Kirin Holdings Selected As An SX Brand
- IR
- CSV
April 23, 2024
Kirin Holdings Company, Limited
TOKYO, Tuesday April 23, 2024 - Kirin Holdings Company, Limited (Kirin Holdings) was selected by the Ministry of Economy, Trade and Industry (METI) and the Tokyo Stock Exchange (TSE) as an SX Brand *1 .
SX Brands (SX=Sustainability Transformation) are selected by METI and the TSE from among companies listed on the TSE and awarded to those companies that, through constructive dialogue with investors and others, incorporate society's sustainability issues and needs into their own growth and promote necessary corporate management and business transformation. The TSE selects and recognizes leading companies that are creating long-term, sustainable corporate value by incorporating society's sustainability issues and needs into their own growth through constructive dialogue with investors and others, and by implementing the necessary management reforms and business transformation.
In its Long-Term Management Vision, Kirin Group Vision 2027 (KV2027), Kirin Holdings aims to be "A global leader in CSV*2, creating value across our world of Food & Beverages to Pharmaceuticals” Kirin Holdings is promoting Group-wide CSV management to achieve the Kirin Group CSV Purpose*3, which is a guideline for co-creating value with society and achieving sustainable growth, and is working to create economic value through our business in addition to social value.
Commended Points
Setting goals by backcasting & forecasting
In terms of backcasting, KV2027 was commended for its ability to envision its future positioning (“a global leader in CSV”) in view of changes in the environment (maturing beer markets in advanced countries, increasing craft and premiumization worldwide, etc.).
From a forecasting perspective, the KV2027 business plan was highly praised for setting goals in all three of its business areas, based on its core technology of fermentation and biotechnology, which continues to this day since its founding.
Establish a business model that will serve as the foundation for long-term, sustainable corporate value based on the vision of the company
Based on its vision of "A global leader in CSV, creating value across our world of Food & Beverages to Pharmaceuticals," Kirin Holdings was commended for its efforts to expand its scale in its Health Science domain, which links Food & Beverages and Pharmaceuticals domains.
Kirin Holdings aims to develop its Health Science business by utilizing its strengths in fermentation and biotechnology, in new businesses and unique materials such as Lactococcus lactis strain Plasma [postbiotic] (LC-Plasma).
Human capital strategy linked to the management strategy.
Kirin Holdings recognizes the importance of developing human resources with expertise and diversity, as the shift in its business portfolio will require it to improve its organizational capabilities and ability to execute strategies in the short term, and in the medium to long term, to transform its business and take on challenges in new areas, not only in the areas it is strengthening, but also in our existing businesses. In response to this, Kirin Holdings was commended for its efforts to hone diverse perspectives and values and to link the strengthening of human resources to the enhancement of organizational capabilities through such means as personnel transfers across business lines and the provision of opportunities to take on advanced and wide-ranging challenges.
*1 Ministry of Economy, Trade, and Industry news release "Selected 'SX Issues 2024'"
https://www.meti.go.jp/english/press/2024/0423_001.html
*2 Creating Shared Value. Combined added value for consumers as well as for society at large.
*3 Kirin Group CSV Purpose
About Kirin Holdings
Kirin Holdings Company, Limited is an international company that operates in the Food & Beverages domain (Food & Beverages businesses), Pharmaceuticals domain (Pharmaceuticals businesses), and Health Science domain (Health Science business), both in Japan and across the globe.
Kirin Holdings can trace its roots to Japan Brewery which was established in 1885. Japan Brewery became Kirin Brewery in 1907. Since then, Kirin Holdings expanded its business with fermentation and biotechnology as its core technologies, and entered the pharmaceutical business in the 1980s, all of which continue to be global growth centers. In 2007, Kirin Holdings was established as a pure holding company and is currently focusing on boosting its Health Science domain.
Under the Kirin Group Vision 2027 (KV 2027), a long-term management plan launched in 2019, the Kirin Group aims to become “A global leader in CSV*, creating value across our world of Food & Beverages to Pharmaceuticals.” Going forward, the Kirin Group will continue to leverage its strengths to create both social and economic value through its businesses, with the aim of achieving sustainable growth in corporate value.