KIRIN REPORT 2015 ACCELERATING VALUE-DRIVEN GROWTH
LEAD STORY ( 1 OUR VALUE, YOUR HAPPINESS CSV
RTD KW-0761 16.2 1.2 54.2 2015 21,969 28.4 KIRIN HOLDINGS COMPANY, LIMITED 1
LEAD STORY ( 2 DIFFERENTIATION FIRST SCM 2 KIRIN REPORT 2015
OUTCOME OUTPUT SCM INPUT KIRIN HOLDINGS COMPANY, LIMITED 3
LEAD STORY ( 3 FROM VOLUME TO VALUE M&A 10 3 4 KIRIN REPORT 2015
25,000 2,000 21,969 20,000 1,600 15,000 1,200 1,247 10,000 800 5,000 400 0 0 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 KIRIN HOLDINGS COMPANY, LIMITED 5
LEAD STORY ( 4 VALUE-DRIVEN PRIORITIZATION KV2021 2016 KV2021 6 KIRIN REPORT 2015
R&D KIRIN HOLDINGS COMPANY, LIMITED 7
CONTENTS LEAD STORY 1 8 10 12 16 18 20 28 CFO 32 Point 34 36 39 48 64 68 2015 78 82 84 86 8 KIRIN REPORT 2015
One Kirin Values Passion and Integrity KIRIN REPORT 2015 Connectivity 2016 2016 2 15 KIRIN HOLDINGS COMPANY, LIMITED 9
ACCELERATING VALUE-DRIVEN GROWTH 20162018 CSV KV2021 201620182016 2016 2015 10 KIRIN REPORT 2015
KIRIN HOLDINGS COMPANY, LIMITED 11
KEY POINTS ABOUT KIRIN 36% 3 36 36 25 2015 1,247 12 KIRIN REPORT 2015
1 586 3.4% 3 2,486 2 26.3% 2,669 1 4,153 2 27.0% 15.1% 3,557 13.2% 3 1,900 2 1.4% 3,720 1.5% 2,040 2 2.3% 4 1,342 2 13.8% 3,698 2 8.7% 1 2 3 193.16 4 136.30 KIRIN HOLDINGS COMPANY, LIMITED 13
KEY POINTS ABOUT KIRIN 1907 DNA 1888 2001 2002 70% 1928 2005 1986 2009 0.00% 1990 2012 14 KIRIN REPORT 2015
1907 2003 1963 2006 KV2015 1 M&A 2007 1970 1976 2012 KV2021 2 2013 1980 5 2015 2016 KV2021 1 2015 2 2021 1998 2008 2007 2011 100% 2015 KIRIN HOLDINGS COMPANY, LIMITED 15
2005 2006 2007 2008 2009 1,632,249 1,665,946 1,801,164 2,303,569 2,278,473 397,527 402,321 400,555 380,691 359,743 1,234,721 1,263,625 1,400,608 1,922,877 1,918,730 111,708 116,358 120,608 145,977 128,435 157,769 EBITDA 1 188,459 191,161 213,129 264,620 212,838 EBITDA 2 114,881 120,865 123,389 103,065 144,614 51,263 53,512 66,713 80,182 49,172 3 104,716 123,685 114,585 131,281 189,907 66,693 153,239 269,621 169,330 321,654 52,041 50,012 121,555 26,684 174,208 1,937,866 1,963,586 2,469,667 2,619,623 2,861,194 309,976 302,762 673,872 723,703 963,209 4 972,601 993,989 1,054,811 927,812 981,322 1 1EPS 53.23 55.98 69.86 84.01 51.54 EPS 5 EPS 61.21 66.18 79.72 34.72 81.92 14.50 17.00 21.00 23.00 23.00 ROE % 6 5.6 5.4 6.5 8.1 8.3 % EBITDA % 7 27.2 30.4 30.1 27.4 44.6 1 2008 EBITDA 2007 EBITDA 2 EBITDA 3 4 5 EPS 6 ROE 2009 ROE 7 2010 EPS 2012 EPS 16 KIRIN REPORT 2015
