Acquisition of All Shares of Dispensing Pharmacies Operator Yakuju Corporation

Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Masayuki Hyodo) has acquired all shares of Yakuju Corporation (Head Office: 1-9-18 Nishitsuruma, Yamato, Kanagawa; hereinafter, “Yakuju”), an operator of dispensing pharmacies located primarily in the Greater Tokyo Area, effective as of March 31, 2023.

Yakuju is operating around 150 dispensing pharmacies, mainly in Tokyo, Kanagawa and Saitama Prefectures, and has been launching advanced initiatives for pre-symptomatic states, disease prevention and a home dispensing service. Integrating know-how and bringing about synergies between Yakuju and Tomod’s, which is operating drugstores with a dispensing function as a member of the Sumitomo Corporation Group, will contribute to community healthcare and reinforce efforts for supporting people’s health.

In its “SHIFT 2023” medium-term management plan, Sumitomo Corporation lists healthcare as one of its next-generation growth strategy themes. The company has been working on business related to a community-based integrated care system, including the management of drugstore chains in Japan and the managed care business (Note) outside of Japan. By promoting DX at medical institutions and combining that with businesses such as these that use healthcare data, Sumitomo Corporation aims to build a sustainable healthcare system that contributes to improving individuals’quality of life.

Sumitomo Corporation’s Material Issues

Sumitomo Corporation Group positions “Six Material Issues to Achieve Sustainable Growth with Society” as an important factor in developing business strategies and in the decision-making process for individual businesses. Going forward, we will pursue sustainable growth by resolving these issues through our business activities. This project especially contributes to the following material Issues.

Achieving Harmony with the Global Environment

To realize recycling-oriented society and mitigate climate change, we are working to establish frameworks for the efficient use of resources and stable supply of renewable energy. In doing so, we will achieve growth in harmony with the global environment.

Contributing to the Development of Local Communities and Industries

We steadily procure and provide goods and services to meet the needs of people in various countries and regions and contribute to developing industrial platforms. Through these means, we will create a virtuous cycle in which we can grow and develop together with local communities.

Establishing a Foundation for Comfortable and Enriching Lifestyles

We strive to realize more convenient and comfortable lifestyles by providing goods and services for daily use while also responding to needs for high-quality lifestyles in order to support the physical and mental health of people around the world.

Providing Diverse “Accessibility”

We provide diverse accessibility to open up the possibility of creating new value. To this end, we will improve mobility for safe and efficient flow of people and goods, and expand the network connecting information and finance.

Developing Human Resources and Promoting Diversity

In order to create new value and innovation by allowing our diverse personnel to fully exercise their abilities in a variety of fields, we will promote the development and empowerment of human resources, which represent our most important management resources.

Enhancing Governance

We will enhance our ability to draft and implement strategies for achieving sustainable growth and to provide appropriate supervision of these strategies, all while maintaining transparency. In this manner, we will improve management efficiency and maintain sound management.