HomeHealthy LifeToyota Tsusho: acquires shares in healthcare company Good Life Design
Toyota Tsusho: acquires shares in healthcare company Good Life Design
August 2, 2022
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.
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
number of stocks
number of stocks
Toyota Motor Corporation
Toyota Tsusho Corporation
Good Life Design overview
Name of the company
Good Life Design Co., Ltd.
Toyota City, Aichi Prefecture
President and CEO Hiroshi Higuchi
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.
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.
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