Wontech has made a strategic investment of 700 million JPY in the Japanese company SheepMedical to enhance its market presence and capitalize on the thriving aesthetic dental service sector in Japan.

Target Company Overview

Wontech, a prominent player in the dental device industry, has made a strategic investment in SheepMedical, a Japanese company known for its expertise in the manufacturing and sales of transparent orthodontic appliances and expanders. This move exemplifies Wontech's ongoing commitment to global expansion, following the establishment of its Thai subsidiary, Wontech Asia, last year.

On January 4, 2025, Wontech's board of directors announced its acquisition of convertible bonds worth 700 million JPY (approximately 6.5 billion KRW) from SheepMedical, aiming to collaboratively advance aesthetic clinic operations within Japan. This investment is particularly noteworthy given the recent growth of the dental service organization (DSO) sector in Japan, which aligns well with Wontech's strategic objectives.

Industry Overview in Japan

The Japanese dental industry is a robust sector, characterized by advanced technology and high consumer awareness regarding dental health. Japan is witnessing an inc