ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Japan-Update

Lion seen roaring to third year of record profit

New toothpaste, body wash helped spiff up margins

Lion body wash for sale at a Japanese drugstore.

TOKYO -- Health and beauty goods maker Lion's operating profit likely jumped roughly 50% to a third straight record high in the year ended Dec. 31, driven by still-growing domestic demand and new products. 

The Japanese company is expected to report a group operating profit of around 25 billion yen ($214 million), beating its 23.5 billion yen forecast and breaking the 20 billion yen barrier for the first time since going public in 1949. Its operating margin apparently set another record by surpassing 6%.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more