NIHON KOHDEN CORPORATION Nihon Kohden Corporation announced today that it will open a new sales branch of Nihon Kohden Singapore (NKS), one of its sales subsidiaries, aiming to apply for registration of medical devices smoothly and expand its sales in the Philippines. The new sales branch will start operations in January 2023.
Nihon Kohden established NKS in 1996, NKS Bangkok in 2013, and Nihon Kohden Malaysia in 2014, respectively, and has strengthened its business structure in Southeast Asia.
In Southeast Asia, the medical infrastructure has been developing in accordance with economic growth and the medical device market is expected to grow. In the Philippines, Nihon Kohden will obtain a Certificate of Medical Device Notification (CMDN), which is scheduled to take effect in April 2023, and expand its sales by opening a new sales branch.
Nihon Kohden's Three-year Business Plan, BEACON 2030 Phase I, calls for the Company to conduct strategic business expansion to meet medical needs in high growth emerging markets. The Company will continue to expand its overseas business by strengthening its local business structures and providing high quality advanced medical devices.
The effect of creation of the new sales branch on the consolidated results for the fiscal year ending March 31, 2023 will be minor.
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Nihon Kohden Corporation published this content on 20 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 December 2022 07:36:01 UTC.
