Kokando Co., Ltd.

In September 2013, Kokando Co., Ltd. (hereinafter “Kokando”) Chairman of the Board of Directors Yasuhiko Shioi was taking a brief rest during a flight back home from a business trip. Although he was resting, he was pondering the future direction of Toyama’s pharmaceutical/patent medicine industry, which has a long history dating back to the Edo Period, and how Kokando should proceed going forward.