Kirin Holdings Company, Limited Reports Consolidated Earnings Results for the Six Months Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019
August 06, 2019 at 02:30 am EDT
Share
Kirin Holdings Company, Limited reported consolidated earnings results for the six months ended June 30, 2019. For the period, revenue was JPY 929,810 million against JPY 918,244 million a year ago. Profit for the period was JPY 4,520 million against JPY 106,469 million a year ago. Loss per share was JPY 8.33 against profit of JPY 95.22 a year ago. Loss per share – diluted was JPY 8.34 against profit of JPY 95.19 a year ago. Operating profit was JPY 12,934 million against JPY 100,010 million a year ago.
For the year ending December 31, 2019, on consolidated basis, the company expects revenue of JPY 1,965,000 million, profit of JPY 76,000 million and basic EPS of 63.78.
Kirin Holdings Company, Limited is a holding company organized around 3 areas of activity:
- production of beverages (61.6% of net sales): beers, wines and liqueurs (brands Budweiser, Guinness, Heineken, Franzia, Frontera, etc.), carbonated beverages (brands Kirin Lemon), fruit juices (Kirin Tropicana), mineral water (Volvic and Kirin Alkali-Ion-no-Mizu), coffees (Kirin Fire), teas (Kirin Gogo-no-kocha), dairy products etc.;
- manufacturing of pharmaceutical products (19.3%): especially for anemia and allergies treatment;
- other (19.1%) : mainly manufacturing of food products (seasonings, food additives, etc.).
Net sales break down geographically as follows: Japan (64.1%), Oceania (9.6%), America (17.5%) and other (8.8%).
Kirin Holdings Company, Limited Reports Consolidated Earnings Results for the Six Months Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending December 31, 2019
KIRIN HOLDINGS COMPANY, LIMITED 
