Core brand DUO sales, especially in high-marginWholesale, declined due to slower-than-expected growth.
DUO's profit was lower than expected, and operating profit declined as it could not absorb higher SG&A expenses such as advertising and system investments to strengthen growth in CANADEL and clayence.
Advertising expenses increased due to new customer acquisition costs for mail-order sales and TV commercials.
Consignment expenses increased due to variable costs linked to mail-order sales, which accounted for about half of the increase. The rest increased mainly due to system investment and overseas investment from 1Q to 2Q.
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Premier Antiaging Co. Ltd. published this content on 13 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 June 2022 06:32:10 UTC.
Premier Antiaging Co Ltd is a Japan-based company mainly engaged in the manufacture and sale of cosmetics. The Company is involved in the plan, development and sale of cosmetics and health foods. The Company is involved in the provision of information and consulting service on anti-aging, beauty and health. The company is also engaged in the management of beauty clinics and beauty research, as well as market research, collection and analysis of various types of information. The Company Mainly provides DUO and CANADEL brand series. The products are sold through three channels including mail order, wholesale sales and the others.
PREMIER ANTI-AGING CO., LTD. 
