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 vision system, Robot system integrator,
  Building and electrical construction, Development, manufacture and sales of optical equipment
• Career & Leaps, Ltd.
  Staffing and outsourcing business
• riccovita Co., Ltd.
  Apparel
• Kowa Koga Factory Co., Ltd.
  Manufacture of daily products such as body warmer
• Kowa Logistics Co., Ltd.
  Management and service of logistics solution
• Houoh Co., Ltd.
  Management of inns, hotels and other lodging facilities
• Act Health Care Co., Ltd.
  Wholesaling of foodstuff, consumer healthcare products, designated quasi-drugs, etc.
• Meinan Mitsubishi Motor Sales Co., Ltd.
  Sales of automobiles
• Stern Nagoya Minami Co., Ltd.
  Sales of automobiles
• Espacio Enterprise Co., Ltd.
  Hotel business
• Ktac Planners Co., Ltd.
  Sales of foods and cosmetics
• Watabe Wedding Corporation
  Resort wedding and domestic wedding business
• SUNITED Co., Ltd.
  IT consulting, system development and operation
• Kowa Dental Health Co., Ltd.
  Pharmaceutical research and development
• Kowa Facility Management Co., Ltd.
  Facility Management, Support for hotel and hospitality industries, Staffing services
• Kowa AG Pharma Co., Ltd.
  Manufacture and sales of pharmaceuticals
• Kowa Emori Company, Ltd.
  Sales, import and export of chemicals, electronic materials, electronic devices, synthetic resins, dyes, dyeing auxiliaries and environmentally-friendly products
• Espacio Misaki Marine Resort Co., Ltd.
  Facility management business
• Nagoya Castle Co., Ltd.
  Hotel business
• Japan Green Energy Co., Ltd.
  Development, production, sales and marketing of various next-generation energy resources
• Aiorikaikan Co., Ltd.
  Rental building business
• Kowa AI solutions Co., Ltd.
  AI and image processing software development
• Eikosha Co., Ltd.
  Forwarding or transportation industry
• Hokuriku Chemical Industrial Co., Ltd.
  Compound manufacturing
• Emori Paint Co., Ltd.
  Paint sales, painting, waterproof construction
• Hokuriku Color Co., Ltd.
  Development, manufacturing and sales of dyes for clothing and automotive interior materials
• Emori Logistics Co., Ltd.
  Storage, management, and delivery of merchandise
• K.K. Meguro Gajoen
  Hotel, domestic wedding business
• Mielparque Corporation
  Hotel, domestic wedding business
• Okinawa Watabe Wedding Corporation
  Resort wedding business
• Compact Seek Co., Ltd.
  Travel industry
• Wellier Co., Ltd.
  E-commerce (Happiness-Direct) , Integrated-Healthcare business
• Incontro Co., Ltd.
  Apparel

OVERSEAS

North America

• Kowa Holdings America, Inc.
  Kowa's administration center in the Americas, portfolio investment
• Kowa American Corporation
  Import-export trading
• Kowa Research Institute, Inc.
  Pharmaceutical research and development
• Kowa Pharmaceuticals America, Inc.
  Marketing and sales of pharmaceuticals
• Kowa Health Care US Company, Ltd.
  Marketing and sales of consumer healthcare products
• Kowa Premium Foods Hawaii Corporation
  Farming, processing and sale of fishery products
• Kowa Waikiki, LLC
  Hotel business
• Trans Quality, Inc.
  Passenger transportation service

Latin America

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

Europe

• Kowa Holdings Europe GmbH
  Kowa's administration center in the European, portfolio investment
• Kowa Europe GmbH
  Import-export trading
• Kowa Medical Care Europe GmbH
  Marketing and sales of medical devices
• Kowa Pharmaceutical Europe AG
  Kowa's Pharmaceutical Administration Center in the European
• Kowa Pharmaceutical Europe Co. Ltd.
  Marketing and sales of pharmaceuticals
• Kowa Optimed Deutschland GmbH
  Import-export trading of optical products

Asia

• Kowa Asia Ltd.
  Import-export trading
• Kowa (Shenzhen) Co., Ltd.
  Import-export trading
• Kowa (Beijing) Co., Ltd.
  Import-export trading
• Kowa (Shanghai) Co., Ltd.
  Import-export trading
• Kowa Pharmaceuticals (China) Co., Ltd.
  Manufacture and sales of pharmaceuticals
• Prime-Ace Technology (Suzhou) Co., Ltd.
  Manufacture and sales of Factory Automation System, Import-export trading of optical products
• Kowa Korea Company, Ltd.
  Market research and sales of OTC products, medical devices and consumer healthcare products Import-export trading
• Kowa Taiwan Tsusho Co., Ltd.
  Import-export trading
• Philippine-Japan Active Carbon Corporation
  Manufacture, marketing and sales of activated carbon
• Kowa General Foods (Vietnam) Co., Ltd.
  Manufacture and sales of foods
• Kowa Trading Vietnam Company, Ltd.
  Import-export trading
• Kowa Holdings Asia Pte. Ltd.
  Kowa's administration center in the Asia, Portfolio investment
• Kowa Asia Pacific Pte. Ltd.
  Import-export trading
• Kowa Pharmaceutical Asia Pte. Ltd.
  Pharmaceutical and medical devices consulting and promotion
• Kowa Skymech Pte. Ltd.
  Manufacture and sales of Factory Automation System, Import-export trading of optical products
• Kowa (Thailand) Co., Ltd.
  Marketing/sales of pharmaceuticals
• Kowa India Pvt. Ltd.
  Import-export trading