4547
KISSEI PHARMACEUTICAL CO.,LTD.
キッセイ薬品工業株式会社
Pharmaceutical
Kissei Pharmaceutical Co., Ltd. researches, develops, manufactures, and sells pharmaceutical products primarily in Japan. The company offers Calogra tablets, for the treatment of ulcerative colitis; Tabneos capsules for the treatment of microscopic polyangiitis and granulomatous polyangiitis; Minirin Melt OD tablets; Corsuba Intravenous Dialysis Syringe for the treatment of chronic idiopathic thrombocytopenic purpura; Beova tablets for the treatment of overactive bladder treatment; and Darbepoetin Alfa BS injection JCR for the treatment of renal anemia. Its products in pipeline include CG0070, which is in Phase III clinical trial to treat non-muscle-invasive bladder cancer; Linzagolix, which is in Phase III clinical trial for the treatment of uterine fibroids and endometriosis; KDT-3594, which is in Phase II clinical trial to treat Parkinson's disease; KSP-0243 that is in Phase II clinical trial to treat Ulcerative colitis; and Difelikefalin, which is in Phase III clinical trial to treat uremic pruritus in dialysis patients. The company is also developing Silodosin for dysuria associated with benign prostatic hyperplasia; and Fostamatinib for tyrosine kinase inhibitor. In addition, it develops and sells protein controlled and energy supply food; and purchases and sells related materials, as well as offers system development and information processing, construction contracting, facility and equipment management, and information gathering and development support services. Further, the company engages in the information equipment rentals; insurance agency business; manufactures and sells noodles; and undertakes construction of factories, research institutes, offices, etc., as well as computer system design and development, and cloud services. Kissei Pharmaceutical Co., Ltd. was formerly known as Kissei Yakuhin Kogyo Co., Ltd. and changed its name to Kissei Pharmaceutical Co., Ltd. in October 1964. The company was incorporated in 1946 and is based in Matsumoto, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥97.4B
¥88.3B
¥75.6B
¥67.5B
¥65.4B
Cost of Sales
¥51.6B
¥44.3B
¥38.2B
¥35.1B
¥34.1B
Gross Profit
¥45.8B
¥44.1B
¥37.3B
¥32.4B
¥31.2B
SG&A
¥48.7B
¥38.3B
¥33.3B
¥33.5B
¥32.6B
Operating Income
¥-2.9B
¥5.8B
¥4.0B
¥-1.1B
¥-1.4B
Non-Operating Income
¥2.3B
¥1.5B
¥2.3B
¥1.8B
¥2.1B
Dividend Income
—
¥1.4B
¥1.3B
¥1.4B
¥1.5B
Interest Income
—
¥57M
¥21M
¥23M
¥42M
Non-Operating Expenses
—
¥341M
¥203M
¥109M
¥127M
Interest Expense
—
¥21M
¥18M
¥20M
¥23M
Ordinary Income
¥-1.2B
¥7.0B
¥6.1B
¥598M
¥562M
Pre-tax Income
¥16.9B
¥15.6B
¥14.4B
¥13.7B
¥16.5B
Income Taxes
¥2.9B
