In today’s briefing:
- Otsuka Holdings (4578 JP): Guidance Revised Upward for 2024, Core 2 Products Show Strength
Otsuka Holdings (4578 JP): Guidance Revised Upward for 2024, Core 2 Products Show Strength
- Otsuka Holdings (4578 JP) has revised revenue guidance for 2024 to ¥2,320B from previous ¥2,310B. Pharmaceutical business and nutraceutical business performed strongly.
- 2024 operating profit guidance have been revised slightly upwards to ¥323B. Due to the impact of temporary tax adjustment in U.S., net profit guidance raised by 43% to ¥343B.
- Otsuka shares have rallied 40% in the last one year. With multiple growth drivers at play Otsuka is poised for accelerated growth.
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