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Kirin Holdings, First Half Net Income Decreases by 8%, Apr-Jun Net Income Decreases by 9%

Thu Aug 7, 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 August 7th (15:30). The consolidated net income for the cumulative second quarter of the fiscal year ending December 2025 (January to June) decreased 7.7% from the same period last year to 52.8 billion yen. Progress toward the full-year plan of 150 billion yen was 35.2%, also falling below the five-year average of 52.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to surge 98 times that of the same period last year, reaching 97.1 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income decreased to 28.4 billion yen, a 9.0% decrease compared to the same period last year. The operating profit margin worsened from 8.4% in the same period last year to 6.4%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 970,232 36,922 57,074 31,990 39.5 29.0 Aug 8, 2023 IFRS
Jan - Jun, 2024 1,095,823 80,890 108,541 57,220 70.7 77.7 Aug 6, 2024 IFRS
Jan - Jun, 2025 1,136,309 68,723 83,761 52,835 65.2 36.4 Aug 7, 2025 IFRS
YoY +3.7% -15.0% -22.8% -7.7% -7.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance 37 Feb 14, 2025 IFRS
Jan - Jun, 2025 Results 1,136,309 68,723 83,761 52,835 65.2 37 Aug 7, 2025 IFRS
Revision Rate

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 2,440,000 192,000 230,000 150,000 185.2 74 Feb 14, 2025 IFRS
Dec, 2025 New 2,440,000 192,000 230,000 150,000 185.2 74 Aug 7, 2025 IFRS
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 1,242,562 44,450 31,180 994 1.2 35.50 Feb 14, 2025 IFRS
Jul - Dec, 2025 Guidance 1,303,691 123,277 146,239 97,165 119.9 37 Aug 7, 2025 IFRS
YoY +4.9% +177.3% +369.0% +9,675.2% +9,650.4%

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 Aug 7, 2025 IFRS
YoY +4.3% +53.2% +64.6% +157.7% +157.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 545,852 30,993 38,265 24,338 30.1 5.7 May 13, 2025 IFRS
Apr - Jun, 2025 590,457 37,730 45,496 28,497 35.2 6.4 Aug 7, 2025 IFRS
YoY -0.6% -24.6% -29.3% -9.0% -9.0%

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