Sundrug（9989.JP）Earnings update： ongoing growth in sales and profit
UBS·2024-08-15 03:59
Global Research and Evidence Lab 14 August 2024 Sundrug Earnings update: ongoing growth in sales and profit Action: updating our forecast in light of Q1 results We are updating our forecast following Sundrug's Q1 results release. We only fine-tune our OP forecast and adjust our price target from ¥4,250 to ¥4,190. We maintain our Neutral rating. Investment overview: focus on improvements in Kirindo's enterprise value Sundrug is one of Japan's leading drugstores. The company operates discount stores as well a ...