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Forty Enterprises Selected under the 2020 Health & Productivity Stock Selection Program

March 2, 2020

The Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) have jointly been selecting outstanding listed companies engaging in a health and productivity management program. The program encourages enterprises to 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 the 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 2020 Selection is the sixth such selection, and METI hereby announces that 40 enterprises in 30 industries were selected as brands under the 2020 Health & Productivity Stock Selection.

1. Outline of the Health & Productivity Stock Selection program

Under the Health & Productivity Stock Selection program, METI and the TSE have jointly been selecting outstanding listed companies engaging in a health and productivity management program. The program encourages enterprises to focus on and strategically carry out efforts regarding their employees’ health from a management perspective. Under the program, METI and the TSE recognize such outstanding TSE-listed enterprises in terms of health and productivity management and introduce 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 the TSE aim to raise social recognition of enterprises engaging in health and productivity management and to thereby encourage enterprises to further engage in health and productivity management.

This program has been conducted as part of efforts based on the Action Plan of the Growth Strategy, which was established in June 2019.

Prior to the selection, METI conducted the FY2019 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 40 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 the 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 respective industries, in terms of the level of health and productivity management, based on the results of the Survey on Health and Productivity Management and select enterprises that have earned higher than average scores.

*Note: METI conducted the FY 2019 Survey on Health and Productivity Management (FY2019 Research Project for Assessing the Health and Productivity of Enterprises), targeting all listed and other enterprises in Japan (3,776 enterprises* as of August 30, 2019*).

<Selection criteria>

METI and the TSE selected:

  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 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 2020 Selection (40 enterprises in 30 industries, in the order of industries)

Industry Brand code Enterprise Number of selected times
Fishery, agriculture and forestry 1332 Nippon Suisan Kaisha, Ltd. 2nd time
Mining 1605 INPEX Corporation 1st time
Construction 1887 JDC Corporation 1st time
Food 2502 Asahi Group Holdings, Ltd. 3rd time
2802 Ajinomoto Co., Inc. 4th time
2871 Nichirei Corporation 1st time
Fabricated textile products 3591 Wacoal Holdings Corp. 5th time
Pulp and paper 3891 Nippon Kodoshi Corporation 1st time
Chemicals 4452 Kao Corporation 6th time
4461 DKS Co. Ltd. 1st time
Medicines 4528 Ono Pharmaceutical Co., Ltd. 1st time
Petroleum and coal products 5020 JXTG Holdings, Inc. 2nd time
Rubber products 5110 Sumitomo Rubber Industries, Ltd. 1st time
Glass and clay products 5332 TOTO Ltd. 6th time
Iron and steel 5482 Aichi Steel Corporation 1st time
Non-ferrous metals 5802 Sumitomo Electric Industries, Ltd. 1st time
Metal products 5947 Rinnai Corporation 4th time
Machinery 6146 DISCO Corporation 2nd time
Electrical equipment 4902 Konica Minolta, Inc. 5th time
6448 Brother Industries, Ltd. 3rd time
6645 OMRON Corporation 2nd time
6856 HORIBA, Ltd. 2nd time
7751 Canon Inc. 2nd time
Transportation equipment 6902 Denso Corporation 4th time
Precision machines 4543 Terumo Corporation 6th time
Other products 7936 ASICS Corporation 3rd time
Electricity and gas 9531 Tokyo Gas Co., Ltd. 2nd time
Land transport 9005 Tokyu Corporation 6th time
Information and communication 4689 Z Holdings Corporation 2nd time
9687 KSK Co., Ltd. 2nd time
9719 SCSK Corporation 6th time
Wholesale trade 3167 TOKAI Holdings Corporation 1st time
Retail trade 8252 Marui Group Co., Ltd. 3rd time
Banking 8411 Mizuho Financial Group, Inc. 3rd time
Securities, commodity futures dealers 8601 Daiwa Securities Group Inc. 6th time
Insurance institutions 8630 Sompo Holdings, Inc. 2nd time
8766 Tokio Marine Holdings, Inc. 5th time
Other financial services 8566 Ricoh Leasing Company Ltd. 4th time
Real estate 3289 Tokyu Fudosan Holdings Corporation 1st time
Services 2432 DeNA Co., Ltd. 2nd time

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