Unicharm Expands into East Africa with New Joint Venture

Unicharm ( (JP:8113) ) just unveiled an announcement.

Unicharm Corporation has announced the establishment of a joint venture, Sofy East Africa Limited, in collaboration with Toyota Tsusho Corporation and CFAO Kenya Limited. This venture aims to expand Unicharm’s business in Kenya and neighboring countries by enhancing local production and distribution capabilities. The initiative is expected to promote the spread of sanitary products in the region, support women’s social advancement, and address social issues, thereby strengthening Unicharm’s market position in East Africa.

The most recent analyst rating on (JP:8113) stock is a Buy with a Yen5100.00 price target. To see the full list of analyst forecasts on Unicharm stock, see the JP:8113 Stock Forecast page.

More about Unicharm

Unicharm Corporation operates in the personal care industry, focusing on the manufacture and sale of feminine care, baby care, and wellness care products. The company is known for its premium sanitary napkins and has been expanding its market presence in regions like Kenya.

Average Trading Volume: 5,309,911

Technical Sentiment Signal: Sell

Current Market Cap: Yen2072.1B

For detailed information about 8113 stock, go to TipRanks’ Stock Analysis page.