¥3.6B
¥3.2B
¥3.0B
¥3.5B
Current Tax
—
¥2.9B
¥3.3B
¥2.1B
¥4.0B
Deferred Tax
—
¥716M
¥-104M
¥932M
¥-542M
Net Income (owners)
¥13.8B
¥12.0B
¥11.2B
¥10.5B
¥12.9B
Minority Interest
—
¥14M
¥128M
¥105M
¥110M
Comprehensive Income
—
¥-1.9B
¥36.0B
¥-4.2B
¥-13.8B
EBITDA
¥1.7B
¥10.4B
¥8.3B
¥3.0B
¥2.3B
EPS
¥331.54
¥274.21
¥246.61
¥228.31
¥280.20
Shares Outstanding
—
42.8M
44.2M
46.1M
46.1M
Shares Issued (total)
—
47.9M
49.3M
51.8M
51.8M
Treasury Shares
—
5.1M
5.1M
5.7M
5.7M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥275.1B
¥244.1B
¥260.9B
¥221.2B
¥238.1B
Current Assets
¥115.0B
¥107.0B
¥104.6B
¥100.6B
¥99.3B
Cash & Deposits
¥29.1B
¥25.2B
¥22.9B
¥25.9B
¥30.0B
Trade Receivables
—
¥28.8B
¥27.7B
¥21.9B
¥21.7B
Non-Current Assets
¥160.1B
¥137.1B
¥156.4B
¥120.6B
¥138.7B
PP&E
¥28.1B
¥27.1B
¥24.9B
¥24.6B
¥24.1B
Goodwill
—
¥242M
¥309M
—
—
Intangible Assets
—
¥1.9B
¥2.0B
¥1.5B
¥1.6B
Investment Securities
¥104.3B
¥84.9B
¥106.4B
¥74.8B
¥96.6B
Deferred Tax Assets
—
¥566M
¥608M
¥433M
¥524M
Total Liabilities
¥43.5B
¥33.9B
¥39.8B
¥26.4B
¥35.9B
Current Liabilities
¥21.7B
¥16.6B
¥17.7B
¥15.0B
¥18.7B
Accounts Payable
—
¥4.6B
¥4.9B
¥4.6B
¥4.1B
ST Debt
¥1.2B
¥1.3B
¥1.3B
¥1.5B
¥1.6B
Taxes Payable
—
¥1.5B
¥2.4B
¥408M
¥3.5B
Non-Current Liabilities
¥21.9B
¥17.4B
¥22.1B
¥11.4B
¥17.2B
Deferred Tax Liab.
—
¥16.5B
¥21.2B
¥10.4B
¥16.3B
Total Equity
¥231.5B
¥210.1B
¥221.1B
¥194.8B
¥202.2B
Capital Stock
—
¥24.4B
¥24.4B
¥24.4B
¥24.4B
Capital Surplus
—
¥24.2B
¥24.2B
¥24.2B
¥24.2B
Retained Earnings
¥136.3B
¥131.5B
¥127.3B
¥125.6B
¥118.2B
Treasury Stock
—
¥-14.5B
¥-13.2B
¥-12.9B
¥-12.9B
AOCI
—
¥43.5B
¥57.3B
¥32.7B
¥47.5B
Equity (owners)
¥169.3B
¥165.6B
¥162.7B
¥161.2B
¥153.9B
Minority Interests
—
¥1.1B
¥1.1B
¥914M
¥794M
Total Interest-Bearing Debt ⓘ
¥1.2B
¥1.3B
¥1.3B
¥1.5B
¥1.6B
Net Cash ⓘ
¥27.8B
¥23.9B
¥21.6B
¥24.4B
¥28.4B
NCAV ⓘ
¥71.4B
¥73.0B
¥64.8B
¥74.3B
¥63.4B
NCAV/Share
—
¥1,707
¥1,465
¥1,610
¥1,376
BV/Share
—
¥3,868
¥3,680
¥3,497
¥3,336
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥-1.5B
¥6.5B
¥-1.7B
¥-6.7B
¥1.5B
Interest Paid
—
¥-22M
¥-18M
¥-20M
¥-23M
Interest Received
—
¥1.4B
¥1.3B
¥1.3B
¥1.5B
D&A
¥4.6B
¥4.6B
¥4.3B
¥4.1B
¥3.7B
Investing CF
¥17.5B
¥5.0B
¥8.7B
¥6.0B
¥10.8B
CapEx
¥4.9B
¥4.5B
¥1.2B
¥2.1B
¥1.5B
Purchase Investments
—
¥-912M
¥-2.3B
¥-991M
¥-5.7B
Financing CF
¥-10.3B
¥-9.3B
¥-10.0B
¥-3.4B
¥-2.8B
Dividends Paid
—
¥-3.8B
¥-3.7B
¥-3.1B
¥-2.5B
Share Buybacks
—
¥-5.3B
¥-6.0B
¥0M
¥0M
LT Debt Repaid
—
—
—
—
¥-13M
Free Cash Flow
¥-6.4B
¥2.0B
¥-2.9B
¥-8.8B
¥44M
Net Change in Cash
—
¥2.2B
¥-3.0B
¥-4.1B
¥9.6B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
6.2%
5.6%
5.4%
5.3%
6.1%
ROA
5.3%
4.7%
4.6%
4.6%
5.4%
EPS
¥331.54
¥274.21
¥246.61
¥228.31
