Elan affiliate Classico to list on Tokyo Stock Exchange Growth Market

Elan Corporation announced that its equity-method affiliate, Classico Inc., was approved for listing on the Tokyo Stock Exchange Growth Market, with an expected listing date of November 5, 2025. Classico, established in December 2008 with capital of 836,231 thousand yen, focuses on planning, development, and sales of medical apparel. This includes the "lifte" patient gowns Elan procures for its "CS Set" users.

Elan currently holds 582,765 shares, representing 33.33% of Classico's common stock, making it a major shareholder. Post-listing, Classico will remain an equity-method affiliate. Elan will maintain its focus on group growth while increasingly respecting Classico's independent management. One Elan director concurrently serves as an outside director for Classico.

Elan anticipates a minimal impact on its performance for the fiscal year ending December 2025 from this listing. The company aims to expand its overall business value by fostering individual development and synergy across its group companies.