Fifty Enterprises Selected under the 2022 Health & Productivity Stock Selection

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1. Outline of the Health & Productivity Stock Selection

METI and 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 and recognizing them 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 public recognition of enterprises that are engaging in health and productivity management and to thereby encourage enterprises to further engage in such activities.

 

2. Method for selecting enterprises under the 2022 Health & Productivity Stock Selection

Prior to the final selection, METI conducted the FY2021 Survey on Health and Productivity Management*, and based on those results, made the selection from the top 20% of listed enterprises with the highest levels of health and productivity management on a one-company-per-industry basis. In addition to health and productivity management, these enterprises were also assessed on their ROE (return on equity), response to the previous year’s survey, and level of disclosure of management information to the public.
METI also selected enterprises in each industry that performed better than the average of the highest-ranking enterprises as recognized brands under the Health & Productivity Stock Selection.

<Major 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 with an average ROE (return on equity) that is 0% or higher for the past three years or has not declined for the past three consecutive years
3. Enterprises must not have committed any serious legal violations

3. List of the selected enterprises under the 2022 Selection (50 enterprises in 32 industries, in the order of industry)

Industry	Brand code	Enterprise	Number of selected times
Fishery, agriculture and forestry	1332	Nippon Suisan Kaisha, Ltd.	4th time
	1333	Maruha Nichiro Corporation	1st time
Mining	1605	INPEX Corporation	3rd time
Construction	1969	Takasago Thermal Engineering Co., Ltd.	1st time
Food	2502	Asahi Group Holdings, Ltd.	5th time
Fabricated textile products	8111	GOLDWIN Inc.	1st time
Pulp and paper	3880	Daio Paper Corporation	2nd time
Chemicals	4204	Sekisui House, Ltd.	2nd time
	4452	Kao Corporation	8th time
	4461	DKS Co. Ltd.	3rd time
	4901	FUJIFILM Holdings Corporation	2nd time
Medicines	4151	Kyowa Kirin Co., Ltd.	1st time
Oil and coal products	5019	Idemitsu Kosan Co., Ltd.	1st time
Rubber products	5110	Sumitomo Rubber Industries, Ltd.	2nd time
Glass and clay products	5334	NGK SPARK PLUG Co., Ltd.	1st time
Iron and steel	5411	JFE Holdings, Inc.	2nd time
Non-ferrous metals	5715	Furukawa Co., Ltd.	1st time
Metal products	3436	SUMCO Corporation	1st time
	5957	Nittoseiko Co., Ltd.	2nd time
Machinery	6381	ANEST IWATA Corporation	1st time
Electrical equipment	4902	Konica Minolta, Inc.	7th time
	6508	Meidensha Corporation	2nd time
	6645	OMRON Corporation	4th time
	6701	NEC Corporation	1st time
	6724	Seiko Epson Corp.	1st time
	6857	Advantest Corporation	1st time
	7751	Canon Inc.	4th time
Transportation Equipment	7282	TOYODA GOSEI Co., Ltd.	1st time
Precision machines	7701	Shimadzu Corporation	2nd time
Other products	7951	Yamaha Corporation	1st time
Electricity and gas	9509	HEPCO Hokkaido Electric Power Co., Inc.	1st time
Land transport	9022	Central Japan Railway Company	1st time
Maritime transport	9104	Mitsui O.S.K. Lines, Ltd.	2nd time
Air transport	9201	Japan Airlines Co., Ltd.	4th time
Information and communications	4689	Z Holdings Corporation	4th time
	9682	DTS Corporation	1st time
	9687	KSK Co., Ltd.	4th time
	9719	SCSK Corporation	8th time
Wholesale trade	3167	TOKAI Holdings Corporation	2nd time
	8015	Toyota Tsusho Corporation	2nd time
Retail trade	8252	Marui Group Co., Ltd.	5th time
Banking	8527	Aichi Bank, Ltd.	1st time
Securities, commodity futures dealers	8601	Daiwa Securities Group Inc.	8th time
Insurance institutions	8630	Sompo Holdings, Inc.	4th time
	8766	Tokio Marine Holdings, Inc.	7th time
Other financial services	8566	Ricoh Leasing Company Ltd.	6th time
Real estate	3289	Tokyu Fudosan Holdings Corporation	3rd time
Services	2412	Benefit One Inc.	3rd time
	6078	Value HR Co., Ltd.	2nd time
	8769	Advantage Risk Management Co., Ltd.	1st time

Link to related information

• Health & Productivity Stock Selection 2022 poster (1) (in Japanese)(PDF:7,857KB)
• Health & Productivity Stock Selection 2022 poster (2) (in Japanese)(PDF:627KB)

Division in Charge

Healthcare Industries Division, Commerce and Service Industry Policy Group