Japan’s largest LSP, Honyaku Center, starts to bounce back from Covid slump ahead of relaxed border controls starting June 1, 2022. Translation demand reported to be “generally firm.”
Sales in Honyaku Center’s core translation business continue to decline, down 9.5% to USD 50m for 9 months to December 2020, but pharma orders up 2.4% to USD 20m. FY 2020 forecast upgraded to USD 91m.
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