Editor
Shares in the cosmetics maker dropped as much as 16 percent in morning trading in Tokyo on Thursday, the most since 1987 on an intraday basis, erasing most of its recent gains. The company reported a January-June operating loss of ¥2.7 billion ($18.4 million), compared with profit of ¥13.6 billion a year earlier.
Shiseido has been taking steps to build sustainable growth and improve profitability, including cost cuts and offering early…
