TOKYO -- Japan's Shiseido on Monday announced that it posted a loss for the first time in four years for a year ended in December, partly caused by slowing consumption by Chinese travelers.
The cosmetics company recorded a net loss of 10.8 billion yen ($71 million). The previous year it posted a 21.7 billion yen profit. A 12.8 billion yen allowance related to selling three cosmetics brands also contributed to the loss.
