KIRIN REPORT 2016 READY FOR A LEAP Toward Sustainable Growth through KIRIN s CSV
CONTENTS COVER STORY What is Kirin? P.2 2 4 6 8 10 12 SECTION 1 14 TOPICS 24 26 CSV 28 CFO 32 34 P.14 SECTION 2 3 47 36 38 40 42 P.36 44 46
SECTION 3 ESG ESG P.48 48 ESG 49 50 54 56 57 62 SECTION 4 2016 2017 66 At a Glance 68 70 74 77 P.66 KIRIN REPORT 2016 78 11 78 2016 80 84 86 2017 2017 2 13 KIRIN HOLDINGS COMPANY, LIMITED 1
COVER STORY What is KIRIN? OUR VISION & STRENGTH 1907 2 KIRIN REPORT 2016
OUR VISION & STRENGTH 3 P.44 45 P.42 43 P.46 47 KIRIN HOLDINGS COMPANY, LIMITED 3
COVER STORY What is KIRIN? OUR LEADERSHIP 4 KIRIN REPORT 2016
RTD OUR LEADERSHIP QOL KIRIN HOLDINGS COMPANY, LIMITED 5
COVER STOR Y What is KIRIN? OUR NEW DEVELOPMENTS キリン の 新 たな 一 手 キリングループは 長期にわたる持続的成長に向け 新たな 価値創造に挑戦しています 社会と共有できる価値の創造 CSV です 創業以来 100 年以上が経った今 健康問題 医療費高騰 高齢化 人と人とのつながりの希薄化 経済格差などが進み 地球温暖化や自然破壊が深刻化しています 私たちは こう した社会問題の解決に事業を通じて取り組むことが お客様 の幸せに貢献すると考えます グループの強みを活かした社 会課題への取り組みが発想の転換やイノベーションを生み出 し これにより組織能力が向上し お客様にとっての価値を持 続的に提供できるのです これを経営の根幹とした上で 戦略的なフォーカスをより 明 確にした成 長 市 場への投 資も進めます クラフトビール 市場における地位確立 ミャンマーをはじめとした東南アジア ビール事業の強化 そして 医薬 バイオケミカル事業での グローバル展開を進めていきます Creating Shared Value の略 社会課題への取り組みによる 社会的価値の創造 と 経済的価値の創造 の両立により 企業価値向上を実現すること 6 KIRIN REPORT 2016
OUR NEW DEVELOPMENTS CSV 01 02 03 KIRIN HOLDINGS COMPANY, LIMITED 7
COVER STORY What is KIRIN? OUR ACHIEVEMENTS & CHALLENGES to OVERCOME 20162018 8 KIRIN REPORT 2016
OUR ACHIEVEMENTS & CHALLENGES to OVERCOME ACHIEVEMENTS CHALLENGES 2,500 % 7.5 1 7.0% 6.8% 6.3% 2,000 6.0 5.7% 1,500 1,530 1,428 5.2% 1,145 1,247 1,418 4.5 2 1,000 3.0 3 500 1.5 0 2012 2013 2014 2015 2016 0.0 KIRIN HOLDINGS COMPANY, LIMITED 9
COVER STORY What is KIRIN? OUR VALUE CREATION PROCESS CSV OUTPUT BRAND INNOVATION EXPERIENCE 10 KIRIN REPORT 2016
OUTCOME ROE EPS KIRIN HOLDINGS COMPANY, LIMITED 11
COVER STORY What is KIRIN? 2016 ROE 21.9% 1 7.5% ROE 1 EPS 125 (+6.8% 1,138 EPS 1,418 2 9.6% +100 +200 2 % % 25 150 1,500 2,000 16 20 15 100 1,000 1,500 12 10 1,000 8 5 0 50 500 500 4 5 2012 2013 2014 2015 2016 0 2012 2013 2014 2015 2016 0 0 2012 2013 2014 2015 2016 0 ROE EPS CF CF EPS 3 2,264 775 31.2% 5,896 CF 1 D/E 1,489 431 39 0.87 EPS30% 3 4,000 3,000 2,000 500 400 300 24.8% 29.5% 32.2% 32.5% 31.2% 50 40 30 10,000 7,500 1.2 0.9 1,000 5,000 0.6 0 1,000 200 100 20 10 2,500 0.3 2,000 2012 2013 2014 2015 2016 0 2012 2013 2014 2015 2016 0 0 2012 2013 2014 2015 2016 0 CF CF CF () 1 D/E 12 KIRIN REPORT 2016
