Sales of major
The spread of the deadly pneumonia-causing virus also pushed sales to foreign tourists in
Shiseido, a popular brand among Chinese consumers and whose sales in
In announcing its earnings reports for the year through December, Shiseido projects a group net profit of
But Uotani said the earnings forecast does not take the impact of the coronavirus outbreak on its business into account.
"We haven't projected the effect on earnings as we don't know how big a blow the virus will deal to our businesses," he said. "We hope to give a clear projection when we report midterm earnings."
Shiseido will craft a midterm earnings report on the assumption that the spread of the virus would come to an end in the second half of 2020.
==Kyodo
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