BUSINESS

Japan’s Big 4 Wholesalers Lower Operating Margin as COVID-19 Windfall Recedes

By Tatsuya Otsuka November 18, 2025
Japan’s four leading pharmaceutical wholesalers reported an average operating profit margin of 1.02% in their drug distribution businesses for the April-September first half of FY2025, according to a Jiho tally, slipping slightly from the same period a year earlier as…

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