86,625 m 3 CO2 1,134 t 1 4 1,896.5 CO2 2017 m 3 100,000 m 3 / 50 t t/ 1,500 0.6 2,000 80,000 60,000 40 30 1,000 0.4 1,900 1,800 40,000 20,000 20 10 500 0.2 1,700 0 2011 2012 2013 2014 2015 0 0 2011 2012 2013 2014 2015 0.0 0 2014 2015 2016 CO2 5 13.1% 5 5.77 39,733 KWN2021) 7.1% % 30 / 10 50,000 20 8 6 40,000 30,000 10 4 2 20,000 10,000 0 2014 2015 2016 0 0 2014 2015 2016 2012 2013 2014 2015 2016 4 5 KIRIN HOLDINGS COMPANY, LIMITED 13
SECTION 1 14 KIRIN REPORT 2016
201620182016 CEO KIRIN HOLDINGS COMPANY, LIMITED 15
SECTION 1 01 2 1 1 2015 1 Ready to Drink RTD 1 16 KIRIN REPORT 2016
2020 20165 2012CSV CSV CSV 2 2 Creating Shared Value KIRIN HOLDINGS COMPANY, LIMITED 17
SECTION 1 02 2016 1 1 2015 3 2016 1 2017 2 2017 200 2016 2 2017 2016 2017 +119 +61 +180 2 46 18 KIRIN REPORT 2016
2016 300 47 2 270 47 KIRIN ICHIBAN 2016 KRN23 2016 6 Breakthrough Therapy KIRIN HOLDINGS COMPANY, LIMITED 19
SECTION 1 03 2015 2016 4.9% 2016 No.1 47 2018 20 KIRIN REPORT 2016
NEDO D3 New Energy and Industrial Technology Development Organization Bar Beer KIRIN HOLDINGS COMPANY, LIMITED 21
SECTION 1 04 ESG CSV ESG 1 2016 14 7 6 53 2017 100% 2017 100% 1 Environmental Social Governance 2 EPS 30% 2 22 KIRIN REPORT 2016
2016 1977 2010 2012 2013 2015 3 KIRIN HOLDINGS COMPANY, LIMITED 23
TOPICS 1 TOPICS 2016 10% 1870 150 5 KL 30,000 25,000 20,000 15,000 10,000 5,000 0 2010 2011 2012 2013 2014 2016 24 KIRIN REPORT 2016
2 TOPICS 2017 2017 3 PET 1,000 2016 4 KIRIN 2016 167 6 2016 8 2017 1 KIRIN HOLDINGS COMPANY, LIMITED 25
SECTION 1 KV2021 2021 2021 Vision CSV One Kirin Values Passion and Integrity 26 KIRIN REPORT 2016
20162018 ROE15% EPS 6% 2018 1,600 EPS 30% 2017 39 2016 39 ABI KRN23 KIRIN HOLDINGS COMPANY, LIMITED 27
SECTION 1 CSV CSV 3 CSVWeb WEB CSV http://www.kirinholdings.co.jp/csv/materiality/story.html 28 KIRIN REPORT 2016
2021 CSV 1 SDGs 2 17 P.30 1 2 2016 2030 15 2015 9 2016 6 CSV 1 CSV CSV ( ) IIHOE[] CSV CSV CSV 2016 12 1 CSV KIRIN HOLDINGS COMPANY, LIMITED 29
SECTION 1 CSV 17 Web WEB CSV http://www.kirinholdings.co.jp/csv/materiality/commitment.html CSV SDGs HACCP Hazard Analysis and Critical Control Point GHG 30 KIRIN REPORT 2016
Our Goodness Promise 2014 2019 IBUKI PET FSC LCA to FSC 12 203090% 2030 50% 2017PET 6 12 2017 2 2020 FSC 4 KIRIN HOLDINGS COMPANY, LIMITED 31
