What smart money is saying about Shiseido
4911.T
No fund has written a full thesis on Shiseido in our archive, but 4 fund letters report a position in it — most recently Lindsell Train Global Equity Fund in August 2026.
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4
Reported positions
0
Bought
0
Sold
4
Letters
Position history
Every position in Shiseido on record in the archive was reported in Q3 2026, across 4 fund letters, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 4 | 0 | 0 | 0 |
Fund activity · 4 positions
- August 2026
“Of your portfolio’s 25 holdings, 11 produced double-digit total returns over these two months (in local currencies), with Nintendo, Intuit, Shiseido and SAP up by a third or more. Shiseido led the charge in August, rising 18.1% in local currency terms, taking its year-to-date total return to 65.4%.”
Shiseido - August 2026
Listed in Lindsell Train Japanese Equity Fund’s reported holdings.
Shiseido - July 2026
“and others such as Shiseido (+24%) and Heineken (+9%) rose on hopes of the same, ahead of their earnings in August.”
Shiseido - July 2026
“The Fund’s consumer franchises are also experiencing positive revenue and profits progression after the disruptions of lockdowns and their aftermath, the subsequent rise in the price of raw materials, and the fall in the value of the yen. Pigeon in particular is seeing a rebound in cashflows, with Milbon, Kao, Kirin and Calbee also making progress. Calbee registered an encouraging first quarter, with operating profits up 24% year-on-year. Shiseido’s shares are up 40% this year, again thanks to improvements in revenues and particularly profits thanks to another year of restructuring.”
Shiseido
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