2503
Kirin Holdings Company, Limited
キリンホールディングス株式会社
Consumer Defensive · Beverages - Brewers
Kirin Holdings Company, Limited engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses. The company's products include beer, wine, soft drinks, dairy products, margarine, jams, and honey. It engages in the management and operation of a chain of Kirin City beer pubs. The company also produces and sells pharmaceutical products. In addition, it manufactures and sells amino acids and nucleic acids for pharmaceutical and industrial use, as well as bulk pharmaceuticals, machines, cosmetics, and health foods. Further, the company provides logistics, accounting, human resources, and real estate services. Additionally, it is involved in the development of internal information systems and the manufacturing and sale of nutritional supplements. The company was formerly known as Kirin Brewery Company, Limited and changed its name to Kirin Holdings Company, Limited in July 2007. Kirin Holdings Company, Limited was founded in 1885 and is headquartered in Nakano, Japan.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥2,433.4B
¥2,338.4B
¥2,134.4B
¥1,989.5B
¥1,821.6B
Cost of Sales
¥1,275.4B
¥1,272.4B
¥1,170.9B
¥1,083.8B
¥998.7B
Gross Profit
¥1,158.0B
¥1,066.0B
¥963.5B
¥905.7B
¥822.8B
SG&A
¥906.2B
¥855.0B
¥762.0B
¥714.6B
¥657.4B
Operating Income
¥209.7B
¥125.3B
¥150.3B
¥116.0B
¥68.1B
Non-Operating Income
¥10.7B
¥14.6B
¥9.0B
¥11.0B
¥4.1B
Interest Income
¥7.1B
¥10.4B
¥3.5B
¥4.0B
¥2.0B
Non-Operating Expenses
¥18.3B
¥18.0B
¥10.5B
¥6.5B
¥7.0B
Interest Expense
¥11.0B
¥6.9B
¥5.9B
¥4.9B
¥4.4B
Pre-tax Income
¥237.9B
¥139.7B
¥197.0B
¥191.4B
¥99.6B
Net Income (owners)
¥147.5B
¥58.2B
¥112.7B
¥111.0B
¥59.8B
Minority Interest
¥30.6B
¥27.6B
¥37.7B
¥32.8B
¥8.6B
Comprehensive Income
¥227.7B
¥158.2B
¥261.8B
¥219.8B
¥117.3B
EBITDA
¥311.5B
¥221.0B
¥237.5B
¥202.0B
¥149.2B
EPS
¥182.13
¥71.87
¥139.16
¥135.08
¥71.73
Shares Outstanding
811.7M
811.8M
811.8M
811.8M
834.0M
Shares Issued (total)
914.0M
914.0M
914.0M
914.0M
914.0M
Treasury Shares
102.3M
102.2M
102.2M
102.2M
80.0M
Metric
FY 2025
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FY 2024
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FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
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Total Assets
¥3,494.0B
¥3,354.2B
¥2,869.6B
¥2,542.3B
¥2,471.9B
Current Assets
¥1,070.9B
¥1,041.2B
¥957.8B
¥887.0B
¥826.6B
Cash & Deposits
¥125.3B
¥118.6B
¥131.4B
¥88.1B
¥149.5B
Non-Current Assets
¥2,423.1B
¥2,313.0B
¥1,911.8B
¥1,655.2B
¥1,645.3B
PP&E
¥739.0B
¥674.0B
¥592.9B
¥560.6B
¥533.9B
Goodwill
¥533.3B
¥501.5B
¥390.6B
¥289.5B
¥264.2B
Intangible Assets
¥694.7B
¥659.6B
¥303.5B
¥200.9B
¥196.3B
Deferred Tax Assets
¥83.1B
¥109.8B
¥109.3B
¥111.3B
¥109.4B
Total Liabilities
¥1,898.9B
¥1,820.4B
¥1,443.7B
¥1,289.1B
¥1,323.9B
Current Liabilities
¥779.0B
¥744.1B
¥672.8B
¥632.7B
¥599.0B
ST Debt
¥81.0B
¥78.0B
¥100.7B
¥114.5B
¥101.5B
Non-Current Liabilities
¥1,119.9B
¥1,076.4B
¥770.9B
¥656.4B
¥725.0B
Total LT Borrowings
¥842.4B
¥779.6B
¥555.7B
¥408.7B
¥450.0B
Deferred Tax Liab.
