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- 49 Enterprises Selected under the 2023 Health & Productivity Stock Selection
49 Enterprises Selected under the 2023 Health & Productivity Stock Selection
March 8, 2023
The Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) have jointly been selecting outstanding listed enterprises engaging in a health and productivity management program, also known as “KENKO Healthcare Strategy”, 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. This program aims to 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 encourage enterprises to further engage in health and productivity management.
The 2023 Selection is the ninth such selection, and METI hereby announces that 49 enterprises in 31 industries were selected as brands for the 2023 Health & Productivity Stock Selection.

1. Method for selecting enterprises under the 2023 Health & Productivity Stock Selection
Prior to the final selection, METI conducted the FY2022 Survey on Health and Productivity Management*. In light of the results of the survey, the selection was made on the basis of one enterprise per industry(*2) from listed companies within the top 500 applicants (in the large enterprise category) with the highest levels of health and productivity management.Note 2: 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
- Having no records of major legal violations;
- Being positioned within the top 500 applicants (in the large enterprise category) with the highest levels of health and productivity management;
- Having an average ROE (return on equity) that is 0% or higher for the past three years or not having declined for the past three consecutive years. Additional points to be given to enterprises with a high ROE;
- Additional points to be given based on the assessment of whether they responded to the previous fiscal year’s survey and the degree of information disclosure to outside stakeholders.
2. List of the selected enterprises under the 2023 Selection (49 enterprises in 31 industries, in the order of industry)
Industry | Brand code |
Enterprise | Number of times selected |
---|---|---|---|
Fishery, agriculture and forestry | 1332 | Nippon Suisan Kaisha, Ltd. | 5th time |
Mining | 1605 | INPEX Corporation | 4th time |
Construction | 1887 | JDC Corporation | 3rd time |
Food | 2269 | Meiji Holdings CO., Ltd. | 1st time |
2502 | Asahi Group Holdings, Ltd. | 6th time | |
2587 | SUNTORY BEVERAGE & FOOD Ltd. | 1st time | |
2871 | NICHIREI CORPORATION | 3rd time | |
Fabricated textile products | 8111 | GOLDWIN Inc. | 2nd time |
Pulp and paper | 3891 | Nippon Kodoshi Corporation | 3rd time |
Chemicals | 4043 | Tokuyama Corporation | 1st time |
4461 | DKS Co. Ltd. | 4th time | |
4901 | FUJIFILM Holdings Corporation | 3rd time | |
4912 | Lion Corporation. | 1st time | |
Medicines | 4151 | Kyowa Kirin Co., Ltd. | 2nd time |
Oil and Gas products | 5019 | Idemitsu Kosan Co., Ltd. | 2nd time |
Rubber products | 5186 | NITTA Corporation | 1st time |
Glass and clay products | 5332 | TOTO LTD | 8th time |
Iron and steel | 5406 | KOBE STEEL, LTD | 4th time |
Non-ferrous metals | 5801 | FURUKAWA ELECTRIC CO., LTD. | 2nd time |
5802 | Sumitomo Electric Industries, Ltd. | 2nd time | |
Metal products | 3436 | SUMCO CORPORATION | 2nd time |
Machinery | 6381 | ANEST IWATA Corporation | 2nd time |
Electrical equipment | 6645 | Omron Corporation | 5th time |
6724 | Seiko Epson Corp. | 2nd time | |
6965 | Hamamatsu Photonics K.K. | 1st time | |
7751 | Canon Inc. | 5th time | |
Transport equipment | 7203 | TOYOTA MOTOR CORPORATION | 2nd time |
Precision machines | 7701 | Shimadzu Corporation | 3rd time |
Other products | 7951 | Yamaha Corporation | 2nd time |
Electricity and gas | 9532 | OSAKA GAS CO.,LTD. | 1st time |
Maritime transport | 9104 | Mitsui O.S.K Lines, Ltd. | 3rd time |
Air transport | 9201 | Japan Airlines Co., Ltd. | 5th time |
9202 | ANA HOLDINGS INC. | 2nd time | |
Information and communications | 4432 | WingArc1st Inc. | 1st time |
9434 | SoftBank Corp. | 1st time | |
9687 | KSK Co., Ltd. | 5th time | |
9719 | SCSK Corporation | 9th time | |
Wholesale trade | 8002 | Marubeni Corporation | 2nd time |
8015 | Toyota Tsusho Corporation | 3rd time | |
8031 | MITSUI & CO., LTD. | 1st time | |
Retail trade | 8252 | Marui Group Co., Ltd | 6th time |
Banking | 8316 | Sumitomo Mitsui Financial Group, Inc. | 1st time |
Securities, commodity futures dealers | 8604 | NOMURA HOLDINGS, INC. | 1st time |
Insurance institutions | 8766 | Tokio Marine Holdings, Inc. | 8th time |
Other financial services | 8566 | Ricoh Leasing Company Ltd. | 7th time |
Real estate | 8801 | Mitsui Fudosan Co., Ltd. | 1st time |
Services | 2168 | Pasona Group Inc. | 1st time |
6078 | Value HR Co., Ltd | 3rd time | |
8769 | Advantage Risk Management Co., Ltd | 2nd time |
3. " Health & Productivity Management Award 2023" to be Held
Date:
Thursday, March 9, 2023
Part I (Health & Productivity Management): 1:00 p.m. to 3:40 p.m.
