KIRIN
BREWERY COMPANY, LIMITED
SUMMARY OF CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER
ENDED MARCH 31, 2003 (UNAUDITED)
(English Translation)
Fiscal year ending December 31, 2003
|
May 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 |
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For further
information, please contact: |
Mr. Hideo
Mori, General Manager, |
| |
|
Communications
Dept. |
| |
|
Telephone:
81- 3- 5540- 3450 from overseas |
1. |
Items pertaining to preparation of quarterly consolidated statements of income,
etc.
|
| |
Whether US GAAP is applied:
None |
| |
Change in accounting
policies: Yes (Please see “SEGMENT INFORMATION”) |
| |
Changes in scope of consolidation
and application of equity method: |
| |
Consolidation
: Increase 8 companies ,Decrease 1 company |
| |
Equity
method: Decrease 2 companies |
| |
|
| 2. |
Business results and
financial positions for the first quarter of 2003 (January 1, 2003 - March 31,
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
(%)
|
| First quarter
ended March 31,2003 |
315,239
|
3.8
|
9,973
|
179.4
|
8,520
|
345.0
|
| First quarter
ended March 31,2002 |
303,714
|
(1.8)
|
3,570
|
(38.3)
|
1,914
|
(61.9)
|
| 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
(¥)
|
| First quarter
ended March 31,2003 |
807
|
-
|
0.84
|
-
|
| First quarter
ended March 31,2002 |
(238)
|
-
|
(0.24)
|
-
|
| Year ended
December 31, 2002 |
32,540
|
|
33.26
|
-
|
| Notes : |
Percentage change means
the ratio of increase or decrease in each item of business results for the first
quarter ended March 31, 2003, to those for the first quarter ended March 31, 2002. |
| |
Total
assets
(¥ millions)
|
Shareholders'
equity
(¥ millions)
|
Ratio
of shareholders'
equity to total assets
(%)
|
Shareholders'
equity per share
(¥)
|
| March 31, 2003 |
1,657,438
|
756,457
|
45.6
|
782.74
|
| March 31, 2002 |
1,699,142
|
777,078
|
45.7
|
789.46
|
| December 31, 2002 |
1,744,131
|
769,227
|
44.1
|
795.71
|
| |
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)
|
| First quarter ended March
31,2003 |
(14,759)
|
(12,566)
|
15,749
|
93,660
|
| First quarter ended March
31,2002 |
(27,081)
|
(126,045)
|
103,775
|
94,519
|
| Year ended December 31,
2002 |
87,750
|
(175,377)
|
50,699
|
105,625
|
| 3. Forecast of business
results for the current fiscal year (January 1, 2003-December 31, 2003) |
| |
Sales
(¥ million)
|
Income
before
extraordinary items
(¥ million)
|
Net income
(¥ million)
|
Net income
Per share
(¥)
|
| 6 months ending June 30,
2003 |
770,000
|
36,000
|
11,000
|
11.38
|
| Year ending December 31,
2003 |
1,670,000
|
98,000
|
39,000
|
40.35
|
| Notes : |
Forecasted operating income |
| |
6 months ending June 30,
2003 |
¥ 36,000
million
|
| |
Year ending December 31,
2003 |
¥ 100,000
million
|
|