¥125.2B
¥123.2B
¥38.9B
¥13.6B
¥10.6B
Total Equity
¥1,595.1B
¥1,533.7B
¥1,425.8B
¥1,253.2B
¥1,148.0B
Capital Surplus
—
¥9.5B
¥21.1B
¥25.5B
¥25.1B
Retained Earnings
¥1,201.1B
¥1,130.9B
¥1,128.5B
¥1,063.8B
¥998.2B
Treasury Stock
¥-251.0B
¥-251.4B
¥-251.7B
¥-251.8B
¥-201.8B
AOCI
¥234.9B
¥190.4B
¥132.5B
¥40.4B
¥-29.3B
Equity (owners)
¥1,287.0B
¥1,181.5B
¥1,132.6B
¥980.0B
¥894.2B
Minority Interests
¥308.2B
¥352.2B
¥293.3B
¥273.2B
¥253.8B
Total Interest-Bearing Debt ⓘ
¥923.4B
¥857.6B
¥656.4B
¥523.1B
¥551.5B
Net Cash ⓘ
¥-798.1B
¥-739.0B
¥-525.0B
¥-435.1B
¥-402.0B
NCAV ⓘ
¥-828.0B
¥-779.3B
¥-485.9B
¥-402.0B
¥-497.3B
NCAV/Share
¥-1,020
¥-960
¥-599
¥-495
¥-596
BV/Share
¥1,585
¥1,456
¥1,395
¥1,207
¥1,072
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥295.4B
¥242.8B
¥203.2B
¥135.6B
¥219.3B
D&A
¥101.8B
¥95.7B
¥87.2B
¥85.9B
¥81.1B
Investing CF
¥-185.0B
¥-329.4B
¥-226.1B
¥-10.4B
¥-56.4B
Financing CF
¥-110.5B
¥58.1B
¥35.9B
¥-167.8B
¥-180.5B
Free Cash Flow
¥295.4B
¥242.8B
¥203.2B
¥135.6B
¥219.3B
Net Change in Cash
¥17.4B
¥-12.8B
¥17.9B
¥-35.9B
¥-12.2B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
9.4%
3.9%
8.4%
9.2%
5.2%
ROA
4.3%
1.9%
4.2%
4.4%
2.4%
EPS
¥182.13
¥71.87
¥139.16
¥135.08
¥71.73
DPS
¥74.00
¥71.00
¥71.00
¥69.00
¥65.00
FCF/Share
¥364
¥299
¥250
¥167
¥263
NCAV/Share
¥-1,020
¥-960
¥-599
¥-495
¥-596
Payout Ratio
40.6%
98.8%
51.0%
51.1%
90.6%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 9
Date Activist Stake Event Flag Demands Source
2026-04-21
Nomura Securities Co.,Ltd.
5.09%
initial_5pct
Passive
—
2026-03-18
BlackRock Japan Co., Ltd.
7.64%
change
Passive
—
2025-09-19
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.07%
+0.24%
initial_5pct
Passive
—
2025-03-21
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
4.83%
-0.3%
change
Passive
—
2024-01-10
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.13%
+0.05%
change
Passive
—
2023-12-06
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.08%
-0.04%
change
Passive
—
2023-09-22
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.12%
-0.32%
change
Passive
—
2023-08-07
Mitsubishi UFJ Financial Group Inc.
4.12%
change
Passive
—
2023-07-06
Sumitomo Mitsui Trust Asset Management Co.,Ltd.
5.44%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
141,758
17.46%
2
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
54,803
6.75%
3
明治安田生命保険相互会社(常任代理人 株式会社日本カストディ銀行)
31,346
3.86%
4
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
25,279
3.11%
5
SMBC日興証券株式会社
12,828
1.58%
6
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部)
11,619
1.43%
7
日本証券金融株式会社
10,578
1.30%
8
JPモルガン証券株式会社
9,577
1.17%
9
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口4)
8,837
1.08%
10
MOXLEY AND CO LLC (常任代理人 株式会社三菱UFJ銀行)
6,820
0.84%
Domestic Nominees
25.3%
+1.1% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
4.5%
-1.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
8.8%
-1.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
日本マスタートラスト信託銀行
17.76%
17.11%
17.46%
+0.35%
日本カストディ銀行
7.10%
7.05%
7.83%
+0.78%
明治安田生命保険
3.86%
3.86%
3.86%
State Street
5.40%
4.59%
3.11%
-1.48%
SMBC日興証券
1.98%
1.98%
1.58%
-0.40%
JP Morgan
NEW ENTRY
—
—
—
1.43%
NEW
日本証券金融
1.23%
1.24%
1.30%
+0.06%
JPモルガン証券
NEW ENTRY
1.15%
—
1.17%
NEW
MOXLEY AND CO LLC
NEW ENTRY
—
—
—
0.84%
NEW
THE NOMURA TRUST AND BANKING CO., LTD. AS THE TRUSTEE OF REPURCHASE AGREEMENT MOTHER FUND
last seen 2024
Exited Top 10
—
1.56%
—
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)
last seen 2024
Exited Top 10
—
1.09%
—
BNY Mellon
last seen 2024
Exited Top 10
1.05%
0.99%
—
Concentration (HHI)
ⓘ
418
388
399
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥1,021M
+115% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥1,021M total
FY2023
¥474M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Nightingale Health Oyj
1,021
2,702,077
474
2,702,077
Portfolio total
1,021
474
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding