Medical Equipment Companies Ranked by Operating Margin (FY2026, 10 companies)

10 companies · FY2026 results (earnings releases, consolidated)

Asahi Intecc ranks first for operating margin in the Medical Equipment industry at 31.1%. The top three are Asahi Intecc (31.1%), MANI (30.1%) and Japan Lifeline (21.3%).

Across the 10 companies the average is 14.5% and the median 10.0%. Nipro comes last at 5.7%, a gap of 25.4 percentage points to the leader.

4 of 10 companies are above the average.

Share prices, forecasts and results for Medical Equipment Industry

Medical Equipment Industry TOP3

1
Asahi InteccMedical Equipment Industry31.1%
2
MANIMedical Equipment Industry30.1%
3
Japan LifelineMedical Equipment Industry21.3%

Companies: 10
Average: 14.5%
Median: 10.0%
All-industry average: 11.1%3.4pt difference
Above average: 4of 10

Operating margin ranking: Medical Equipment Industry

10 companies

RankCompanyAverage 14.5%Operating marginRevenueShares 1Y

1
Asahi Intecc774731.1%31.1%¥145.4B+49.9%
2
MANI773030.1%30.1%¥33.0B+2.6%
3
Japan Lifeline757521.3%21.3%¥59.2B+8.6%
4
Terumo454315.6%15.6%¥1.1T−3.5%
5
Sysmex686910.4%10.4%¥500.0B+12.4%
6
Olympus77339.6%9.6%¥1.0T−8.3%
7
Nihon Kohden68498.0%8.0%¥235.1B−9.3%
8
Eiken45497.0%7.0%¥41.9B−2.0%
9
PHC65236.2%6.2%¥364.4B+40.2%
10
Nipro80865.7%5.7%¥660.5B−9.4%

Shares 1Y is a closing-price reference (vs. about a year earlier).

Financials and pay compared

The same companies on other measures

Rank	Company	Operating margin	Average salary	Revenue	Operating profit
1	Asahi Intecc7747	31.1%	¥6.95M	¥145.4B	¥45.2B
2	MANI7730	30.1%	¥7.86M	¥33.0B	¥9.9B
3	Japan Lifeline7575	21.3%	¥9.56M	¥59.2B	¥12.6B
4	Terumo4543	15.6%	¥7.79M	¥1.1T	¥176.3B
5	Sysmex6869	10.4%	¥8.84M	¥500.0B	¥51.8B
6	Olympus7733	9.6%	¥10.5M	¥1.0T	¥97.1B
7	Nihon Kohden6849	8.0%	¥9.26M	¥235.1B	¥18.7B
8	Eiken4549	7.0%	¥7.86M	¥41.9B	¥2.9B
9	PHC6523	6.2%	¥9.83M	¥364.4B	¥22.7B
10	Nipro8086	5.7%	¥6.81M	¥660.5B	¥37.6B

Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.