SECTION 1 CFO CFO CFO ROEEPS CFO 31 2 3 PL ROE 2016 POINT 2016ROE ROE 2018 15% 2015 0.1% 2015 0.85 2015 3.09 2018 2018 2018 5.5% 0.91 3.0 32 KIRIN REPORT 2016
BS 2015 2016 2017 1 8.4% 9.6% 9.5% 2 0.1% 7.5% 5.0% 0.85 0.87 0.89 ROE 0.3% 21.9% 13.9% D/E 1.0 0.9 0.7 BS 3.09 3.35 3.10 1 2 2018 D/E0.7 M&A R&I A Moody s A3 2016 12 EPS30% 2016 1 5% BS EPS POINT 2016 5,500 2016 2,264 2017 1,800 2,900 2016 2017 775 700 2,700 201340% 2,600 2016 1,489 2017 1,100 1,250 2016 431 EPS30% 1,350 2016 1,085 KIRIN HOLDINGS COMPANY, LIMITED 33
SECTION 1 1,800 MBL 1,600 1,500 1,418 1,430 1,247 2016 2018 1,200 1,298 1,284 14 1,255 29 1,398 143 900 626 672 MBL 0 29 98 MBL 54 22 51 MBL 0 100 600 18 101 119 162 61 182 20 300 117 56 43 34 70 16 40 7 15 200 0 2015 2016 2017 2018 34 KIRIN REPORT 2016
2016 1 2 3 1 1 1 2 3 3 3 3 4,022 3,546 663 2,228 1,498 1,179 224 3,357 698 172 36 574 59 83 88 347 % 2015 15.1 1.5 2.7 27.0 2.3 8.7 13.2 2016 17.4 4.9 5.4 25.8 4.0 7.0 39.2 10.3 2017 17.3 5.1 3.3 26.4 4.9 2.9 36.2 11.3 80% 2015 32% 2016 11% 2015 48% 2015 90% 2015 KIRIN HOLDINGS COMPANY, LIMITED 35
SECTION 2 2 CASE 01 47 2016 5 47 20180 kl 9 47 5 6 2270 2016 47 WEB http://www.kirin.co.jp/products/beer/ichiban/ji/is17_47/index.html 36 KIRIN REPORT 2016
47 47 3 47 1 1 47 RTD 47 47 9 KIRIN HOLDINGS COMPANY, LIMITED 37
SECTION 2 C A S E 02 2016 2000 20033,5002014 2000 2,250 2,620 WEB http://www.kirin.co.jp/products/softdrink/namacya/ 38 KIRIN REPORT 2016
15 2 170% KIRIN HOLDINGS COMPANY, LIMITED 39
SECTION 2 C A S E 03 8 2015 8 M&A 39% 2017 2 2 40 KIRIN REPORT 2016
2015 8 R&D KIRIN ICHIBAN 2016 10% 2017 KIRIN HOLDINGS COMPANY, LIMITED 41
SECTION 2 Marketing Quality with Surprise DNA Kirin Way for (4) Brand Building KW4BB CSV Quality with Surprise KW4BB 1 2 KIRIN ICHIBAN DNA KW4BB KW4BB 1 2 KW4BB CSV 47 42 KIRIN REPORT 2016
CSV EC DRINX ROI AI KIRIN HOLDINGS COMPANY, LIMITED 43
SECTION 2 Research & Development R&D 6 R&D R&D 300 10 4 44 KIRIN REPORT 2016
1 2016+6.6% 650 2016 2017 5 2 KRN23 KRN23KRN23 1 X 2 FGF23 FGF23KRN23 FGF23 KRN23 KRN23 XIII 1 2 FGF23 R&D KIRIN HOLDINGS COMPANY, LIMITED 45
SECTION 2 Supply Chain SCM GMP Good Manufacturing Practice 9 47 CMC 2014 2015 2017 46 KIRIN REPORT 2016
PET PET PET CO2 CSR CSR CSR 100% 1 FSC 2 CSR 1 2 KIRIN HOLDINGS COMPANY, LIMITED 47
