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Menicon Co ( (JP:7780) ) has shared an update.
Menicon Co., Ltd. is addressing the rising demand for silicone hydrogel 1DAY-lenses by increasing production at its Kakamigahara and Malaysia plants, aiming to lift sales restrictions and expand its partner network globally. Despite a shrinking orthokeratology market in China, Menicon remains optimistic about long-term growth. The company is also committed to sustainability and shareholder returns, with initiatives to reduce CO2 emissions and stable dividend policies.
More about Menicon Co
Menicon Co., Ltd. operates in the vision care industry, specializing in the production and sale of contact lenses, including daily disposable lenses and orthokeratology lenses. The company focuses on expanding its market presence with a particular emphasis on silicone hydrogel lenses and has a significant manufacturing footprint in Japan and Malaysia.
YTD Price Performance: 4.17%
Average Trading Volume: 250
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: €657.8M
See more insights into 7780 stock on TipRanks’ Stock Analysis page.