KIRIN
BREWERY COMPANY, LIMITED
SUMMARY OF CONSOLIDATED FINANCIAL RESULTS FOR THE FIRST QUARTER
ENDED MARCH 31, 2004 (UNAUDITED)
(English Translation)
Fiscal year ending December 31, 2004
|
May 11,
2004
|
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 |
| |
For
further information, please contact: |
Mr.
Hideo Mori, Executive officer, |
| |
|
General
Manager of 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: None |
| |
Changes in scope of consolidation
and application of equity method: |
| |
Consolidation:
Decrease 1 company |
| |
Equity
method: Decrease 1 company |
| |
|
| 2. |
Business
results and financial positions for the first quarter of 2004
(January 1, 2004- March 31, 2004) |
| |
[Unit: Japanese yen (¥) ]
|
| (1) Results of operations: |
(Fractions
less than ¥1 million have been omitted.)
|
| |
Sales
(¥ millions)
|
Percentage
change
(%)
|
Operating
income
(¥ millions)
|
Percentage
change
(%)
|
Ordinary
Income
(¥ millions)
|
Percentage
change
(%)
|
First
quarter ended March 31,
2004 |
326,496
|
3.6
|
14,583
|
46.2
|
13,156
|
54.4
|
First
quarter ended March 31,
2003 |
315,239
|
3.8
|
9,973
|
179.4
|
8,520
|
345.0
|
| Year
ended December 31, 2003 |
1,597,509
|
|
101,555
|
|
94,676
|
|
| |
Net income
(¥ millions)
|
Percentage
change
(%)
|
Net income
per share
primary
(¥)
|
Net income
per share
diluted
(¥)
|
| First
quarter ended March 31,2004 |
3,564
|
341.3
|
3.69
|
-
|
| First
quarter ended March 31,2003 |
807
|
-
|
0.84
|
-
|
| Year
ended December 31, 2003 |
32,395
|
|
33.27
|
-
|
| Notes : |
Percentage
change means the ratio of increase or decrease in each item of business
results for the first quarter ended March 31, 2004, to those for
the first quarter ended March 31, 2003. |
| |
Total
assets
(¥ millions)
|
Shareholders’
equity
(¥ millions)
|
Ratio
of shareholders’
equity to total assets
(%)
|
Shareholders’
equity per share
(¥)
|
| March 31,
2004 |
1,732,960
|
818,687
|
47.2
|
847.54
|
| March 31,
2003 |
1,657,438
|
756,457
|
45.6
|
782.74
|
| December 31,
2003 |
1,787,867
|
803,882
|
45.0
|
831.84
|
| |
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)
|
| First quarter
ended March 31,2004 |
(15,121)
|
(15,988)
|
16,804
|
115,755
|
| First quarter
ended March 31,2003 |
(14,759)
|
(12,566)
|
15,749
|
93,660
|
| Year ended
December 31, 2003 |
118,430
|
(62,867)
|
(30,018)
|
129,978
|
| 3. Forecast
of business results for the current fiscal year (January 1, 2004-December
31, 2004) |
| |
Sales
(¥ millions)
|
Ordinary
income
(¥ millions)
|
Net
income
(¥ millions)
|
| 6 months ending
June 30, 2004 |
780,000
|
37,000
|
13,000
|
| Year ending
December 31, 2004 |
1,700,000
|
102,000
|
43,000
|
| (Reference) |
Forecasted
net income per share (Year ending December 31,2004) |
¥
44.25 |
| |
Forecasted
operating income (6 months ending June 30,2004) |
¥
39,000 millions |
| |
Forecasted
operating income (Year ending December 31,2004) |
¥
106,000 millions |
|
