Terumo

From durable good to disposable: the plastic syringe (1963)

Key decision·1963· Terumo — the full company history →

One argument — infection — that remade the business

The heart of this decision was not a better syringe but a change in what Terumo sold and how demand behaved. For forty years the company had lived off the thermometer, a durable good bought once and kept for decades — a business with a hard ceiling, since the domestic market was finite and each unit rarely sold twice. The plastic disposable syringe inverted that: a device used once and discarded generates demand that recurs and compounds. Against a hospital culture that boiled and reused glass syringes and saw throw-away goods as wasteful, Terumo had only one argument, but it was decisive — reuse spread hepatitis and other infections, and no economy of reuse was worth that. On that single point the convention gave way.

What the switch really created was a manufacturing base and a demand curve Terumo would build on for half a century. The high-volume moulding skill carried over from thermometers, the plants at Fujinomiya and Ashitaka, the widening line of infusion sets and disposable devices — these turned a single-product measuring-instrument maker into a maker of consumables whose sales rose with the sheer volume of medical care. Every later Terumo — the catheters, the blood systems, the prefilled syringes — is an extension of the disposable-device franchise begun here. The company’s technical depth in things used once and thrown away starts with this decision.

Revenue and net margin, FY1958–FY1968

Revenue in ¥ bn (bars) and net margin in % (line), for the years around the decision. Shaded columns are FY1963 onwards — after it was taken.

Source: securities reports

Read the full history in Japanese →

This decision is covered inside the company's full Japanese history, alongside the financial tables, shareholders and executives.

Other key decisions at Terumo


Yen amounts are converted at the average rate of each figure’s own year — not today’s rate; the revenue chart is shown in yen. Exchange rates & sources — the full ¥/US$ table →


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Data API

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Method Endpoint Returns
GET /api/companies.json All companies
GET /api/4543/manifest.json Resource index
GET /api/4543/history.json History overview
GET /api/4543/timeline.json Chronology
GET /api/decisions.json All management decisions (index)
GET /api/4543/decisions.json Management decisions (index)
GET /api/4543/decisions/{slug}.json One decision (full dossier)
GET /api/4543/executives.json Executives
GET /api/4543/shareholders.json Major shareholders
GET /api/4543/financials.json Financial statements
GET /api/4543/financials-longterm.json Long-term results
GET /api/4543/segments.json Business segments
GET /api/4543/regions.json Sales by region
GET /api/4543/workforce.json Workforce