Ministry of Economy, Trade and Industry
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Announcement of the FY2014 Health & Productivity Stock Selection– Twenty-two outstanding, listed enterprises enhancing corporate value through health and productivity management –

logo:Health & Productivity Stock Selection

The Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) for the first time, jointly selected 22 enterprises as the“Brand of Companies Enhancing Corporate Value through Health and Productivity Management (Health & Productivity Stock Selection)” and on March 25, 2015, METI hereby announces the enterprises as below. This selection is part of the efforts set in the Japan Revitalization Strategy.

The Health & Productivity Stock Selection is a program in which METI and TSE select and introduce attractive enterprises to investors who prioritize improvement in corporate value from a long-term perspective. METI and TSE aim to make the program an incentive for more enterprises to undertake health and productivity management.

1. Outline of the brand

Under the program, METI and TSE select and publicize, by industry, outstanding enterprises from all enterprises listed on TSE (one enterprise per industry) that focus on employee health from the viewpoint of management and undertake strategic initiatives. It is hoped that the selected enterprises will vitalize business organizations, including enhancing the vitality and productivity of employees, leading to increased mid- to long-term performance and corporate value as well as improving the understanding and evaluation received from investors, which will contribute to improvements in stock prices.

Before selecting such enterprises, METI conducted a survey to ascertain the efforts related to maintaining the health of the employees,* targeting all listed enterprises, to assess their involvement in such efforts through uniting the management and the employees.

METI collected the answers of the survey from some of the target enterprises and scored the answers based on five criteria: [i] positioning of health and productivity management in management philosophy and policies; [ii] an organized framework established for tackling health and productivity management; [iii] specific systems established for ensuring health-conscious management as well as measures introduced for carrying them out; [iv] measures established for assessing and improving health and productivity management; and  [v] adherence to laws and regulations. Finally, it compared the survey scores from companies within each applicable industry, incorporating financial performance evaluations and finally selected the 22 outstanding enterprises.

*Note: METI conducted the survey to ascertain the current health-conscious efforts and achievements by the employees of all the listed enterprises, including those listed in stock exchanges other than TSE. This process was commissioned to a consortium titled “Research Project for Assessing the Health and Productivity of Enterprises,” represented by Nikkei Research Inc.

2. List of the selected enterprises (22 enterprises; in order of industries)

Brand codes Enterprises Industries
2502 Asahi Group Holdings, Ltd. Food
3402 Toray Industries, Inc. Fabricated textile products
4452 Kao Corporation Chemicals
4527 Rohto Pharmaceutical Co., Ltd. Drugs and medicines
5012 Tonen General Sekiyu K. K Petroleum and coal products
5108 Bridgestone Corporation Rubber products
5332 TOTO Ltd. Glass and clay products
5406 Kobe Steel, Ltd. Iron and steel
4902 Konica Minolta, Inc. Electrical equipment
7012 Kawasaki Heavy Industries, Ltd. Transportation equipment
4543 Terumo Corporation Precision machines
7936 ASICS Corporation Other products
9535 Hiroshima Gas Co., Ltd. Electricity and gas
9005 Tokyu Corporation Land transport
9201 Japan Airlines Co., Ltd. Air transport
9719 SCSK Corporation Information and communication
8002 Marubeni Corporation Wholesale trade
2651 Lawson, Inc. Retail trade
8306 Mitsubishi UFJ Financial Group, Inc. Banking
8601 Daiwa Securities Group Inc. Securities, futures commodity transaction dealers
8750 The Dai-ichi Life Insurance Company, Ltd. Insurance institutions
2170 Link and Motivation Inc. Services

Screening criteria

METI and TSE selected:

  1. Enterprises ranking in the top 20% of all the enterprises that answered the survey in terms of scores based on the overall rating system;
  2. Enterprises with ROE exceeding the past three-year average in the industry; and
  3. Enterprises that have not committed any serious legal violations.


Release date

March 25, 2015

Division in charge

Healthcare Industries Division, Commerce and Information Policy Bureau

Ministry of Economy, Trade and Industry
1-3-1 Kasumigaseki, Chiyoda-ku, Tokyo 100-8901, Japan Tel: +81-(0)3-3501-1511
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