Is Towa’s Guidance For 2024 ‘Somewhat Mediocre?’

One Leading Market Analyst Unimpressed With Operating Profit Guide

Bringing in sales that translated to nearly $1.5bn last year, Japan’s Towa was feeling upbeat after a challenging few years, both for itself and the broader Japanese generics market. However, its financial guide for the next 12 months has left investors feeling cold.

Japan q1 round up
• Source: Shutterstock

Japanese generics giant Towa Pharmaceutical has delivered its annual financial results for the company’s year ended March 2024, achieving 17.4% revenue growth and a trebling of its operating profit for the 12 months, against a comparatively weak prior financial year.

One analyst, however, was unimpressed with the company’s financial guidance of 2% operating profit growth for the firm’s 2025 financial...

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