Towa Raises Japanese Expectations Amid Uncertain Business Climate

H1 Results Have Prompted The Firm To Brighten Its Outlook Somewhat

 
• By Chloe Kent
  
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Towa has issued a minor upward revision to its full-year guidance after its domestic business delivered higher than expected sales and profit growth during H1, but uncertainty in the Japanese generics market and concerns over the firm’s overseas units have led some analysts to raise questions.

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Towa has enjoyed growth in Japan • Source: Alamy

Japanese generics firm Towa has made a small upward revision to its full-year forecast after its domestic business performed better than anticipated in H1. The firm is now expecting its domestic branch to net ¥129.5bn ($1.14bn) for the financial year ending March 2022, an increase of 1.3% on its originally-planned ¥127.8bn forecast for Japan announced in May.

The consolidated business – also including Towa’s overseas operations, largely gained through its buyout of the Pensa Investments generics division...

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