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Pola Orbis Beauty Sales Grow 9.1% in Fiscal 2012
Posted: April 22, 2013
Sales of beauty brands owned by Japanese based Pola Orbis Group exceeded fiscal 2011 sales due, in part, to the development of the H2O Plus brand (acquired in July 2011) and the inclusion of earnings from the Jurlique brand, purchased in February 2012.
As a result, net sales generated by the beauty care segment in fiscal 2012 amounted to ¥168,811 million, climbing 9.1% over fiscal 2011. Operating income reached ¥11,812 million, up 9.5%.
"The domestic cosmetics market continued to rally from the impact of the Great East Japan Earthquake in March 2011, but the momentum of economic recovery was rather weak and business conditions remained difficult," said Satoshi Suzuki, president, the Pola Orbis Group. "A bright point, however, was the skin care field, a key domain for the group and a business area that enjoyed relatively favorable demand. In the immediate future, [domestic] demand for skin care products will probably hold steady or rise slightly.
"Overseas, demand for cosmetics continued to expand, particularly in Asia. Regarding China, there is a sense that the economic powerhouse is slowing, but the prospect of double-digit growth is still a strong possibility. The ASEAN region, the next growth market after China, should maintain a 5%–8% annual growth rate."
In addition to H2O Plus and Jurlique, the company's beauty care group consists of the flagship brands Pola and Orbis, as well as brands under development: PDC, Future Labo, Orlane, Decencia and Three.
The full report is available here.