We ask for your support as Building the model for the future Shiseido will test our we move forward. (Figure 12) Cost Structure (Ratio to Net Sales) Ratio to net sales (%) Cost of sales 25.2 -0.5 to -1.0 24.0 24.5 to - 0.5 to -1.0 23.0 to 24.0 Mcoasrtkse*ting R&D 24.8 +2.5...