| KIRIN
BREWERY COMPANY, LIMITED |
August
9, 2002 |
SUMMARY
OF CONSOLIDATED INTERIM FINANCIAL STATEMENTS
AS OF JUNE 30, 2002 (UNAUDITED) |
| (English Translation) |
|
| Fiscal year
ending December 31, 2002 |
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| KIRIN BREWERY
COMPANY, LIMITED |
|
| 10-1, Shinkawa
2-chome, Chuo-ku, Tokyo, Japan (URL http://www.kirin.co.jp/english/) |
| Code No.: |
2503 |
| Shares Listed: |
Tokyo, Osaka, Nagoya,
Fukuoka, Sapporo, |
| For further information,
please contact: |
Mr. Sumio Nagata, General
Manager, |
| |
Communications Dept.
Telephone: 81- 3- 5540- 3450 from overseas
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Date of the Board
of Directors' Meeting for the semi-annual operation results: August 9, 2002
Whether US GAAP is
applied: None
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| 1. Business
results and financial positions for the first half of the current fiscal year |
| (January 1,
2002 - June 30, 2002) |
[Unit:
Japanese yen (¥) ] |
| (1) Results
of operations : |
(Fractions
less than ¥1 million have been mitted.) |
|
Sales
(¥ millions) |
Percentage
change
(%) |
Operating
income
(¥ millions) |
Percentage
change
(%) |
Income
before
special items
(¥ millions) |
Percentage
change
(%) |
| 6 months ended June 30,
2002 |
727,889 |
(2.7) |
33,799 |
(6.6) |
30,252 |
(13.7) |
| 6 months ended June 30,
2001 |
784,054 |
0.2 |
36,176 |
(17.3) |
35,053 |
(21.2) |
| Year ended
December 31, 2001 |
1,561,879 |
|
75,065 |
|
69,339 |
|
|
| |
|
Net
income
(¥ millions) |
Percentage
change
(%) |
Net
income
per share
primary
(¥) |
Net
income
per share
diluted
(¥) |
| 6
months ended June 30, 2002 |
10,322 |
(27.4) |
10.50 |
- |
| 6 months ended
June 30, 2001 |
14,227 |
(18.9) |
14.45 |
- |
| Year
ended December 31, 2001 |
23,122 |
|
23.49 |
23.48 |
|
| Notes : |
(1)Equity in earnings
of affiliates: |
| |
June 30, 2002
|
¥
87 million
|
|
|
| June 30, 2001 |
¥
865 million |
December 31, 2001 |
¥
1,864 million |
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(2)Average number of shares
of common stock outstanding during the period(Consolidated): |
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| June 30, 2002 |
983,440,362 |
| June 30, 2001 |
984,500,574 |
| December 31, 2001 |
984,485,996 |
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(3)Change in accounting
policies: None |
| |
(4)Percentage change means
the ratio of increase or decrease in each item of business results for the 6months
ended June 2002, to those for the 6months ended June 30, 2001. |
|
| (2) Financial positions: |
|
Total
assets
(¥ millions) |
Shareholders'
equity
(¥ millions) |
Ratio
of shareholders'
equity to total assets
(%) |
Shareholders'
equity per share
(¥) |
| June 30, 2002 |
1,779,274 |
775,637 |
43.6 |
792.16 |
| June 30, 2001 |
1,732,495 |
798,744 |
46.1 |
811.32 |
| December
31, 2001 |
1,661,652 |
782,902 |
47.1 |
795.29 |
|
| Notes: Number of shares
of common stock issued and outstanding (Consolidated): |
| June 30, 2002 |
979,140,556 |
| June 30, 2001 |
984,500,574 |
| December 31, 2001 |
984,417,871 |
|
|
| (3) Cash flows: |
|
Cash
flows
from operating
activities
(¥ million) |
Cash
flows
from investing
activities
(¥ million) |
Cash
flows
from financing
activities
(¥ million) |
Cash
and
cash equivalents
at end of period
(¥ million) |
| 6
months ended June 30, 2002 |
26,708 |
(133,621) |
63,014 |
99,692 |
| 6 months ended
June 30, 2001 |
18,716 |
(14,378) |
(3,715) |
65,338 |
| Year
ended December 31, 2001 |
71,144 |
(12,108) |
20,865 |
144,331 |
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| (4)Scope of
consolidation and application of equity method : |
| Consolidated subsidiaries: |
297 companies |
| Subsidiaries under equity
method: |
1 company |
| Affiliates under equity
method: |
16 companies |
|
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| (5)Changes
in scope of consolidation and application of equity method : |
Consolidation:
|
Increase 38 companies,
|
Decrease 2 companies |
| Equity method: |
Increase 2 companies, |
Decrease 1 company |
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| 2. Forecast
of business results for the current fiscal year (January 1, 2002-December 31,
2002) |
|
Sales
(¥ million) |
Income
before
special items
(¥ million) |
Net
income
(¥ million) |
| Year
ending December 31, 2002 |
1,580,000 |
74,000 |
26,000 |
|
Note: Forecasted
net income per share ¥26.55
Refer to Page 9-10 for the assumptions and other matters related to the above
forecast. |
