Saturday
Nov 22nd
Home 
The Business of Health Japan's Sugi Pharmacy assigned A2 issuer rating, outlook stable - Moody's
The Business of Health Japan's Sugi Pharmacy assigned A2 issuer rating, outlook stable - Moody's | Japan's Sugi Pharmacy assigned A2 issuer rating, outlook stable - Moody's |
|
|
|
The rating also takes into account the revision to the Pharmaceutical Affairs Law and medical system reform as it may increase competition in the pharmacy and drugstore industry and pressure earnings, Moody's said.
However, the ratings agency added that Sugi Pharmacy's proven management expertise and business model should allow the company to manage these risks, while capturing additional business opportunities resulting from the changing business environment. Therefore, it expects Sugi Pharmacy's healthy, stable operating performance to continue for the medium term, Moody's said. It said Sugi Pharmacy plans to expand its home medical care business while potentially possessing substantial operating risk and this may provide the company with new revenue in the longer term. While Sugi Pharmacy has a dominant market position in Chukyo, Moody's said it feels the company needs to strengthen its franchises in Kanto and Kansai. Moody's said it recognizes Sugi Pharmacy has a rather strong appetite for mergers & acquisitions, as evidenced in its medium-term business strategy. However, Moody's said it expects the company will take a disciplined approach in implementing growth strategies while maintaining a conservative financial policy. This e-mail address is being protected from spam bots, you need JavaScript enabled to view it arc/alo http://www.tradingmarkets.com/ |
| Next > |
|---|
Latest News
Syndicate