SECTION 3 3 ESG UNGC UNGC 10 2005 9UNGC UNGC NGO SDGs COP21 4 10 SDGs CSV UNGC UNGC UNGC 48 KIRIN REPORT 2016
ESG ESG ESG 1 1 P.29 CSV 2 2 P.30 1 2013 2050 2015 Science Based Targets SBT 3 GHG 3 2 CDP WRI WWF 2 2016 3 KIRIN HOLDINGS COMPANY, LIMITED 49
SECTION 3 ESG 50 KIRIN REPORT 2016
ESG 2 3 4 1 1 130 KIRIN HOLDINGS COMPANY, LIMITED 51
SECTION 3 ESG 2 3 1. OJT 2. 3. 3 36 2017 2016 7 2017 4 2017 2 52 KIRIN REPORT 2016
ESG 4 4 2021 KV2021 KWN 10 2013 KWN2021 2016 TOPICS 2015 8 KIRIN HOLDINGS COMPANY, LIMITED 53
SECTION 3 ESG 1967 2002 2006 2011 2012 2016 4 Q Q 2016 54 KIRIN REPORT 2016
ESG 2016 M&A Q 3 CSV 47 SDGs SDGs 2016 2017 Q Q CSV CSV CSR ESG KIRIN HOLDINGS COMPANY, LIMITED 55
SECTION 3 ESG One Kirin ValuesKV2021 2021Vision 2021Vision 2021Vision 1999 2007 KV2015 M&A 2015 KV2021 KV2015 2016 KV2021 CSV 2016 2018 1999 2007 2013 2015 2003 2006 2014 2016 CSR 2010 2012 CSR CSV 2015 / / 2017 WEB http://www.kirinholdings.co.jp/irinfo/policy/provisions.html 56 KIRIN REPORT 2016
ESG 1 Point P.58 Point Point 2 3 P.59-60 P.61 2017 4 1 2 3 5 4 2 3 CSV KIRIN HOLDINGS COMPANY, LIMITED 57
SECTION 3 ESG Point 1 94 TOPICS 1 2017 1 2016 3 2 TOPICS 1 P.61 2 CEO 58 KIRIN REPORT 2016
ESG Point2 CSV CFO CSV CSV IR 1 1 1 CSV CSV CSV CSV CSV CSV COLUMN 39 722 3,200 2016 12 KIRIN HOLDINGS COMPANY, LIMITED 59
SECTION 3 ESG Point 2 PLAN ACT P A D C DO CHECK 1. 2. 3. 4. 5. 6. 7. 8. 1. 2. 3. 4. 5. WEB http://www.kirinholdings.co.jp/ irinfo/policy/risks.html 60 KIRIN REPORT 2016
ESG Point3 2017 3 2017 1 50% 1000200 2016ROE EPS 2 A B 33%100% C D 3 B C 3 A 50% 50% B D 1 2 3 4 KIRIN HOLDINGS COMPANY, LIMITED 61
SECTION 3 ESG 2017 4 1 62 KIRIN REPORT 2016
ESG KIRIN HOLDINGS COMPANY, LIMITED 63
SECTION 3 ESG 2017 4 1 = 1977 2015 1980 2017 IR 1983 2015 1982 2015 SCM 1980 2017 WEB WEB http://www.kirinholdings.co.jp/company/board/ http://www.kirinholdings.co.jp/irinfo/policy/pdf/governance20160215_02.pdf 64 KIRIN REPORT 2016
ESG 1 1 215 2 2 2 1967 2002 2006 2011 2012 1968 2006 2012 2013 2015 1971 2004 2008 2012 2016 1970 2008 UFJ 2012 UFJ 2016 UFJ 2 3 3 3 1980 2014 1981 2015 2016 2017 1979 2012 2014 1969 1995 2013 2015 1987 2006 2011 2016 3 216 CSV R&D KIRIN HOLDINGS COMPANY, LIMITED 65
SECTION 4 4 1907 DNA WEB http://www.kirinholdings.co.jp/company/history/ 1888 1986 1888 1928 1980s 60% 1907 1970s 1970 1976 1980 5 66 KIRIN REPORT 2016
