Ship Healthcare

What Ship Healthcare does

Ship Healthcare Holdings, Inc. (TSE: 3360) is a Japanese vertically integrated healthcare holding company that operates five core business segments — Total Pack Produce (TPP) consulting, Medical Supply (MSP/SPD), Life Care (LC), Food (FD), and Dispensing Pharmacy (PH) — plus new-initiative Well-Being businesses. TPP provides plan-to-opening consulting for hospital construction, relocation, and expansion (e.g., Kawanishi City General Medical Center, 2022). MSP is the largest medical materials logistics operation in Japan, covering 272 contracted facilities and approximately 100,000 hospital beds under multi-year SPD contracts, with a next-generation RFID-based traceability system ('Smart Medical Solution') and AI/robotics-enabled automated warehouse (RENATUS) deployed at the Osaka Solution Center (Kadoma, 2021) and SHIP Grand Base Tokyo (Funabashi, January 2026; 14,129 sqm). LC operates approximately 49 paid nursing homes housing ~4,900 residents and markets the Arael non-bath shower pod (85% hot-water reduction). FD supplies hospital food services and PH operates a dispensing pharmacy chain that distributes SHIP-branded JIS T9001 surgical masks direct-to-consumer. The group supports Japan's sixth and first privately-led private-build/operate heavy particle cancer treatment facility (Osaka Himak, 5,328 cumulative patients through end-March 2025), holds a top domestic share in medical gas equipment via Central Uni (proprietary CUBE and EMOCA disaster cart), and is designated manager for multiple Suita City parks and 84 municipal schools. The business model is primarily recurring managed services (multi-year SPD, care-facility fees, pharmacy dispensing) cross-sold via a direct enterprise sales force into the same hospital clients served by TPP, with project-based professional services revenue from new hospital openings. Revenue is generated domestically only (single-country/domestic geo scope), anchored in Japan, with a JCR credit rating of 'A' / Stable as of 19 November 2025 and analyst coverage by Daiwa, Nomura, and UBS.

Name

Ship Healthcare

Legal name

シップヘルスケアホールディングス株式会社 (SHIP HEALTHCARE HOLDINGS, INC.)

Website

https://shiphd.co.jp

Company type

Public

Founded year

1992

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Ship Healthcare Holdings is a Japanese healthcare conglomerate operating five business segments — TPP hospital consulting, MSP medical material logistics (272 facilities, ~100,000 beds), elderly care (~4,900 residents in 49 facilities), hospital food, and dispensing pharmacy — plus Well-Being and heavy particle therapy initiatives, serving hospitals, municipal governments, and consumers in Japan.

Ownership category

akta.pro rank

Product category

Healthcare Services

NAICS

Support Activities for Transportation (488), General Medical and Surgical Hospitals (622110), Warehousing and Storage (4931)

SIC

Services-Hospitals (8060), Services-Health Services (8000), Wholesale-Medical, Dental & Hospital Equipment & Supplies (5047)

akta.pro primary industry

Clinical Specimen & Lab Diagnostics Courier (Blood, Tissue, Pathology) (TLAAAIAA)

akta.pro secondary industries

Pharmaceutical & Biologics Courier (Rx, Specialty Drugs) (TLAAAIAB), Home Healthcare & DME Delivery (Oxygen, Supplies) (TLAAAIAE), Controlled Substances & High-Security Medical Courier (Chain-of-Custody) (TLAAAIAG), Medical Waste & Biohazard Return Transport (Regulated Materials) (TLAAAIAJ), Healthcare Providers & Hospitals (TLAIALAE), Pharmaceutical & Life Sciences Warehousing (GDP-Compliant) (TLAIACAD), Ambulance Fleet, Equipment & Logistics Services (HLAFANAN), Reusable Medical Container & Liner Services (Rental, Wash, Reverse Logistics) (BPALAGAI), Medical Equipment Specialty Moving (HSAKAEAL)

Keywords

• Hospital planning consulting
• Medical materials logistics
• SPD supply distribution
• Elderly care services
• Healthcare facility management

