<?xml version="1.0" encoding="UTF-8"?>
<informationTable xmlns="http://www.sec.gov/edgar/document/thirteenf/informationtable" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
	<infoTable>
		<nameOfIssuer>3M CO</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>88579Y101</cusip>
		<value>3877</value>
		<shrsOrPrnAmt>
			<sshPrnamt>22000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>22000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ABBOTT LABORATORIES</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>002824100</cusip>
		<value>2781</value>
		<shrsOrPrnAmt>
			<sshPrnamt>65750</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>65750</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ABBVIE INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>00287Y109</cusip>
		<value>3756</value>
		<shrsOrPrnAmt>
			<sshPrnamt>59550</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>59550</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALLERGAN PLC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>G0177J108</cusip>
		<value>4560</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19800</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>19800</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>APPLE INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>037833100</cusip>
		<value>902</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7975</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>7975</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>AUTOMATIC DATA PROCESSING INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>053015103</cusip>
		<value>917</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>10400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>BERKSHIRE HATHAWAY INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>084670108</cusip>
		<value>156976</value>
		<shrsOrPrnAmt>
			<sshPrnamt>726</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>726</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CDK GLOBAL INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>12508E101</cusip>
		<value>199</value>
		<shrsOrPrnAmt>
			<sshPrnamt>3466</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>3466</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>CISCO SYSTEMS INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>17275R102</cusip>
		<value>11924</value>
		<shrsOrPrnAmt>
			<sshPrnamt>375900</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>375900</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COCA COLA CO</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>191216100</cusip>
		<value>15700</value>
		<shrsOrPrnAmt>
			<sshPrnamt>370973</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>370973</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>COSTCO WHOLESALES CORP.</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>22160K105</cusip>
		<value>214</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1400</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>1400</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DANAHER CORPORATION</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>235851102</cusip>
		<value>4690</value>
		<shrsOrPrnAmt>
			<sshPrnamt>59835</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>59835</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>DAVITA HEALTHCARE PARTNERS INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>23918K108</cusip>
		<value>8902</value>
		<shrsOrPrnAmt>
			<sshPrnamt>134730</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>134730</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ECOLAB INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>278865100</cusip>
		<value>1984</value>
		<shrsOrPrnAmt>
			<sshPrnamt>16296</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>16296</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>FORTIVE CORP</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>34959J108</cusip>
		<value>1523</value>
		<shrsOrPrnAmt>
			<sshPrnamt>29917</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>29917</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ALPHABET INC CL-A</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>02079K305</cusip>
		<value>15341</value>
		<shrsOrPrnAmt>
			<sshPrnamt>19080</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>19080</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
        <infoTable>
		<nameOfIssuer>INTERNATIONAL BUSINESS MACHINES CORP</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>459200101</cusip>
		<value>28355</value>
		<shrsOrPrnAmt>
			<sshPrnamt>178500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>178500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>INTUITIVE SURGICAL INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>46120E602</cusip>
		<value>5487</value>
		<shrsOrPrnAmt>
			<sshPrnamt>7570</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>7570</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ISHARES NASDAQ BIOTECHNOLOGY ETF</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>464287556</cusip>
		<value>2750</value>
		<shrsOrPrnAmt>
			<sshPrnamt>9500</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>9500</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>JOHNSON AND JOHNSON</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>478160104</cusip>
		<value>11737</value>
		<shrsOrPrnAmt>
			<sshPrnamt>99360</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>99360</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>KRAFT HEINZ COMPANY</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>500754106</cusip>
		<value>2593</value>
		<shrsOrPrnAmt>
			<sshPrnamt>28972</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>28972</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MEDTRONIC INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>G5960L103</cusip>
		<value>11255</value>
		<shrsOrPrnAmt>
			<sshPrnamt>130270</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>130270</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>MONDELEZ INTERNATIONAL INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>609207105</cusip>
		<value>917</value>
		<shrsOrPrnAmt>
			<sshPrnamt>20898</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>20898</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
        <infoTable>
		<nameOfIssuer>NOVO NORDISK A/S</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>670100205</cusip>
		<value>11503</value>
		<shrsOrPrnAmt>
			<sshPrnamt>276570</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>276570</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
        <infoTable>
		<nameOfIssuer>PRAXAIR INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>74005P104</cusip>
		<value>3456</value>
		<shrsOrPrnAmt>
			<sshPrnamt>28600</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>28600</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROCTER AND GAMBLE CO</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>742718109</cusip>
		<value>2640</value>
		<shrsOrPrnAmt>
			<sshPrnamt>29420</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>29420</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROSHARES CDS SHRT NRTH AMER HY CRDT ETF(WYDE)</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>74347B870</cusip>
		<value>35</value>
		<shrsOrPrnAmt>
			<sshPrnamt>1000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>1000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROSHARES SHORT HIGH YIELD(SJB)</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>949746101</cusip>
		<value>2493</value>
		<shrsOrPrnAmt>
			<sshPrnamt>99692</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>99692</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>PROSHARES ULTRASHORT 20+Y TR</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>74347B201</cusip>
		<value>3341</value>
		<shrsOrPrnAmt>
			<sshPrnamt>105742</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>105742</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>REPUBLIC SERVICES INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>760759100</cusip>
		<value>1624</value>
		<shrsOrPrnAmt>
			<sshPrnamt>32200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>32200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>ROPER TECHNOLOGIES INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>776696106</cusip>
		<value>1825</value>
		<shrsOrPrnAmt>
			<sshPrnamt>10000</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>10000</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>SANOFI-AVENTIS SA</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>80105N105</cusip>
		<value>6272</value>
		<shrsOrPrnAmt>
			<sshPrnamt>164230</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>164230</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>US BANCORP</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>902973304</cusip>
		<value>1167</value>
		<shrsOrPrnAmt>
			<sshPrnamt>27200</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>27200</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>VISA INC</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>92826C839</cusip>
		<value>8402</value>
		<shrsOrPrnAmt>
			<sshPrnamt>101598</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>101598</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
	<infoTable>
		<nameOfIssuer>WELLS FARGO</nameOfIssuer>
		<titleOfClass>COMMON</titleOfClass>
		<cusip>949746101</cusip>
		<value>39786</value>
		<shrsOrPrnAmt>
			<sshPrnamt>898510</sshPrnamt>
			<sshPrnamtType>SH</sshPrnamtType>
		</shrsOrPrnAmt>
		<investmentDiscretion>SOLE</investmentDiscretion>
		<otherManager>N/A</otherManager>
		<votingAuthority>
			<Sole>898510</Sole>
			<Shared>0</Shared>
			<None>0</None>
		</votingAuthority>
	</infoTable>
</informationTable>
