Kirin Holdings Company, Limited is a Japan-based holding company engaged in the manufacture and sale of alcohol beverages and soft drinks. The Company has four divisions. The Alcohol Beverage division is engaged in the manufacture and sale of beer, sparkling liquor and new alcohol beverage products, as well as the manufacture and sale of wines, the import of alcohol drinks, in addition to the automobile transportation and food industry-related engineering businesses. The Beverage division manufactures and sells soft drinks, milk, dairy products, mineral water, fruit juice and seasonings. The Pharmaceutical division is involved in the manufacture and sale of pharmaceutical products as well as the research and development of pharmaceutical products. The Others division is engaged in the flower-related business. On November 20, 2009, the Company sold a subsidiary, Tsurumi Warehouse Co.,Ltd..
Quick Financial Synopsis
BRIEF: For the nine months ended 30 September 2009, Kirin Holdings Company, Ltd.'s revenues decreased 2% to Y1.668T. Net income decreased 56% to Y41.71B. Revenues reflect lower sales from alcoholic beverages business segment. Net income also suffers from lower operating profit margin, the absence of Y72.65B gains on equity method changes, as well as the presence of Y21.66B loss on sale of affiliate stocks.