TOKYO -- Cosmetics maker Pola Orbis Holdings aims to increase its earnings per share to about 260 yen ($2.40) in 2016 from 132 yen last year, by sharpening its focus on high-end anti-aging products in Japan and expanding its sales network abroad.
The company seeks to increase EPS -- net profit divided by the number of outstanding shares -- by 25% each year to achieve the target. Its payout ratio will be set at about 50%.
In Japan, the company will strengthen sales of anti-aging products, the market for which is seen expanding. It will also raise efficiency of production facilities to boost net profit.
The overseas business, covering China, Southeast Asia and elsewhere, will likely bleed red ink this year due to heavy upfront costs. But the plan is to turn it profitable by 2016 through increased sales.
Pola Orbis seeks to raise its return on equity from 4% in 2013 to 8% in 2016. The company will work not only to increase net profit but also bolster shareholder distributions and growth-oriented investment to curb increases in its own capital.