Japan: Kirin Holdings posts surge in nine-month earnings

Kirin Holdings Co., Ltd., an integrated beverages firm and one of Japan’s leading beer makers, on November 9 posted a surge in earnings for the nine-month period to September 30, amidst a gain from the sale of China Resources Kirin Beverages, recovery in the on-premise channels of the alcoholic beverages business, and the impact of foreign exchange rates.

For the full-year, the Group has reaffirmed its outlook.

For the nine-month period, the Japanese firm posted a profit of 160.777 billion yen or 156.36 yen per share, compared with 69.529 billion yen or 61.91 yen per share a year ago.

Pre-tax earnings were at 204.314 billion yen, higher than last year's 100.348 billion yen.

Operating income stood at 128.431 billion yen as against 78.475 billion yen, posted for the first nine-month period of 2021.

Earnings were helped by a surge in revenue to to 1.457 trillion yen from 1.326 trillion yen a year ago.

Looking ahead, for the fiscal 2022, the company still expects to post a profit of 173 billion yen, with basic earnings per share of 162.93 yen, on sales of 1.990 trillion yen.

For the full-year, Kirin Holding expects to pay a total dividend of 65 yen per share, unchanged from last year.

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