SX Brands 2025 and SX Nominated Companies Selected

1. Outline of SX Brands

SX is an initiative in which a company strives to improve long-term and sustainable corporate value by synchronizing the sustainability of society with that of itself while carrying out the necessary management and business reforms to achieve such synchronization.
METI and TSE have started a project to select SX Brands, a group of progressive companies that enhance their ability to generate growth capital in a sustainable manner through SX with the aim of improving corporate value.

We expect publicizing SX Brands will help disseminate the advanced initiatives for SX management of the outstanding companies among a wide range of other Japanese companies and further promote dialogues by the companies and their engagement with investors inside and outside Japan. This is expected to result in increased investment in Japan and a higher valuation of Japanese companies in capital markets.

2. Successful companies selected as SX Brands 2025

From September 18 to November 18, 2024, METI and TSE opened a call for TSE-listed companies to apply to become SX Brands 2025. We selected 13 companies as below from among the applicants as SX Brands 2025 based on the results of the examination conducted by the SX Brand Evaluation Committee

Sector	Code	Company Name
Other products	7936	ASICS Corporation
Foods	2802	Ajinomoto Co., Inc.*
Information and communications	9433	KDDI CORPORATION*
Information and communications	9434	SoftBank Corp.
Pharmaceutical	4568	DAIICHI SANKYO COMPANY, LIMITED*
Machinery	6367	Daikin Industries, Ltd.*
Electronic appliances	6762	TDK Corporation
Foods	2871	Nichirei Corporation
Services	2181	PERSOL HOLDINGS CO., LTD.
Rubber products	5108	Bridgestone Corporation*
Foods	2269	Meiji Holdings Co., Ltd.*
Retail trade	7453	Ryohin Keikaku Co.,Ltd.
Chemicals	4004	Resonac Holdings Corporation

*Selected for two consecutive years as an SX Brand 2024 and SX Brand 2025.
Note: Information on the selected companies is as of May 14, 2025.

3. SX Nominated Companies 2025

From among the applicants not selected as SX Brands 2025, the following two companies have been newly selected this year as SX Nominated Companies for their outstanding efforts that deserve special attention.

Sector	Code	Company Name
Services	6028	TechnoPro Holdings, Inc.
Glass and Ceramics Products	5332	TOTO LTD.

4. SX Brands 2025 Report

METI and the TSE aim to disseminate the advanced initiatives for SX of the outstanding companies among a wide range of other Japanese companies and further promote dialogues of the companies and their engagement with investors inside and outside Japan. To this end, we announced the SX Brands 2025 and also prepared and published the SX Brands 2025 Report, which introduces the selected companies’ initiatives.

• SX Brands 2025 Report (in Japanese)(PDF:141KB)

Note: An English translation of the SX Brands 2025 Report will be available by the end of May.

5．Related Links

• SX Brands
• Ito Review 3.0 (Ito Review SX Edition)(PDF:3,762KB)
• Guidance for Integrated Corporate Disclosure and Company-Investor Dialogue for Collaborative Value Creation 2.0(PDF:2,519KB)

Division in Charge

Corporate Accounting, Disclosure and CSR Policy Office, Economic and Industrial Policy Bureau