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HomeLatestJapan’s drugstores poised for development, says investor Orbis

Japan’s drugstores poised for development, says investor Orbis

TOKYO, Jul 19 (businesslive.co.za) –
The prospect of extra consolidation amongst Japan’s fragmented pharmacy trade is prone to increase the longer-term worth of the nation’s large gamers, Orbis Investment Management’s Japan chief says.

The feedback from Orbis’ Tsukasa Tokikuni present how the $63bn trade has grow to be more and more engaging to traders, whilst Japan’s inhabitants ages and shrinks, and retailer rollouts decelerate.

Market expectations for extra mergers within the sector have grown since Hong Kong-based activist investor Oasis Management launched a marketing campaign in opposition to Tsuruha Holdings, calling for a board reshuffle at one of many largest chains.

Bermuda-based Orbis, with $33bn in belongings underneath administration, has invested within the Japanese pharmacy sector for greater than twenty years together with Tsuruha, the place it now has a 5.6% stake.
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