Headquarters

HQ city

Suita

HQ country

Japan

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Total Pack Produce (TPP): Consulting, planning and comprehensive production services for the construction, relocation and expansion of medical institutions (hospitals/clinics). Engagements cover plan-to-opening project support; cross-sold together with other group services. Often multi-year project-based engagements with hospital clients.
2. Medical Supply (MSP) - SPD services: Recurring managed services for medical material procurement, inventory, quality control and logistics for hospitals under multi-year SPD contracts; 272 contracted facilities covering approximately 100,000 beds as of end-March 2025 (up 24 vs prior year). Recurring contracted revenue with stable volume from hospital clients.
3. Life Care (LC) - nursing facility operations: Operation of paid nursing homes and care facilities under the Green Life brand; 49 facilities housing approximately 4,900 residents as of end-September 2025. Predominantly recurring service fees from residents and long-term care insurance billing.
4. Food (FD): Hospital meal and food services for medical institutions and care facilities (group service cross-sold into TPP and LC clients). Recurring contract-based revenue.
5. Pharmacy (PH): Dispensing pharmacy operations including direct retail of SHIP-branded JIS T9001-certified surgical masks via own website, Kokumin drugstores nationwide, and convenience stores in the Kansai region. Dispensing fee revenue plus consumer product sales.
6. SHIP Mask consumer product sales: Direct online (BASE storefront) and retail sale of domestically-produced JIS T9001 medical-grade surgical masks under the SHIP brand, both online and through retail partners (Kokumin drugstores, Apis Pharmacy, Kansai convenience stores).
7. Well-Being/Public facility management: Designated manager of municipal parks (Esaka Park, Momoyama Park, Nakanoshima Park and Sports Ground Park-PFI 2025-2045) and 84 Suita City elementary schools/kindergartens/daycare facilities (2023-2028 five-year contract). Public-sector contract fees.
8. Heavy particle therapy facility operations support: Comprehensive planning, opening and operational support of the Osaka Heavy Particle Therapy Center (Osaka Himak) including facility and equipment management; operating foundation collects patient treatment fees.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels9 records

Core offering

Ship Healthcare Holdings is a Japanese healthcare group operating five core business segments: Total Pack Produce (TPP) for hospital planning/construction consulting, Medical Supply (MSP) for SPD (Supply Processing & Distribution) of medical materials covering 272 facilities and ~100,000 hospital beds, Life Care (LC) operating ~49 elderly care facilities housing ~4,900 residents, Food (FD) for hospital meal services, and Pharmacy (PH) for dispensing pharmacy operations. The group also runs the Osaka Heavy Particle Therapy Center, the Well-Being public-sector business, and manufactures proprietary medical equipment including the Arael shower pod, CUBE medical gas systems, and EMOCA disaster carts.

Product overview

Ship Healthcare Holdings operates as a single, group-level "total produce" healthcare holding company built around five core operating business segments (TPP, MSP, LC, FD, PH) that collectively span medical, health, welfare, nursing-care, and service domains. The platform is anchored by the Total Pack Produce (TPP) consulting business, which plans and supports new hospital construction and operations (e.g., Kawanishi City General Medical Center), and which feeds the Medical Supply (MSP) business — its high-volume SPD logistics operation currently covering 272 facilities and ~100,000 hospital beds across facilities including the Osaka Solution Center (大阪SC) and the newly opened SHIP Grand Base Tokyo (SHIPグランベース東京), the latter introducing the RENATUS (レナトス) automated warehouse system combining AI, robotics, and RFID. The Life Care (LC) segment operates ~4,900-resident elderly care facilities and markets the SHIP Pod Araeru shower-bathing system; the Food (FD) segment provides hospital food services; and the Pharmacy (PH) segment operates dispensing pharmacies that distribute the SHIP Surgical Mask (JIS T9001-compliant). On top of the five core segments, Ship Healthcare runs new-initiative businesses such as the SHIP International Hospital (SIH) Well-Being program (park-PFI designated administration and comprehensive school/facility management) and supports advanced-care facilities such as the Osaka Heavy Particle Therapy Center, Japan's first privately operated heavy-particle cancer therapy site. Group companies also provide proprietary medical equipment and infrastructure, including the CUBE medical-gas system, the EMOCA disaster outlet cart, and care-bathing equipment, with ISO 13485 and ISO 9001 certifications held by Konishi Medical and Sakai Medical respectively.

