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The latest announcement is out from TSURUHA Holdings ( (JP:3391) ).
TSURUHA Holdings Inc. and Welcia Holdings Co., Ltd. have entered into a definitive agreement for a business integration, with TSURUHA becoming the wholly owning parent company and Welcia a wholly owned subsidiary. This move, part of a broader alliance with AEON Co., Ltd., aims to address challenges in the drugstore industry and expand access to health and wellness services, amid increasing competition and market pressures.
More about TSURUHA Holdings
TSURUHA Holdings Inc. is a major player in the Japanese drugstore industry, focusing on providing pharmaceuticals, cosmetics, food, and daily necessities. The company aims to be Japan’s top drugstore chain, emphasizing customer-centric services and contributing to local communities. Welcia Holdings Co., Ltd. operates with a mission to enhance quality of life and health, offering a wide range of services including prescription dispensing and counseling across Japan.
YTD Price Performance: 14.48%
Technical Sentiment Signal: Buy
Current Market Cap: $3.7B
See more insights into 3391 stock on TipRanks’ Stock Analysis page.