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Kirin Holdings Co Ltd KIR

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Morningstar’s Analysis

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Company Profile

Business Description

Kirin is the second largest brewer in Japan with a 35.2% market share as of 2019. It holds a top share in happoshu (low-malt beer) and new genre (no-malt beer) categories. Apart from beer, it also operates a wide range of acholic and soft beverage products in Japan. It has made several acquisitions including Lion Nathan and National Foods in Oceania, the second-largest Brazilian brewer Schincariol, and Myanmar Brewery over the past decade. Management has shifted focus back to the domestic brewery after a painful exit from Brazil in 2017, and has identified craft beer and healthcare as new growth drivers. Overseas business represents about 34% of group’s sales. It also owns a 48.6% stake in the largest Filipino brewer San Miguel.

Contact
Nakano Central Park South, 10-2, Nakano 4-chome
Tokyo, 164-0001, Japan
T +81 368377000
Sector Consumer Defensive
Industry Beverages - Brewers
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2019
Stock Type
Employees 35,717