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Japan Medical Device Technology

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uuid002gm9w

Namestring
Japan Medical Device Technology
Legal namestring
株式会社 日本医療機器技研
Websiteurl
jmdt.co.jp
Company typeenum
Private
Founded yearint
2014
Descriptiontext

Japan Medical Device Technology Co., Ltd. (株式会社 日本医療機器技研, JMDT) is a Kumamoto-based, privately held medical device R&D company that was reorganized from SEAM Chemical Research Institute in October 2014 and became a wholly-owned subsidiary of Kaneka Corporation (株式会社カネカ) in November 2023. The company specializes in the application of bioresorbable (生体吸収性) materials to high-function medical devices, with its core technical focus being the research and development of coronary stents (冠動脈ステント) used to treat cardiovascular conditions. Beyond its core stent program, JMDT provides commissioned contract development services (受託開発) for other medical devices, operating a B2B professional services model rather than a direct product-sales model.

JMDT's technology base is centered on proprietary bioresorbable material science, a specialized materials domain where the ability to engineer polymer-based implants that safely dissolve in the body is technically demanding and carries long development cycles. The company is anchored by a comprehensive partnership signed in September 2015 with Kumamoto Prefecture, Kumamoto University, and Fujilight Metal Co., Ltd., which provides academic research collaboration and talent access. Its headquarters sits in the Kumamoto New Business Support Facility D Building in Mashiki Town, Kumamoto Prefecture, and registered capital is 10 million yen.

The business model is a captive R&D services model: JMDT generates revenue primarily through commissioned research and development work rather than commercial product sales, with its parent Kaneka Corporation acting as the principal (and likely sole material) client. Pricing is not publicly disclosed and is negotiated on a project-by-project basis. The company employs between 11 and 50 staff and has no disclosed external venture funding or public listing. CEO 鈴木 和雄 (Suzuki Kazuo) leads the organization.

Short descriptiontext

Japan Medical Device Technology is a Kumamoto-based medical device R&D subsidiary of Kaneka Corporation, specializing in bioresorbable materials applied to coronary stents and other medical device contract development.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersKumamoto, Japan
HQ citystring
Kumamoto
HQ countrystring
Japan
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
bioresorbable medical devices, coronary stent development, contract medical device R&D, absorbable polymer implants, cardiovascular device research
Industry3 codes
1Coronary Stents & Drug-Eluting Technologies
CodeHLAHAFAAPrimaryYes
2Cardiovascular & Vascular Regeneration (vascular grafts, angiogenesis)
CodeHLAAAGAJPrimaryNo
3Biodegradable Medical & Hygiene Materials (absorbables, disposables substrates)
CodeIMAEAOALPrimaryNo
NAICS code2 codes
  • Surgical and Medical Instrument Manufacturing339112
  • Scientific Research and Development Services5417
SIC code2 codes
  • Surgical & Medical Instruments & Apparatus3841
  • Services-Commercial Physical & Biological Research8731
Product category
Medical Device Contract R&D
No data
Revenue model1 record
1Contract Development Services (受託開発)
TypeProfessional Services
Description

The company conducts commissioned R&D for medical devices on behalf of clients, likely including its parent company Kaneka Corporation. This is a B2B service model focused on research and development rather than product sales.

jmdt.co.jp
Cost components4 values
Personnel, Technology or R&D, Operations, Supply Chain
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

JMDT researches and develops medical devices built from bioresorbable (absorbable) materials, with a flagship coronary stent program intended to dissolve in the body after supporting the vessel. In parallel, the company offers contract medical device development services, applying its bioresorbable materials expertise and regulatory R&D capabilities to programs for partner firms.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

Japan Medical Device Technology (日本医療機器技研) operates as a single-product medical device company specializing in the research and development of bioresorbable material-based coronary stents. The company also provides contract development services for other medical devices. Founded in October 2014 and wholly owned by Kaneka Corporation since November 2023, the company leverages advanced expertise and cutting-edge technology to create high-functionality medical devices that contribute to regional economy and society.

Product and service1 record
1Bioresorbable Coronary Stent Development
Scale indicator3 records

Each record includes

Type, Value, Description, Source

Partnership4 partners
1Japan's AMED (Agency for Medical Research and Development)
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-05-07
Description

India-Japan bilateral cooperation: AMED signed Memorandum of Cooperation with India's ICMR and DST on health and medical devices during bilateral meeting in New Delhi (May 2026). Covers medical research collaboration in medical devices.

jmdt.co.jp
Strategic tierCoreTypeStrategic or Co-development Partner
Description

Comprehensive partnership agreement signed in September 2015 with Kumamoto Prefecture, Kumamoto University, and Fujilight Metal Co., Ltd. This partnership led to the establishment of JMDT's Kumamoto office and provides collaborative research ecosystem.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Comprehensive partnership agreement signed in September 2015. Provides academic collaboration, research talent, and university partnership for medical device R&D activities.

