KIRIN
BREWERY COMPANY, LIMITED
SUMMARY OF CONSOLIDATED FINANCIAL STATEMENTS AS OF
DECEMBER 31, 2003 (UNAUDITED)
(English Translation)
Fiscal year ended December 31, 2003
|
February
19, 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, |
| |
|
Communications
Dept. |
| |
|
Telephone:
81- 3- 5540- 3450 from overseas |
Date of the Board of Directors’ Meeting for the annual operation
results: February 19, 2004
Whether US GAAP is applied: None
1. Business results and financial positions for the current fiscal
year |
| (January 1,
2003 - December 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
(%)
|
Ordinary
Income
(¥ millions)
|
Percentage
change
(%)
|
| Year
ended December 31, 2003 |
1,597,509
|
0.9
|
101,555
|
13.1
|
94,676
|
12.1
|
| Year
ended December 31, 2002 |
1,583,248
|
1.4
|
89,789
|
19.6
|
84,443
|
21.8
|
| |
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, 2003 |
32,395
|
(0.4)
|
33.27
|
- |
4.1 |
5.4 |
5.9 |
| Year
ended December 31, 2002 |
32,540 |
40.7 |
33.26 |
- |
4.2 |
5.0 |
5.3 |
| Notes : |
[1] |
Equity
in earnings (loss) of affiliates: |
| |
December
31, 2003 |
¥ |
( 2,189) million |
| |
December
31, 2002 |
¥ |
2,102
million |
| |
[2] |
Average
number of shares of common stock outstanding during the period (Consolidated): |
| |
December
31, 2003 |
966,305,073
shares |
| |
December
31, 2002 |
978,318,065
shares |
| |
[3] |
Change in accounting policies: Yes |
| |
[4] |
Percentage
change means the ratio of increase or decrease in each item of business
results for the year ended December 31, 2003, to those for the year
ended December 31,2002. |
| |
Total
assets
(¥ millions)
|
Shareholders’
equity
(¥ millions)
|
Ratio
of shareholders’
equity to total assets
(%)
|
Shareholders’
equity per share
(¥)
|
| December 31,
2003 |
1,787,867
|
803,882
|
45.0
|
831.84
|
| December 31,
2002 |
1,744,131 |
769,227 |
44.1 |
795.71 |
| Notes
: |
Number
of shares of common stock issued and outstanding (Consolidated): |
| |
December
31, 2003 |
966,091,780
shares |
| |
December 31,
2002 |
966,713,386
shares |
| |
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)
|
| Year ended
December 31, 2003 |
118,430
|
(62,867)
|
(30,018)
|
129,978
|
| Year ended
December 31, 2002 |
87,750 |
(175,377) |
50,699 |
105,625 |
| (4)Scope of consolidation and application of equity method : |
| |
Consolidated
subsidiaries: |
309
companies |
| |
Subsidiaries
under equity method: |
None |
| |
Affiliates
under the equity method: |
15 companies |
| (5)Changes in scope of consolidation and application
of equity method : |
| |
Consolidation: |
Increase
17companies, |
Decrease
13 companies |
| |
Equity method: |
Increase 1
company, |
Decrease 3
companies |
| 2. Forecast
of business results for the next 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 |
| (Note)
Please refer to page 8 for the assumptions and other matters
related to the above forecast. |
|
|
