4569
KYORIN Pharmaceutical Co., Ltd.
杏林製薬株式会社
Pharmaceutical
KYORIN Pharmaceutical Co., Ltd., through its subsidiaries, researches and develops, manufactures, and sells ethical and generic drugs in Japan and internationally. The company offers Flutiform, a drug for the treatment of asthma; Lyfuna for cough treatment; Desalex, an antiallergic agent; Beova, and Uritos KYORIN therapeutic agents for overactive bladder; Lasvic, a quinolone synthetic antibacterial agent; Pentasa, a remedy for ulcerative colitis/Crohn's disease; Nasonex and Mometasone KYORIN, which are used as allergic rhinitis therapeutic agents; and Kipres, a leukotriene receptor antagonist anti-bronchial asthma and allergic rhinitis drug. It also provides Mucodyne, a mucoregulating drug; GeneSoC, a real-time PCR system; Rubysta, a disinfectant cleaner; Milton, a disinfectant; over-the-counter drugs; and prescription medicines and quasi-drugs, and diagnostics business. In addition, the company offers subcontracted drug manufacturing services. It has development and commercialization agreement with Hyfe Inc. for digital therapeutics (DTx) for chronic cough. The company was formerly known as KYORIN Holdings, Inc. KYORIN Pharmaceutical Co., Ltd. was founded in 1923 and is headquartered in Tokyo, Japan.
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← Companies
⚠ TSE Capital Mandate
P / Book
0.51×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
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
¥126.3B
¥130.1B
¥119.5B
¥113.3B
¥105.5B
Cost of Sales
¥74.6B
¥70.6B
¥68.1B
¥63.1B
¥56.1B
Gross Profit
¥51.6B
¥59.5B
¥51.4B
¥50.2B
¥49.4B
SG&A
¥48.1B
¥47.0B
¥45.4B
¥45.0B
¥44.4B
Operating Income
¥3.6B
¥12.6B
¥6.0B
¥5.1B
¥5.0B
Non-Operating Income
¥812M
¥870M
¥735M
¥799M
¥677M
Dividend Income
—
¥496M
¥459M
¥446M
¥408M
Interest Income
—
¥1M
¥41M
¥19M
¥2M
Non-Operating Expenses
—
¥218M
¥146M
¥94M
¥115M
Interest Expense
—
¥173M
¥66M
¥66M
¥66M
Ordinary Income
¥4.0B
¥13.2B
¥6.6B
¥5.8B
¥5.6B
Pre-tax Income
¥4.5B
¥12.8B
¥7.0B
¥6.9B
¥5.2B
Income Taxes
¥1.0B
¥3.7B
¥1.7B
¥2.2B
¥1.3B
Current Tax
—
¥3.8B
¥1.9B
¥2.5B
¥1.6B
Deferred Tax
—
¥-123M
¥-200M
¥-279M
¥-346M
Net Income (owners)
¥3.4B
¥9.1B
¥5.3B
¥4.7B
¥3.9B
Comprehensive Income
—
¥8.6B
¥7.9B
¥4.0B
¥3.6B
EBITDA
¥8.2B
¥17.2B
¥10.3B
¥9.0B
¥8.7B
EPS
¥60.03
¥158.17
¥92.74
¥82.44
¥68.62
Shares Outstanding
—
58.1M
58.1M
58.1M
58.1M
Shares Issued (total)
—
64.6M
64.6M
64.6M
64.6M
Treasury Shares
—
6.5M
6.5M
6.5M
6.5M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥195.5B
¥193.6B
¥177.7B
¥176.0B
¥171.9B
Current Assets
¥135.1B
¥136.1B
¥119.3B
¥119.0B
¥116.4B
Cash & Deposits
¥11.8B
¥15.0B
¥13.9B
¥19.4B
¥27.0B
Trade Receivables
—
¥46.1B
¥46.1B
¥45.5B
¥40.2B
Non-Current Assets
¥60.3B
¥57.5B
¥58.4B
¥57.0B
¥55.5B
PP&E
¥30.5B
¥30.3B
¥28.9B
¥25.8B
¥24.3B
Intangible Assets
—
¥4.8B
¥5.1B
¥5.4B
¥3.3B
Investment Securities
¥18.9B
¥20.0B
¥22.1B
¥23.0B
¥25.7B
Deferred Tax Assets
—
¥591M
¥448M
¥1.3B
¥783M
Total Liabilities
¥53.0B
¥57.3B
¥46.9B
¥50.6B
¥47.4B
Current Liabilities
¥29.4B
¥35.1B
¥45.5B
¥35.0B
¥32.2B
Accounts Payable
—
¥15.5B
¥14.3B
¥13.8B
¥10.9B
ST Debt
¥2.9B
¥7.6B
¥20.3B
¥10.3B
¥10.3B
Taxes Payable
—
¥3.2B
¥923M
¥2.0B
¥530M
Non-Current Liabilities
¥23.7B
¥22.2B
¥1.4B
¥15.6B
¥15.2B
Total LT Borrowings
¥20.4B
¥20.2B
¥435M
¥10.6B
¥10.8B
Pension Obligations
—
¥575M
¥117M
¥3.7B
¥2.9B
Deferred Tax Liab.