¥280.20
DPS
¥60.00
¥100.00
¥82.00
¥80.00
¥56.00
BPS
¥5,552.11
¥4,882.71
¥4,977.41
¥4,204.64
¥4,366.96
FCF/Share
—
¥47
¥-65
¥-190
¥1
NCAV/Share
—
¥1,707
¥1,465
¥1,610
¥1,376
Payout Ratio
18.1%
36.5%
33.3%
35.0%
20.0%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 4
Date Activist Stake Event Flag Demands Source
2024-05-20
Brandes Investment Partners, L.P.
5.15%
initial_5pct
Passive
—
2024-03-22
The Hachijuni Bank, Ltd.
4.47%
-1.13%
change
Passive
—
2024-01-05
The Hachijuni Bank, Ltd.
5.6%
-1.01%
change
Passive
—
2023-06-08
The Hachijuni Bank, Ltd.
6.61%
initial_5pct
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-11
16:30
Buyback
¥6.0B 3.1%
Kissei PHARMACEUTICAL board resolved on May 11, 2026 to acquire up to 1,300,000 shares (3.14% of outstanding) for a maxi…
Summary
Kissei PHARMACEUTICAL board resolved on May 11, 2026 to acquire up to 1,300,000 shares (3.14% of outstanding) for a maximum of ¥6.0 billion through market purchases on the Tokyo Stock Exchange between May 12 and December 31, 2026. All acquired shares will be cancelled immediately following completion, reducing outstanding share count and improving capital efficiency while enhancing shareholder returns.
Deadline: 2026-12-31
% of Shares: 3.1%
Shares: 1,300,000
Source (JP)
自己株式を取得すること、及び会社法第178条の規定に基づき自己株式を消却することを決議しました。取得する株式の総数1,300,000株(上限)、株式の取得価額の総額6,000,000,000円(上限)、取得期間2026年5月12日~2026年12月31日
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 23
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
4,911
11.48%
2
株式会社八十二銀行(常任代理人 日本マスタートラスト信託銀行株式会社)
2,133
4.98%
3
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
2,054
4.80%
4
有限会社カンザワ
1,678
3.92%
5
神澤 陸雄
1,545
3.61%
6
Dai-ichi Life Insurance
第一生命保険株式会社(常任代理人 株式会社日本カストディ銀行)
1,536
3.59%
7
Employee Stock Ownership Plan
キッセイグループ従業員持株会
1,233
2.88%
8
鍋林株式会社
1,222
2.86%
9
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505103(常任代理人 株式会社みずほ銀行決済営業部)
1,007
2.35%
10
Northern Trust Company
NORTHERN TRUST CO.(AVFC) RE USL NON-TREATY CLIENTS ACCOUNT(常任代理人 香港上海銀行東京支店)
988
2.31%
Domestic Nominees
16.3%
+1.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.7%
+2.5% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
21.8%
-2.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
8.65%
10.62%
11.48%
+0.86%
式会社八十二銀行
4.99%
4.98%
4.98%
Japan Custody Bank
日本カストディ銀行
5.57%
4.48%
4.80%
+0.32%
限会社カンザワ
3.64%
3.80%
3.92%
+0.12%
神澤 陸雄
3.34%
3.49%
3.61%
+0.12%
Dai-ichi Life Insurance
第一生命保険
4.86%
4.34%
3.59%
-0.75%
Employee Stock Ownership Plan
キッセイグループ従業員持株会
2.88%
2.85%
2.88%
+0.03%
鍋林
2.65%
2.77%
2.86%
+0.09%
State Street
—
2.15%
2.35%
+0.20%
Northern Trust
NEW ENTRY
2.40%
—
2.31%
NEW
Shionogi & Co.,Ltd.
