Jefferies raises Shiseido stock target from JPY 3,500 to 3,900
Published on 10/01/2026 at 12:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Shiseido (JP3351600006) was trading at EUR 18.84 at Lang & Schwarz on October 1, 2026 at 12:04 p.m. CEST, down 3.53 percent versus the EUR 19.53 prior close. According to MarketScreener on September 7, 2026, Jefferies raised its Shiseido price target from JPY 3,500.00 to JPY 3,900.00 and kept a Buy rating.
Profit recovery outpaces sales
Shiseido's first-half performance shows a widening gap between earnings recovery and demand growth. The Q2 FY2026 earnings call reported first-half sales of JPY 499.0 billion and core operating profit of JPY 44.4 billion, which was JPY 21.1 billion higher than in the same period a year earlier.
According to Yahoo Finance on September 22, 2026, management said the core operating profit margin reached 9.00 percent in the first half, above the 7.00 percent full-year target. The same call said organic growth improved from minus 3.00 percent in the first quarter to plus 2.00 percent in the second quarter.
Guidance stays tied to execution
Shiseido's IR page identifies the FY2026 Q2 financial results as an August 5, 2026 release. The company kept its full-year outlook, while management described the 2026 sales target as demanding in the Americas and Europe.
The profit improvement therefore carries a clear condition: sales must strengthen while the company continues to invest in marketing. Management highlighted structural reforms in the Americas, where core operating profit returned to JPY 2.0 billion in the first half, and said nearly all of the expected JPY 7.5 billion structural-reform effect had been realized.
Target sits above the Tokyo quote
On the Tokyo Stock Exchange, Shiseido was last at JPY 3,408.00 at 3:30 p.m. JST on October 1, 2026. The JPY 2,135.00 to JPY 3,821.00 52-week range places the quote below the upper end, while Jefferies' JPY 3,900.00 target is a separate analyst reference rather than a euro-price forecast.
At Lang & Schwarz, Shiseido was trading at EUR 18.84 on October 1, 2026 at 12:04 p.m. CEST, down 3.53 percent versus the EUR 19.53 prior close. The reference price is an intraday euro quote for German-market investors.
Shiseido stock facts
- Company: Shiseido Company, Limited
- ISIN: JP3351600006
- Ticker: 4911.T
- Primary exchange: Tokyo Stock Exchange
- Price Lang & Schwarz (as of October 1, 2026, 12:04 p.m. CEST): EUR 18.84
- Change versus prior close: minus 3.53 percent
- Prior close Lang & Schwarz (September 30, 2026): EUR 19.53
- Market capitalization: JPY 1.4 trillion (as of October 1, 2026)
- 52-week range: JPY 2,135.00-3,821.00 (as of October 1, 2026)
- Sector / Industry: Consumer Staples / Household and Personal Products
