AS ONE

Basic Information

Stock Code
7476
Industry
Wholesale
Category Detail
Pharmaceuticals & Medical Products Wholesalers
Prefecture
Osaka Prefecture
Establishment Year
June 1962
Listing Year
November 1995
Official Website
https://www.as-1.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Oruva Healthcare Holdings, DVx, Medias Holdings, Beauty Garage, Win Partners, Ship Healthcare Holdings, Shiawase Medical, Kissei, JCU, Kondo, Nihon Lifeline, Corantotte, Yamashita Healthcare Holdings

Overview

AS ONE is a leading company in the wholesale industry for scientific instruments and medical-related equipment, founded in 1962, with a wide range of products centered on laboratory equipment and medical and caregiving supplies.

Current Situation

AS ONE achieved consolidated sales of approximately 95.5 billion yen and net assets of approximately 64.6 billion yen in the fiscal year ending March 2024, operating its scientific and medical equipment wholesale business based in Osaka Prefecture. Its main business is the wholesale of medical equipment and supplies, with major customers including manufacturers, medical institutions, and caregiving facilities, maintaining market competitiveness. In recent years, it has expanded its calibration service business for measuring instruments, with e-commerce growth also contributing. Through technological innovation and subsidiary acquisition strategies, it has strengthened its wide lineup in industrial machinery and scientific instruments. It is also focusing on sustainability, actively engaging in environmental burden reduction and regional contribution activities. Looking toward 2030, it aims to enhance customer satisfaction through digitalization and service expansion, with group-wide growth through strengthened collaboration with affiliates as a key strategic challenge.

Trivia

Interesting Facts

  • History dates back to 1933 with Iuchi Seieido Shoten.
  • Triangular flask featured in Seven-Eleven's Love Live! collaboration gained attention.
  • Holds top-class share in scientific instrument wholesale in the Kansai region.
  • Expanding handling of semiconductor-related equipment beyond medical devices.
  • Transforming from catalog mail-order to digital with rising e-commerce ratio.
  • Measuring instrument calibration business highly evaluated technically in the industry.
  • Multi-faceted business development utilizing subsidiaries is characteristic.
  • Osaka headquarters location indicates strong ties with Kansai industry.
  • Group integration of Nikko Hansen and Custom through 100% subsidiaries.
  • Earned thick trust from the region through enthusiastic community contribution activities.

Hidden Connections

  • Member of the Sanwa Group, with strong influence on intra-industry corporate collaborations.
  • Expanded brand recognition among younger generation through Love Live! collaboration.
  • Collaborations with Kansai Electric Power Group companies in supply infrastructure.
  • Strengthened product rollout through sales agency contracts with major medical equipment manufacturers.
  • Deploying growth strategy leveraging fundraising power from listing.
  • Osaka City Nishi Ward headquarters area clusters many medical and science-related companies.
  • Subsidiary Iuchi Logistics handles improved delivery efficiency.
  • Established competitive edge in inspection and measurement fields through subsidiaries' technological strength.

Future Outlook

Growth Drivers

  • Increasing aging-related demand in medical and caregiving markets
  • Growing needs for equipment updates in scientific research institutions
  • Sales channel expansion through digital technology utilization
  • Rapid EC sales growth and customer base expansion
  • Expansion of industrial measuring instrument calibration business
  • Market expansion from deregulation and policy support
  • Maximizing synergies between group companies
  • Increasing demand for environmentally considerate products and services
  • Cautious consideration of overseas market entry
  • Business efficiency improvements to address labor shortages

Strategic Goals

  • Achieve sales exceeding 110 billion yen
  • Digital channel ratio centered on EC exceeding 50%
  • Accelerate new product development for medical and caregiving equipment
  • Become top-class in measuring instrument calibration business
  • Realize sustainable management and improve ESG ratings
  • Continue and expand community contribution activities
  • Further optimize logistics efficiency
  • Promote employee diversity and ensure comfortable work environment
  • Actively acquire international standard certifications
  • Strengthen one-stop service system through group collaboration

