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Menicon Co ( (JP:7780) ) has shared an announcement.
Menicon Co., Ltd. has updated its Medium-Term Management Plan, maintaining its overall sales targets but revising specific sales goals for its ‘1-DAY lens’ and orthokeratology-related strategies. The company anticipates strong global demand for its ‘1-DAY lens’ products and plans to increase production capacity with a new plant in Malaysia, aiming to enhance profitability and expand sales internationally. However, growth in the orthokeratology market is expected to slow in China due to economic factors and emerging technologies, prompting Menicon to focus on other Asian markets for growth.
The most recent analyst rating on (JP:7780) stock is a Buy with a Yen2300.00 price target. To see the full list of analyst forecasts on Menicon Co stock, see the JP:7780 Stock Forecast page.
More about Menicon Co
Menicon Co., Ltd. operates in the optical industry, focusing primarily on the production and sale of contact lenses. The company is known for its ‘1-DAY lens’ and orthokeratology-related products, with a market focus on expanding its presence globally, particularly in Asia.
Average Trading Volume: 424,861
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen84.55B
Learn more about 7780 stock on TipRanks’ Stock Analysis page.