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Kirin Holdings, 2.6 times Increase in Net Income for The Current Fiscal Year, Dividend Raised by 3 yen

Fri Feb 14, 2025 3:30 pm JST Earnings

2503 Kirin Holdings Company, Limited 【IFRS】

Earnings Report

Kirin Holdings Company, Limited <2503> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 14th (15:30). The consolidated net income for the fiscal year ending December 2024 dropped 48.3% from the previous period to 58.2 billion yen. In the fiscal year ending December 2025, the profit is expected to surge 2.6 times the previous term, reaching 150 billion yen. This will be the fourth consecutive term of revenue growth.

At the same time, the company has decided to increase the dividend this fiscal year to 74 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from October to December (4Q), the consolidated net income/loss turned to a loss of 21 billion yen (compared to a profit of 28.7 billion yen in the same period last year). The operating profit margin drastically worsened from 6.5% in the same period last year to 0.3%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2022 1,989,468 116,019 191,387 111,007 135.1 69 Feb 14, 2023 IFRS
Dec, 2023 2,134,393 150,294 197,049 112,697 139.2 71 Feb 14, 2024 IFRS
Dec, 2024 2,338,385 125,340 139,721 58,214 71.9 71 Feb 14, 2025 IFRS
YoY +9.6% -16.6% -29.1% -48.3% -48.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 2,300,000 159,000 198,000 96,000 118.5 71 Nov 7, 2024 IFRS
Dec, 2024 Results 2,338,385 125,340 139,721 58,214 71.9 71 Feb 14, 2025 IFRS
Revision Rate +1.7% -21.2% -29.4% -39.4% -39.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 1,095,823 80,890 108,541 57,220 70.7 35.50 Aug 6, 2024 IFRS
Jan - Jun, 2025 Guidance 37 Feb 14, 2025 IFRS
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 2,134,393 150,294 197,049 112,697 139.2 71 Feb 14, 2024 IFRS
Dec, 2024 2,338,385 125,340 139,721 58,214 71.9 71 Feb 14, 2025 IFRS
Dec, 2025 Guidance 2,440,000 192,000 230,000 150,000 185.2 74 Feb 14, 2025 IFRS
YoY +4.3% +53.2% +64.6% +157.7% +157.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 586,522 38,015 54,607 28,784 35.5 6.5 Feb 14, 2024 IFRS
Jan - Mar, 2024 501,762 30,829 44,172 25,900 32.0 6.1 May 9, 2024 IFRS
Apr - Jun, 2024 594,061 50,061 64,369 31,320 38.7 8.4 Aug 6, 2024 IFRS
Jul - Sep, 2024 603,897 42,372 47,464 22,048 27.2 7.0 Nov 7, 2024 IFRS
Oct - Dec, 2024 638,665 2,078 -16,284 -21,054 -26.0 0.3 Feb 14, 2025 IFRS
YoY +8.9% -94.5%

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