JAPAN

• Kowa Estate Co., Ltd.
  Real estate
• Sankyo Co., Ltd.
  Insurance agency
• Nagoya Kanko Hotel Co., Ltd.
  Hotel business
• Kowa Technical Service Co., Ltd.
  Maintenance and lease of optical equipment
• Kowa Optronics Co., Ltd.
  Development, manufacture and sales of optical equipment, lighting fixtures and professional video equipment
• Career & Leaps, Ltd.
  Staffing & outsourcing business
• Incontro Co., Ltd.
  Apparel
• Tenerita Co., Ltd.
  Manufacturer and retailer of organic cotton and lifestyle items
• Kowa Koga Factory Co., Ltd.
  Manufacture of daily products such as body warmer
• Kowa Logistics Co., Ltd.
  Management & service of logistics solution
• Kokan Techno Co., Ltd.
  Electrical Installation and Maintenance Indoor Farming Operation
• Act Health Care Co, Ltd.
  Wholesaling of foodstuff, consumer healthcare products, designated quasi-drugs, etc.
• Stern Nagoya Minami Co., Ltd.
  Sales of automobiles
• Meinan Mitsubishi Motor Sales Co., Ltd.
  Sales of automobiles
• Maruei Department Store Co., Ltd.
  Retailing and real estate leasing
• Kowa Emori Company, Ltd.
  Sales / import & export of chemicals, electronic materials, electronic devices, synthetic resins, dyes, dyeing auxiliaries and environmentally-friendly products
• Nagoya Castle Co., Ltd.
  Hotel business
• Core Holding Co., Ltd.
  Pharmacy

OVERSEAS

North America

• Kowa American Corporation
  Import-export trading
• Kowa Holdings America, Inc.
  Kowa's administration center in the Americas, portfolio investment
• Kowa Research Institute, Inc.
  Pharmaceutical research and development
• Kowa Pharmaceuticals America, Inc.
  Marketing/sales of pharmaceuticals
• Kowa Premium Foods Hawaii Corporation
  Farming, processing and sale of fishery products
• Kowa Waikiki, LLC
  Real estate

Latin America

• Inversiones La Esperanza Chile Ltda.
  Contract management services, Health care product sales ,and portfolio investment
• Kochi S.A.
  Import-export trading

Europe

• Kowa Holdings Europe AG
  Kowa's administration center in the European, portfolio investment
• Kowa Pharmaceutical Europe AG
  Kowa's Pharmaceutical Administration Center in the European
• Kowa Europe GmbH
  Import-export trading
• Kowa Pharmaceutical Europe Co. Ltd.
  Marketing/sales of pharmaceuticals

Asia

• Kowa Asia Ltd.
  Import-export trading
• Kowa (Shanghai)Co., Ltd.
  mport-export trading
• Kowa (Shanghai)Pharma Consulting Co., Ltd.
  Pharmaceutical and medical equipment consulting and promotion
• Kowa Pharmaceuticals (China) Co., Ltd.
  Manufacture / sales of pharmaceuticals
• Kowa (Beijing) Co., Ltd.
  Import-export trading
• Kowa (Shenzhen) Co., Ltd.
  Import-export trading
• Kowa Taiwan Tsusho Co., Ltd.
  Import-export trading
• Kowa Korea Company, Ltd.
  Market research and sales of OTC products, medical device and consumer healthcare products Import-export trading
• Philippine-Japan Active Carbon Corporation
  Manufacture & marketing/sales of activated carbon
• Kowa Holdings Asia Pte. Ltd.
  Portfolio investment
• Kowa Asia Pacific Pte. Ltd.
  Import-export trading
• Kowa Pharmaceutical Asia Pte. Ltd.
  Pharmaceutical and medical equipment consulting and promotion
• Kowa (Thailand) Co., Ltd.
  Marketing/sales of pharmaceuticals
• Kowa India Pvt. Ltd.
  Import-export trading