2001 2009 0.00% 2016 47 2000 1990 1990s 1998 2002 70% 2012 2000s 2006 2007 2008 2007 2012 2015 8 55% 2016 2011 100% KIRIN HOLDINGS COMPANY, LIMITED 67
SECTION 4 At a Glance 5 12,000 % 10 2016 11,500 11,000 10,500 8 6 4 11,532 56% 10,000 2 0 2013 2014 2015 2016 2017 0 672 8,216 8,000 % 8 2016 6,000 6 4,000 4 2016 5,614 27% 2,000 2 0 2013 2014 2015 2016 2017 0 433 9,327 3,600 3,100 % 18 15 2016 2,600 12 2,100 9 3,357 16% 1,600 1,100 6 3 0 2013 2014 2015 2016 2017 0 347 7,207 68 KIRIN REPORT 2016
Quality with Surprise KV2021 2008 KIRIN HOLDINGS COMPANY, LIMITED 69
SECTION 4 Kirin Brewery RTD 2 32.4% 1 RTD 2 2 1 2016 2 2016 2016 V 2018 17% 2015 15.1% RTD 2016 72 RTD 2016 3 2017 Brooklyn 4 2 RTD 72 7,289 6,985 7,070 6,843 7,059 398 325 346 372 405 627 727 780 808 854 1,876 1,666 1,662 1,510 1,536 1,592 2,796 2013 2014 2015 2016 2017 RTD 4,304 12.0% 518 1,540 2,727 16.2% 1,525 2,757 15.1% 2013 1,432 2,721 4,090 4,153 4,022 4,166 17.4% 664 626 698 721 2013 2014 2015 2016 2017 1,404 2,860 17.3% 70 KIRIN REPORT 2016
2017 2016 SCM 47 +144 3.6% RTD 3.2% +22 No.1 2017 2016 2017 2017 5.5% 1.9% 1% 1.8% 4.8% 1% 6.2% 1.9% 2% 8.7% 1.7% 0% RTD 3.7% 6.2% +6% 9.0% 33.4% 0% 14.0% 2.7% +3% NEW +6.9% +3.9% 2.4% NEW RTD +6.2% +33.4% KIRIN HOLDINGS COMPANY, LIMITED 71
SECTION 4 Kirin Beverage 4 2016 2016 44% FIRE PET8%PET 61 2016 2018 3% 2015 1.5% 3 PET 2016 5,000 1.5 19,737 2,104 3,387 682 1,569 2,379 2,950 1,929 4,737 2014 2015 2016 2017 3,535 38 3,457 21,728 2,018 3,902 761 2,418 2,639 3,129 2,053 4,808 3,720 1.5% 1.5% 53 56 4,168 902 2,312 2,731 3,234 2,877 5,264 2013 23,496 23,350 2,008 1,840 4,040 1,080 2,040 2,620 3,330 3,100 5,300 3,546 3,497 5.1% 4.9% 172 180 1.1% 2013 2014 2015 2016 2017 2,620 8.1% 61 72 KIRIN REPORT 2016
2017 49 1.4% PET 1 4.1% +7 SKU Win-Win Mercian 3 2016 NEW 2016 2017 2016 +1% +8% +3% 1% LINE Tappiness PET SCM 2017 670 691 693 663 661 5.4% 3.3% 2.7% 0.4% 2.0% 36 14 19 22 3 2013 2014 2015 2016 2017 2013 KIRIN HOLDINGS COMPANY, LIMITED 73
SECTION 4 Lion Turnaround Plan 2018 5% 2015 2.3% Milk Based Beverage The Goodness Project 2016 9 2016 1.2% 2016 ABI 2017 Anheuser-Busch InBev 2018 2015 27.0% Beer the Beautiful Truth 2015 SCM 2016 Beer the Beautiful Truth James Squire Little Creatures ( Panhead Byron Bay Little Creatures 2015 2016 Milk Based Beverage Dare The Goodness Project Turnaround Plan 10.4% 74 KIRIN REPORT 2016
