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An update from Pharma Foods International Co., Ltd. ( (JP:2929) ) is now available.
Pharma Foods International Co., Ltd. reported a special loss of ¥2.3 billion in its non-consolidated financial statements due to an impairment of shares in its subsidiary, Meiji Yakuhin Co., Ltd. Despite strong sales and increased mail-order customers for Meiji Yakuhin, the upfront advertising investments could not be recovered within a single fiscal year, leading to a decline in net assets. However, this loss does not affect the company’s consolidated financial results.
The most recent analyst rating on (JP:2929) stock is a Hold with a Yen916.00 price target. To see the full list of analyst forecasts on Pharma Foods International Co., Ltd. stock, see the JP:2929 Stock Forecast page.
More about Pharma Foods International Co., Ltd.
Pharma Foods International Co., Ltd. operates in the pharmaceutical industry, focusing on health-related products. The company is involved in the production and sale of products that promote health, such as LACTRON Tablets, which address intestinal health issues.
Average Trading Volume: 161,288
Technical Sentiment Signal: Buy
Current Market Cap: Yen28.07B
See more insights into 2929 stock on TipRanks’ Stock Analysis page.