0

2011/12

20119306

201111

1 1

2

(20119306)

3

20119306 ()

2011/12

2010/11

+/-%

2,786.0 2,099.2 +32.7%

1,224.4 945.0 +29.6%

(EBITDA)

323.3 252.4 +28.1%

224.3 176.3 +27.3%

8.0 6.3* +26.4%

17.1% 15.7% +1.4%

43.9% 45.0% -1.1%

8.1% 8.4% -0.3%

*1:1

4

20115

() 13 (13)

13 ()

2012331

5

()

20119306 ()

2011/12

()

2010/11

+/- %

()

2011/12

(

)

+/- %

(

)

2,786.0 2,099.2 +32.7% 2,817.1 +34.2%

43.9% 45.0% -1.1% 44.4% -0.6%

224.3 176.3 +27.3% 249.5 +41.5%

8.1% 8.4% -0.3% 8.9% +0.5%

6

20119306 ()

2011/12

2010/11

6.0

2.0

4.0

4.5*

1.5*

3.0*

75.1% 71.3%

*1:1

7

20119306 2011/12

2010/11

+/-

()

111.5 62.0 +49.5

208.8 158.4 +50.4

168.5 125.7 +42.8

454.7

(2011930) 502.7

(2010930) -48.0

84 74 +10

17.8% 18.2% -0.4%

8

9

()

2,205.0 79.1% (:77.6%)

108.5 3.9% (:2.9%)

117.0 4.2% (:4.4%)

117.6 4.2% (:4.9%)

107.1 3.9% (:3.7%)

sasa.com 130.8 4.7% (:6.5%)

2,786.0 100%

20119306

: 2,786.0 (+32.7%)

10

/

#5

*4

2011 331

+/-

(20114

20119)

2011 930

78# +6 84*

26 +13 39

20 -- 20

38 +1 39

19 +2 21

181 +22 203

2011 331

+/-

(20114

20119)

2011 930

2 -- 2

21 -- 21

-- -- --

-- -- --

1 -- 1

24 -- 24

20119306

11

20119306

35.3%

() 37.2%

24.1%

() 26.0%

310

(+15.7%)

6.9

(+16.5%)

12

()

20119306

71.2%

12.1%

9.3%

27.5%

13

- 13 (: 6; : 7)

- 39 21 (2011930)

- (6 + 4)

- 15 86

+71.2%

- LOral LOral Maybelline (Yue Sai)

- Shiseido Za

- KOSE (Junkisei)Nature & CoRECIPEO WHITE ST

: 2010/11 930

2011/12 930

5 14

19 39

()

52,645 113,040

~330 ~600

2011

14

20119306

:

15

20119306

:

16

16

(312)

13

15

201141930

20119306

201141 9

201141930 5

17

:

-

360Buy

20113iPhone

2011 Smartphone Apps Smartphone Apps

- sasa.com

130.8

-4.4%

20119306

18

* = +

:

: : +48.4%

:

32.9%

:

41.4% (: 41.2%)

20119306

19

:

Suisse Programme

Natio

Gianfranco Ferre

Rose Princess EDT

The Cleo Beauty Hall of Fame 2011

The CLEO

Beauty Hall of Fame 2011

CozyCot Holy Grail

Beauty & Fashion

Awards 2011

GQ Mens Care Awards

100

Cyber Colors

The Balm

Collistar

The Malaysian Women Weekly Best Beauty Buys

2011

100

Cyber Colors

DSQUARED

He Wood Ocean

20

21

2011201195

22

()

()

: 0755 , 20119; : 604

3%

23%

12%

16%

28%

19%

23

2011/12

23 23

*

*

*

*

*

*

*

*

2011/12

83

15

2011/12 13

2011/12 15

(+3) (+2) (+2) (+1) (+1) (+1, -1) (+1) (+3, -1) (+1)

(+1) (+1) (+1) (+1)* (+1)* (+1)* (+2) (+1) (+1)* (+1)* (+1) (+1)* (+1)* (+1)*

* 8()

2011930

24

()

>3000

25

26

sasa.com

201111

sasa.com

26

27

Haruhada

Orchid From Paradise

Home Secrets

GoodSkin Labs

(Este Lauder)

28

2011 331

2011 930

20111117

2012 331

78 84 85 88

26 39 43 53

20 20 21 23

38 39 39 44

19 21 23 27

181 203 211 235

2011 331

2011 930

20111117

2012 331

2 2 2 2

21 21 23 18

-- -- -- --

-- -- -- --

1 1 1 1

24 24 26 21

/

29

!