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Towa Ramps Up Profit Expectations As It Enjoys Sustained Domestic Demand

Japanese Firm Also Forecasts Lower Than Anticipated Full-Year R&D Spend

 
• By Dave Wallace

As it delivered financial first-half results, Japan’s Towa raised its full-year forecast after seeing continued strong demand in Japan and in anticipation of a lower than predicted R&D spend.

Towa has revised up its profit expectations for this year (Shutterstock)

Improved volumes thanks to strong domestic demand for its generics and a lower-than-expected full-year R&D spend have pushed Japan’s Towa to raise its financial expectations for 2024, with the firm’s operating margin now set for 8.9% this year compared to a previous forecast of 7.5%.

Towa pointed to “growth in sales volume as demand for products at Towa Pharmaceutical continued to be high” in the first half of its financial year ending March 2025, bringing...

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