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An announcement from Sugi Holdings Co ( (JP:7649) ) is now available.
SUGI Holdings Co., Ltd. announced its acquisition of a 34.8% stake in Seki Yakuhin Co., Ltd., with plans to increase its shareholding to 49% by the transaction’s closing date. This strategic move aims to leverage synergies between the two companies, enhancing their community-focused healthcare strategies and expanding their dominant store networks. The collaboration is expected to strengthen their market position and drive growth, with the long-term goal of becoming the leading healthcare company in Japan and Asia.
The most recent analyst rating on (JP:7649) stock is a Hold with a Yen2850.00 price target. To see the full list of analyst forecasts on Sugi Holdings Co stock, see the JP:7649 Stock Forecast page.
More about Sugi Holdings Co
SUGI Holdings Co., Ltd. operates over 2,100 stores across various regions in Japan, focusing on drugstores with dispensing services. The company employs around 5,000 pharmacists, 1,100 beauty advisors, and 600 registered dietitians, emphasizing community health management and disease prevention. SUGI is also advancing its digital transformation efforts to enhance customer experience and operational efficiency.
Average Trading Volume: 546,766
Technical Sentiment Signal: Buy
Current Market Cap: Yen698.3B
For detailed information about 7649 stock, go to TipRanks’ Stock Analysis page.