Toyota Tsusho: acquires shares in healthcare company Good Life Design







2022-08-02

Toyota Tsusho Corporation (“Toyota Tsusho”) announced today that it has entered into an agreement to acquire a 49% stake in Good Life Design Co., Ltd. (“Good Life Design”) from Mitsubishi Corporation. This transaction will be completed upon receipt of the approvals required for the transfer of shares from competition authorities both in Japan and abroad.

Toyota Tsusho has already completed the procedures for obtaining approvals from competition authorities both in Japan and abroad required for the share transfer.

1. Background

The Japanese healthcare industry market is expected to grow from about 25 trillion yen in 2016 to about 33 trillion yen in 2025, with significant future growth expected. As rapid aging in different areas of Japan leads to an increase in spending on social security benefits, there is a need to create social systems that meet different regional health needs and give people a sense of security to enjoy their lives.

2. Objectives and future prospects of equity participation

Good Life Design was established in 2002 as a joint venture between Toyota Motor Corporation and Mitsubishi Corporation with the aim of providing people with a “good life” where they can enjoy healthy and energetic working lives by promoting a new regional health model create. For more than 20 years, the company has been engaged in health, medical care and nursing as the Toyota Group’s healthcare company, first in and around Toyota City, and later in Nagoya City, Owari area, Osaka City , and the like.

Through this share acquisition, Toyota Tsusho, as a member of Toyota Group, intends to collaborate with the regional health platform developed by Good Life Design and create a new regional health model that is even more connected to the community for the modern era of healthy 100 years of life.

Share acquisition details

After acquisition

Before acquisition

number of stocks

participation rate

number of stocks

participation rate

Toyota Motor Corporation

2,652 shares

51%

2,652 shares

51%

Toyota Tsusho Corporation

2,548 shares

49%

Mitsubishi Corporation

2,548 shares

49%

In total

5,200 shares

100%

5,200 shares

100%

Good Life Design overview

Name of the company

Good Life Design Co., Ltd.

location

Toyota City, Aichi Prefecture

Established

June 2002

Representative

President and CEO Hiroshi Higuchi

business description

sale and management of drugs, parapharmaceuticals and medical supplies; pharmacy operation; sale, rental and management of medical devices, equipment and consumables; inpatient care services and inpatient care support under the Care Insurance Act; health screening services such as nursing advice, health checks, comprehensive medical examinations and health surveys for company employees; etc.

The information in this press release is current as of the date of the announcement.
Please note that information is subject to change after the date of announcement. Thank you in advance for your understanding.

Disclaimer

Toyota Tsusho Corporation published this content on August 02, 2022 and is solely responsible for the information contained therein. Distributed by the public, unedited and unmodified, on 02 Aug 2022 08:19:02 UTC.

Public now 2022

All news about TOYOTA TSUSHO CORPORATION

Sale 2023 8 460 B
64 232 m
64 232 m
Net income 2023 218B
1 653 million
1 653 million
Net Debt 2023 1 536 b
11 662 m
11 662 m
PER 2023 7.60x
Yield 2023 3.45%
capitalization 1 654 b
12 555 million
12 555 million
EV / Sale 2023 0.38x
EV / Sale 2024 0.35x
number of employees 65 218
free float 62.7%

Diagram TOYOTA TSUSHO CORPORATION
Duration :
Period :



Toyota Tsusho Corporation Technical Analysis Chart |  MarketScreener

Technical Analysis Trends TOYOTA TSUSHO CORPORATION

Short term medium term long term
tendencies bullish Neutral bearish



Development of the income statement

To sell

Obtain

Medium consensus EXCEED
Number of Analysts 7
Last closing price 4,700.00 JPY
Average target price 5,733.33 JPY
Spread / Average Target 22.0%


Add a Comment

Your email address will not be published.