Yakult Honsha (TSE:2267, Financial) (0.3%), which produces fermented milk beverages containing beneficial lactic acid bacteria, and other probiotics. The firm has moved beyond its roots to the fields of pharmaceuticals and cosmetics. Its results for the second fiscal quarter of 2019 (ending September 30, 2019), showed a decrease in sales and operating profit.
From Mario Gabelli (Trades, Portfolio)'s Gabelli Asset Fund 2019 annual shareholder letter.
