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Management Plan

Kirin Group 2016-2018 Medium-Term Business Plan

February 15, 2016

Basic Policy

  • Restructure and revitalize Kirin,Groupwide

Key Initiatives

  • Implement specific strategies in accordance with the positioning of each business
  1. Invest and strengthen and grow profit base in beer businesses (Kirin Brewery, Lion's Beer, Spirits and Wine Business, Myanmar Brewery)
  2. Restructure and revitalize low-profit businesses (Brasil Kirin, Kirin Beverage, Lion's Dairy and Drinks Business)
  3. Invest to achieve outstanding growth in Pharmaceuticals and Bio-chemicals Business (Kyowa Hakko Kirin)

2018 quantitative targets

  • Raising Group profitability is our top priority, targeting increased capital efficiency and sustained growth in shareholder value
  • ROE before amortization of goodwill, etc.: 15%+
  • Normalized EPS*:CAGR6%+
  • *Guidance:2018 Group operating income based on achieving above targets : \160.0 billion+

Financial Strategy

  • Stable shareholder returns through dividends , enhanced financial flexibility
  • Dividend 30%+ of normalized EPS*
  • Repayment of interest-bearing debt
  • *Removing special income and expenses and other non-recurring items to reflect actual earnings more accurately

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© 2007 Kirin Holdings Company, Limited.

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