塩野義製薬
last seen 2024
Exited Top 10
—
2.07%
—
式会社長野銀行
last seen 2023
Exited Top 10
2.44%
—
—
Concentration (HHI)
ⓘ
206
228
248
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥28,180M
-9% since 2023
Holdings
23
+2 new
5 exited
Trend
2 unwinding
vs 2023
Held Company
FY2025
¥28,180M total
FY2023
¥30,816M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Shionogi & Co.,Ltd.
塩野義製薬株式会社
7,256
+200.0%
↑
3,231,000
6,437
1,077,000
M
DAIICHI SANKYO COMPANY, LIMITED
第一三共株式会社
4,262
-30.0%
↓
1,214,000
8,361
1,734,000
M
株式会社八十二銀行
3,459
+14.8%
↑
3,276,402
1,641
2,854,000
M
Mizuho Leasing Company, Limited
みずほリース株式会社
2,086
+400.0%
↑
2,000,000
1,404
400,000
M
ZERIA PHARMCEUTICAL CO., LTD.
ゼリア新薬工業株式会社
1,958
867,900
1,948
867,900
M
TOHO HOLDINGS CO.,LTD.
東邦ホールディングス株式会社
1,590
356,581
837
356,581
M
Wakamoto Pharmaceutical Co., Ltd.
わかもと製薬株式会社
1,197
3,778,000
933
3,778,000
M
KYORIN Pharmaceutical Co., Ltd.
杏林製薬株式会社
1,036
NEW
New
690,000
—
M
HOKUTO CORPORATION
ホクト株式会社
932
499,700
926
499,700
M
MEDIPAL HOLDINGS CORPORATION
株式会社メディパルホールディングス
871
NEW
New
373,325
—
M
株式会社T Dホールディングス
634
200,000
328
200,000
SUZUKEN CO.,LTD.
株式会社スズケン
572
-74.9%
↓
115,860
1,543
461,560
M
アルフレッサ ホールディングス株式会社
512
242,800
411
242,800
M
Nippon Shinyaku Co.,Ltd.
日本新薬株式会社
463
122,000
711
122,000
M
株式会社CAC Holdings
416
201,200
338
201,200
M
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
376
92,960
174
92,960
M
Hokuyaku Takeyama Holdings Co., Ltd.
株式会社ほくやく・竹山ホールディングス
259
292,000
184
292,000
M
Vital KSK Holdings Co., Ltd.
株式会社バイタルケーエスケー・ホールディングス
202
160,777
143
160,777
M
ASAHI PRINTING CO.,LTD.
朝日印刷株式会社
99
110,200
96
110,200
M
ONO PHARMACEUTICAL CO., LTD.
小野薬品工業株式会社
—
—
M
Taikisha Ltd.
株式会社大気社
—
—
M
藤森工業株式会社
—
—
M
sanrin co.,ltd.
サンリン株式会社
—
—
M
TAKANO CO.,Ltd.
タカノ株式会社
—
−100%
Exit
—
104
146,700
M
Eisai Co., Ltd.
エーザイ株式会社
—
−100%
Exit
—
2,209
294,500
M
キョーリン製薬ホールディングス株式会社 (注)2
—
−100%
Exit
—
1,175
690,000
M
株式会社メディパル ホールディングス
—
−100%
Exit
—
672
372,852
M
株式会社長野銀行 (注)4
—
−100%
Exit
—
241
166,300
M
Portfolio total
28,180
30,816
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding