13 Feb 2024 --- Shiseido releases its 2023 financial results and predictions for 2024 after experiencing a decrease in profit following Japan’s release of wastewater from its Fukushima nuclear plant. The beauty brand’s annual revenue decreased by 8.8% to ¥973 billion (US$6.5 billion) despite achieving double-digit sales growth in Japan, the Americas, EMEA and Asia-Pacific regions. The company’s 40% slide in annual earnings can be attributed to a slowing Chinese economy, along with fear and rhetoric surrounding Japanese companies after the wastewater discharge.
