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The latest update is out from ITO EN ( (JP:2593) ).
ITO EN has approved the establishment of a new subsidiary, ITO EN INDIA PRIVATE LIMITED, in Mumbai to import and sell ITO EN-branded products, including its “Oi Ocha” line, in the Indian market. The move is intended to deepen the company’s local presence, improve responsiveness to market-specific issues, and raise brand awareness in India as part of its broader globalization strategy outlined in its medium-term management plan, with the company indicating that the financial impact for the current fiscal year will be limited.
The most recent analyst rating on (JP:2593) stock is a Hold with a Yen3423.00 price target. To see the full list of analyst forecasts on ITO EN stock, see the JP:2593 Stock Forecast page.
More about ITO EN
ITO EN, LTD. is a Japanese beverage company specializing in tea-based drinks and related products, best known for its flagship green tea brand “Oi Ocha.” The group has been pursuing international expansion, particularly across Asia-Pacific, as part of its strategy to position itself as a global tea company and grow the overseas presence of its core brands.
Average Trading Volume: 398,172
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen317.3B
Learn more about 2593 stock on TipRanks’ Stock Analysis page.