Shiseido : On Filing for International Arbitration by RepliCel Based on Terminated Contract
October 19, 2021 at 01:02 am EDT
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(Translation)
October 19, 2021
Name of Company:
Shiseido Company, Limited
Name of Representative:
Masahiko Uotani
President and CEO
(Representative Director)
(Code No. 4911; The First Section of the Tokyo Stock Exchange)
Contact:
Harumoto Kitagawa
Vice President
Investor Relations Department (Tel: +81 3 3572 5111)
On Filing for International Arbitration by RepliCel Based on Terminated Contract
On October 18, 2021 (PDT), RepliCel Life Sciences Inc. (headquartered in Vancouver, Canada; CEO and President: Lee Buckler; "RepliCel"), a Canadian bio-venture company, announced on its website that it had filed for international arbitration in accordance with the International Centre for Dispute Resolution (ICDR) Rules against Shiseido Company, Limited (the "Company") regarding the Company's termination of the Collaboration and Technology Transfer Agreement regarding hair cell technology in 2016.
It is the Company's policy to refrain from comments at this stage, except to say that the Company believes the allegations made by RepliCel lack merit and it will vigorously defend the action.
In the event that any matters requiring disclosure arise in the future, the Company will promptly announce such matters.
-End of News Release-
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Shiseido Co. Ltd. published this content on 19 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2021 05:01:01 UTC.
Shiseido Company, Limited specializes in the design, manufacturing and marketing of cosmetics. The group offers beauty products (including makeup items, coloring, etc. ; Shiseido, Aupr's, DQ, Za, Revital Granas, B?n?fique, Maquillage and Elixir), skin care products (skin creams, bath and shower gels, shampoos, etc. ; Aqua Label, Integrate, Tsubaki and Uno), perfumes (Issey Miyake, narciso Rodriguez, Elis Saab and Azzedine Ala?a) as well as professional products (Joico, Decl?or and Carita).
Net sales are distributed geographically as follows: Japan (32.9%), China (25.6%), Asia and Oceania (6.4%), Europe/Middle East/Africa (10.3%), Americas (9.9%) and other (14.9%).
SHISEIDO COMPANY, LIMITED 
