KIRIN
BREWERY COMPANY, LIMITED
SUMMARY OF CONSOLIDATED INTERIM FINANCIAL STATEMENTS
AS OF JUNE 30, 2003 (UNAUDITED)
(English Translation)
Fiscal year ended December 31, 2003
|
August 8, 2003
|
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 and Sapporo |
| |
Representative: |
Mr. Koichiro Aramaki, President |
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For further information, please contact: |
Mr. Hideo Mori, General Manager, |
| |
|
Communications Dept. |
| |
|
Telephone: 81- 3- 5540- 3450 from overseas |
Date of the Board of Directors' Meeting for the semi-annual operation results:
August 8, 2003
Whether US GAAP is applied: None
1. Business results and financial positions for the first half of the current fiscal year |
| (January 1, 2003 - June 30, 2003) |
[Unit: Japanese yen (¥) ]
|
| (1) Results of operations: |
(Fractions
less than¥1 million have been omitted.)
|
| |
Sales
(¥ millions)
|
Percentage
change
(%)
|
Operating
income
(¥ millions)
|
Percentage
change
(%)
|
Income
before
extraordinary items
(¥ millions)
|
Percentage
change
(%)
|
| 6 months ended
June 30, 2003 |
732,812
|
0.7
|
37,576
|
11.2
|
39,015
|
29.0
|
| 6 months ended
June 30, 2002 |
727,889
|
(2.7)
|
33,799
|
(6.6)
|
30,252
|
(13.7)
|
| Year ended
December 31, 2002 |
1,583,248
|
|
89,789
|
|
84,443
|
|
| |
Net income
(¥ millions) |
Percentage
change
(%) |
Net income
per share
primary
(¥) |
Net income
per share
diluted
(¥) |
| 6 months ended
June 30, 2003 |
13,931
|
35.0
|
14.42
|
- |
| 6 months ended
June 30, 2002 |
10,322
|
(27.4)
|
10.50
|
- |
| Year ended
December 31, 2002 |
32,540 |
|
33.26 |
- |
| Notes : |
1. |
Equity in earnings of affiliates: |
| |
June 30, 2003 |
¥ |
2,479million |
| |
June 30, 2002 |
¥ |
87million |
| |
December 31,
2002 |
¥ |
2,102million |
| |
2. |
Average number of shares of common stock outstanding during the period(Consolidated): |
| |
June 30, 2003 |
966,404,828 shares |
| |
June 30, 2002 |
983,440,362 shares |
| |
December 31, 2002 |
978,318,065 shares |
| |
3. |
Change in accounting policies: Yes |
| |
4. |
Percentage change means the ratio of increase or decrease in each item of business results for the 6 months ended June 30,2003 to those for the 6 months ended June 30, 2002. |
| |
Total
assets
(¥ millions)
|
Shareholders’
equity
(¥ millions)
|
Ratio
of shareholders’
equity to total assets
(%)
|
Shareholders’
equity per share
(¥)
|
| June 30, 2003 |
1,712,634
|
780,951
|
45.6
|
808.16
|
| June 30, 2002 |
1,779,274
|
775,637
|
43.6
|
792.16
|
| December 31, 2002 |
1,744,131 |
769,227 |
44.1 |
795.71 |
| Notes : |
:Number of shares of common stock issued and outstanding (Consolidated): |
| |
June 30, 2003 |
966,337,168 shares |
| |
June 30, 2002 |
979,140,556 shares |
| |
December 31, 2002 |
966,713,386 shares |
| |
Cash flows
from operating
activities
(¥ millions)
|
Cash flows
from investing
activities
(¥ millions)
|
Cash flows
from financing
activities
(¥ millions)
|
Cash and
cash equivalents
at end of period
(¥ millions)
|
| 6 months ended June 30,
2003 |
23,528
|
(35,737)
|
(19,271)
|
74,136
|
| 6 months ended June 30,
2002 |
26,708
|
(133,621)
|
63,014
|
99,692
|
| Year ended December 31, 2002 |
87,750 |
(175,377) |
50,699 |
105,625 |
| (4)Scope of consolidation and application of equity method : |
| |
Consolidated subsidiaries: |
315 companies
|
| |
Subsidiaries under equity method: |
-
|
| |
Affiliates applied by the equity method: |
14 companies
|
| (5)Changes in scope of consolidation and application
of equity method : |
| |
Consolidation: |
Increase
11companies, |
Decrease
1companies |
| |
Equity method: |
Increase - |
Decrease 3 companies |
| 2. Forecast of business results for the current fiscal year (January 1, 2003-December 31, 2003) |
| |
Sales
(¥ millions)
|
Income
before
extraordinary items
(¥ millions)
|
Net income
(¥ millions)
|
| Year ending December 31,
2003 |
1,610,000
|
87,000
|
33,000
|
| Note: |
Forecasted net income
per share ¥34.15
Forecasted operating income ¥90,000 million |
| Refer to Page
9 for the assumptions and other matters related to the above forecast. |
|
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