AA Health Dynamics Secures Funding from Ritsumeikan Social Impact Fund for Medical Equipment Finance Business to Solve African Healthcare Challenges

AA Health Dynamics Inc. (Headquarters: Chuo-ku, Tokyo; Representative Director: Kenta Hara; hereinafter "AAHD") has announced that it will receive equity investment (hereinafter "this investment") and anonymous partnership investment from the Ritsumeikan Social Impact Fund Investment Limited Partnership (Unlimited Partner: Plus Social Investment Inc., Headquarters: Kyoto City, Kyoto Prefecture; Representative Director and President: Masato Noike; hereinafter "RSIF").

Starting in fiscal year 2026, AAHD plans to form the "Africa Medical Equity Fund Anonymous Partnership" as an anonymous partnership business and launch its medical finance business. The equity investment is positioned to build a medium- to long-term growth foundation through strengthening capital ties, while the anonymous partnership investment will support the expansion of the medical finance business, aiming to maximize AAHD's business value and social impact.

■ Background and Challenges

In many parts of Africa, obtaining and maintaining medical equipment is difficult, leading to a severe dual challenge: "there are skilled medical personnel but no equipment" or "there is equipment but no skills to operate or maintain it." This creates significant healthcare disparities. This fund was established to solve this structural problem.

■ AA Health Dynamics Inc.'s Past Initiatives

AAHD has been working to improve the quality of healthcare in Africa, primarily in Kenya, by developing training programs for healthcare professionals. They provide practical training and technical support to help local medical staff acquire appropriate skills and maximize the use of limited resources. The formation of this fund builds upon this on-site knowledge and trust, expanding the business to solve the new challenge of access to medical equipment finance.

■ The Social Impact We Aim for at AAHD

The social impact we aim for is to transform healthcare in developing countries from being "objects of aid" to "subjects that generate their own development." The ultimate vision for this is to build an educational ecosystem that continuously nurtures world-class medical professionals locally, by establishing a mechanism like a university specialized in medical and healthcare.

When establishing AAHD, I keenly felt the reality that "social issues cannot be solved by aid alone" through experiences such as the Japan Overseas Cooperation Volunteers. In African healthcare settings, chronic personnel shortages, limited educational opportunities, and difficulty accessing expensive equipment and funding endanger people's lives. Furthermore, while involved in research support as a URA at Ritsumeikan University, I faced another challenge: despite the accumulation of world-class medical technologies, techniques, and knowledge in Japanese universities and research institutions, there was no mechanism to deliver them to healthcare sites in developing countries with scarce medical resources.

These two realities are the origin of our approach.

Education alone cannot deliver healthcare if equipment cannot be purchased, even if people are trained. Finance alone is meaningless if equipment is available but there are no personnel who can use it effectively. That is why we integrate medical education and finance to create a synergistic effect where human resource development and medical infrastructure improvement reinforce each other. By transferring medical techniques and specialized knowledge from Japanese universities and research institutions to local areas, we enhance the capabilities of healthcare professionals, and simultaneously support access to medical equipment through finance, creating a cycle of learning and practice on the ground.

By making this mechanism a sustainable business, we achieve both social problem solving and profitability, ultimately scaling it into a "hub for producing human resources" in the form of a medical and healthcare university. Initially, we will focus on providing finance for medical imaging equipment, while also acting as a bridge between Japan and international companies, working together to build a locally rooted medical ecosystem.

■ Fund Objectives and Mechanism

This fund aims to effectively utilize medical personnel in Africa and supports the following businesses:

① Expanding access to equipment through installment sales of medical equipment (providing finance for equipment purchase)

② Continuous support for local implementers regarding the introduction and utilization of medical equipment

③ Follow-up through training programs for medical staff after equipment introduction

■ Fund Overview

Fund Name: Africa Medical Equity Fund Anonymous Partnership

Anonymous Partner: Ritsumeikan Social Impact Fund Investment Limited Partnership

Operator: AA Health Dynamics Inc.

