UNICHARM CORP/S ADR (OTCMKTS:UNICY) was a notable mover during Tuesday’s trading session. The stock rallied by close to 1 percent on high volumes, which were 1.7 times the daily average. The stock has been trending sideways over the last week, indicative of the lack of conviction among bears and bulls. The stock is currently facing resistance at its 200 day moving average, whereas strong support emerges at levels of $4.032. The MACD indicator for the stock has given a sell signal which is a cause for concern for traders. Traders see the stock heading lower to levels of $4.08 in the near term.
UNICHARM CORP/S ADR (OTCMKTS:UNICY) announced financial results for the recently concluded third quarter of the fiscal year 2015. As per the reports, net sales for the three-month period were 529,071 million Yen.
When it comes to operating income, UNICHARM performed well and managed to report 49,878 million Yen. The ordinary income for the quarter was 40,486 million Yen while the net income was 17,576 Yen. The comprehensive income for the quarter was ¥12,105 million. In addition to this, the company also reported the asset position and other key figures. As per the reports, net assets at the end of the September quarter were worth 436,662 million Yen.
UNICHARM had to face a number of issues in different markets. In Japan, the economic growth remained steady after what happened in Greece and China a few months ago. The company introduced different high-value personal-care products in the market, which helped it achieve a decent revenue numbers in the country.
UNICHARM always focuses on providing the best possible products and services to customers around the world. Over the past few months when the market wasn’t responding as actively as it does, it stuck to the basic fundamental approach, which resulted in wonderful financial results.
When it comes to baby care products, company’s largest market is China. It went ahead with baby care specialized stores and internet sales to drive overall revenues. This initiative didn’t only enhance the sales, but also helped the company improve its service quality as well as customer base. In Japan, it followed a different strategy and opted for Air Silky material, which is very gentle on the baby skin. This initiative was also well appreciated by the customers.
It tried different tactics with healthcare products, fresh & clean products, pet care business and other business based on the market demand and customers requirements. The senior management of the company is pleased with these results and look forward to continuing this strategy in the coming months as well.