Differentiator

Problem solved

Functional benefit

Brands

• SHIPマスク (SHIP Mask / SHIP Surgical Mask): Domestic Japanese-manufactured high-performance mask conforming to JIS T9001 medical standard; sold via Ship Healthcare Pharmacy directly and through Kokumin drugstores nationwide.
• エアネス2 (Airness 2)
• SHIPグランベース東京 (SHIP Grand Base Tokyo)
• 大阪ソリューションセンター / 大阪SC (Osaka Solution Center / Osaka SC)
• シャワーポッド アラエル (Shower Pod Araeru)
• SPD (Supply Processing & Distribution) サービス / Smart Medical Solution

Products and services

• Total Pack Produce Business (TPP / トータルパックプロデュース事業) Comprehensive consulting service providing one-stop support from planning through opening for new hospital construction, relocation, expansion, or renovation. Leverages accumulated know-how in medical-institution construction projects (e.g., Kawanishi City General Medical Center) to deliver integrated hospital planning services to public and private hospitals, university hospitals, and regional core hospitals.
• Medical Supply Business (MSP / メディカルサプライ事業) — SPD Services Provides SPD (Supply Processing and Distribution) services for medical materials and consumables to hospitals, covering stable supply, inventory management, and quality maintenance. Through the Smart Medical Solution, group companies deploy RFID-based medical-materials logistics. KPI: 272 contracted facilities and approximately 100,000 hospital beds as of end-March 2025.
• Life Care Business (LC / ライフケア事業) Operates elderly care facilities (e.g., Green Life Moriguchi operated by Green Life Co., Ltd.) serving approximately 4,900 residents as of end-September 2025 across ~49 facilities. Focuses on BCP planning for care continuity during disasters and on the SHIP Pod Araeru non-bath shower bathing system.
• Food Business (FD / フード事業) Provides food services to medical and welfare facilities. Operates as one of five core business segments serving medical, healthcare, welfare, nursing-care, and service domains.
• Pharmacy Business (PH / 調剤薬局事業) Operates dispensing pharmacies under Ship Healthcare Pharmacy Co., Ltd. and related group companies including Green Pharmacy. Distributes SHIP-branded surgical masks nationally through pharmacy stores and convenience stores.
• Osaka Heavy Particle Therapy Center (大阪重粒子線センター) — Operational Support Comprehensive planning, opening, and operational support of the Osaka Heavy Particle Therapy Center (Osaka Himak) — Japan's 6th heavy-particle therapy facility and the first privately built and operated such facility, opened in 2018. Provides heavy particle (carbon ion) cancer radiation therapy with reduced physical burden, primarily for prostate cancer and early-stage lung cancer. Has treated 5,328 patients cumulatively through end-March 2025.
• SHIP International Hospital (SIH) — Well-Being Initiative Well-Being promotion business covering (1) Park-PFI designated administrator activities for public parks (Esaka Park, Momoyama Park, Nakanoshima Park) and (2) comprehensive facility management for 84 schools/nursery facilities in Suita City from October 2023. Aimed at expanding Ship Healthcare's healthcare-derived expertise into public spaces.
• SHIP Surgical Mask (シップマスク / SHIPマスク) Domestic Japan-made high-performance surgical mask compliant with JIS T9001 (medical-use standard). Distributed as a Ship Healthcare Group PB product via online stores, Ship Healthcare Pharmacy nationwide stores, Kokumin drugstores nationwide, Apis Pharmacy Senri Chuo, and Kansai-area convenience stores.
• SHIP Pod Araeru (シャワーポッド アラエル) — Non-bath shower bathing system Non-bath shower bathing device that achieves an 85% reduction in bath-water consumption versus conventional individual-bath tub-type equipment. Features an automatic wash-body mode for one-touch full-body washing, contributing to natural-resource conservation and care-staff workload reduction in elderly care facilities.
• EMOCA Disaster Outlet Cart (災害対策アウトレットカート「EMOCA」) BCP-oriented emergency outlet cart developed by Central Uni Co., Ltd. Up to three units can be connected via hospital disaster outlets to supply oxygen, suction, and power in corridors and wards during disasters when hospital bed capacity is exceeded.
• CUBE Medical Gas Supply System Space-saving medical-gas supply system from group company Central Uni Co., Ltd. (Japan's top medical-gas share). Designed for installation on upper floors of facilities, enabling gas supply to be maintained even during floods or disasters, supporting disaster-resilient hospital infrastructure.
• Green Farm (就労継続支援B型事業所) — Employment support facilities for persons with disabilities Operation of five Type-B continuous-employment support facilities for persons with disabilities focused on vegetable hydroponic cultivation, covering the full cycle from cultivation to sales. KPI: 5 facilities and 138 users as of March 2025. Supports self-reliance and ethical consumption.

