Mizuho

What Mizuho does

Mizuho Corporation (ミズホ株式会社) is a privately held Japanese medical device manufacturer founded in 1919, headquartered in Bunkyo-ku, Tokyo. The company develops, manufactures, sells, and provides after-sales service for surgical equipment, with core product lines spanning multi-purpose operating tables (MOT series, including the MOT-VS500), the Sugita Titanium Aneurysm Clip franchise for neurosurgery, specialized orthopedic operating tables via subsidiary Mizuho OSI, neurovascular micro guidewires, surgical instruments, and the Surgical Brain System (SBS). Mizuho holds an estimated 65% domestic market share in operating tables in Japan and approximately 40% global market share in titanium aneurysm clips, with cumulative Sugita Clip shipments exceeding 3 million units across approximately 70 countries. The company also operates an IoT-enabled next-generation surgical platform called SCOT (Smart Cyber Operating Theater), co-developed with five Japanese universities and eleven industry partners.

The business model is anchored in direct B2B sales of capital equipment and high-value consumable implants to hospitals and medical centers, supplemented by after-sales service revenue through Mizuho Service Europe GmbH in the EMEA region. Revenue is generated primarily through hardware sales and managed services, with pricing conducted via quote-based negotiations rather than public listing. The go-to-market combines eight regional sales and support centers across Japan with wholly-owned regional entities (Mizuho America, Mizuho Asia, Mizuho EMEA) and distributor relationships internationally. Mizuho reported FY2025 sales revenue of JPY 16.4 billion (~$109M USD) with approximately 600 employees, and is led by President & CEO Hiroshi Nemoto. Manufacturing is vertically integrated in Japan across factories in Sakura (Chiba Prefecture) and Gosen (Niigata Prefecture). Mizuho also supplies veterinary surgical equipment exclusively in Japan and participates in government-backed ODA/JICA medical infrastructure grants in developing markets.

The company holds key regulatory certifications including U.S. FDA 510(k) clearance (since 1984), EU MDR certification (2024), and ISO 13485, supporting its global distribution. The most recent material strategic action was the January 2025 integration of the sales division of Mizuho Medical Co., Ltd. into the parent corporation's international sales division, consolidating commercial operations under a single entity. The company remains privately held with no identified external investors, parent company, or public market listing.

Name

Mizuho

Legal name

Mizuho Corporation (ミズホ株式会社)

Website

https://mizuho.co.jp

Company type

Private

Founded year

1919

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Mizuho Corporation is a privately held Japanese medical device manufacturer founded in 1919, producing operating tables, Sugita Titanium Aneurysm Clips, neurosurgical instruments, and orthopedic implants. It holds approximately 65% domestic operating table share in Japan and 40% global share in aneurysm clips, serving hospitals across 70+ countries.

Ownership category

akta.pro rank

Product category

Medical Devices

NAICS

Surgical and Medical Instrument Manufacturing (339112), Surgical Appliance and Supplies Manufacturing (339113), Electromedical and Electrotherapeutic Apparatus Manufacturing (334510), Medical Equipment and Supplies Manufacturing (3391)

SIC

Surgical & Medical Instruments & Apparatus (3841), Orthopedic, Prosthetic & Surgical Appliances & Supplies (3842), Electromedical & Electrotherapeutic Apparatus (3845)

akta.pro primary industry

Open & Minimally Invasive Surgical Instruments (Handheld, Laparoscopic, MIS) (HLAHADAA)

akta.pro secondary industries

Surgical Navigation, Robotics & Patient-Matched Instrumentation (Ortho/Spine) (HLAHAEAL), Orthopedic Trauma & Extremities Fixation (Plates/Screws/Nails/External Fixation) (HLAHAEAB)

Keywords

• Medical devices
• Surgical instruments
• Operating tables
• Neurosurgery equipment
• Orthopedic implants

Headquarters

HQ city

Tokyo

HQ country

Japan

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Medical Equipment Sales: Direct sales of operating tables, surgical instruments, implants, and related medical equipment to hospitals and healthcare facilities globally through regional sales organizations and distributors.
2. After-Sales Service: Mizuho Service Europe GmbH (MSE) provides after-sales service support for operating tables in EMEA region. Service includes installation, maintenance, and technical support.
3. Veterinary Medical Devices: Specialized surgical and orthopedic equipment for veterinary clinics, sold exclusively within Japan.

Go-to-market motion2 records

Distribution channels6 records

Marketing channels5 records

Core offering

Mizuho develops, manufactures, sells, and provides after-sales service for medical equipment including multi-purpose operating tables, the Sugita titanium aneurysm clip line for neurosurgery, orthopedic and spinal implants, neurovascular devices, and general surgical instruments. The company supplies hospitals and medical centers in approximately 70 countries through direct sales offices and regional subsidiaries.

Product overview

Mizuho Corporation is a Japanese medical device manufacturer founded in 1919, specializing in operating room equipment and surgical instruments. The company's core product portfolio includes multi-purpose operating tables (MOT series) and specialized orthopedic tables through Mizuho OSI, along with the flagship Sugita Aneurysm Clip line for neurosurgery. Supporting product lines include neurosurgery head frames, neurovascular micro guidewires, orthopedic implants, and veterinary medical equipment. Mizuho operates with approximately 600 employees, generating 16.4 billion yen in sales, and maintains leading market positions with 65% domestic market share in operating tables and approximately 40% global share in aneurysm clips. The company distributes products globally through regional offices in Asia, EMEA, and the Americas, with manufacturing facilities in Japan.