Business Segments

Scientific Instruments Wholesale

Overview
Wholesale centered on catalog mail-order for various R&D and testing instruments.
Competitiveness
Abundant product variety and fast delivery
Customers
  • Universities and Research Institutions
  • Pharmaceutical Companies
  • Chemical Manufacturers
  • Testing Organizations
Products
  • Microscopes
  • Spectrophotometers
  • Analytical Instruments
  • Consumables

Medical and Caregiving Supplies Wholesale

Overview
Stable supply of high-quality products to medical institutions and caregiving facilities.
Competitiveness
Regionally integrated total support
Customers
  • Hospitals
  • Clinics
  • Caregiving Facilities
  • Home Care Providers
Products
  • Caregiving Beds
  • Testing Equipment
  • Hygiene Materials
  • Rehabilitation Supplies

Industrial Measuring Instruments Wholesale

Overview
Sales and maintenance of inspection instruments for industry.
Competitiveness
Expansion of calibration services through technological strength
Customers
  • Manufacturers
  • Quality Control Departments
  • Testing Companies
  • Industrial Machinery Manufacturers
Products
  • Measuring Instruments
  • Testing Equipment
  • Calibration Services

Competitive Advantage

Strengths

  • Abundant catalog of scientific instruments
  • EC and direct sales distribution system
  • Business expansion through aggressive subsidiary strategy
  • High evaluation of customer service
  • Regionally dense logistics network
  • Long-term industry experience
  • Strength in measuring instrument calibration services
  • Diverse lineup of medical and caregiving equipment
  • Rapid delivery system
  • Stable financial base

Competitive Advantages

  • Established brand recognition as a catalog mail-order trading company
  • Broad market coverage through synergy of medical and scientific instruments
  • Strong market base in the Kansai region centered on Osaka headquarters
  • New business development leveraging synergies with group companies
  • Comprehensive after-sales service and technical support
  • Strengthened customer touchpoints through digital marketing and EC expansion
  • Revenue diversification through expansion of calibration services
  • Total service provision tailored to medical and caregiving markets
  • High stability and transparency in management
  • Rapid decision-making and flexible business strategy

Threats

  • Risk of market shrinkage due to Japan's declining population
  • Intensifying price competition from new entrants
  • Stricter medical-related regulations
  • Impact of exchange rate fluctuations on imported equipment prices
  • Need to keep pace with rapid technological advancements
  • Supply chain instability
  • Risk of patent and intellectual property infringement
  • Intensifying competition from overseas companies
  • Logistics delay risks from infectious disease outbreaks
  • Challenges in adapting to changes in customer purchasing behavior

Innovations

2023: Made Custom Co., Ltd. a wholly-owned subsidiary

Overview
Acquired 100% of Custom Co., Ltd., which manufactures and sells high-precision measuring instruments, to expand business.
Impact
Strengthened measuring instrument calibration business and expanded revenue base

2022: EC Platform Expansion

Overview
Strengthened the official AXEL shop online sales site to promote expansion of online sales channels.
Impact
Contributed to increased customer touchpoints and improved sales efficiency

2021: Rebuilt Measuring Instrument Calibration Facility

Overview
Rebuilt the Osaka measuring instrument calibration base to incorporate the latest technology and enhance functions.
Impact
Improved inspection accuracy and service provision capacity

2020: Made Subsidiary Triumph 21 a Wholly-Owned Subsidiary

Overview
Additional acquisition of shares in the subsidiary to expand the scope of consolidation and strengthen business development.
Impact
Contributed to improved sales power across the group

Sustainability

  • Building energy-saving logistics networks to reduce environmental impact
  • Promoting recycling to reduce medical waste
  • Strengthening community contribution activities
  • User protection through safe product provision
  • Internal environmental management and employee health promotion
  • Formulation of sustainable procurement policies
  • Thorough compliance training
  • Promoting diversity and better working conditions
  • Sponsorship of local events
  • Promotion of environmental certifications