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July 9, 2007

Revision of Interim Forecasts

Kirin Holdings Company, Limited ("Kirin"), based on recent trends in business performance and others, today announced revisions of consolidated and non-consolidated forecasts for the interim period of the fiscal year ending December 31, 2007. The previous forecasts were announced with the release of the results for the previous year on February 7, 2007.

1. Revisions of consolidated interim forecasts (January 1, 2007 to June 30, 2007)

(¥million, %)
  Sales Operating
income
Ordinary
income
Net income
Previous forecasts (A) 859,000 38,000 37,000 10,000
Revised (B) 837,000 40,000 42,000 15,000
Change (B) − (A) (22,000) 2,000 5,000 5,000
Change (%) (2.6) 5.3 13.5 50.0
Previous interim results
(To June 30, 2006)
782,722 44,991 47,159 18,973

2. Revisions of non-consolidated interim forecasts (January 1, 2007 to June 30, 2007)

(¥million, %)
  Sales Operating
income
Ordinary
income
Net income
Previous forecasts (A) 447,000 11,000 29,000 19,000
Revised (B) 425,000 14,000 32,000 22,000
Change (B) − (A) (22,000) 3,000 3,000 3,000
Change (%) (4.9) 27.3 10.3 15.8
Previous interim results
(To June 30, 2006)
438,282 17,906 38,673 26,708

3. Reasons for revisions
(1)Consolidated
Consolidated forecasts have been revised according to the revisions at the non-consolidated level and to the good performance at the Company's affiliate San Miguel Corporation
(2)Non-consolidated
Cost savings on promotion and advertising fees, and delay in application for portion of the payment to second half of the fiscal year
Better-than-expected performance at pharmaceutical business
As a result of the factors such as above, forecast consolidated net income for the interim period is ¥15.0 billion, 50.0% higher than the previous forecast.

Consolidated and non-consolidated forecasts for the full year will be presented at the interim results announcement scheduled on August 3rd, 2007.

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© 2007 Kirin Holdings Company, Limited.

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