This Anonymous Partnership Business: Support business for the installment sales business conducted by Africa Asia Health Dynamics Limited, a subsidiary of the operator.

Target Region: African region

Scheme: Provision of finance to local medical institutions through installment sales of medical equipment

■ About Ritsumeikan Social Impact Fund (RSIF)

RSIF is an impact investment fund established by Ritsumeikan Trust, which brings together intellectual resources from students, researchers, and alumni to support businesses that achieve both social problem solving and economic sustainability. It aims to connect educational research with social implementation through investments in startups and social entrepreneurs.
URL：https://r-rimix.com/fund/

■ Comments on the Investment:

Masato Noike, Representative Director, Plus Social Investment Inc.,
Unlimited Partner of Ritsumeikan Social Impact Fund Investment Limited Partnership

This fund was established in fiscal year 2020 with the aim of supporting challenges in solving social issues through new businesses, as one of the embodiments of Ritsumeikan Trust's Academy Vision 2030 "Freedom to Challenge More."

AAHD is dedicated to the uniqueness of its business in comprehensively improving healthcare challenges in African countries, its local expertise, and the formation of a finance scheme that supports problem-solving. We also expect the construction of strategic collaboration schemes with local and Japanese companies for the business to be sustainable. We are confident that AAHD's initiatives will demonstrate solid growth as an investment target and lead to long-term value creation by improving healthcare access in Africa.

Kenta Hara, Representative Director, AA Health Dynamics Inc.

I am honored to receive this investment from RSIF. I have experience as a University Research Administrator (URA: a role that promotes the social implementation of research results) at Ritsumeikan University, and during my tenure, I wanted to expand Ritsumeikan's technology and aspirations to the Global South.

AAHD, stemming from a social venture focused on preventive medicine, has been developing integrated solutions for healthcare professional education, medical equipment introduction support, and medical finance to address structural issues such as chronic medical personnel shortages, limited educational opportunities, and difficulty accessing medical equipment and funding in Africa. We have built a sustainable and scalable business model that provides business solutions to these challenges.

With this investment, in addition to strengthening our financial base, we will achieve further business expansion and impact creation by collaborating with Ritsumeikan's research and education network. We will also strive to establish a model that balances social significance and profitability, providing sustainable returns to our investors.

■ Future Outlook

AAHD, taking this investment and the start of the anonymous partnership business as an opportunity, will promote:
- Acceleration of medical equipment introduction and dissemination in major African countries, including Kenya
- Digitalization of medical personnel education and strengthening of online deployment
- Establishment of a sustainable medical finance model through collaboration with local financial institutions

Together with RSIF, we are committed to contributing to solving social issues in Africa through the realization of an "integrated ecosystem of healthcare, education, and finance."

■ Company Profile

【AA Health Dynamics Inc.】
Location: Heiwa Building No. 3, 3F, 3-13 Kyobashi, Chuo-ku, Tokyo
Representative: Kenta Hara, Representative Director
Business Activities: Medical personnel training mainly in Africa, medical equipment introduction support, medical finance business, consulting for medical expansion into Africa
URL：https://aa-healthdynamics.com

■ Overview of Ritsumeikan Social Impact Fund

Name: Ritsumeikan Social Impact Fund Investment Limited Partnership
Overview: To pursue financial returns and social returns (social impact) by investing in and lending to companies managed by Ritsumeikan Academy students, alumni, etc.
Target: All corporations, including non-profit organizations

Operating Company Name: Plus Social Investment Inc.
Location: 284 Izumicho, Marutamachi-agaru, Kawaramachi-dori, Kamigyo-ku, Kyoto City
Representative: Masato Noike, Representative Director and President

Fund Establishment Date: April 1, 2020
Fund HP：https://r-rimix.com/fund/

Contact for Fund Inquiries：https://www.psinvestment.co.jp/contact/