Kirin Holdings Company, Ltd. Lowers FY 2011 Outlook

Post published:01/02/2012
Reading time:1 min(s) read

Kirin Holdings Company, Ltd. announced that it has lowered its consolidated full-year outlook for revenue from JPY 2,110,000 million to JPY 2,072,000 million, operating profit from JPY 144,000 million to JPY 143,000 million, ordinary profit from JPY 138,000 million to JPY 137,000 million, net profit from JPY 27,000 million to JPY 7,000 million and earning per share from JPY 28.07 to JPY 7.28 for the fiscal year ended December 31, 2011. This is due to the recording of JPY 10 billion impairment loss on fixed assets and JPY 1.8 billion loss on valuation of investment securities as extraordinary losses. According to I/B/E/S Estimates, analysts on average are expecting the Company to report full-year revenue of JPY 2,092.70 billion and net profit of JPY 33.16 billion.

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