Strategic tierCoreTypeStrategic or Co-development Partner
Description

Comprehensive partnership agreement signed in September 2015 with Kumamoto Prefecture, Kumamoto University, and Fujilight Metal Co., Ltd. for collaborative medical device research and development.

Recent move5 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Developer of the DESolve bioresorbable coronary scaffold and other novel cardiovascular devices. Comparable specialty cardiovascular device developer with bioresorbable scaffold technology targeting the same end market.

TypeDirect peer
Description

India-headquartered medical device company developing the MeRes100 bioresorbable coronary scaffold. Directly comparable bioresorbable stent program and an emerging-market counterparty to JMDT for the AMED India-Japan partnership.

TypeBroad incumbent
Description

Major coronary stent manufacturer (Promus, Synergy) with deep clinical and hospital relationships. Represents the entrenched DES incumbent whose installed base JMDT's bioresorbable platform must compete against.

TypeBroad incumbent
Description

Global leader in coronary stents (Xience DES) and previously the Absorb bioresorbable scaffold. Defines the competitive benchmark for bioresorbable stent development and serves as the dominant incumbent JMDT's technology would have to displace or differentiate from.

TypeBroad incumbent
Description

Global medical device giant with the Resolute and Onyx coronary DES families and broad cardiovascular portfolio. Comparable as the third major incumbent setting the standard for next-generation coronary stent commercialization.

TypeEmerging player
Description

Pre-commercial developer of bioresorbable polymer-based coronary scaffolds (Fantom). Small specialty player with overlapping bioresorbable scaffold technology and similar commercialization-stage challenges to JMDT.

TypeOthers
Description

Parent company and 100% owner of JMDT; major Japanese chemicals and materials manufacturer with medical device operations including bioresorbable polymers. Relevant as the corporate acquirer and commercialization channel rather than a competitor.

TypeEmerging player
Description

UK-based developer of bioresorbable polymer scaffolds for vascular applications. Comparable emerging-stage R&D player in absorbable cardiovascular devices, illustrating the broader competitive set JMDT will encounter.

TypeRegional player
Description

China-headquartered developer and manufacturer of cardiovascular interventional devices including structural heart and peripheral products. Comparable Asia-based cardiovascular device developer operating in a neighboring geography to JMDT.

TypeDirect peer
Description

Japan-based developer of bioresorbable and novel coronary stent platforms. Closely comparable to JMDT in geography, scale, and product category, with overlapping R&D focus on absorbable cardiovascular scaffolds.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile3 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
Yes
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Feature1 record

Each record includes

Title, Differentiator, Description, Source

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles1 record

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

Japan Medical Device Technology

Medical Device Contract R&Djmdt.co.jp

Japan Medical Device Technology is a Kumamoto-based medical device R&D subsidiary of Kaneka Corporation, specializing in bioresorbable materials applied to coronary stents and other medical device contract development.

What Japan Medical Device Technology does

Japan Medical Device Technology Co., Ltd. (株式会社 日本医療機器技研, JMDT) is a Kumamoto-based, privately held medical device R&D company that was reorganized from SEAM Chemical Research Institute in October 2014 and became a wholly-owned subsidiary of Kaneka Corporation (株式会社カネカ) in November 2023. The company specializes in the application of bioresorbable (生体吸収性) materials to high-function medical devices, with its core technical focus being the research and development of coronary stents (冠動脈ステント) used to treat cardiovascular conditions. Beyond its core stent program, JMDT provides commissioned contract development services (受託開発) for other medical devices, operating a B2B professional services model rather than a direct product-sales model.

JMDT's technology base is centered on proprietary bioresorbable material science, a specialized materials domain where the ability to engineer polymer-based implants that safely dissolve in the body is technically demanding and carries long development cycles. The company is anchored by a comprehensive partnership signed in September 2015 with Kumamoto Prefecture, Kumamoto University, and Fujilight Metal Co., Ltd., which provides academic research collaboration and talent access. Its headquarters sits in the Kumamoto New Business Support Facility D Building in Mashiki Town, Kumamoto Prefecture, and registered capital is 10 million yen.

The business model is a captive R&D services model: JMDT generates revenue primarily through commissioned research and development work rather than commercial product sales, with its parent Kaneka Corporation acting as the principal (and likely sole material) client. Pricing is not publicly disclosed and is negotiated on a project-by-project basis. The company employs between 11 and 50 staff and has no disclosed external venture funding or public listing. CEO 鈴木 和雄 (Suzuki Kazuo) leads the organization.

