TOKYO -- Even as temperatures rise in a historic heat wave, the stocks of Japan's largest brewers have slipped as consumers lose their taste for beer.
Kirin Holdings reported Tuesday that its net profit for the six months through June fell 49% from a year earlier to 86 billion yen ($772 million). Beer sales by volume declined 4%. Sales of operations in the last fiscal year had a significant impact on the company's results. The company's stock extended a multi-session losing streak to hit a 2018 low.
