A “full-on recovery will take time” for Japan’s Nichi-Iko Pharmaceutical Co., Ltd., considering a variety of company-specific issues currently facing the firm, as Nichi-Iko reported a near 100% drop in its operating profit for the nine months ended 31 December 2020.
This is the view of SMBC Nikko Securities, which called on Nichi-Iko to address issues in its native Japan first,...








