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
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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% |
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