Meiji Holdings Co., Ltd. 2269

Meiji already holds a 15.9% stake in AustAsia Group, the parent company of the buyer.

The Tokyo-based group has cut its forecast for profits to shareholders but left its sales outlook unchanged.

The move will mean Meiji manufactures Hello Panda on the east coast of the US as well as in the west of the country.

Meiji Holdings (TSE:2269) released updated consolidated earnings guidance and declared a higher interim dividend, giving investors two key updates to weigh. Both announcements could influence sentiment around the stock's near-term outlook. See our latest analysis for Meiji Holdings. Meiji Holdings’ recent share price momentum has been modest, with a 6.05% gain over the past month but only a 2.60% total shareholder return for the year. The updated earnings guidance and higher interim dividend...