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Sumitomo Dainippon Pharma Co ( (JP:4506) ) just unveiled an update.
Sumitomo Pharma Co., Ltd. announced the transfer of its Asian business to a new subsidiary, with 60% of shares being acquired by Marubeni Global Pharma Corporation. This transaction is expected to generate a gain of approximately 45 billion yen, impacting the company’s financial forecast for the fiscal year ending March 2026.
The most recent analyst rating on (JP:4506) stock is a Hold with a Yen460.00 price target. To see the full list of analyst forecasts on Sumitomo Dainippon Pharma Co stock, see the JP:4506 Stock Forecast page.
More about Sumitomo Dainippon Pharma Co
Sumitomo Pharma Co., Ltd. operates in the pharmaceutical industry, focusing on the development and distribution of pharmaceutical products. It has a significant market presence in Asia through its subsidiaries, Sumitomo Pharma (China) Co., Ltd. and Sumitomo Pharma Asia Pacific Pte. Ltd.
Average Trading Volume: 5,624,664
Technical Sentiment Signal: Buy
Current Market Cap: Yen383B
Learn more about 4506 stock on TipRanks’ Stock Analysis page.