· Corporate Governance ······································· Risk Management (CSR Management and Business Continuity Plan) ·· Main Subsidiaries and Affiliates ······················· Management s Discussion and Analysis ···················
64 65 68 76 78 79 80 82 95 96
14 16 19 20 28 34 36 40 42 46 48 49 50 54 55 57 62 63
11-Year Summary of Selected Financial Data ···· Operating Results and Financial Condition ····· Financial Section ························································· Consolidated Financial Statements ···················
Taking on Challenges: A New Business Model ···································
Notes to the Consolidated Financial Statements ······································· 102 Independent Auditor s Report ··························· 124 Milestones ···································································· 125 Investor Information ··················································· 126 Corporate Information ················································ 127
Global Business ···················································
Insight
Shiseido s Business in China: An Engine of Growth
Insight
4 5 12
Shiseido s Management Structure ···························· Board of Directors, Corporate Auditors and Corporate Officers ···································· Corporate Governance ······································· Risk Management (CSR Management and Business Continuity Plan) ·· Main Subsidiaries and Affiliates ······················· Management s Discussion and Analysis ···················
64 65 68 76 78 79 80 82 95 96
14 16 19 20 28 34 36 40 42 46 48 49 50 54 55 57 62 63
11-Year Summary of Selected Financial Data ···· Operating Results and Financial Condition ····· Financial Section ························································· Consolidated Financial Statements ···················
Taking on Challenges: A New Business Model ···································
Notes to the Consolidated Financial Statements ······································· 102 Independent Auditor s Report ··························· 124 Milestones ···································································· 125 Investor Information ··················································· 126 Corporate Information ················································ 127
Global Business ···················································
Insight
Shiseido s Business in China: An Engine of Growth