Japan Medical Device Technology firmographics

Firmographics
Name
Japan Medical Device Technology
Legal name
株式会社 日本医療機器技研
Website
https://jmdt.co.jp
Company type
Private
Founded year
2014
Operating status
Operating
Headcount range
11–50 employees
Short description
Japan Medical Device Technology is a Kumamoto-based medical device R&D subsidiary of Kaneka Corporation, specializing in bioresorbable materials applied to coronary stents and other medical device contract development.
Ownership category
akta.pro rank

Japan Medical Device Technology industry classification

Industry
Product category
Medical Device Contract R&D
NAICS
Surgical and Medical Instrument Manufacturing (339112), Scientific Research and Development Services (5417)
SIC
Surgical & Medical Instruments & Apparatus (3841), Services-Commercial Physical & Biological Research (8731)
akta.pro primary industry
Coronary Stents & Drug-Eluting Technologies (HLAHAFAA)
akta.pro secondary industries
Cardiovascular & Vascular Regeneration (vascular grafts, angiogenesis) (HLAAAGAJ), Biodegradable Medical & Hygiene Materials (absorbables, disposables substrates) (IMAEAOAL)

Keywords

  • Bioresorbable medical devices
  • Coronary stent development
  • Contract medical device R&D
  • Absorbable polymer implants
  • Cardiovascular device research

Where Japan Medical Device Technology is headquartered

Location

Headquarters

HQ city
Kumamoto
HQ country
Japan
HQ region
Asia

Offices1 record

Markets served

Japan Medical Device Technology business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Technology or R&D, Operations, Supply Chain

Revenue model

  1. Contract Development Services (受託開発): The company conducts commissioned R&D for medical devices on behalf of clients, likely including its parent company Kaneka Corporation. This is a B2B service model focused on research and development rather than product sales.

Japan Medical Device Technology product offering

Product offering

Core offering

JMDT researches and develops medical devices built from bioresorbable (absorbable) materials, with a flagship coronary stent program intended to dissolve in the body after supporting the vessel. In parallel, the company offers contract medical device development services, applying its bioresorbable materials expertise and regulatory R&D capabilities to programs for partner firms.

Product overview

Japan Medical Device Technology (日本医療機器技研) operates as a single-product medical device company specializing in the research and development of bioresorbable material-based coronary stents. The company also provides contract development services for other medical devices. Founded in October 2014 and wholly owned by Kaneka Corporation since November 2023, the company leverages advanced expertise and cutting-edge technology to create high-functionality medical devices that contribute to regional economy and society.

Differentiator

Problem solved

Functional benefit

Products and services

  • Bioresorbable Coronary Stent Development

Companies that use Japan Medical Device Technology

Customer profile

Segments1 record

Ideal customer profiles3 records

Japan Medical Device Technology technology and API

Technology

Technology focussed Yes

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Feature1 record

Japan Medical Device Technology partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

  • Japan's AMED (Agency for Medical Research and Development)coreStrategic or Co-development Partner · 7 May 2026India-Japan bilateral cooperation: AMED signed Memorandum of Cooperation with India's ICMR and DST on health and medical devices during bilateral meeting in New Delhi (May 2026). Covers medical research collaboration in medical devices.
  • Kumamoto PrefecturecoreStrategic or Co-development PartnerComprehensive partnership agreement signed in September 2015 with Kumamoto Prefecture, Kumamoto University, and Fujilight Metal Co., Ltd. This partnership led to the establishment of JMDT's Kumamoto office and provides collaborative research ecosystem.
  • Kumamoto UniversitycoreStrategic or Co-development PartnerComprehensive partnership agreement signed in September 2015. Provides academic collaboration, research talent, and university partnership for medical device R&D activities.
  • Fujilight Metal Co., Ltd. (不二ライトメタル株式会社)coreStrategic or Co-development PartnerComprehensive partnership agreement signed in September 2015 with Kumamoto Prefecture, Kumamoto University, and Fujilight Metal Co., Ltd. for collaborative medical device research and development.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Japan Medical Device Technology competitors and assessment

Company assessment

Direct peers

  • Elixir Medical: Developer of the DESolve bioresorbable coronary scaffold and other novel cardiovascular devices. Comparable specialty cardiovascular device developer with bioresorbable scaffold technology targeting the same end market.
  • Meril Life Sciences: India-headquartered medical device company developing the MeRes100 bioresorbable coronary scaffold. Directly comparable bioresorbable stent program and an emerging-market counterparty to JMDT for the AMED India-Japan partnership.
  • Kyoto Medical Planning: Japan-based developer of bioresorbable and novel coronary stent platforms. Closely comparable to JMDT in geography, scale, and product category, with overlapping R&D focus on absorbable cardiovascular scaffolds.

