- CEO
- Tomohiro Minesaki
- Full Time Employees
- 974
- Sector
- Health technology
- Industry
- Pharmaceuticals: major
- Address
- 15-12 Idegawa Town Matsumoto NA Japan 390-0826
- IPO Date
- Nov 7, 2014
- Business
- Elan Corporation (TSE: 6099) provides nursing care and healthcare-related services primarily in Japan, specializing in hospitalization support sets known as CS Sets that include rental with laundry services for clothing, towels, diapers, and daily necessities for patients in hospitals and nursing care facilities such as geriatric health care facilities, special nursing homes for the elderly, fee-based nursing homes, group homes, and care houses; it also offers optional services including hospitalization and nursing care expenses guarantee through CS Set R service, trouble guarantee via CS Set LC service, original patient clothing brand lifte, clothing rental for stays under Smile Wear, and an online mail-order shop for nursing care products. Founded in 1995 and headquartered in Matsumoto, Nagano Prefecture, Japan, the company operates from 28 head offices and sales branches nationwide, serving 428,000 users across 2,320 contracted facilities with a 15.0% market penetration, the highest in the industry, and extends operations into Southeast Asia including Vietnam through subsidiaries like TMC Viet Nam Trading and Service Joint Stock Company, alongside group companies such as ELAN COULEUR Corporation, ELAN LOGISTICS Corporation, and GREEN LAUNDRY Joint Stock Company. In recent developments, Elan became a consolidated subsidiary of M3 Inc. (TSE: 2413) following the successful tender offer (TOB) completed on October 21, 2024, at JPY 1,040 per share, with M3 acquiring over 33 million shares to combine resources for cross-selling, new business creation, CS Set enhancements, competitive strengthening, and overseas expansion support; additionally, it increased its stake in Classico, a white coat developer, to 41.3% with 14.9% voting rights as of June 2024, and pursued investments in India including BIHS with Toppan Printing and MSI for hospital e-commerce, Quick Smart Wash Pvt. Ltd. in 2021 for in-hospital laundry, and Akal Information Systems Ltd. in 2023 for IT staffing, while achieving 17 consecutive years of sales and profit growth with FY2024 sales of JPY 47,513 million and 1,150 employees.