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Fuji Co., Ltd. ( (JP:8278) ) has issued an update.
Fuji Co., Ltd. has announced its decision to transfer its 49% stake in Lady Drug Store Co., Ltd. to Tsuruha Holdings Inc. and through a share buyback by Lady. This strategic move is aimed at enhancing Fuji’s corporate value by utilizing the proceeds to support its medium-term management plan and strengthen its financial foundation. Despite the divestment, Fuji plans to maintain cooperative relations with Lady as both companies are part of the AEON group, which is expected to consolidate Tsuruha as a subsidiary. This decision comes amid increasing competition in the drugstore industry and Tsuruha’s goal to accelerate decision-making and investments by making Lady a wholly owned subsidiary.
The most recent analyst rating on (JP:8278) stock is a Hold with a Yen2129.00 price target. To see the full list of analyst forecasts on Fuji Co., Ltd. stock, see the JP:8278 Stock Forecast page.
More about Fuji Co., Ltd.
Fuji Co., Ltd. operates primarily in the retail industry, focusing on pharmacy and cosmetics through its equity-method affiliate, Lady Drug Store Co., Ltd. The company is based in the Chugoku-Shikoku region and has a strategic partnership with AEON Co., Ltd., its parent company.
Average Trading Volume: 117,072
Technical Sentiment Signal: Buy
Current Market Cap: Yen174.5B
Find detailed analytics on 8278 stock on TipRanks’ Stock Analysis page.