Kyowa Kirin Co., Ltd.
Notice Regarding Change in Dividend Policy (DOE and Progressive Dividend)
Kyowa Kirin Co., Ltd. will change its dividend policy from a core EPS payout ratio of 40% to a DOE of 4% or more with a progressive dividend starting from the fiscal year ending December 2026, with the dividend for 2026 planned to increase to ¥70 per share (up from ¥62).
Key Figures
- Effective period of dividend policy change: From fiscal year ending December 2026
- Dividend per share for fiscal year ending December 2025: ¥62 (Target payout ratio of 40% based on core EPS)
- Forecast dividend per share for fiscal year ending December 2026: ¥70 (DOE of 4% or more)
AI要約
Details of the Change in Dividend Policy
Kyowa Kirin Co., Ltd. will revise its dividend policy from the fiscal year ending December 2026, shifting from continuous dividend increases based on a target payout ratio of 40% of core EPS to a progressive dividend policy that aims to achieve a DOE (Dividends on Equity) of 4% or more and maintain or increase the per-share dividend amount. This change aims to realize more stable and sustainable dividend payments.
Reasons for the Change and Future Dividend Outlook
The change in dividend policy is motivated by management’s focus on capital costs, enhanced shareholder returns, and improved capital efficiency. The dividend for fiscal 2026 is planned to increase by ¥8 from ¥62 in fiscal 2025 to ¥70, continuing stable profit distribution.