Broad incumbents

  • Boston Scientific: Major coronary stent manufacturer (Promus, Synergy) with deep clinical and hospital relationships. Represents the entrenched DES incumbent whose installed base JMDT's bioresorbable platform must compete against.
  • Abbott Vascular: Global leader in coronary stents (Xience DES) and previously the Absorb bioresorbable scaffold. Defines the competitive benchmark for bioresorbable stent development and serves as the dominant incumbent JMDT's technology would have to displace or differentiate from.
  • Medtronic: Global medical device giant with the Resolute and Onyx coronary DES families and broad cardiovascular portfolio. Comparable as the third major incumbent setting the standard for next-generation coronary stent commercialization.

Emerging players

  • REVA Medical: Pre-commercial developer of bioresorbable polymer-based coronary scaffolds (Fantom). Small specialty player with overlapping bioresorbable scaffold technology and similar commercialization-stage challenges to JMDT.
  • Arterius Limited: UK-based developer of bioresorbable polymer scaffolds for vascular applications. Comparable emerging-stage R&D player in absorbable cardiovascular devices, illustrating the broader competitive set JMDT will encounter.

Others

  • Kaneka Corporation: Parent company and 100% owner of JMDT; major Japanese chemicals and materials manufacturer with medical device operations including bioresorbable polymers. Relevant as the corporate acquirer and commercialization channel rather than a competitor.

Regional players

  • Lifetech Scientific: China-headquartered developer and manufacturer of cardiovascular interventional devices including structural heart and peripheral products. Comparable Asia-based cardiovascular device developer operating in a neighboring geography to JMDT.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Japan Medical Device Technology financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Japan Medical Device Technology leadership team

Management profile

Number of profiles

Profiles1 record

Japan Medical Device Technology funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

Japan Medical Device Technology M&A and investment

M&A and investment

M&A

Investments

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

Frequently asked questions about Japan Medical Device Technology

What does Japan Medical Device Technology do?

JMDT researches and develops medical devices built from bioresorbable (absorbable) materials, with a flagship coronary stent program intended to dissolve in the body after supporting the vessel. In parallel, the company offers contract medical device development services, applying its bioresorbable materials expertise and regulatory R&D capabilities to programs for partner firms.

Is Japan Medical Device Technology a public or private company?

Japan Medical Device Technology is a private company. It is classified as corporate owned and is currently operating.

When was Japan Medical Device Technology founded?

Japan Medical Device Technology was founded in 2014. It employs 11 to 50 people.

Where is Japan Medical Device Technology based?

Japan Medical Device Technology is headquartered in Kumamoto, Japan, in the Asia region.

How does Japan Medical Device Technology make money?

One revenue line is on record: contract Development Services (受託開発).

Who are Japan Medical Device Technology's main competitors?

Direct peers on record are Elixir Medical, Meril Life Sciences and Kyoto Medical Planning. Broad incumbents are Boston Scientific, Abbott Vascular and Medtronic. Emerging players are REVA Medical and Arterius Limited. Kaneka Corporation is listed as an others. Lifetech Scientific is listed as a regional player.

Does Japan Medical Device Technology have an API?

No public API is recorded for Japan Medical Device Technology.

What industry is Japan Medical Device Technology in?

Japan Medical Device Technology's product category is Medical Device Contract R&D. Its primary akta.pro industry code is HLAHAFAA, Coronary Stents & Drug-Eluting Technologies, with a secondary code of HLAAAGAJ, Cardiovascular & Vascular Regeneration (vascular grafts, angiogenesis). Its NAICS code is 339112 and its SIC code is 3841.

