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Shiseido : Completes Construction of Fukuoka Kurume Factory Equipped with Cutting Edge Technology







(3) Environmentally sustainable factory
The factory has an environmentally friendly building structure and has been certified as an A-rank from CASBEE (Comprehensive Assessment System for Built Environment Efficiency), which is highly regarded for factory buildings. It is constructed with 19% energy conservation (BEI value*1) compared to the standard building specified by the Building Energy Efficiency Act by improving the thermal insulation performance of its exterior walls and roof and by using LED lighting throughout the building.
The facility uses 100% renewable energy in electricity. We have installed solar panels in the parking area and are planning to place twice as many solar panels by 2023, expecting to generate a total of 1,800 MWh of electricity, which is equivalent to 11%*2 of the factory annual electricity consumption. The white tiles on the factory’s front exterior wall are custom-made and complied with the standards of the Act on Promoting Green Procurement, which requires a use of at least 20% recycled materials for raw materials.
Furthermore, as part of countermeasures against earthquakes and other natural disasters, the factory is equipped with facilities that will be open to the local communities in the event of a disaster, such as offering drinking water, which is well water filtered by using the electricity generated by our solar panels, and some toilets even during power outages.
*1 BEI value:It is calculated by dividing the design primary energy consumption (excluding other primary energy consumption) by the reference primary energy consumption (excluding other primary energy consumption). Under the primary energy consumption performance standards for new construction, a building must achieve the BEI value of 1.0 or less to comply with the standards.
*2 The remailing 89% of electricity used is derived from hydroelectric power and geothermal power from Kyushu Electric Power’s renewable energy ECO plan.

(4) “PEOPLE FIRST” workplace environment
Under our PEOPLE FIRST policy, we are actively investing in talent development, as we value people as the most important asset for the company and aim to create an organization in which “strong individuals create a strong company”. We believe that it is people who support delivering high quality service even in the production sites, so we create an environment where people can work comfortably. As part of our efforts, we have promoted various initiatives such as reforming the workplace from the perspective of females, who account for more than 60% of our employees in the Fukuoka Kurume Factory, introducing a free-address workplace based on the ABW (Activity Based Working) concept, which allows the staff to freely choose their working space and style, etc. Furthermore, a large open-plan space that covers all office departments will encourage active cross-functional interactions and maximize operational efficiency and create new value.

(5) Together with local communities
As a factory open to the public, we will aim for co-existence and co-prosperity with the local communities following our wish to be a place for communication activities with private sectors, government offices, schools, and other organizations. In addition, the factory will be also positioned as a base for communicating the brand value and our commitment to quality to people around the world and increasing the number of loyal Shiseido users. To this end, we will open BEAUTY PLANET to offer factory tours to the public starting in 2023.

Disclaimer

Shiseido Co. Ltd. published this content on 26 May 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 May 2022 04:15:12 UTC.

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Analyst Recommendations on SHISEIDO COMPANY, LIMITED

Sales 2022 1 048 B
8 233 M
8 233 M
Net income 2022 42 908 M
337 M
337 M
Net cash 2022 4 759 M
37,4 M
37,4 M
P/E ratio 2022 47,8x
Yield 2022 1,95%
Capitalization 2 051 B
16 120 M
16 120 M
EV / Sales 2022 1,95x
EV / Sales 2023 1,79x
Nbr of Employees 35 318
Free-Float 97,4%

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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 5 134,00 JPY
Average target price 7 044,71 JPY
Spread / Average Target 37,2%


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