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Consumer Non-Durables

Kirin Holdings Co., Ltd.

Business Summary

Kirin Holdings Co., Ltd. engages in the manufacture and sale of beverages and pharmaceutical products. It operates through the following segments: Japan Beer and Spirits, Japan Non-Alcoholic Beverages, Oceania Integrated Beverages, Pharmaceuticals, and Other. The Japan Beer and Spirits segment manufactures and sells beer, sparkling wine, Western liquor, and other alcoholic beverages through its subsidiary. The Japan Non-Alcoholic Beverages segment handles the manufacture and sale of soft drinks in Japan through its subsidiary. The Oceania Integrated Beverages segment provides beer, Western liquor, dairy products, and fruit juice drinks in the Oceania region through its subsidiary. The Pharmaceuticals segment deals with prescription drugs through its subsidiary. The Other segment includes domestic wine, Myanmar liquor, North American beverage, and biochemical businesses. The company was founded on February 23, 1907 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2022 JPYUSD
Gross Profit863,851M6,567.82M
Operating income184,063M1,399.42M
Income before tax168,607M1,281.91M
Net income111,007M843.98M
Diluted EPS135.061.02
Dividends Per Share690.52
Total Assets2,542.26B19,267.59M
Total liabilities1,289.06B9,769.67M
Total equity980,022M7,427.50M
Operating cash flow135,562M1,030.67M
Currency in JPYCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 1,930.52B 1,941.30B 1,849.54B 1,821.57B 1,989.46B
Gross Profit 805,163M 808,740M 765,430M 784,648M 863,851M
Operating income 191,174M 179,363M 147,691M 150,637M 184,063M
Income before tax 218,404M 83,101M 99,798M 65,127M 168,607M
Net income 164,202M 59,642M 71,935M 59,790M 111,007M
EBITDA 259,120M 260,105M 229,800M 231,767M 270,000M
Diluted EPS 183.52 67.97 85.54 71.70 135.06
Dividends Per Share 51 64 65 65 69
Total Assets 2,303.62B 2,412.87B 2,459.36B 2,471.93B 2,542.26B
Total liabilities 1,102.70B 1,266.04B 1,363.42B 1,323.94B 1,289.06B
Total equity 916,080M 906,576M 838,584M 894,179M 980,022M
Operating cash flow 198,051M 178,826M 164,839M 219,303M 135,562M
 Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022
Revenue 17,479.83M 17,808.37M 17,322.94M 16,578.83M 15,125.85M
Gross Profit 7,290.31M 7,418.89M 7,169.06M 7,141.39M 6,567.82M
Operating income 1,730.97M 1,645.36M 1,383.28M 1,371.00M 1,399.42M
Income before tax 1,977.53M 762.31M 934.71M 592.74M 1,281.91M
Net income 1,486.76M 547.12M 673.74M 544.17M 843.98M
EBITDA 2,346.19M 2,386.04M 2,152.31M 2,109.40M 2,052.80M
Diluted EPS 1.66 0.62 0.80 0.65 1.02
Dividends Per Share 0.46 0.58 0.60 0.59 0.52
Total Assets 20,996.43M 22,202.65M 23,820.64M 21,466.13M 19,267.59M
Total liabilities 10,050.62M 11,649.86M 13,205.72M 11,497.06M 9,769.67M
Total equity 8,349.63M 8,342.08M 8,122.27M 7,765.00M 7,427.50M
Operating cash flow 1,793.24M 1,640.44M 1,543.89M 1,995.96M 1,030.67M

Valuation Measures

Dec 2022
Operating margin9.25%
Profit margin5.57%


  • President & Representative Director: Yoshinori Isozaki
  • Managing Executive Officer, Head-R&D Strategy: Koji Fukada
  • Representative Director & Vice President: Keisuke Nishimura
  • Director & Managing Executive Officer: Toshiya Miyoshi
  • Director & Managing Executive Officer: Noriya Yokota


  • Kirin Holdings Co., Ltd. (11.1%)
  • Nomura Asset Management Co., Ltd. (4.2%)
  • Meiji Yasuda Life Insurance Co. (3.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.0%)
  • The Vanguard Group, Inc. (2.8%)
  • Nikko Asset Management Co., Ltd. (2.0%)
  • Daiwa Asset Management Co. Ltd. (1.8%)
  • BlackRock Fund Advisors (1.6%)
  • Norges Bank Investment Management (1.2%)
  • Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (1.0%)

Contact Details

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Last Updated on 22 Sep, 2023

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