% 2010 2011 2012 2013 2014 2015 2015 2014 2,177,802 2,071,774 2,186,177 2,254,585 2,195,795 2,196,925 0.1 342,527 323,375 315,549 310,798 301,365 305,697 1.4 1,835,274 1,748,398 1,870,627 1,943,786 1,894,429 1,891,227 0.2 934,765 859,672 871,842 869,377 851,591 885,856 4.0 403,977 454,216 579,391 685,254 693,175 624,169 10.0 404,714 332,843 322,976 331,377 325,149 355,777 9.4 91,818 101,665 96,417 57,778 24,513 25,424 3.7 151,612 142,864 153,022 142,818 114,549 124,751 8.9 193,600 189,812 202,675 198,086 171,542 158,537 7.6 269,392 247,602 297,185 307,339 301,486 273,183 258,922 5.2 140,969 136,818 138,452 132,134 94,211 128,199 36.1 11,394 7,407 56,198 85,656 32,392 47,329 112,868 115,426 108,779 107,063 1.6 218,025 196,792 212,061 205,517 155,247 171,011 10.2 140,917 361,658 48,379 85,526 139,397 70,659 140,197 193,214 160,008 272,357 80,701 78,221 2,649,197 2,854,254 2,951,061 2,896,456 2,965,868 2,443,773 17.6 859,376 1,144,786 1,037,188 858,911 873,003 821,478 5.9 962,476 852,922 948,943 1,075,861 1,101,833 663,842 39.8 11.95 7.70 58.44 90.76 35.27 51.87 117 122 118 117 0.8 94.31 70.58 124.87 159.92 108.57 2.83 25.00 27.00 29.00 36.00 38.00 38.00 0.0 8.8 6.9 12.4 14.0 8.6 0.3 10.5 10.9 10.8 10.2 9.1 8.4 2.86 2.25 2.76 2.67 26.5 38.3 24.8 29.5 32.2 32.5 CO2 50,000 t t/kl m 3 m 3 /KL 2,000 0.5 100,000 25 40,000 1,600 0.4 95,000 20 30,000 1,200 0.3 90,000 15 20,000 800 0.2 85,000 10 10,000 400 0.1 80,000 5 0 12 13 14 15 0 10 11 12 13 14 0 0 10 11 12 13 14 0 CO2 CO2 KIRIN HOLDINGS COMPANY, LIMITED 17
20162018 2021 2021 KV2021 KV2021 2021Vision KV2021 2021 2021 Vision CSV One Kirin Values Passion and Integrity 18 KIRIN REPORT 2015
20162018 ROE15 EPS6 2018 1,600 0.3% 117 15 16 18 EPS 6 % ROE 15% EPS ROE EPS30 2016 38 2015 38 KIRIN HOLDINGS COMPANY, LIMITED 19
GROWTH STRATEGY 20 KIRIN REPORT 2015
Q. 1 2013 22004 10 2015 3 A. RTD 1 70% 200273 1 Ready to Drink 2013 KIRIN HOLDINGS COMPANY, LIMITED 21
GROWTH STRATEGY Q. 2 2015 A. 2 201520140.2 33.4% 20145.444.6% 2 6 2 2015 CEO 3 22 KIRIN REPORT 2015
Q. 3 A. Volume Value 3 3 Winner KIRIN HOLDINGS COMPANY, LIMITED 23
GROWTH STRATEGY Q. 4 A. R&D 1980 1990 2008 2 CSV R&D X KRN23 5 KW-0761 2015 R&D 20203 KW-6002 KRN23 X KW-0761 ATLT CTCL T 24 KIRIN REPORT 2015
Q. 5 A. 2016 2016 1. CEO 20162 60 2. PET 2015 PET KIRIN HOLDINGS COMPANY, LIMITED 25
GROWTH STRATEGY Q. 6 A. 2015 8 26 KIRIN REPORT 2015
1977 20102012 2013 2015 3 EPS 30% 1EPS 38 38 38 36 33.0% 29 32.2% 32.5% 29.5% 24.8% 2016 12 13 14 15 16 EPS KIRIN HOLDINGS COMPANY, LIMITED 27
GROWTH STRATEGY 1 1 00 2 0 0 1 0 0 2 100ml0.5mg0100ml 0.5g 100ml20kcal The Goodness Project 2019 80% The Goodness Project 28 KIRIN REPORT 2015
1 2 3 4 DRINK LESS DRINK BETTER SEEK VARIETY LOCAL ARTISAN DIY Craft Beer 20 2010 KL 25,000 20,000 15,000 10,000 0 09 10 11 12 13 1% 11% 1994 19% 2014 9 2016 KIRIN HOLDINGS COMPANY, LIMITED 29
GROWTH STRATEGY 2 47 47 47 2016 510 47 47 4711 3 SPRING VALLEY BREWERY SVB SVB SVB SPRING VALLEY BREWERY SVB 30 KIRIN REPORT 2015
