Integrated Report 2026

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Our Story, Made Visible

From specialized medical equipment to healthcare IT solutions to research tools,
our brands help people make better healthcare decisions and deliver higher-quality care.
Our goal is a future where high-quality healthcare is accessible to all.
We partner with scientists and medical professionals to provide precision healthcare technology where it is needed most.
Together, we are powering the future of healthcare.

Highlight

Manufacturing at the Matsuyama Factory: Continuously Evolving Through Precision Technology and On-Site Capabilities

Manufacturing at the Matsuyama Factory:
Continuously Evolving Through Precision Technology
and On-Site Capabilities

The Source of Our Value Creation: Process Technology and a Vertically Integrated Model

The blood glucose monitoring (BGM) systems manufactured by PHC Corporation and sold by Ascensia support approximately 10 million people with diabetes in over 90 countries and regions.
What gives the Matsuyama factory, which plays a central role in manufacturing these systems, its strong competitive edge?
In this special feature, we take a behind-the-scenes look at the Matsuyama factory, which continues to lead and support PHC Group’s competitiveness and value creation.

CEO’s Letter

Growing PHC Group Into a Recognized Leader
in Precision Technology for Healthcare

President, Representative Director, and CEO
PHC Holdings Corporation

Kyoko Deguchi

Kyoko Deguchi

Our Value Creation

PHC Group's Value Creation Process

PHC Group's Value Creation Process

PHC Group is leveraging these strengths and taking action
to help solve healthcare challenges around the world.
We develop products and services with stakeholders
and deliver value along the entire healthcare journey.

How do we create value and contribute in each area?

In these three focus areas, PHC Group contributes to improving healthcare quality and accessibility while enhancing cost-effectiveness by enabling appropriate condition management and early detection of disease, delivering accurate and rapid testing and measurement, and driving efficiencies in research practice and drug discovery.

Close-Up on PHC Group’s Value Contribution Areas

Corporate Strategy

Koichiro Sato

Be a Leader in Precision Technology
That Powers the Future of Healthcare
and Maximize Stakeholders’ Joyspan

Senior Executive Vice President,
Representative Director, COO, CSO
PHC Holdings Corporation

Koichiro Sato

Key Initiatives
  1. Structural reform to strengthen the profit base
  2. Improve portfolio management
  3. Focus on Diagnostics & Life Sciences
Kaiju Yamaguchi

Improving Profitability and Capital Efficiency
to Build a Sustainable Growth Foundation
that Earns Market Confidence

Director, Senior Executive Corporate Officer,
and Chief Financial Officer (CFO)
PHC Holdings Corporation

Kaiju Yamaguchi

Ryuichi Hirashima

The Path to Remaining an Employer of Choice

Senior Executive Corporate Officer,
Chief Administrative Officer (CAO),
Chief Human Resources Officer (CHRO),
and Chief Technology Officer (CTO),
PHC Holdings Corporation

Ryuichi Hirashima

Sustainability

Takahide Watanabe

Building Management Foundations
to Support the Future of Healthcare

Corporate Officer,
PHC Holdings Corporation

Takahide Watanabe

PDFDOWNLOAD

The PDF files of the Integrated Report can be downloaded from the following links.

Theme for Integrated Report 2026
Our Story, Made Visible

Information Disclosure Framework

PHC Group provides information through a variety of disclosure channels to address the diverse information needs of our stakeholders. We have organized our disclosure channels according to their respective purposes and the information they provide, including this Integrated Report, which presents an overview of the Group as well as our medium- to long-term value creation and growth strategies, financial information, ESG initiatives, and governance framework. We hope this guide will help you identify the most appropriate source of information for your specific needs.

Key Information Needs of Stakeholders Informational Materials
Gain an overview of PHC Group Company guide (brochure) Company overview presentation
Understand our medium- to long-term value creation
Understand our strategies and track the progress of the Value Creation Plan
Integrated Report
(this document)
  • Integrated Report(this document)
Check our latest financial results Financial Results Presentation Materials
Review priority matters Timely disclosure documents (investor relations information)
Access comprehensive and detailed data Securities reports (Japanese only) Investor relations web page
Learn about ESG initiatives Sustainability web page
Review governance structures and effectiveness Corporate governance reports
Governance initiatives
Review agenda items and decision-making rationale from shareholder meetings Convocation notices (business reports) Shareholder newsletters

About the Cover and Page Design

Integrated Report 2026 Cover

The glowing colors at the center represent a flame burning at the heart of our operations. This flame serves as a source of energy for co-creation with colleagues and micron-level attention to detail, in pursuit of a healthy future for all. The hands forming the base symbolize the manufacturing expertise behind our precision technology. The entire design expresses how we infuse our technology with a passion for excellence, creating a secure and promising future.

Editorial Policy
Through this report, we seek to deepen stakeholders' understanding of PHC Group, a global group of healthcare companies with roots in Japan, and of our strategies and initiatives to realize our vision. In preparing this report, key departments and management have collaborated closely to ensure that both the editorial process and the content are appropriately and transparently presented.
Report Period
April 1, 2025 to March 31, 2026 (including certain information and developments occurring after the reporting period)
Organizations Covered
PHC Holdings Corporation and our consolidated subsidiaries (collectively called PHC Group)
Guidelines Referenced
Integrated Reporting Framework, Guidance for Collaborative Value Creation
Publication Date
October 2026
Disclaimer
This report contains forward-looking statements regarding our plans, strategies, and performance forecasts. Unless otherwise stated, forward-looking statements include PHC Group’s assumptions, future prospects, and estimates based oninformation available to PHC Group as of the date of publication, as well as PHC Group’s plans and projections. There is no guarantee that the statements contained in this report will be achieved. Due to various factors, forward-looking statements may differ significantly from actual results. Therefore, investors are advised not to rely completely on these forward-looking statements. The information on products (including those under development) contained in this report is for the purpose of sharing company information and is not intended for advertising or promotional purposes.

Editorial Note

On the Publication of the Integrated Report 2026

Core Production Team of the Integrated Report 2026

Core Production Team of the Integrated Report 2026

We would like to express our heartfelt gratitude to everyone, both inside and outside PHC Group, who contributed to the creation of the “Integrated Report 2026,” as well as to all our stakeholders who continue to support us.

In this report, the fourth for PHC Group, we aim to communicate the essence of precision technology, the source of our value creation, from multiple perspectives and workplaces.

Technology as we define it is not limited to just product specifications and manufacturing processes. It is a comprehensive capability that unites our 60-year history of manufacturing with our persistent drive to take on challenges, pride in quality, and sincere commitment of each individual to solving social problems. In this report, we feature the faces and voices of employees to help readers feel a more personal connection to the strengths and inspiration manifested in our daily work.

The special feature on the Matsuyama Site provides a detailed behind-the-scenes look at how we have combined our highly precise technology and organizational culture to generate innovative value. In interviews, our CxOs discuss our medium- to long-term management strategies, along with previews of the future in which our business, technology, and human resources are fully integrated.

On the topic of governance, through an interview with a corporate auditor, we present a look at the discussions conducted to date to improve the effectiveness of our oversight and auditing processes.

Going forward, PHC Group is committed to continuing to support research, medical care, and healthcare settings around the world. Above all, we seek to contribute to human health so that we may continue to deserve the trust of society. We hope that this Integrated Report will serve as a helpful resource in deepening your understanding of and engagement with PHC Group.