Kirin Holdings Reports Strong First-Half Profit Increase

Kirin Holdings Company, Limited reported a significant increase in profit for the first half of the fiscal year, ending June 30, 2026. The company’s intermediate profit increased substantially year-over-year, boosted by a gain from the sale of Four Roses Distillery and favorable exchange rates.

Revenue also rose compared to the same period last year, benefiting from robust sales in beer, beverages, pharmaceuticals, and health science. The positive exchange rate impact, particularly the weakening of the yen against the US dollar and Australian dollar, added approximately ¥51 billion to revenue and ¥9.3 billion to operating profit.

Lion, Kowa Kirin, and Coke Northeast all contributed to revenue growth. New Belgium sales increased by 13.5% in yen terms, supported by strong performance of existing brands and new product launches. Coke Northeast increased revenue by 18.2% in yen terms, driven by increased sales volume related to events like the FIFA World Cup.

Assets decreased by ¥92.8 billion compared to the end of the previous fiscal year, while capital increased by ¥85.5 billion. Liabilities decreased by ¥1.783 billion due to repayment of corporate bonds and borrowings.

The company’s results reflect a favorable economic environment, including a weaker yen, which positively impacted overseas revenue and profitability. However, the impact of rising material and fuel costs due to geopolitical factors was partially offset by strong sales and cost reductions.