July 27, 2009
Kirin Revises Consolidated Earnings Forecasts for the Interim Period of Fiscal 2009
Tokyo, July 27, 2009— Kirin Holdings Company, Limited ("Kirin") has revised its consolidated earnings results forecast for the interim period of fiscal 2009, (previously announced on February 10, 2009) in consideration of its recent business performance and other factors, as follows:
1.Revision of Consolidated Earnings Forecasts for the Interim Period of Fiscal 2009
(January 1, 2009 to June 30, 2009)
|Net income||Net income per share
|Previously announced forecast (A)||1,070,000||36,000||38,000||10,000||¥10.48|
|New forecast (B)||1,060,000||40,000||56,000||14,000||¥14.67|
Actual results for the previous interim period (Interim period of fiscal 2008)
2. Reasons for the revision
Due to fluctuations in exchange rates since the end of 2008 a currency-related gain has arisen on yen denominated Group loans of Kirin's consolidated subsidiaries in Australia.
As a result we expect that consolidated interim ordinary income will be ¥56.0 billion, 47.4% higher than previous forecast, and consolidated interim net income will be ¥14.0 billion, 40.0% higher than previous forecast.
Earnings forecasts for the full year (consolidated and non-consolidated) will be disclosed at the time of announcement of our interim results, which is scheduled for August 6, 2009.