Steep raw material prices and changing consumer preferences challenge premium skin- and hair-care product firm Kao Corporation in the nine-month period ending Dec.31. The Tokyo-based firm saw operating income for its consumer products business fall ¥5.2 ($68.2 million) to ¥75.2 billion ($968.2 million).

Shiseido’s spring collection features an eye cream with ingredients purported to suppress the formation of wrinkles and a spot-targeting serum that diminishes dark spots in 10 days.

Shiseido, historically a name synonymous with prestige, is diversifying its portfolio to reach consumers at lower price tiers, and developing the e-commerce component of its business, under the Japanese firm’s three-year global growth strategy.