Part 2 (Health & Productivity Stock Selection) 4:30 p.m. to 6:10 p.m.
Venue:
Iino Hall (Iino Building, 1-1, Uchisaiwai-cho 2-chome, Chiyoda-ku, Tokyo)Organizer: Ministry of Economy, Trade and Industry (METI)
Co-organized by: Tokyo Stock Exchange, Nippon Kenko Kaigi
In cooperation with:
Ministry of Health, Labour and Welfare, Nikkei Inc.
Program (tentative)
[Part I: Health and Productivity Management] from 1:00 p.m. to 3:40 p.m.
- Speeches by organizers/co-organizers/invited guests
- Announcement of certified enterprises (large-enterprise category)
- Presentation of certificates to the representative enterprise
- Presentation of case examples/Panel discussion “Ask professionals about health and productivity management efforts and information disclosure to increase corporate value!”
<Panelists>
- Ms. OKUNO Yoko, Health Management Committee Secretariat, Personnel Strategy Office, General Affairs and Personnel Management Department, Tsuzuki Electric Co.
- Mr. SATO Mitsuhiro, General Manager, Health Management Promotion Department and Chief Manager, Human Resources Management Division, Fujitsu General Limited.
- Mr. SASAKI Keiichi, Copywriter, Lyricist, Part-time Lecturer at Sophia University, Representative of Ugokasu, Author of "How to Communicate 90%"
<Moderator>
- Mr. MORI Koji, Professor, Institute of Industrial Ecological Science, Institute of Occupational and Environmental Health, Japan
- Announcement of certified enterprises (SME category)
- Presentation of certificates to the representative enterprise
- Presentation of case examples/Panel discussion “How to involve people in realizing health and productivity management”
<Panelists>
- Ms. TAKAGI Ayako, Managing Director, Takagi Construction
- Ms. MIKAMI Hazuki, Representative Director, BIKEI Corporation
- Mr. MURAMATSU Kenji, Funded Researcher, Data Health Research Unit, Future Vision Research Center, The University of Tokyo
- Mr. NAKAYAMA Shinya, Representative Director, Nakayama Kozai / President, Rakuten University, Rakuten Group
<Moderator>
- Ms. ENOKIDO Noriko, News anchor
[Part II: Health and Productivity Stock Selection]
from 4:30 p.m. to 6:10 p.m.- Speeches by organizers/co-organizers
- Special lecture “Health and Productivity Management, and Investment”
- by Mr. FUJINO Hideto, President and CEO, Rheos Capital Works Inc.
- Speech by presenter
- by Mr. Hajime Moriyasu, Coach of Samurai Blue (Japan National Team)
- Announcement of certified enterprises (2023 Health and Productivity Stock Selection)
- Congratulatory speech
- Speech by the representative enterprise
- Photo session
*Applications from the press should be directed to the secretariat of the event.
Secretariat of the Health and Productivity Management Award
E-mail: actionseminar@nex.nikkei.co.jp

Related Link
- Secretariat for Certification of Health & Productivity Stock Portal Site "ACTION! Health and Productivity Management”
- Health & Productivity
Division in Charge
Healthcare Industries Division, Commerce and Service Industry Policy Group