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    4578   JP3188220002

OTSUKA HOLDINGS CO., LTD.

(4578)
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Otsuka : Complete Introduction of CO2-free Electricity for All 23 Manufacturing Facilities in Japan -Contributing to a more than 40% reduction in annual CO2 emissions in Japan

06/09/2021 | 09:18am EDT

Otsuka Holdings Co., Ltd. (Head office: Chiyoda-ku, Tokyo; President and Representative Director, CEO: Tatsuo Higuchi) has completed introduction of CO2-free electricity at all manufacturing facilities of five subsidiary companies in Japan. Derived from renewable energy sources that do not produce CO2 emissions, CO2-free electricity*1 has been introduced at domestic manufacturing facilities of Otsuka Pharmaceutical Co., Ltd., Otsuka Pharmaceutical Factory, Inc., Taiho Pharmaceutical Co., Ltd., Otsuka Chemical Co., Ltd., and Otsuka Foods Co., Ltd.

The Otsuka group of companies has identified climate change, resource recycling and conservation, and water conservation as important areas (material issues) for environmental initiatives. Regarding climate change, the goal of a 30% global reduction by 2030*2 is the focus of proactive efforts to reduce CO2 emissions. Adoption of CO2-free electricity at manufacturing facilities, which tend to produce a higher volume of CO2 emissions, began in July 2019. The recent adoption of CO2-free electricity at the Taiho Pharmaceutical Inuyama manufacturing facility in Aichi Prefecture completes the introduction of CO2-free electricity at all 23 manufacturing facilities of five Otsuka subsidiary companies in Japan. In addition to CO2-free electricity, proactive efforts to reduce CO2 emissions include optimization of energy use through adoption of self-consuming solar power generation, cogeneration, and other fuel conversion systems*3. These combined efforts are predicted to result in a 41% reduction*4 in CO2 emissions during FY2021. Hereafter, proactive implementation of overseas initiatives is planned to ensure achievement of our global goals. The Otsuka group aims to rely on synergy generated by collaboration among group companies to contribute to a low-carbon, more sustainable society.

Contact:

Phone: +66 2 401 9560

(C) 2021 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2021 1 461 B 13 282 M 13 282 M
Net income 2021 158 B 1 434 M 1 434 M
Net cash 2021 285 B 2 591 M 2 591 M
P/E ratio 2021 16,7x
Yield 2021 2,07%
Capitalization 2 653 B 24 142 M 24 115 M
EV / Sales 2021 1,62x
EV / Sales 2022 1,53x
Nbr of Employees 33 151
Free-Float 75,4%
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Otsuka Holdings Co., Ltd. Technical Analysis Chart | 4578 | JP3188220002 | MarketScreener
Technical analysis trends OTSUKA HOLDINGS CO., LTD.
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Mean consensus HOLD
Number of Analysts 12
Last Close Price 4 891,00 JPY
Average target price 4 695,83 JPY
Spread / Average Target -3,99%
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Managers and Directors
Tatsuo Higuchi President, CEO & Representative Director
Yuko Makino Chief Financial Officer & Director
Ichiro Otsuka Chairman
Yukitakeshi Matsutani Independent Outside Director
Yasushi Sekiguchi Independent Outside Director