—
¥59M
¥185M
—
¥175M
Total Equity
¥142.4B
¥136.3B
¥130.8B
¥125.5B
¥124.5B
Capital Stock
—
¥700M
¥700M
¥700M
¥700M
Capital Surplus
—
¥4.8B
¥4.8B
¥4.8B
¥4.8B
Retained Earnings
¥131.5B
¥142.8B
¥136.8B
¥134.4B
¥132.7B
Treasury Stock
—
¥-17.3B
¥-17.4B
¥-17.7B
¥-17.7B
AOCI
—
¥5.4B
¥5.9B
¥3.3B
¥4.0B
Equity (owners)
¥131.1B
¥130.9B
¥124.9B
¥122.2B
¥120.5B
Total Interest-Bearing Debt ⓘ
¥23.3B
¥27.8B
¥20.7B
¥20.9B
¥21.1B
Net Cash ⓘ
¥-11.5B
¥-12.8B
¥-6.8B
¥-1.5B
¥5.9B
NCAV ⓘ
¥82.1B
¥78.8B
¥72.4B
¥68.4B
¥69.0B
NCAV/Share
—
¥1,356
¥1,246
¥1,178
¥1,186
BV/Share
—
¥2,252
¥2,148
¥2,102
¥2,073
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥6.4B
¥3.5B
¥1.5B
¥2.0B
¥6.3B
Interest Paid
—
¥-173M
¥-66M
¥-66M
¥-66M
Interest Received
—
¥505M
¥501M
¥473M
¥420M
D&A
¥4.7B
¥4.6B
¥4.3B
¥3.8B
¥3.7B
Investing CF
¥-1.6B
¥-6.3B
¥-3.2B
¥-6.3B
¥-2.6B
CapEx
¥3.9B
¥5.7B
¥5.8B
¥6.3B
¥2.4B
Purchase Investments
—
¥-152M
¥0M
¥-100M
¥-3.4B
Financing CF
¥-8.0B
¥4.0B
¥-3.3B
¥-3.4B
¥-4.1B
Dividends Paid
—
¥-3.0B
¥-3.0B
¥-3.0B
¥-3.8B
LT Debt Repaid
—
¥-10.2B
¥-200M
¥-200M
¥-200M
Free Cash Flow
¥2.5B
¥-2.2B
¥-4.2B
¥-4.3B
¥3.9B
Net Change in Cash
—
¥1.1B
¥-4.9B
¥-7.4B
¥-186M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.5%
6.8%
4.2%
3.8%
3.2%
ROA
1.8%
4.9%
3.0%
2.7%
2.3%
EPS
¥60.03
¥158.17
¥92.74
¥82.44
¥68.62
DPS
¥20.00
¥57.00
¥52.00
¥52.00
¥52.00
BPS
¥2,479.28
¥2,372.29
¥2,276.52
¥2,189.40
¥2,172.83
FCF/Share
—
¥-38
¥-73
¥-74
¥67
NCAV/Share
—
¥1,356
¥1,246
¥1,178
¥1,186
Payout Ratio
33.3%
36.0%
56.1%
63.1%
75.8%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 9
Date Activist Stake Event Flag Demands Source
2026-05-11
Kopernik Global Investers, LLC
8.75%
+1.11%
change
Passive
—
2025-12-22
Kopernik Global Investers, LLC
7.64%
-1.11%
change
Passive
—
2025-08-05
Yutaka Ogihara
13.47%
+1.35%
change
Passive
—
2025-06-06
Kopernik Global Investers, LLC
8.75%
+1.51%
change
Passive
—
2024-07-22
Kopernik Global Investers, LLC
7.24%
+1.01%
change
Passive
—
2024-02-16
Minoru Ogihara
6.23%
-1.72%
change
Passive
—
2024-02-16
Yutaka Ogihara
12.12%
change
Passive
—
2024-02-15
Minoru Ogihara
7.95%
change
Passive
—
2023-06-21
Kopernik Global Investers, LLC
6.23%
change
Passive
—
Capital Allocation Signals 1
Date
Type
Amount
Summary
2026-05-20
15:30
Special Div
¥2.2B ¥37.0/sh
+0%
KYORIN Pharmaceutical announced a dividend of ¥37 per share (¥2.151 billion total) with an ex-dividend date of March 31,…
Summary
KYORIN Pharmaceutical announced a dividend of ¥37 per share (¥2.151 billion total) with an ex-dividend date of March 31, 2026 and payment date of June 4, 2026. The dividend consists of an ordinary dividend of ¥32 per share and a special dividend of ¥5 per share, bringing total annual dividend to ¥57 per share including the interim dividend of ¥20.
