JOHNAN and Japanese Organization for Medical Device Development, Inc. (head office: Chuo-ku, Tokyo; “JOMDD”) decided to implement the allocation of new shares, mutually entering into the relevant stock subscription agreement. JOMDD is a medical device incubator in Japan, and one of their core businesses is to rejuvenate medical innovations and healthcare device industry, helping Japan become the world leader in the field.

The purpose of this capital increase is to enhance one of our future core businesses, healthcare related equipments, from prototypes for new products to prototypes for mass production by mutual cooperation. Understanding potential needs in healthcare and nursing care facilities, we take full advantage of JOMDD’s experiences, insights and knowledges of medical incubation business including investment, and promote the commercialization of their new medical devices.

As the demands on the healthcare industry are expected to increase, we will continue to make constant efforts and contributions to the society through developing and providing new products and services in this field.

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