2017 SCM ABI +36 2.0% Milk Based Beverage White Milk IT ABI +19 26.2% 15 Beer The Beautiful Truth 12.0% 2,669 2,706 2,409 27.0% 25.8% 721 698 637 26.4% 2,040 1,820 1,856 4.9% 4.0% 2.3% 46 72 91 Brasil Kirin 2015 2016 2017 2015 2016 2017 296 11.0% ABI 2016 2019 60 8.7% 51 ABI 2017 2 Bavaria S.A Heineken International B.V. KIRIN HOLDINGS COMPANY, LIMITED 75
SECTION 4 Myanmar Brewery 80% 2015 2016 KIRIN ICHIBAN 2017 2017 51% 2016 Mandalay 2018 2016 10 247 286 39.3% 36.4% 97 104 2016 2017 76 KIRIN REPORT 2016
Kyowa Hakko Kirin 2016 KRN23 6 FDA EMA 3,313 3,251 3,557 3,357 3,360 16.4% 11.9% 13.2% 10.3% 11.3% 2016 543 388 468 347 380 2013 2014 2015 2016 2017 2020 1,000 0.1% +2 2020 1,000 2016 2017 4 +32 9.4% 2020 KW-6002 KRN23 X KW-0761 ATL T CTCL T KRN23 KIRIN HOLDINGS COMPANY, LIMITED 77
11 2006 2007 2008 2009 2010 1,665,946 1,801,164 2,303,569 2,278,473 2,177,802 402,321 400,555 380,691 359,743 342,527 1,263,625 1,400,608 1,922,877 1,918,730 1,835,274 934,765 403,977 404,714 91,818 116,358 120,608 145,977 128,435 151,612 157,769 193,600 EBITDA 1 191,161 213,129 264,620 212,838 269,392 EBITDA 2 120,865 123,389 103,065 144,614 140,969 53,512 66,713 80,182 49,172 11,394 3 123,685 114,585 131,281 189,907 218,025 153,239 269,621 169,330 321,654 140,917 50,012 121,555 26,684 174,208 140,197 1,963,586 2,469,667 2,619,623 2,861,194 2,649,197 302,762 673,872 723,703 963,209 859,376 4 993,989 1,054,811 927,812 981,322 962,476 1 1EPS 55.98 69.86 84.01 51.54 11.95 EPS 5 EPS 66.18 79.72 34.72 81.92 94.31 17.00 21.00 23.00 23.00 25.00 ROE % 6 5.4 6.5 8.1 8.3 8.8 % 10.5 EBITDA % 7 30.4 30.1 27.4 44.6 26.5 1 2008 EBITDA 2007 EBITDA 2 EBITDA 3 4 78 KIRIN REPORT 2016
% 2011 2012 2013 2014 2015 2016 2016 2015 2,071,774 2,186,177 2,254,585 2,195,795 2,196,925 2,075,070 5.5 323,375 315,549 310,798 301,365 305,697 296,028 3.2 1,748,398 1,870,627 1,943,786 1,894,429 1,891,227 1,779,041 5.9 859,672 871,842 869,377 851,591 885,856 857,225 3.2 454,216 579,391 685,254 693,175 624,169 561,439 10.1 332,843 322,976 331,377 325,149 355,777 335,733 5.6 101,665 96,417 57,778 24,513 25,424 24,642 3.1 142,864 153,022 142,818 114,549 124,751 141,889 13.7 189,812 202,675 198,086 171,542 158,537 169,915 7.2 247,602 297,185 307,339 301,486 273,183 258,922 253,006 2.3 136,818 138,452 132,134 94,211 128,199 140,676 9.7 7,407 56,198 85,656 32,392 47,329 118,158 112,868 115,426 108,779 