METI Announces the Twenty-Four Enterprises Selected for the 2017 Health & Productivity Stock Selection！

Under the Health & Productivity Stock Selection program, METI and TSE have jointly selected, on a one-company-per-industry basis, outstanding TSE-listed enterprises engaging in health and productivity management programs in which enterprises focus on and strategically carry out efforts with regard to their employees’ health from a management perspective. Under the program, METI and TSE recognize such outstanding TSE-listed enterprises in terms of their health and productivity management and promote the selected enterprises as an attractive investment option for investors who prioritize the improvement of corporate value from a long-term perspective. Through this effort, METI and TES aim to raise public recognition of enterprises engaging in health and productivity management and to thereby further promote such management programs.

This program is one of the initiatives for “extending the healthy life-span of the people”, a goal set in the Japan Revitalization Strategy.

The 2017 Selection is the third such selection, and the 24 enterprises in 24 industries were selected for the 2017 Health & Productivity Stock Selection.

Prior to the selection, METI conducted the FY2016 Survey on Health and Productivity Management* and assessed the responses collected through this survey based on five criteria: [i] the positioning of health and productivity management in management philosophy and policies, [ii] organized frameworks established for tackling health and productivity management issues, [iii] specific systems established for ensuring health-conscious management as well as measures introduced for implementing them, [iv] measures established for assessing and improving health and productivity management, and [v] adherence to laws and regulations and risk management. The 24 outstanding enterprises were selected based on these criteria as well as financial performance evaluations which were taken into consideration.

*Note: METI conducted the FY2016 Survey on Health and Productivity Management (FY2016 Research Project for Assessing the Health and Productivity of Enterprises), targeting all listed enterprises in Japan (3,640 enterprises as of August 26, 2016).

Selection criteria

1. Enterprises ranking in the top 20% of all the enterprises that answered the Survey on Health and Productivity Management in terms of scores derived from the overall rating system
2. Enterprises whose ROE (return on equity) is at least 8%, or equal to the past three-year median value in their industry

Note: In addition, enterprises should not have committed any serious legal violations.

Brand code	Enterprise	Industry	Selected year
			2017	2016	2015
1925	Daiwa House Industry Co., Ltd.	Construction	•
2120	NEXT Co., Ltd.	Services	•	•
2651	Lawson, Inc.	Retail trade	•	•	•
2802	Ajinomoto Co., Inc.	Food	•
3591	Wacoal Holdings Corp.	Fabricated textile products	•	•
4452	Kao Corporation	Chemicals	•	•	•
4507	Shionogi & Co., Ltd.	Pharmaceuticals	•	•
4543	Terumo Corporation	Precision machines	•	•	•
5195	Bando Chemical Industries, Ltd.	Rubber products	•
5332	TOTO Ltd.	Glass and clay products	•	•	•
5406	Kobe Steel, Ltd.	Iron and steel	•	•	•
5947	Rinnai Corporation	Metal products	•	•
6287	Sato Holdings Corporation	Machinery	•
6448	Brother Industries, Ltd.	Electrical equipment	•
6902	Denso Corporation	Transportation equipment	•
7862	Toppan Forms Co., Ltd.	Other products	•	•
8001	ITOCHU Corporation	Wholesale trade	•	•
8601	Daiwa Securities Group Inc.	Securities, futures commodity transaction dealers	•	•	•
8766	Tokyo Marine Holdings, Inc.	Insurance institutions	•	•
8840	Daikyo Incorporated	Real estate	•
9005	Tokyu Corporation	Land transport	•	•	•
9201	Japan Airlines Co., Ltd.	Air transport	•	•	•
9531	Tokyo Gas Co., Ltd.	Electricity and gas	•
9719	SCSK Corporation	Information and communications	•	•	•

• Reference: TSE news release (in Japanese)

*Note: The term “health and productivity management” is a registered trademark of the Workshop for the Management of Health on Company and Employee.

February 21, 2017

Healthcare Industries Division, Commerce and Information Policy Bureau