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October 2, 2006
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New Group Management Structure under Holding Company System
Main companies' names determined; preparations accelerating for new system in 2007
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Tokyo, October 2, 2006—Since introducing a holding company system in July 2007, Kirin Brewery Company, Limited ("Kirin") (president: Kazuyasu Kato) has been building a new group management structure designed to enable the quantum leap envisioned in its long-term operating framework "Kirin Group Vision 2015" ("KV2015"). Today, Kirin announced the names of its main group companies, which had been tentative, and will accelerate preparations for the start of the new structure in 2007.
The name of the holding company is Kirin Holdings Company, Limited. The name of the domestic alcohol business company that will be separated is Kirin Brewery Company, Limited, while the pharmaceuticals business company is named Kirin Pharma Company, Limited and the name of the company which will be in charge of support function business and shared group services, such as accounting and personnel affairs, for the Group is Kirin Business Expert Company, Limited. Details such as the location, capital, directors, and number of employees of each company are still be considered.
Kirin also determined that it will make Takeda-Kirin Foods Corporation (president: Yoshihiko Kitamura) a wholly-owned subsidiary on April 1, 2007, and will change its name to Kirin Food-Tech Company, Limited. The new company will aim to develop and provide seasoning and food ingredients, highlighting taste and health based on the fermentation and production technologies accumulated by Kirin and Takeda. In 2007, Kirin Food-Tech will begin production of seasoning at a new production base in Indonesia, which will boast world-class productivity and quality. The company will then expand its operations in Asia and Oceania, which are priority areas for the Kirin Group, and by supplying food materials to group companies, will contribute to the development of the health and functional foods business, which is positioned as the fourth pillar of KV2015.
To build a new Group management system, Kirin Group made Kirin Beverage Corporation (president: Yoshikazu Arai), the core company in the beverage business, a wholly-owned subsidiary on October 1, 2006. Kirin Agribio Company, Limited (president: Manabu Matsuo), the core company in the agribio business which changed its name and was made a wholly-owned subsidiary, and Kirin Yakult NextStage Company, Limited (president: Noboru Yamazaki), a new company that will become the core of the health and functional foods business, also started operations on the same day. Now that the Group has determined the names of its main group companies, it will step up preparations toward the start of the new system.
Kirin Group aims to bolster its corporate value by achieving a quantum leap in growth and creating a Group premium towards the realization of KV2015. The Group will continue to offer new proposals as a corporate group that consistently develops bonds with customers and brings out the joy of food and health.
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