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Live signals
Business StandardIndia, Japan boost tech ties with pacts on medical devices, quantum scienceIndia and Japan strengthened their strategic partnership in science and technology with the exchange of a Memorandum of Cooperation on health and medical devices and a Letter of Intent on quantum science during a bilateral meeting in New Delhi. The agreements involve collaboration between Japan's Agency for Medical Research and Development, India's Indian Council of Medical Research, and India's Department of Science and Technology on medical research, alongside quantum technology cooperation between Japan's Cabinet Office and India's DST covering computing, communication, sensing, and materials research. The engagement builds on Prime Minister Narendra Modi's visit to Japan in 2025 and aims to advance a free, open, and innovation-driven Indo-Pacific region.BignewsnetworkIndia, Japan deepen tech ties; sign pact on medical devices, quantum science cooperationIndia and Japan signed a Memorandum of Cooperation in health and medical devices and a Letter of Intent on Quantum Science and Technology during a bilateral meeting in New Delhi, strengthening their strategic S&T partnership. The agreements involve Japan's Agency for Medical Research and Development, Cabinet Office, and India's Department of Science and Technology and Indian Council of Medical Research. The engagement expands cooperation under India's National Quantum Mission and includes joint research projects, researcher exchanges, and industry internships, reflecting a shared vision for an innovation-driven Indo-Pacific region.The TribuneIndia, Japan deepen tech ties; sign pact on medical devices, quantum science cooperationIndia and Japan strengthened their strategic partnership in science and technology with the exchange of key agreements in healthcare and emerging technologies during a bilateral meeting in New Delhi on May 7. The two countries signed a Memorandum of Cooperation in health and medical devices involving Japan's AMED, India's ICMR, and DST, alongside a Letter of Intent on Quantum Science and Technology cooperation between Japan's Cabinet Office and India's DST. The engagement aims to advance collaboration in quantum computing, secure communications, medical technologies, and researcher exchange programmes as part of a broader vision for an innovation-driven Indo-Pacific region.BignewsnetworkIndia, Japan sign agreements in quantum technology, health research cooperationIndia and Japan strengthened their cooperation in emerging technologies and health research during a bilateral meeting in New Delhi on May 6, exchanging agreements in quantum science and medical devices. The two countries signed a Memorandum of Cooperation in health and medical devices between Japan's AMED, India's ICMR, and the Department of Science and Technology, alongside a Letter of Intent on Quantum Science and Technology between Japan's Cabinet Office and India's DST. The engagement aims to advance the India-Japan strategic partnership in science, technology, and innovation, building on outcomes from Prime Minister Modi's visit to Japan in August 2025.The Times of IndiaIndia and Japan Enhance Technological Collaboration with Key Agreements in Quantum and Health Research | India News - The Times of IndiaIndia and Japan on Wednesday strengthened their cooperation in emerging technologies and health research by exchanging agreements in quantum science and medical devices during a high-level bilateral meeting in New Delhi. Japan's Minister for Science and Technology Policy, ONODA Kimi, met Union Minister Dr Jitendra Singh to sign a Memorandum of Cooperation in health and medical devices between AMED, ICMR, and DST, alongside a Letter of Intent on Quantum Science and Technology between Japan's Cabinet Office and DST. The engagement aims to advance the India-Japan strategic partnership in frontier technologies including quantum science, AI, health research, and advanced computing.BioSpaceKaneka Acquires Japan Medical Device TechnologyKaneka Corporation acquired all shares of Japan Medical Device Technology Co., Ltd. (JMDT), making it a wholly owned subsidiary as of November 30, 2023. The acquisition aims to leverage JMDT's expertise in bioresorbable stents to expand Kaneka's presence in the Japanese coronary artery treatment market, which is valued at 30 billion yen.Business Wire BlogKaneka Acquires Japan Medical Device TechnologyKaneka Corporation acquired all shares of Japan Medical Device Technology Co., Ltd. on November 30, 2023, making it a wholly owned subsidiary. This acquisition is strategic as JMDT specializes in developing bioresorbable stents, addressing significant market needs in Japan for coronary artery disease treatment, which is valued at 30 billion yen.MarketScreenerKaneka Acquires Japan Medical Device TechnologyKaneka Corporation has acquired all shares of Japan Medical Device Technology Co., Ltd. (JMDT), making it a wholly owned subsidiary as of November 30, 2023. The acquisition aims to enhance Kaneka's position in the coronary stent market, valued at 30 billion yen in Japan, leveraging JMDT's advanced technology in bioresorbable stents. This move is part of Kaneka's strategy to expand its business in treating coronary artery diseases.VascularnewsKaneka Corporation acquires Japan Medical Device Technology CoKaneka Corporation has acquired all shares of Japan Medical Device Technology Co, making it a wholly owned subsidiary. This move aims to expand Kaneka's business in treating coronary artery diseases by leveraging the acquired company's leadership in bioresorbable stent technology.KanekaKaneka Acquires Japan Medical Device TechnologyKaneka Corporation acquired all shares of Japan Medical Device Technology Co., Ltd. (JMDT), making it a wholly owned subsidiary as of November 30, 2023. The acquisition aims to expand Kaneka's business in the coronary stent market by leveraging JMDT's leadership in developing bioresorbable stents made from biodegradable magnesium alloy.