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30 companies that may benefit from Japan-Russia economic cooperation

Stocks related to healthcare and urban infrastructure are worth attention


Market players will likely pay attention to Russia-related stocks. Prime Minister Shinzo Abe proposed an 8-point plan for economic cooperation with Russia at a meeting with President Putin held in the Russian city of Sochi in May this year. Through Japan’s support based on this plan, Abe aims to appease the feelings of the Russian people and move forward with negotiations on the Northern Territories issue. With cooperation from the Citigroup Global Markets Japan, the Ekonomisuto selected companies belonging to the Public-Private Coordination Meeting for Promoting Japan-Russia Relationship (chaired by Economy, Trade and Industry Minister Hiroshige Seko) and may benefit from Japan-Russia economic cooperation (see Table below).


The proposed eight points include “healthcare,” “urban infrastructure construction,” and “energy.” The table begins with pharmaceutical and medical equipment makers that will likely contribute to improving the Russian people’s health and longevity, followed by companies that provide products and services, which may contribute to improving urban infrastructure.


“It is possible that promoting cooperation in the fields of healthcare and infrastructure construction may significantly improve the Russian people’s feelings toward Japan,” said Citigroup Global Markets Chief Strategist Naoki Iizuka. “It’s in the humanitarian area, so it would be difficult for the U.S. and European countries to interfere with Japan’s assistance.”


If crude oil prices bottom out, the Russian economy may enter a recovery phase. Stocks related to energy and natural resources will also be worth notice. Assuming a recovery of the Russian economy, we also selected automobile-related stocks.


List of companies that may benefit from Japan-Russia economic cooperation


Business Field


Securities Code

Summary of Business














Healthcare/Daily Necessities

Ajinomoto Co., Inc.


Sales of frozen gyoza (dumplings) to Japanese restaurants in Moscow and Saint Petersburg.

Kao Corporation


Established a new plant for manufacturing the disposable diaper “Merries” within Sakata Plant in expectation of sales increase in Russia.

Takeda Pharmaceutical Company Limited


Manufacturing medicines for improving brain and peripheral circulatory disorders and medicines for preventing cardiovascular diseases at the plant in Yaroslavl Oblast, Russia.

Eisai Co., Ltd.


Sales of an anticancer drug and multiple therapeutic medicines for epilepsy at the sales company in Moscow.

TERUMO Corporation


Established a local subsidiary in Moscow and is increasing sales of catheter and artificial lung-related products.

Fuji Film HD


Acquired a local sales agency in Moscow and is increasing sales of medical image diagnostic apparatus.

Shiseido Japan Co., Ltd.


Expanding sales of luxury cosmetics for department stores in Moscow through the local sales subsidiary.

Sysmex Corporation


Established a sales subsidiary in Moscow and is expanding sales of sample testing equipment and chemical reagents.

Olympus Corporation


Established a training facility for medical endoscope and provides local medical doctors with training opportunities.










Urban Infrastructure Development

Komatsu Ltd.


Established a manufacturing company in Yaroslavl Oblast and is making medium-size hydraulic shovels, forklifts, etc.

Hitachi Construction Machinery Co., Ltd.


Opened a plant in Tver Oblast northwest of Moscow and is manufacturing medium-size hydraulic shovels.

Toshiba Corporation


Delivered the automatic mail processing system to the Moscow International Exchange Post Office run by the Russian Post.

Makita Corporation


Opened its sixth branch in Krasnodar City, Russia, and is increasing sales and services of electric tools.

NEC Corporation


Delivered PASOLINK, an ultra-compact microwave communications system, to MegaFon, a major Russian telecom company.

Kawasaki Heavy Industries, Ltd.


Participates in cogeneration projects for the Russian Far East jointly with Sojitz Corporation.











Energy and Natural Resources

INPEX Corporation


Cooperates with Rosneft, the largest Russian state-run petroleum company, in oil exploration in the waters off Magadan City in the Sea of Okhotsk. 

Japan Petroleum Exploration Co., Ltd.


Through an associated corporation, participates in LNG projects in Vladivostok with Gazprom, a Russian state-run gas company.

JGC Corporation


In cooperation with a French company, designed an LNG plant at Yamalo-Nenetu Autonomous Okrug in Russia.

Chiyoda Corporation


In cooperation with Toyo Engineering Corporation, constructed an LNG plant that will use natural gas in the waters off Sakhalin.

Hitachi Ltd.


Technically tied up with Gazprom for corrosion diagnosis of pipelines and energy efficiency in the field of crude oil and natural gas.


Mitsubishi Heavy Industries Ltd.


Received jointly with Sojitz Corporation an order for construction projects of the largest ammonia plant in Russia.


Itochu Corporation


Participates in LNG projects by Gazprom in Vladivostok. 


Mitsui & Co., Ltd.


In cooperation with the Japan Bank for International Cooperation (JBIC), acquired a share of a little less than 5% in RusHydro, a major Russian state-run electric power company.


Sumitomo Corporation


Acquired a 45% share in Terneyles, a Russian timber exporter. The company exports timber to Japan.


Mitsubishi Corporation


Made an agreement with the Sakhalin Oblast government to construct a plant for manufacturing methanol from natural gas.










Sojitz Corporation


Additionally invested in Sollers-Isuzu, a joint venture in Ulyanovsk City, Russia, which manufactures Isuzu cargo vehicles, raising its share to 26%.

Nissan Motor Corporation


Manufactures “Datsun” brand passenger cars through AvtoVAZ, a subsidiary in Russia.

Mitsubishi Motors Corporation


In cooperation with PSA Group, a French automaker, manufactures “Outlander,” a Mitsubishi SUV, at the assembly plant in Kaluga Oblast, Russia.

Mazda Motor Corporation


Established an engine assembly plant in Vladivostok jointly with Open Joint Stock Company (OJSC) Sollers, a local corporation.

Toyota Tsusho Corporation


Manufactures transmission-related parts for automobiles jointly with Atsumitech Co., Ltd., in Samara Oblast, Russia.

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