107,063 113,880 6.4 196,792 212,061 205,517 155,247 171,011 226,468 32.4 361,658 48,379 85,526 139,397 70,659 77,520 193,214 160,008 272,357 80,701 78,221 145,184 2,854,254 2,951,061 2,896,456 2,965,868 2,443,773 2,348,166 3.9 1,144,786 1,037,188 858,911 873,003 821,478 711,762 13.4 852,922 948,943 1,075,861 1,101,833 663,842 680,662 2.5 7.70 58.44 90.76 35.27 51.87 129.49 117 122 118 117 125 6.8 70.58 124.87 159.92 108.57 2.83 172.00 27.00 29.00 36.00 38.00 38.00 39.00 2.6 6.9 12.4 14.0 8.6 0.3 21.9 10.9 10.8 10.2 9.1 8.4 9.6 2.86 2.25 2.76 2.67 2.33 38.3 24.8 29.5 32.2 32.5 31.2 5 EPS 6 ROE 2009 ROE 7 2010 EPS2012 EPS KIRIN HOLDINGS COMPANY, LIMITED 79
2016 2015 2007 7 2016 12 3118818 2.7% 628 629 3.5% 535 84.7% 250 13.7% 1,418 1.29.6% 1.48.0% 4612 43 9.7%1,406 2 5.5%2 750 5.9%1 7,790 6.7%8,616 246 154 272 1,508400 5.2%9,173 51.2%0.451.6% 1,654 1,181 8.0% 7,754 1.0 43.6% 1EPS 129.49 EPS 172EPS 1 8 125ROE 21.9% 1 EPS 80 KIRIN REPORT 2016
2015 2016 21,969 20,750 5.5% 3,056 2,960 3.2% 18,912 17,790 5.9% 9,231 8,616 6.7% 9,680 9,173 5.2% 8,433 7,754 8.0% 1,247 1,418 13.7% 1,585 1,699 7.2% 298 208 30.0% 264 221 16.3% 1,281 1,406 9.7% 291 673 130.6% 1,399 272 80.5% 174 1,807 938.5% 459 470 2.6% 188 155 17.7% 473 1,181 2015 2016 1EPS 51.87 129.49 EPS 3 172 EPS 117 125 6.8% 1,070 1,138 6.4% ROE % 0.3 21.9 2016 2015 383 226 174 30 627 660 1 163 2 224 3 200 212 7 1,218 1 2016182.33 2015 93.16 2 2016131.83 2015 36.30 3 2016 1,00090.62 2016 2015 192 72 116 16 4 100 72 1 120 120 5 171 4 33 2 88 3 KIRIN HOLDINGS COMPANY, LIMITED 81
2016 2016 12 31 956 3.9% 2 3,481337 7,481 6181 6,000 2016 12 31 80 0.9% 9,460 27.2%29.0% 118.44 745.92 2016 12 311,036 6.9% 1 4,020 155 6,503 880 7,517 2015 2016 7,819 7,481 337 664 589 74 3,976 3,935 41 2,277 2,076 201 900 880 20 16,618 16,000 618 7,117 7,052 65 4,585 4,019 566 2,692 2,289 402 1,893 1,729 164 4,915 4,929 13 24,437 23,481 956 6,659 6,503 155 1,420 1,358 62 1,581 1,349 232 3,657 3,796 139 8,397 7,517 880 5,989 5,137 852 2,408 2,379 28 15,056 14,020 1,036 6,456 7,289 832 181 482 664 4 5 1 2,738 2,648 89 9,380 9,460 80 24,437 23,481 956 82 KIRIN REPORT 2016
2016 12 31 26577 383 450 1,292 300431 669 1,451 154 1,229 1,633 296 554 2,264 2015 2016 % 27.2 29.0 % 61.5 73.9 % 480.4 314.3 13.0 22.9 179950 207 201 16168 1. 2. 3. 4. 775 2015 2016 1,710 2,264 554 174 1,807 1,633 946 774 171 273 223 50 316 540 856 706 775 68 771 950 179 64 175 110 782 1,451 669 339 996 656 411 431 20 31 24 7 23 63 40 198 26 224 KIRIN HOLDINGS COMPANY, LIMITED 83
