Japanese Healthcare Low Leverage High Rewards

WIN-Partners

Market Cap: JP¥33.7b

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

Japan Lifeline

Market Cap: JP¥90.2b

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

Suzuken

Market Cap: JP¥330.3b

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

Yagami

Market Cap: JP¥24.7b

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

Ship Healthcare Holdings

Market Cap: JP¥192.7b

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

Nihon Kohden

Market Cap: JP¥221.6b

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¥133.1b

Provides contract clinical testing and related services in Japan.

MediPal Holdings

Market Cap: JP¥530.5b

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

OLBA HEALTHCARE HOLDINGS

Market Cap: JP¥11.8b

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

Create Medic

Market Cap: JP¥9.3b

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

Vital KSK Holdings

Market Cap: JP¥73.6b

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

Advantage Risk Management

Market Cap: JP¥7.3b

Provides mental health management and disability support services in Japan.

Shofu

Market Cap: JP¥71.4b

Manufactures and sells dental materials and equipment worldwide.

Toho Holdings

Market Cap: JP¥244.9b

Engages in the wholesale distribution of pharmaceutical products in Japan.

FALCO HOLDINGS

Market Cap: JP¥25.7b

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

Rion

Market Cap: JP¥48.0b

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

H.U. Group Holdings

Market Cap: JP¥174.0b

Operates healthcare business in Japan, the United States, Europe, and internationally.

Mani

Market Cap: JP¥168.6b

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¥40.9b

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

TOKAI

Market Cap: JP¥71.2b

Provides various healthy life services in Japan.

Care ServiceLtd

Market Cap: JP¥2.5b

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

Hokuyaku Takeyama HoldingsInc

Market Cap: JP¥18.2b

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

MedikitLtd

Market Cap: JP¥40.5b

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

Alfresa Holdings

Market Cap: JP¥397.0b

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¥7.0b

Operates as a life science trading company worldwide.

Sysmex

Market Cap: JP¥839.3b

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

Ohki Healthcare HoldingsLtd

Market Cap: JP¥15.1b

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

Nakanishi

Market Cap: JP¥246.4b

Engages in the manufacture and sale of dental, surgical, and general industrial products in Japan and internationally.