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November 18, 2022 | News & Notices Making Nissui Pharmaceutical as a Wholly-Owned Subsidiary
Expanding the Clinical Testing Business Based on Synergies between Analytical and Measuring Instruments and Culture Media/Reagents

On November 15, Shimadzu Corporation used the prerogative from a stock merger to make Nissui Pharmaceutical Co., Ltd. (hereinafter “Nissui Pharmaceutical,” with Head Office at Taito-ku, Tokyo, and President Tokuya Ono) as a wholly-owned subsidiary. In addition, the corresponding trade name changes and Director/Board Member changes were finalized on November 17 at the Nissui Pharmaceutical shareholders’ meeting. However, prior to the stock merger, Nissui Pharmaceutical stocks were delisted from the Tokyo Stock Exchange on November 11, in accordance with TSE delisting standards.

1. Purpose of Making Nissui Pharmaceutical a Wholly-Owned Subsidiary

Shimadzu Corporation has been engaged in releasing novel coronavirus detection kits and other countermeasures for infectious diseases, a current challenge facing society. Shimadzu has also promoted advanced healthcare businesses in fields such as disease prevention, diagnosis, and treatment. Given that analytical and measuring instruments are Shimadzu’s strongest product segment, adding Nissui Pharmaceutical, which has extensive sales channels in clinical markets and a wealth of technology and expertise related to reagents, as a wholly-owned subsidiary will increase the corporate value of Shimadzu Corporation by generating synergies in the following three business areas.

Three Business Areas and Synergy Examples

Clinical diagnostics: Offer solutions that combine Nissui Pharmaceutical’s reagents with Shimadzu’s liquid chromatograph mass spectrometers (LCMS), PCR testing systems, and other products.
Microbial testing: Deploy microbial testing culture media businesses outside Japan and use Nissui Pharmaceutical technologies to strengthen products for microbial identification using Shimadzu matrix-assisted laser desorption/ionization time-of-flight mass spectrometers (MALDI-TOF-MS).
Cellular analysis: Use Nissui Pharmaceutical culture media and Shimadzu cell testing systems to create culture medium-related businesses.

2. Overview of Nissui Pharmaceutical

Name: Nissui Pharmaceutical Co., Ltd.

President Tokuya Ono
Established April 6, 1935
Capital 4,449,844,000 yen
Address 3-24-6 Ueno, Taito-ku, Tokyo, Japan
Employees 235 (as of March 31, 2022)
Website https://www.nissui-pharm.co.jp/english/

3. New Trade Name (as of April 1, 2023)

Shimadzu Diagnostics Corporation

4. Changes in Director Appointments (as of November 17, 2022)

(1) Directors
Nissui Pharmaceutical President Tokuya Ono and Director Shin Saito will retain their posts.
Eiichi Shibasaki, Kazunori Kato, and Junichiro Yonekura, the three Nissui Pharmaceutical Outside Directors, will resign from their posts.
Three Directors will be newly appointed from Shimadzu, namely Yoshiaki Mase, Fuminori Inagaki, and Shunei Matoba.

(2) Audit & Supervisory Board Members
Nissui Pharmaceutical Standing Audit & Supervisory Board Member Wahei Toki, Outside Audit & Supervisory Board Member Takeshi Tayama and Shigetaka Misaka will resign from their posts.
Two Audit & Supervisory Board Members will be newly appointed from Shimadzu, namely Makoto Koyazaki and Komei Arakane.

Old New
Change Title Name Title Name
 

Representative Director
President, Chief Executive Officer

Tokuya Ono Representative Director
President, Chief Executive Officer
Tokuya Ono
  Director, Executive Officer Shin Saito Director, Executive Officer Shin Saito
Yes Outside Director (Part-Time) Eiichi Shibasaki Director (Part-Time) Yoshiaki Mase
Yes Outside Director (Part-Time) Kazunori Kato Director (Part-Time) Fuminori Inagaki
Yes Outside Director (Part-Time) Junichiro Yonekura Director (Part-Time) Shunei Matoba
Yes Standing Audit & Supervisory Board Member Wahei Toki Audit & Supervisory Board Member (Part-Time) Makoto Koyazaki
Yes Outside Audit & Supervisory Board Member Takeshi Tayama Audit & Supervisory Board Member (Part-Time) Komei Arakane
Yes Outside Audit & Supervisory Board Member Shigetaka Misaka