1. Home
  2. News Releases
  3. Back Issues
  4. March FY2023
  5. 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 1: The survey uncovered enterprises' and other companies' efforts for strategically implementing employees' health 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

  1. Having no records of major legal violations;
  2. Being positioned within the top 500 applicants (in the large enterprise category) with the highest levels of health and productivity management;
  3. 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;
  4. 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
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
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


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.


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.





[Part II: Health and Productivity Stock Selection] 

from 4:30 p.m. to 6:10 p.m.
*Acceptance of applications from the public has already been closed.
*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メールリンク

Related Link

Note: The term "health and productivity management" is a registered trademark of the Workshop for the Management of Health on Companies and Employees.

Division in Charge

Healthcare Industries Division, Commerce and Service Industry Policy Group