Shiseido Company Ltd. http://www.alacrastore.com/company-snapshot/Shiseido_Company_Ltd-1015238 Wednesday, October 08, 2008 3:16:00 AM 1015238 Shiseido Company Ltd. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/spcred/670574spcred/670574normThe latest Full Report from S&Pglobal9/10/2008 11:27:00 PM400Full Report670574JapanPersonal ProductsAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsConsumer ProductsFull ReportConsistent leader in the Japanese cosmetics market, backed by strong product development, market research capabilities, and brand recognition Increasing overseas earnings, especially in China Sound financial profile, reflected by positive free cash flow and solid capital structure High dependency on the maturing and competitive domestic market High advertising and sales promotion costs in Japan Shiseido's profitability has been improving in the maturing and highly competitive Japanese cosmetics market, supported by new brand strategies conducted under the company's previous medium-term management plan, which ended in fiscal 2007, and structural reforms focusing on a business trade system for its products. Sales from overseas business segments were driven by about 30% year-on-year growth in China (on a yen equivalent basis), which led toJPN82484130302010 303020 3030 30Shiseido Co. Ltd.334134ASIAEUROMIDAFRUSA4911@JPFULLGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/670575spcred/670575normThe latest Summary from S&Pglobal9/10/2008 11:27:00 PM175Summary670575JapanPersonal ProductsAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsConsumer ProductsSummaryShiseido's profitability has been improving in the maturing and highly competitive Japanese cosmetics market, supported by new brand strategies conducted under the company's previous medium-term management plan, which ended in fiscal 2007, and structural reforms focusing on a business trade system for its products. Sales from overseas business segments were driven by about 30% year-on-year growth in China (on a yen equivalent basis), which led to total overseas growth of 17.6% in fiscal 2007 (ended March 31, 2008). Overseas sales totaled ¥263.7 billion in fiscal 2007. In tandem with sales expansion, the company's profitability is also trending up. Its consolidated EBITDA margin improved to 12.5% in fiscal 2007 from 11.2% in the previous year, while return on permanent capital grewJPN82484130302010 303020 3030 30Shiseido Co. Ltd.334134ASIAEUROMIDAFRUSA4911@JPSUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/bir/628bir/628normShiseido Company Ltd.JapanManufacturing: Manufacturer: Produces cosmetics, skin care products, toiletries, pharmaceuticals, and fine chemicals.28443256209ILSSDOY.PK8/26/2008 6:21:53 AM628Company Profiles & FinancialsGale Company Profileshttp://www.alacrastore.com/storecontent/moodys/PR_159178_736800moodys/PR_159178_736800htmlGlobal Credit Research Rating Action ## JUL #### Rating Action: Shiseido Americas Corporation Moody's raises Shiseido's rating to Aa# from A#; Outlook stable Yen ## Billion of Long-Term Debt Affected Tokyo, July ##, #### -- Moody's...7/16/2008 12:39:41 AMhtmlShiseido Americas CorporationShiseido Company, LimitedShiseido Americas Corporation; Shiseido Company, Limited7368002663150.0000NewsRating ActionPR_159178_736800Credit & Investment ResearchMoody's Global Credit ResearchJAPAN - Nippon Kanzai Co Ltd (NK) agreed to acquire business Management division of Shiseido Kaihatsu Co Ltd, a wholly-owned unit of Shiseido Co Ltd. Upon completion, NK was to own a ##% interest of the division.6/4/2008 10:22:09 AM65457S82787V65457S824841Nippon Kanzai Co LtdShiseido Kaihatsu Co Ltd- Business Management DivisionNippon Kanzai Co LtdShiseido Co Ltdhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Nippon_Kanzai_Co_Ltd_acquires_Shiseido_Kaihatsu_Business_from_Shiseido_Co_Ltd-1983048040sdc/19830480401983048040Copyright © 2008, Thomson Financial, All Rights ReservedTokyo 1Real Estate; Mortgage Bankers and BrokersJapanOperators of nonresidential buildings6512FFForeignPublic97286512:Operators of nonresidential buildings6552:Land subdividers and developers, except cemeteries6512:Operators of nonresidential buildings6552:Land subdividers and developers, except cemeteriesBusiness ServicesJapanManagement services8741FFForeignSubsidiary280694003Pvd property management svcsMnfr soap,toiletriesUnspecifiedStock1013799001Jun 4 20080.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.00000The Group's principal activityis to provide buildingmanagement services. Theoperations are carried outthrough the followingdivisions: Building ManagementServices, FacilitiesManagement and PersonnelSupply Services. The buildingmanagement services includemaintenance, security andcleaning. The facilitiesmanagement includes watermains, sewerage and refusedisposal. The personnel supplyservices consists of supplyingpersonnel for temporaryclerical works includingtelephone operators andreceptionists.The Group's principal activity is to provide buildingmanagement services. The operations are carried out throughthe following divisions: Building Management Services,Facilities Management and Personnel Supply Services. Thebuilding management services include maintenance, securityand cleaning. The facilities management includes watermains, sewerage and refuse disposal. The personnel supplyservices consists of supplying personnel for temporaryclerical works including telephone operators