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canada goose clearance Otsuka ekes out gain in Canada Goose Online Tokyo debut canada goose factory sale after canada goose clearance

buy canada goose jacket The lacklustre uk canada goose outlet first day pop was widely expected due to investor worries over Otsuka’s heavy reliance on Abilify, a schizophrenia drug Canada Goose Coats On Sale due to lose patent protection in Canada Goose Outlet 2015, and a general decline Canada Goose Parka in interest in initial public offerings in an economy plagued by deflation and stop start growth. „There are much fewer IPOs these days and many of them are not performing well. Before an IPO was a good investment opportunity, but not any more,” said Katsuhiko Mori, a fund manager at Daiwa SB Investments. „It’s hard to find a growing company that is doing an IPO canada goose coats on sale these days because canada goose black friday sale Japan’s economy buy canada goose jacket cheap is not growing. The task of finding new growth drivers rests with CEO Tatsuo Higuchi, a 60 year old former food chemist who has played a key role in canada goose uk black friday turning the family run domestic outfit into a global player in drugs and food with a market value of $14 billion. „Otsuka’s profit source should be solid until 2015 when Abilify’s patent protection ends, but many see uncertainty after that,” said canadian goose jacket Yoshinori Ogawa, an canada goose analyst at financial market research and information provider FISCO. The new drug will be injected into the body via a shot and need to be taken less frequently than Abilify, an Otsuka spokeswoman said, adding the company would likely apply canada goose outlet store for a patent in the United States. Higuchi said some of the cash could be used to buy rivals. „We will probably focus on smaller acquisitions rather than a megadeal worth several billion dollars,” he said. „Because just uk canada goose one acquisition won’t cheap canada goose uk be a solution for our business strategy.” IPO DOLDRUMS Japan’s IPO market has been in the doldrums for the past three years in the wake of the financial crisis, with the number of issues dropping to 20 in 2009 and 22 so far this year from 121 in 2007, Thomson Reuters data shows. 10, are also below their IPO price of 1,800 Canada Goose online yen, closing Wednesday down 0.9 canada goose clearance sale percent canada goose uk shop at 1,711 yen. That contrasts with Singapore and Hong Kong, where new listings are more buoyant and some investors are worried that bubbles are forming, a canada goose store reflection of the stronger prospects for growth in Asia outside Japan. Otsuka’s debut was supported, however, by the recently bullish Canada Goose sale trend for Japanese shares. The Nikkei is trading canada goose clearance near a seven month high and buy canada goose jacket has risen more than 12 percent over the canada goose uk outlet past six weeks as cheap Canada Goose foreign funds increase their buying of Tokyo shares. But investors are less likely to snap up drugmakers canada goose coats and other defensive shares when the market is rising, and the recent IPOs that have performed well have tended to be those companies targeting a niche market, as opposed to big, diversified firms. „Looking at long term growth prospects, there are many more attractive companies on the Tokyo market,” other than Otsuka, said Hiroaki Osakabe, a fund manager at Chibagin Asset Management. He declined to comment if his fund bought Otsuka shares. Otsuka, said it expects net profit to grow 18 percent to 79.7 billion yen in Canada Goose Jackets the year to March 2011 on revenue of 1.14 trillion yen, up 5 percent. Nomura Holdings, UBS AG and Morgan Stanley arranged the Otsuka IPO buy canada goose jacket.