Quantifiable outcome

• 272 contracted SPD facilities covering approximately 100,000 hospital beds as of end-March 2025 (up 24 facilities vs end-March 2024)
• +7 more outcomes

Named customers7 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability3 records

Feature5 records

Partnerships

17 partnerships are on record, tiered minor, flagship and core.

• Health Management Alliance® (健康経営アライアンス)minorStrategic or Co-development Partner · 1 February 2026Operating foundation of the Osaka Heavy Particle Therapy Center joined the Health Management Alliance in February 2026 to share insights on cancer/return-to-work support with corporate members. Alliance is a registered trademark of Omron Corporation.
• Suita City (吹田市)flagshipStrategic or Co-development Partner · 1 January 2022Designated manager for Esaka Park (including Esaka Library) and Momoyama Park since 2022 under Park-PFI scheme; designated manager for Nakanoshima Park (2025-2045) and Nakanoshima Sports Ground (2028-2045); integrated facility management for 84 Suita City elementary schools, kindergartens and nurseries from October 2023 (5-year contract). Received FY2025 Suita City Environmental Award.
• Gamba Osaka (ガンバ大阪)flagshipGTM or Marketing Partner · 1 January 201313+ year Diamond Partner relationship with the J-League football club headquartered in Suita City (same as SHIP HQ). Supports sports culture promotion and community activation. Includes 2025 YouTube 'CAZI walk' co-produced content featuring group-developed facilities such as Nakanoshima Qross and Nakanoshima Park redevelopment.
• Osaka Prefectural Hospital Organisation (大阪府立病院機構)flagshipStrategic or Co-development Partner · 1 January 2013Selected in 2013 as the 'private-sector partner for the heavy particle cancer treatment facility establishment and operation project'. Resulted in the Osaka Heavy Particle Therapy Center (Osaka Himak), which opened in 2018 and had treated 5,328 patients cumulatively by end-March 2025.
• Central Uni Corporation (株式会社セントラルユニ)coreStrategic or Co-development Partner · 1 January 2013Group company holding Japan's largest market share in medical gas equipment. Developed the proprietary CUBE upper-floor-mountable medical gas supply system and EMOCA disaster outlet cart. Played leading role in 2024 Noto Peninsula earthquake hospital support.
• Sakai Medical Co., Ltd. (酒井医療株式会社)coreStrategic or Co-development Partner · 1 January 2013Group company manufacturing bathing and rehabilitation equipment; ISO 9001 and ISO 13485 certified. Official supplier to Japan Boccia Association and other parasports organisations; supplies Shock Master featured in Gamba Osaka YouTube collaboration.
• Konishi Medical Instruments Co., Ltd. (小西医療器株式会社)coreStrategic or Co-development PartnerGroup company in medical equipment and device sales; first in industry to obtain ISO 13485 across HQ and 5 logistics centres. Pioneer of cardboard-recycling trial that produces paper bags for group sales staff.
• King Run Co., Ltd. (キングラン株式会社)coreStrategic or Co-development PartnerGroup company providing medical/welfare facility curtain maintenance and cleaning services; holds ISO 9001 certification for curtain maintenance operations.
• Ainet Systems Co., Ltd. (アイネット・システムズ株式会社)coreTechnology or IntegrationGroup company providing medical information system design/development/maintenance, packaged systems for medical institutions, and corporate/hospital security consulting. Holds ISMS and privacy certifications.
• FS Uni Management Co., Ltd. (株式会社エフエスユニマネジメント)coreStrategic or Co-development PartnerGroup company operating medical materials logistics; opened the SHIP Grand Base Tokyo consolidated Tokyo metropolitan logistics hub (14,129 sqm) in Funabashi, Chiba in January 2026 with RENATUS automated warehouse system.
• Green Hospital Supply Co., Ltd. (グリーンホスピタルサプライ株式会社)coreStrategic or Co-development PartnerGroup company and lead entity of Suita Nakanoshima Smile Park Partners consortium, designated manager of Nakanoshima Park redevelopment; produced medical equipment for Osaka Nakanoshima Orthopedics clinic at Nakanoshima Qross.
• Osaka Solution Center logistics partnerscoreStrategic or Co-development PartnerCo-developed the next-generation automated logistics facilities at the Osaka Solution Center (opened 2021 in Kadoma, Osaka) together with partner companies; features RFID-tagged medical materials management and AI/robotics automation.
• Kokumin Co., Ltd. (株式会社コクミン)coreChannel Partner/ Reseller/ DistributorNational pharmacy chain partner distributing SHIP-branded JIS T9001 surgical masks across all Kokumin drugstore physical outlets and the online shop.
• Apis Pharmacy Senri Chuo Store (アピス薬局 千里中央店)minorChannel Partner/ Reseller/ DistributorSpecialty pharmacy retail partner for SHIP mask products.
• Osaka Prefecture Red Cross Blood Center (大阪府赤十字血液センター)minorGTM or Marketing PartnerCo-partner on the 'Inochi no Pass Project' blood donation awareness campaign; produces and distributes awareness posters to elementary and junior high schools in Osaka Prefecture together with Gamba Osaka.
• Hospitals File (ホスピタルズ・ファイル / doctorsfile.jp)minorGTM or Marketing PartnerNational hospital search portal hosting message content from the Osaka Heavy Particle Therapy Center chairman for patient acquisition.
• Yomiuri Television (読売テレビ)minorGTM or Marketing PartnerAired television commercials for the Osaka Heavy Particle Therapy Center from 25 April to 8 June 2025 featuring Hidekazu Akai and his wife, raising awareness that initial-stage lung cancer is now covered by insurance for heavy particle therapy.