andreceptionists.The Group's principal activity is to provide building management services. The operations are carried out through the following divisions: Building Management Services, Facilities Management and Personnel Supply Services. The building management services include maintenance, security and cleaning. The facilities management includes water mains, sewerage and refuse disposal. The personnel supply services consists of supplying personnel for temporary clerical works including telephone operators and receptionists.1.000002.000003.000004.00000Business Management Divisionof Shiseido Kaihatsu Co Ltdmanages and operates ShiseidoKaihatsu Co Ltd.Business Management Division of Shiseido Kaihatsu Co Ltdmanages and operates Shiseido Kaihatsu Co Ltd.Business Management Division of Shiseido Kaihatsu Co Ltd manages and operates Shiseido Kaihatsu Co Ltd.0.000000.000000.000000.00000N02 Jun 08Mon, 02 Jun 2008 00:00:00 ESTDate Announced: 06/02/2008Date Effective:Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000090.000000.000000.000000.000000.000000.000000.000000.000000.00000586.963000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000JAPAN - Nippon Kanzai Co Ltd(NK) agreed to acquirebusiness Management divisionof Shiseido Kaihatsu Co Ltd, awholly-owned unit of ShiseidoCo Ltd. Upon completion, NKwas to own a 90% interest ofthe division.JAPAN - Nippon Kanzai Co Ltd (NK) agreed to acquire business Management division of Shiseido Kaihatsu Co Ltd, a wholly-owned unit of Shiseido Co Ltd. Upon completion, NK was to own a 90% interest of the division.JAPAN - Nippon Kanzai Co Ltd (NK) agreed to acquire business Management division ofShiseido Kaihatsu Co Ltd, a wholly-owned unit of Shiseido Co Ltd. Upon completion, NK wasto own a 90% interest of the division.JAPAN - Nippon Kanzai Co Ltd (NK) agreed to acquire business Management division of Shiseido Kaihatsu Co Ltd, a wholly-owned unit of Shiseido Co Ltd. Upon completion, NK was to own a 90% interest ofthe division.JAPAN - Nippon Kanzai Co Ltd (NK) agreed to acquire business Management division of Shiseido Kaihatsu Co Ltd, a wholly-owned unit ofShiseido Co Ltd. Upon completion, NK was to own a 90% interest of the division.Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000008741:Management services280694003Tokyo 1Japan6512ForeignPublic97282834:Pharmaceutical preparations2841:Soap & other detergents, except specialty cleaners2844:Perfumes, cosmetics, and other toilet preparations2899:Chemicals and chemical preparations, nec5122:Drugs, drug proprietaries, and druggists' sundries5480001Tokyo 1Japan2844ForeignPublic49110.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/moodys/PR_155704_736800moodys/PR_155704_736800htmlGlobal Credit Research Rating Action ## MAY #### Rating Action: Shiseido International Corporation Moody's reviews Shiseido's A# rating for possible upgrade Yen ## Billion of Long-Term Debt Affected Tokyo, May ##, #### -- Moody's Investors...5/21/2008 12:34:30 AMhtmlShiseido International CorporationShiseido Company, LimitedShiseido Company, Limited; Shiseido International Corporation7368002663150.0000NewsRating ActionPR_155704_736800Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_154523_736800moodys/PR_154523_736800htmlGlobal Credit Research Announcement # MAY #### Announcement: Shiseido International Corporation Moody's says outlook for Japan cosmetics industry remains stable Tokyo, May ##, #### -- Moody's Investors Service says in a new report...5/8/2008 2:34:01 AMhtmlShiseido International CorporationShiseido International Europe S.A.Shiseido Company, LimitedShiseido Company, Limited; Shiseido International Corporation; ...7368006000566982663150.0000NewsAnnouncementPR_154523_736800Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_149522_736800moodys/PR_149522_736800htmlMoody's withdraws Euro MTN program rating of ShiseidoRating Action2/21/2008 12:33:34 AMShiseido International Corporation736800150.0000Newshtml600056698Shiseido International Europe S.A.2663Shiseido Company, LimitedShiseido Company, Limited; Shiseido International Corporation; ...PR_149522_736800Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/631554spcred/631554normThe latest News from S&P2/20/2008 4:32:50 AMNews100global631554JapanPersonal ProductsAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsConsumer ProductsNewsTOKYO (Standard&Poor's) Feb. 20, 2008--Standard&Poor's Ratings Services today withdrew its 'A+' rating on Shiseido Co. Ltd.'s (A+/Stable/A-1) Euro medium-term note program at the company's request. The medium-term notes were jointly issued by Shiseido and its two overseas subsidiaries, Shiseido International Europe S. A., and Shiseido International Corp. The program amount is US$300 million, and the subsidiaries' portion is guaranteed by Shiseido. Ratings List Not Rated Action To From Shiseido Co. Ltd. Senior Unsecured Foreign Currency NR A+JPN82484130302010 303020 3030 30Shiseido Co. Ltd.334134ASIAEUROMIDAFRUSA4911@JPNEWSGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_2663moodys/COP_2663htmlGlobal Credit Research Credit Opinion ## JUL #### Credit Opinion: Shiseido Company, Limited Shiseido Company, Limited Tokyo, Japan Ratings Category Moody's Rating Outlook Stable Senior Unsecured -Dom Curr Aa# Shiseido Americas Corporation...1/3/2008 8:04:00 PMhtmlShiseido Company, LimitedShiseido Company, Limited2663150.0000NewsCredit OpinionCOP_2663Credit & Investment ResearchMoody's Global Credit Research