Japan's Hisamitsu falls on profit drop forecast

Hisamitsu Pharmaceutical Co

11/04/2018 06:01

** Shares of Hisamitsu Pharmaceutical Co Inc  4530.T  fall
8.3 pct to 7,830 yen, lowest since March 28
    ** Company forecasts 8.9 drop in operating profit to 24 bln
yen ($224.2 mln) for FY ending February 2019  urn:newsml:reuters.com:*:nXB0YK50DW
    ** As of previous close, the stock had risen 25 pct this
year
    ** As of 0451 GMT, about 264,000 shares have been traded,
compared with their 30-day moving average of 153,370 shares a
day
    ** Stock's 12-mth forward price-to-earnings ratio at 39.98,
compared with 32.86 at the end of last year

($1 = 107.0300 yen)

 ((Reuters
Messaging:ayai.tomisawa.thomsonreuters.com@reuters.net))