Kirin Holdings Co. Ltd. · TSE:2503

Kirin — Corporate Update (April 2019)

6 slides from Kirin's corporate update, Apr 26, 2019

  1. Slide 1: Recognition of impairment loss, transfer of part of the subsidiary business, and revision of consolidated full-year forecast

    Recognition of impairment loss, transfer of part of the subsidiary business, and revision of consolidated full-year forecast April 26, 2019 Kirin Holdings Company, Limited

  2. Slide 2: Today's announcement

    Today's announcement Kirin today announced the matters that were resolved and incurred in the course of sale process of Lion-Dairy and Drinks (LDD) 2018 Commencement of September Strategic Review  Recognition of impairment loss: approx. ¥57.1 bn based on the valuation of LDD in April, 2019 October

  3. Slide 3: 1. Recognition of impairment loss

    1. Recognition of impairment loss • Kirin is expected to record an impairment loss of approx. ¥57.1 bn in Q1 FY19. • Based on the offers received by April 2019, Kirin and Lion found it necessary to write down the carrying value of LDD, taking into account the level of the offer price and the prolong

  4. Slide 4: 2. Transfer of specialty cheese business

    2. Transfer of specialty cheese business Lion Beer, Spirits and Wine LDD The other businesses incl. beverages and drinks Specialty cheese business (white milk, MBB*1, yoghurt, juices, etc.) Transfer to Saputo Continue negotiation Dairy Australia with the offerers • Transfer price: approx. ¥22.4 bn*2

  5. Slide 5: 3. Revision of consolidated earnings forecast for FY19

    3. Revision of consolidated earnings forecast for FY19 • Downward revise the fill-year forecast due to impairment loss • Impairment loss of approx. ¥57.1 bn is expected to be recorded as other operating expenses • Dividend forecast is unchanged for both interim and year-end as impairment loss record

  6. Slide 6: This material is intended for informational purposes only

    This material is intended for informational purposes only and is not a solicitation or offer to buy or sell securities or related financial instruments.

Kirin Holdings Company — Corporate Update (April 2019) on 6ix