Forty-Eight Enterprises Selected under the 2021 Health & Productivity Stock Selection

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1. Outline of the Health & Productivity Stock Selection

METI and the TSE have jointly been selecting outstanding listed enterprises engaging in excellent efforts as a health and productivity management program in which enterprises focus on and strategically carry out efforts with regard to their employees’ and other workers’ health from a management perspective as brands under the Health & Productivity Stock Selection. Under the program, METI and TSE introduce the selected enterprises as attractive investment options to investors who prioritize the improvement of corporate value from a long-term perspective. Through this effort, METI and 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.

2. Method for selecting enterprises under the 2021 Health & Productivity Stock Selection

Prior to the selection, METI conducted the FY2020 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 48 outstanding enterprises were selected after being sorted by these criteria as well as by their financial performance and other points as additional criteria.

METI and the TSE have been selecting outstanding enterprises as brands under the program through the following procedure: on a one-company per industry basis, 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 scores above the average.

Major 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 with an ROE (return on equity) being not lower than 0% for the past three-year average; etc.

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

3. List of the selected enterprises under the 2021 Selection (48 enterprises in 29 industries, in the order of industry)

Industry	Brand code	Enterprise	Number of selected times
Fishery, agriculture and forestry	1332	Nippon Suisan Kaisha, Ltd.	3rd time
Mining	1605	INPEX Corporation	2nd time
Construction	1887	JDC Corporation	2nd time
Food	2502	Asahi Group Holdings, Ltd.	4th time
	2802	Ajinomoto Co., Inc.	5th time
	2871	Nichirei Corporation	2nd time
Fabricated textile products	3591	Wacoal Holdings Corp.	6th time
Pulp and paper	3891	Nippon Kodoshi Corporation	2nd time
Chemicals	4204	Sekisui House, Ltd.	1st time
	4452	Kao Corporation	7th time
	4461	DKS Co. Ltd.	2nd time
	4901	FUJIFILM Holdings Corporation	1st time
Medicines	4506	Sumitomo Dainippon Pharma Co., Ltd.	1st time
Rubber products	5195	Bando Chemical Industries, Ltd.	4th time
Glass and clay products	5332	TOTO Ltd.	7th time
Iron and steel	5471	Daido Steel Co., Ltd．	1st time
Metal products	5957	Nittoseiko Co., Ltd.	1st time
Machinery	6271	Nissei Corporation	1st time
Electrical equipment	4902	Konica Minolta, Inc.	6th time
	6448	Brother Industries, Ltd.	4th time
	6508	Meidensha Corporation	1st time
	6645	OMRON Corporation	3rd time
	6702	Fujitsu Limited	1st time
	7751	Canon Inc.	3rd time
Transportation equipment	7203	Toyota Motor Corporation	1st time
Precision machines	4543	Terumo Corporation	7th time
	7701	Shimadzu Corporation	1st time
Other products	7911	Toppan Printing Co., Ltd.	2nd time
Electricity and gas	9502	Chubu Electric Power Co., Inc.	1st time
Land transport	9005	Tokyu Corporation	7th time
Maritime transport	9104	Mitsui O.S.K. Lines, Ltd.	1st time
Information and communication	4013	Nittsu System Co., Ltd.	1st time
	4689	Z Holdings Corporation	3rd time
	9432	Nippon Telegraph and Telephone Corporation	1st time
	9687	KSK Co., Ltd.	3rd time
	9719	SCSK Corporation	7th time
Wholesale trade	2768	Sojitz Corporation	1st time
	8015	Toyota Tsusho Corporation	1st time
Retail trade	2651	Lawson, Inc.	4th time
	8252	Marui Group Co., Ltd.	4th time
Banking	8411	Mizuho Financial Group, Inc.	4th time
Securities, commodity futures dealers	8601	Daiwa Securities Group Inc.	7th time
Insurance institutions	8630	Sompo Holdings, Inc.	3rd time
	8766	Tokio Marine Holdings, Inc.	6th time
Other financial services	8566	Ricoh Leasing Company Ltd.	5th time
Real estate	3289	Tokyu Fudosan Holdings Corporation	2nd time
Services	2412	Benefit One Inc.	2nd time
	6078	Value HR Co., Ltd.	1st time

• Reference: TSE news release (in Japanese)

Link to related information

• Brands of the Health & Productivity Stock Selection (in Japanese)

Division in Charge

Healthcare Industries Division, Commerce and Service Industry Policy Group