2016 12 31 188 18 % 100.0 100.0 100.0 100.0 100.0 100.0 100.0 SPRING VALLEY BREWERY 100.0 33.3 1 100.0 啤 100.0 2 啤 份 100.0 3 Kirin Europe GmbH 100.0 4 Kirin Brewery of America, LLC 100.0 5 Four Roses Distillery, LLC 100.0 6 Lion Pty Ltd 100.0 Lion-Beer, Spirits & Wine Pty Limited Lion-Dairy & Drinks Pty Ltd Lion-Beer, Spirits & Wine NZ Limited 100.0 100.0 100.0 7 Brasil Kirin Holdings S.A. 100.0 8 Kirin Holdings Singapore Pte. Ltd. 100.0 9 Myanmar Brewery Limited 55.0 10 Interfood Shareholding Company 95.7 11 San Miguel Brewery Inc. 48.6 12 40.0 13 The Coca-Cola Bottling Company of Northern New England, Inc. 7 100.0 AZUMA KIRIN Indústria e Comércio de Bebidas e Alimentos Ltda. 100.0 84 KIRIN REPORT 2016
% 52.8 14 Kyowa Kirin International plc 100.0 100.0 Kirin-Amgen, Inc. 50.0 99.9 14 3 13 1 12 4 5 9 2 8 10 11 6 7 9.4% 5.8% 16% 8% 17.6% 2 750 67.2% 7,052 52% 24% KIRIN HOLDINGS COMPANY, LIMITED 85
2016 12 31 2012 2013 2014 2015 2016 1,012 1,513 1,497 1,648 1,902 1 29 36 38 38 39 1 2013 36 74 112 151 2013 501 485 636 890 1 537 559 748 1,041 % 53.1 55.2 73.9 102.9 2012 2013 2,400 2,100 1,800 1,500 24,000 21,000 18,000 15,000 1,200 900 600 150 120 2012 2013 2014 2015 2016 2017 12,000 9,000 6,000 90 60 30 0 2012 2013 2014 2015 2016 2017 WEB IR http://www.kirinholdings.co.jp/irinfo/ WEB CSV http://www.kirinholdings.co.jp/csv/ 86 KIRIN REPORT 2016
164-0001 10 2 1907 2 23 2007 7 1 102,045,793,357 1,732,026,000 914,000,000 169,600 39,733 2017 3 30 UFJ 137-8081 7-10-11 Tel: 0120-232-711 9 00 17 00 ADR JPMorgan Chase Bank, N.A. JPMorgan Service Center P.O.Box 64504 St. Paul, MN 55164-0504 U.S.A. Tel: +1-800-990-1135 toll-free Tel: +1-651-453-2128 outside U.S.A % 53,885 5.9 41,901 4.6 32,996 3.6 4 17,463 1.9 STATE STREET BANK AND TRUST COMPANY 505225 17,058 1.9 UFJ 14,501 1.6 STATE STREET BANK WEST CLIENT - TREATY 505234 12,644 1.4 7 12,523 1.4 THE BANK OF NEW YORK MELLON 140044 11,179 1.2 THE BANK OF NEW YORK MELLON SA/NV 10 11,107 1.2 1,484 21.5% 32.7% 0.0% 33.2% 4.1% 8.5% 100 0.1% 100 1.5% 1,000 14.4% 1 500 6.3% 47.4% 10 10.1% 100 20.2% KIRIN HOLDINGS COMPANY, LIMITED 87
for the Global Goals Printed in Japan 2017 5 31 SDGsGold standard DAKFOCAM Wastewater project