Sysmex Leads Health Care in Aging Japan: Riskless Return
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As an aging Japan spends more on health care, companies making blood test devices and defibrillators are producing the best risk-adjusted returns among technology stocks while consumer electronics makers such as Sony Corp. slump.
The BLOOMBERG RISKLESS RETURN RANKING shows Sysmex Corp., the world’s biggest maker of devices to count blood cells, had a return of 27 percent over the last 10 years, adjusted for volatility, leading the 150 members of the Topix Electric Appliances Index. The Kobe, Japan-based company had the highest return, while it ranked the 17th-lowest for volatility. Nihon Kohden Corp., which makes defibrillators found in offices around Japan, was second, with adjusted returns of 22 percent.