Capital Policy Balancing Growth Investment and Shareholder Returns
First written in FY2017. 5 of 9 entries say "Restated". Latest entry: FY2026.
KYORIN Pharmaceutical moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「We will prioritize investment to expand our pipeline for sustainable growth from Stage 3 onward, consider increasing the dividend in light of business performance and cash flow, while securing an annual dividend of ¥25 per share.」
In Stage 2, the company has organized its existing policy of balancing growth investment and shareholder returns into a policy of prioritizing pipeline expansion investment while securing dividends. - FY2024RestatedAnnual report
「Our basic capital policy is to improve capital efficiency through growth investment and shareholder returns while maintaining a sound financial base and remaining constantly mindful of the cost of capital and return on capital.」
The company continues its policy of improving capital efficiency through growth investment and shareholder returns while remaining mindful of the cost of capital and return on capital. - FY2023ReframedAnnual report
「Our basic capital policy is to improve capital efficiency through growth investment and shareholder returns while maintaining a sound financial base and remaining constantly mindful of the cost of capital and return on capital.」
The company has explicitly added a constant focus on the cost of capital and return on capital to its existing policy of improving capital efficiency. - FY2019RestatedAnnual report
「Our basic policy is to improve capital efficiency through growth investment and shareholder returns while maintaining a sound financial base」
The company continues its policy of improving capital efficiency through growth investment and shareholder returns while maintaining a sound financial base. - FY2019-Q3RestatedAnnual report
「Regarding capital policy, we will seek to improve capital efficiency through growth investment and shareholder returns while maintaining a sound financial base.」
The company continues its policy of improving capital efficiency through growth investment and shareholder returns while maintaining a sound financial base. - FY2019-Q2RestatedAnnual report
「Regarding capital policy, we will seek to improve capital efficiency through growth investment and shareholder returns while maintaining a sound financial base.」
The company continues its policy of improving capital efficiency through growth investment and shareholder returns while maintaining a sound financial base. - FY2019-Q1ReframedAnnual report
「Regarding capital policy, we will seek to improve capital efficiency through growth investment and shareholder returns while maintaining a sound financial base.」
The company has clarified its existing policy of balancing growth investment and shareholder returns as a policy centered on improving capital efficiency. - FY2018RestatedAnnual report
「While maintaining a sound financial base, we will pursue a capital policy that balances growth investment and shareholder returns.」
The company has reaffirmed its policy of balancing growth investment and shareholder returns while maintaining a sound financial base. - FY2017First statedAnnual report
「While maintaining a sound financial base, we will pursue a capital policy that balances growth investment and shareholder returns.」
The Group aims to balance growth investment and shareholder returns while maintaining a sound financial base.