Differentiator

Problem solved

Functional benefit

Brands

• Sugita Clip: World-leading titanium aneurysm clips for neurosurgery, holding approximately 40% global market share. Available in 134 varieties and sold in approximately 70 countries.
• Mizuho OSI
• Surgical Brain System (SBS)
• MOT-VS Series
• mizuho.pro

Products and services

• MOT-VS500 Series Operating Tables Multi-purpose operating tables with 530mm slide for imaging access, motorized kidney bridge, Trendelenburg positioning, 270kg lift capacity, and 250kg articulation. Used in general surgical procedures across hospitals and operating rooms.
• Mizuho OSI Specialized Orthopedic Operating Tables Specialized operating tables for orthopedic surgery including the TOMM (Thorac/Op/Micro/Mini) series, produced and distributed from Union City, California.
• Sugita Aneurysm Clip
• Neurosurgery Head Frames and Instruments
• Neurovascular Micro Guidewires
• Orthopedic Implants
• General Surgical Instruments
• Surgical Brain System (SBS)
• Veterinary Medical Equipment
• SCOT (Smart Cyber Operating Theater)

Quantifiable outcome

• 65% operating table market share in Japan
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Mizuho Medical Co., Ltd.coreStrategic or Co-development Partner · 1 January 2025Integration of sales division of Mizuho Medical Co., Ltd. into Mizuho Corporation's international sales division effective January 1, 2025. Creates unified sales organization for operating tables and neurosurgical products.
• Japan International Cooperation Agency (JICA)minorStrategic or Co-development Partner · 1 November 2024JICA partnered with Mizuho for ODA grants to provide medical equipment to developing countries. Mizuho provided MOT-5602BW operating tables to Republic of Marshall Islands and Moldova under JICA grant programs for healthcare infrastructure improvement.
• Tokyo Women's Medical University, Hiroshima University, Shinshu University (and 2 other universities)coreStrategic or Co-development Partner · 1 January 2014Joint development of SCOT (Smart Cyber Operating Theater) - next-generation surgical system. Five universities plus 11 companies collaborated with support from Japan Agency for Medical Research and Development to create IoT-enabled operating room technology.
• Dr. Kenichiro SugitacoreStrategic or Co-development Partner · 1 January 1973Co-development of Sugita Aneurysm Clip starting 1973. Dr. Sugita (then Nagoya University) collaborated with Mizuho (then Mizuho Ika Kogyo Co., Ltd.) to develop brain aneurysm clips. This partnership established Mizuho's neurosurgery product line.
• FUJIFILM Healthcare CorporationcoreTechnology or IntegrationContact representative for SCOT products. FUJIFILM Healthcare serves as the point of contact for inquiries about SCOT system products developed in partnership with Mizuho.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Integra LifeSciences: Integra is a leading neurosurgery device company with aneurysm clips, head frames, and neurosurgical instruments, directly comparable to Mizuho's Sugita Clip and neurosurgery equipment business.
• Getinge (Maquet): Getinge's Maquet brand is one of the world's leading operating table manufacturers and a direct competitor to Mizuho in multi-purpose and specialty surgical tables globally.
• Penumbra: Penumbra is a neurovascular device company whose microcatheters, aspiration systems, and embolization products compete with Mizuho's neurovascular line (Venture micro guidewires) and increasingly substitute for surgical aneurysm clipping.
• Trumpf Medical (Hillrom): Trumpf Medical is a specialist in operating tables and surgical lights with strong European presence, directly comparable to Mizuho's MOT table product line for hospital capital sales.

Broad incumbents

• STERIS: STERIS provides sterilization, surgical instruments, and OR integration solutions, comparable to Mizuho's surgical instrument portfolio and increasingly relevant as a competitor in OR digitization.
• Stryker Corporation: Stryker is a global medical device leader with a substantial surgical equipment and operating room portfolio, competing directly with Mizuho's MOT table and Mizuho OSI orthopedic table lines for hospital capital sales.
• B. Braun Melsungen: B. Braun is a global medical device and surgical instruments manufacturer with broad hospital offerings including OR equipment, surgical tools, and implants, overlapping with Mizuho's full surgical suite.
• Hillrom (Baxter): Hillrom (now part of Baxter) supplies hospital beds, surgical tables, and connected care solutions, overlapping with Mizuho's operating room equipment and integrated OR positioning.

Emerging players

• Karl Storz: Karl Storz is a leader in endoscopy and minimally invasive surgical visualization, adjacent to Mizuho's neurosurgery and surgical instrument business, particularly in keyhole/endoscopic procedures.

Regional players

• Nihon Kohden: Nihon Kohden is a leading Japanese medical electronics company with overlapping domestic hospital relationships and surgical monitoring equipment, comparable as a Japan-headquartered medtech peer in the same sales channels.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCdLdNysL-F5fHqDl3FZmOig
• LinkedInlinkedin.com/company/mizuho-corporation

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mizuho