Cautionary Statement With Respect to Forward-Looking Statements In these documents, statements other than historical facts are forward-looking statements that reflect our plans and expectations. These forward-looking statements involve risks, uncertainties and other factors that may cause our actual results and achievements to differ from those anticipated in these statements. 1. Statement of Shiseido Corporate Activities Financial Highlights 2. Prospering "Together" 3. Message From The Management 4. Business Strategies 5. Research and Development 6. Together With Society 7. Global Network 8. Financial Section Six-Year Summary Sales by Segment Management's Discussion and Analysis Consolidated Balance Sheets Consolidated Statements of Income Consolidated Statements of Shareholders' Equity Consolidated Statements of Cash Flows Notes to The Consolidated Financial Statements Report of Independent Certified Public Accountants 9. Directors and Auditors Shareholder Information

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