Scale indicators14 records

Recent moves9 records

Expansion highlights6 records

Direct peers

• Medipal Holdings: Japan's largest pharmaceutical wholesaler with extensive medical distribution and SPD services, including group company Mediceo. Closest direct comparable to SHIP's Medical Supply (MSP) business given its parallel SPD business model, hospital-customer base, and managed-services revenue approach.
• Paramount Bed Holdings: Japan's leading manufacturer of hospital beds and medical/furniture equipment serving hospitals and care facilities. Comparable to SHIP's medical equipment and care-bathing equipment (Arael) businesses, with overlapping customer segments in hospitals and elderly care facilities.
• Alfresa Holdings: Top-tier Japanese pharmaceutical wholesaler with SPD and medical supply operations. Directly comparable to SHIP's SPD business and pharmacy segment in serving hospitals, clinics, and dispensing pharmacies across Japan.
• Suzuken Co., Ltd. Major Japanese pharmaceutical wholesaler with national distribution and SPD services to hospitals and clinics. Comparable to SHIP's MSP business in scale, customer type (medical institutions), and recurring managed-services model.
• As One Corporation: Japanese distributor of medical, laboratory, and nursing-care supplies with a national catalog-based model. Comparable to SHIP's medical supply and equipment distribution business in serving hospitals, research institutions, and care facilities with recurring consumable demand.
• Nichii Gakkan Company: Japan's leading operator of paid nursing homes and home-care services with a large elderly resident base. Directly comparable to SHIP's Life Care (LC) segment given its scale in operating care facilities and exposure to Japan's super-aged demographic.

Broad incumbents

• Nihon Kohden Corporation: Established Japanese manufacturer of medical electronic equipment (patient monitors, ECG, EEG) with a global footprint. Comparable to SHIP's medical equipment and devices subsidiaries in serving hospitals as a broad incumbent in Japanese medtech.
• H.U. Group Holdings: Japan's largest clinical laboratory and medical testing services group, also providing in-vitro diagnostics. Comparable to SHIP's hospital and medical-services orientation as a broad Japanese healthcare-services platform.

Emerging players

• SMS Co., Ltd. Japanese healthcare staffing and medical information services provider, focused on doctor/nurse placement and medical platform businesses. Comparable to SHIP's human-resource and medical information system (Ainet Systems) businesses.
• Benesse Holdings: Japanese education, nursing-care and senior services holding company. Comparable to SHIP's Well-Being (elderly care and public facility management) initiative in addressing Japan's aging society, though Benesse is more consumer- and education-focused.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat8 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/watch?v=1u_J5Lx8Abg

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Ship Healthcare