Japanese Healthcare Low Leverage High Rewards

WIN-Partners

Market Cap: JP¥32.9b

Through its subsidiaries, distributes medical devices to medical institutions primarily in Japan.

Japan Lifeline

Market Cap: JP¥93.2b

A medical device company, engages in manufacturing and sale of medical device in Japan.

Yagami

Market Cap: JP¥24.8b

Operates as a specialized trading company in the educational market Japan, China, and internationally.

Suzuken

Market Cap: JP¥344.6b

Primarily engages in the distribution of pharmaceuticals in Japan and internationally.

Ship Healthcare Holdings

Market Cap: JP¥192.5b

Engages in the medical, healthcare, welfare, and nursing care businesses in Japan and internationally.

Nihon Kohden

Market Cap: JP¥223.2b

Engages in research and development, production, sales, and repair and maintenance of medical electronic equipment in Japan, North America, Latin America, Europe, Asia, and internationally.

BML

Market Cap: JP¥138.5b

Provides contract clinical testing and related services in Japan.

Advantage Risk Management

Market Cap: JP¥7.6b

Provides mental health management and disability support services in Japan.

MediPal Holdings

Market Cap: JP¥538.3b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

Create Medic

Market Cap: JP¥9.0b

Engages in the research, manufacturing, and sale of medical appliances in Japan, China, Vietnam, and internationally.

OLBA HEALTHCARE HOLDINGS

Market Cap: JP¥12.1b

Operates as a distributor of medical equipment and pharmaceuticals in Japan.

Vital KSK Holdings

Market Cap: JP¥74.5b

Engages in the wholesale and retail sale of pharmaceutical products in Japan.

Toho Holdings

Market Cap: JP¥265.9b

Engages in the wholesale distribution of pharmaceutical products in Japan.

Rion

Market Cap: JP¥45.1b

Develops, manufactures, sells, and services particle counters, medical equipment, and environmental equipment in Japan.

Shofu

Market Cap: JP¥68.9b

Manufactures and sells dental materials and equipment worldwide.

FALCO HOLDINGS

Market Cap: JP¥25.2b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Mani

Market Cap: JP¥166.1b

Engages in the manufacture and supply of surgical and dental instruments in Japan, Asia, Europe, North America, and internationally.

France Bed HoldingsLtd

Market Cap: JP¥41.2b

Through its subsidiaries, engages in the medical services and home furnishing and health businesses in Japan.

Hokuyaku Takeyama HoldingsInc

Market Cap: JP¥18.2b

Engages in the wholesale of pharmaceutical products and medical devices in Japan.

Care ServiceLtd

Market Cap: JP¥2.5b

Provides in-home care support and day services in Japan and internationally.

TOKAI

Market Cap: JP¥70.7b

Provides various healthy life services in Japan.

MedikitLtd

Market Cap: JP¥40.3b

Develops, manufactures, sells, and exports medical devices related to blood vessels and blood in Japan and internationally.

Alfresa Holdings

Market Cap: JP¥401.6b

Through its subsidiaries, engages in the manufacture, wholesale, marketing, and import/export of pharmaceuticals, diagnostic reagents, and medical devices/equipment in Japan and internationally.

Cosmo Bio CompanyLimited

Market Cap: JP¥6.9b

Operates as a life science trading company worldwide.

Sysmex

Market Cap: JP¥903.0b

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Ohki Healthcare HoldingsLtd

Market Cap: JP¥14.7b

Engages in the manufacture and sale of pharmaceuticals and other products.

ASO International

Market Cap: JP¥6.5b

Operates in dental orthodontics business in Japan.