February 21, 2019
The Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) have been jointly selecting exceptional TSE-listed enterprises engaged in health and productivity management in which enterprises focus on and strategically carry out efforts regarding their employees’ health from a management perspective as brands under the Health & Productivity Stock Selection program. Under the program, METI and TES introduce the selected enterprises as attractive investment options for investors who prioritize the improvement of corporate value from a long-term perspective. Through this effort, METI and TES aim to encourage enterprises to further engage in health and productivity management.
The 2019 Selection is the fifth such selection, and METI hereby announces that 37 enterprises in 28 industries were selected as brands of the 2019 Health & Productivity Stock Selection.
1. Outline of the program
Under the Health & Productivity Stock Selection program, METI and TSE have jointly been selecting outstanding listed companies engaging in a health and productivity management program 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 TES recognize such outstanding TSE-listed enterprises in terms of health and productivity management and introduce the selected enterprises as attractive investment options for investors who prioritize the improvement of corporate value from a long-term perspective. Through this effort, METI and TES aim to raise social recognition of enterprises engaging in health and productivity management and to thereby further encourage such programs..
This program has been conducted as one of the measures under the Future Investment Strategy 2018 policy.
Prior to the selection, METI conducted the FY2018 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 37 outstanding enterprises were selected after being sorted by these criteria as well as by their financial performance and other points as additional criteria.
From the 2019 Selection, METI and TSE started new selection of outstanding enterprises through the following procedure: on a one-company per industry basis as before, they calculate the average score of enterprises that have earned the highest score in terms of the level of health and productivity management by industry based on the results of the Survey on Health and Productivity Management and select enterprises that have earned higher scores above the average.
*Note: METI conducted the FY 2018 Survey on Health and Productivity Management (FY2018 Research Project for Assessing the Health and Productivity of Enterprises), targeting all listed and other enterprises in Japan (3,740 enterprises as of August 27, 2018).
METI and the TSE selected:
- Enterprises ranking in the top 20% of all enterprises that answered the Survey on Health and Productivity Management in terms of scores derived from the overall rating system;
- Enterprises whose ROE (return on equity) is not lower than 0% as the past three-year average; etc.
Note: Additionally, enterprises should not have committed any serious legal violations.
2. List of the selected enterprises under the 2019 Selection (37 enterprises in 28 industries, in numerical order by brand code)
|Industry||Brand code||Enterprise||Selected year|
|Fishery, agriculture and forestry||1332||Nippon Suisan Kaisha, Ltd.||●|
|Construction||1820||Nishimatsu Construction Co., Ltd.||●|
|Food||2802||Ajinomoto Co., Inc.||●||●||●|
|Fabricated textile products||3591||Wacoal Holdings Corp.||●||●||●||●|
|Pulp and paper||3880||Daio Paper Corporation||●|
|Medicines||4507||Shionogi & Co., Ltd.||●||●||●||●|
|Petroleum and coal products||5020||JXTG Holdings, Inc.||●|
|Rubber products||5195||Bando Chemical Industries, Ltd.||●||●||●|
|Glass and clay products||5332||TOTO Ltd.||●||●||●||●||●|
|Iron and steel||5411||JFE Holdings, Inc.||●||●|
|Non-ferrous metal||5801||Furukawa Electric Co., Ltd.||●|
|Electrical equipment||4902||Konica Minolta, Inc.||●||●||●||●|
|6448||Brother Industries, Ltd.||●||●|
|Transportation equipment||6902||Denso Corporation||●||●||●|
|Precision machines||4543||Terumo Corporation||●||●||●||●||●|
|Other products||7936||ASICS Corporation||●||●|
|Electricity and gas||9502||CHUBU Electric Power Co., Inc.||●|
|Land transport||9005||Tokyu Corporation||●||●||●||●||●|
|Information and communication||4689||Yahoo Japan Corporation||●|
|9687||KSK Co., Ltd.||●|
|Wholesale trade||8060||Canon Marketing Japan Inc.||●||●|
|Retail trade||8252||Marui Group Co., Ltd.||●||●|
|Banking||8379||Hiroshima Bank Ltd.||●|
|8411||Mizuho Financial Group, Inc.||●||●|
|Securities, futures commodity transaction dealers||8601||Daiwa Securities Group Inc.||●||●||●||●||●|
|Insurance institutions||8630||Sompo Holdings, Inc.||●|
|8725||MS&AD Insurance Group Holdings, Inc.||●|
|8766||Tokio Marine Holdings, Inc.||●||●||●||●|
|Other financial services||8566||Ricoh Leasing Company Ltd.||●||●||●|
|Real estate||8860||Fuji Corporation Limited||●||●||●|
|Services||2432||DeNA Co., Ltd.||●|
Note: The term “health and productivity management” is a registered trademark of the Workshop for the Management of Health on Company and Employee.
Division in Charge
Healthcare Industries Division, Commerce and Service Industry Policy Group