Deadline: 2026-06-04
YoY: +0%
Source (JP)
1株当たり配当金 37円00銭(普通配当 32円00銭)(特別配当 5円00銭)、配当金の総額 2,151百万円
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 13
#
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)
7,157
12.30%
2
株式会社マイカム
4,943
8.50%
3
株式会社ルキウス
2,817
4.84%
4
BBH FOR THE ADVISORS’ INNERCIRCLE FUND II/KOPERNIK GLO ALL-CAP FUND
BBH FOR THE ADVISORS’ INNERCIRCLE FUND II/KOPERNIK GLO ALL-CAP FUND(常任代理人 株式会社三菱UFJ銀行決済事業部)
2,080
3.57%
5
Stock Ownership Plan
キョーリン製薬グループ持株会
2,055
3.53%
6
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
1,994
3.43%
7
株式会社バンリーナ
1,950
3.35%
8
株式会社アーチァンズ
1,950
3.35%
9
株式会社ルーチェス
1,760
3.02%
10
KAKEN PHARMACEUTIAL CO., LTD.
科研製薬株式会社
1,602
2.75%
Domestic Nominees
15.7%
-2.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
32.9%
+0.7% 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
11.23%
12.92%
12.30%
-0.62%
式会社マイカム
8.32%
8.50%
8.50%
式会社ルキウス
—
4.84%
4.84%
BBH FOR THE ADVISORS’ INNERCIRCLE FUND II/KOPERNIK GLO ALL-CAP FUND
BBH FOR THE ADVISORS’ INNERCIRCLE FUND II/KOPERNIK GLO ALL-CAP FUND
↑
—
2.93%
3.57%
+0.64%
Stock Ownership Plan
キョーリン製薬グループ持株会
3.83%
3.51%
3.53%
+0.02%
Japan Custody Bank
日本カストディ銀行
5.29%
5.70%
3.43%
-2.27%
式会社アーチァンズ
3.35%
3.35%
3.35%
式会社バンリーナ
3.35%
3.35%
3.35%
式会社ルーチェス
—
3.02%
3.02%
KAKEN PHARMACEUTIAL CO., LTD.
科研製薬
2.75%
2.75%
2.75%
荻原 万里子
last seen 2023
Exited Top 10
3.02%
—
—
荻原 明
last seen 2023
Exited Top 10
2.74%
—
—
荻原 豊
last seen 2023
Exited Top 10
3.22%
—
—
Concentration (HHI)
ⓘ
295
355
323
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥15,456M
-6% since 2023
Holdings
13
1 exited
Trend
Stable
vs 2023
Held Company
FY2025
¥15,456M total
FY2023
¥16,506M total
Book Val ¥M
Shares
Book Val ¥M
Shares
KAKEN PHARMACEUTIAL CO., LTD.
科研製薬株式会社
3,820
852,500
3,149
852,500
M
ONO PHARMACEUTICAL CO., LTD.
小野薬品工業株式会社
2,903
1,812,000
5,008
1,812,000
M
AIN HOLDINGS INC.
株式会社アインホールディングス
2,015
400,000
2,220
400,000
KISSEI PHARMACEUTICAL CO.,LTD.
キッセイ薬品工業株式会社
1,745
454,000
1,199
454,000
M
TOHO HOLDINGS CO.,LTD.
東邦ホールディングス株式会社
1,672
374,980
881
374,980
M
MEDIPAL HOLDINGS CORPORATION
株式会社メディパルホールディングス
1,007
431,280
778
431,280
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
758
603,200
539
603,200
M
アルフレッサ ホールディングス株式会社
674
319,272
541
319,272
M
Mizuho Financial Group, Inc.
株式会社みずほフィナンシャルグループ
463
114,356
214
114,356
M
SUZUKEN CO.,LTD.
株式会社スズケン
290
58,731
196
58,731
M
Hokuyaku Takeyama Holdings Co., Ltd.
株式会社ほくやく・竹山ホールディングス
109
123,800
78
123,800
M
YAKULT HONSHA CO.,LTD.
株式会社ヤクルト本社
—
—
株式会社イナリサーチ
—
—
NISSHIN SEIFUN GROUP INC.
株式会社日清製粉グループ本社
—
−100%
Exit
—
1,703
1,098,075
M
Portfolio total
15,456
16,506
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding