Management Using Achievement of Theme-Specific Development Schedules as Medium- to Long-Term Indicators
First written in FY2017. 3 of 5 entries say "Restated". Latest entry: FY2025.
Kidswell Bio moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2025: 2 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「In the biosimilar business, we have established sustained operating profitability on a standalone basis as a management metric, with the aim of executing development investments efficiently and balancing earnings with development investment. In the cell therapy business, where research and development investment precedes revenue generation, we establish research and development costs and medium- to long-term development plans for each development product and use their progress and achievement status as management metrics.」
The previous framework, which emphasized achievement of development schedules by theme, has been developed into business-specific management: sustained standalone operating profitability for biosimilars, and progress and achievement of development plans for cell therapy. - FY2020RestatedAnnual report
「Over the medium to long term, we will set a development schedule for each theme, use the degree of schedule achievement as a metric, and manage the business while carefully considering the efficiency of related research and development investments.」
The policy of using the degree of achievement of development schedules by theme as a medium- to long-term management metric, rather than short-term financial metrics, is being reaffirmed. - FY2019RestatedAnnual report
「Over the medium to long term, we will set a development schedule for each theme, use the degree of schedule achievement as a metric, and manage the business while carefully considering the efficiency of related research and development investments.」
The policy of using the degree of achievement of development schedules by theme as a medium- to long-term metric, rather than short-term financial metrics, is being reaffirmed. - FY2018RestatedAnnual report
「Accordingly, we have not established short-term management metrics, but over the medium to long term we will set a development schedule for each theme, use the degree of schedule achievement as a metric, and manage the business while carefully considering the efficiency of related research and development investments.」
The policy of using the degree of achievement of development schedules by theme as a medium- to long-term management metric, rather than short-term financial metrics, is being reaffirmed. - FY2017First statedAnnual report
「Accordingly, we have not established short-term management metrics, but over the medium to long term we will set a development schedule for each theme, use the degree of schedule achievement as a metric, and manage the business while carefully considering the efficiency of related research and development investments.」
The policy of not establishing short-term financial metrics and using the development schedule for each theme and the degree of achievement as medium- to long-term management metrics was stated for the first time.