Shionogi and Co., Ltd.
TYO:4507 ISIN:JP3347200002
Shionogi & Co., Ltd, was established in 1887 and was incorporated in 1919. Shionogi is engaged in the manufacture of pharmaceuticals and agrochemicals. Operations are carried out through the following sectors: pharmaceuticals (antibiotics, OTC products, diagnostic and clinical testing products, animal health products, agrochemicals, industrial chemicals); capsules (health food, drugs); other (herbal animal medicines, real estate services). Pharmaceuticals accounted for 92% of fiscal 2001 revenues; capsules, 3% and other, 5%.
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US stocks overnight rose overnight as investors were looking for positive corporate results to fuel the rally after a disappointing start of the earnings season. A brokerage upgrade of drugmaker Merck & Co and an upbeat outlook from Kraft Foods Inc has helped to lift the healthcare and consumer sectors. Financial shares also climbed during a hearing over the financial crisis on Capitol Hill.
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