KIRIN BREWERY COMPANY, LIMITED
SUMMARY OF CONSOLIDATED FINANCIAL STATEMENTS AS OF
DECEMBER 31, 2002 (UNAUDITED)
(English Translation)
Fiscal year ended December 31, 2002
|
February 19, 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, Sapporo, |
| |
Representative: |
Mr. Koichiro Aramaki, President |
| |
For further information, please contact: |
Mr. Sumio Nagata, General Manager, |
| |
|
Communications Dept. |
| |
|
Telephone: 81- 3- 5540- 3450 from overseas |
Date of the Board of Directors' Meeting for the annual operation
results: February 19, 2003
Whether US GAAP is applied: none
1. Business results and financial positions for the current fiscal
year |
| (January 1, 2002 - December
31, 2002) |
[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
special items
(¥ millions)
|
Percentage
change
(%)
|
| Year ended December 31, 2002 |
1,583,248
|
1.4
|
89,789
|
19.6
|
84,443
|
21.8
|
| Year ended December 31, 2001 |
1,561,879
|
(1.2)
|
75,065
|
(20.5)
|
69,339
|
(25.5)
|
| |
Net income
(¥ millions) |
Percentage
change
(%) |
Net income
per share
primary
(¥) |
Net income
per share
diluted
(¥) |
Ratio of net
income to
shareholders'
equity
(%) |
Ratio of
ordinary
income to
total assets
(%) |
Ratio of
ordinary
income to
sales
(%) |
| Year ended December 31, 2002 |
32,540
|
40.7
|
33.26
|
|
|
4.2
|
5.0
|
5.3
|
| Year ended December 31, 2001 |
23,122
|
(29.8)
|
23.49
|
23.48
|
3.0
|
4.2
|
4.4
|
| Notes : |
1. |
Equity in earnings of affiliates: |
| |
December 31, 2002 |
¥ 2,102 million |
| |
December 31, 2001 |
¥ 1,864 million |
| |
2. |
Average number of shares of common
stock outstanding during the period (Consolidated ): |
| |
December 31, 2002 |
978,318,065 shares |
| |
December 31, 2001 |
984,485,996 shares |
| |
3. |
Change in accounting policies: None |
| |
4. |
Percentage change means the ratio
of increase or decrease in each item of business results for the
year ended December 31,
2002, to those for the year ended December 31,2001. |
| |
Total assets
(¥ millions)
|
Shareholders'
equity
(¥ millions)
|
Ratio of shareholders'
equity to total assets
(%)
|
Shareholders'
equity per share
(¥)
|
| December 31, 2002 |
1,744,131
|
769,227
|
44.1
|
795.71
|
| December 31, 2001 |
1,661,652
|
782,902
|
47.1
|
795.29
|
| Notes : |
:Number of shares of common stock issued and outstanding
(Consolidated) |
| |
December 31, 2002 |
966,713,386 shares |
| |
December 31, 2001 |
984,417,871 shares |
| |
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)
|
| Year ended December 31, 2002 |
87,750
|
(175,377)
|
50,699
|
105,625
|
| Year ended December 31, 2001 |
71,144
|
(12,108)
|
20,865
|
144,331
|
| (4)Scope of consolidation and application of equity
method : |
| |
Consolidated subsidiaries: |
305 companies
|
| |
Subsidiaries under equity method: |
1 company
|
| |
Affiliates under equity method: |
16 companies
|
| (5)Changes in scope of consolidation and application
of equity method : |
| |
Consolidation: |
Increase 47 companies, |
Decrease 3 companies |
| |
Equity method: |
Increase 3 companies, |
Decrease 2 companies |
| 2. Forecast of business results for the next fiscal
year (January 1, 2003-December 31, 2003) |
| |
Sales
(¥ million)
|
Income before
special items
(¥ million)
|
Net income
(¥ million)
|
| 6 months ending June 30,2003 |
770,000
|
36,000
|
11,000
|
| Year ending December 31, 2003 |
1,670,000
|
98,000
|
39,000
|
Note: Forecasted net income per share ¥ 40.34
Refer to page 8 - 9 for the assumptions and other matters related
to the above forecast. |
|
