GENERATION PASS CO.,LTD. [3195.T]
TOKYO, Mar 31 (Pulse News Wire) – Generation Pass CO.,LTD. (3195.T) announced today that it has obtained a Third-Class Medical Device Manufacturing and Sales permit from the Tokyo Metropolitan Government effective March 31, 2026.
This permit allows the company to manufacture and sell medical devices directly within Japan without relying on external distributors. Previously, its subsidiary Qingdao Xinzhan Textile Trade Co., Ltd. handled the production of recovery wear, a Class I medical device, while external partners managed sales domestically. With this new authorization, Generation Pass can now control the entire process from manufacturing through distribution and post-sales support, enhancing customer convenience and product quality management.
Additionally, the company expects to streamline supply chains and improve profit margins through direct sales. Looking ahead, Generation Pass plans to expand its offerings of general medical devices such as recovery wear and strengthen internal development and sales efforts. The company believes this move will contribute to sustained growth and increased enterprise value. The impact on the current fiscal performance is expected to be minor but could bolster long-term revenue foundations and business expansion in the healthcare sector.
In case of further developments requiring disclosure, Generation Pass will promptly inform stakeholders.
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