SPRING VALLEY BREWERY TOKYO CRAFT BEER ALL DAY DINING YOKOHAMA BEER TAVERN 4 2015 8 8 55% GDP 7 8% 5,100 3.7L/ KL 25 20 15 10 5 0 12 13 14 2012 2014 38% KIRIN HOLDINGS COMPANY, LIMITED 31
GROWTH STRATEGY CFO CFO 2016 2016ROE15% EPS 6% 20182015 3501,600 5.5% 2016 5,500 2,900 2,700 201340% 2,600 1,250 EPS30% 1,350 32 KIRIN REPORT 2015
3 5,500 2,900 2,700 201320152013 33,300 20134 ROE15% 0.91 3.0 EPS 30% 1,350 ROE ROE 2018 15% 2015 0.1% 2015 0.85 2015 3.09 5.5% 0.91 3.0 KIRIN HOLDINGS COMPANY, LIMITED 33
CORPORATE GOVERNANCE POINT 1 2 POINT POINT 2005 2016 10 9 2021Vision 2015 2016 10 34 KIRIN REPORT 2015
POINT 3 4 POINT 2005 7 3 2016 5 4 ROEEPS 2016 147 6 53 KIRIN HOLDINGS COMPANY, LIMITED 35
CORPORATE GOVERNANCE 1971 2004 2008 2012 2012 2016 1967 2002 2006 2011 2012 2015 6 2016 4 36 KIRIN REPORT 2015
2012 1 KV2021 KV2021 CSV CSV CSV CSV 2 KIRIN HOLDINGS COMPANY, LIMITED 37
CORPORATE GOVERNANCE 2016 2012 38 KIRIN REPORT 2015
One Kirin Values 2021KV2021 2021Vision 2021Vision 2021Vision One Kirin Values Passion and Integrity KIRIN HOLDINGS COMPANY, LIMITED 39
CORPORATE GOVERNANCE CSV 40 KIRIN REPORT 2015
2005 10 2016 9 4 3 3 KIRIN HOLDINGS COMPANY, LIMITED 41
CORPORATE GOVERNANCE 2015 2016 2015 2 3 5 2016 2021Vision 2021Vision ROEEPS TSR 2016ROE ROA 2015 276 276 8 69 69 3 32 32 3 35 35 4 413 413 18 1. 2. 1642003 3 2850 3. 1672006 3 30 4. 5. 2015 3 27 22 42 KIRIN REPORT 2015
BCP KIRIN HOLDINGS COMPANY, LIMITED 43
CORPORATE GOVERNANCE 2016 4 1 1. 2. 3. 4. 5. 6. 7. 44 KIRIN REPORT 2015
1 2 3 4 8 9 10 11 12 5 6 7 13 14 8. 9. 10. 11. 12. 13. 14. KIRIN HOLDINGS COMPANY, LIMITED 45
CORPORATE GOVERNANCE 2016 4 1 1977 2004 2007 2008 2009 2010 2012 3 2012 2015 1 2013 2015 1980 2009 2011 2012 2014 2015 2016 1983 2013 2014 2015 2016 1978 2010 2011 2013 R&D 2015 1982 2013 2014 2015 46 KIRIN REPORT 2015
1 1 1 1 1967 2002 2006 2011 2012 1968 2006 2012 2013 2015 1971 2004 2008 2012 2016 1970 2008 UFJ 2012 UFJ 2016 UFJ 1 215 2 2 2 1980 2008 2009 2012 2013 2014 1981 2013 2015 2016 1979 2012 2014 1969 1995 2013 2015 1987 2006 2011 2016 2 216 CSV KIRIN HOLDINGS COMPANY, LIMITED 47
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION KV2021 CSV 2.SCM 3. R&D SCM 1. R&D 48 KIRIN REPORT 2015
GC GC GC 10 2005 9GC GC GC10 2015 9SDGs PDCA GC GC10 GC10 KIRIN HOLDINGS COMPANY, LIMITED 49
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION GRI SASB FTSE MSCI Sustainalytics ESG CSV CSV KV2021 CSV 50 KIRIN REPORT 2015
CSV CSV CSV 1 CSV CSV CSV CSV CSV CSV CSV KH CSV CSV CSV KH KHCSV CEO KH CSV KIRIN HOLDINGS COMPANY, LIMITED 51
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION R&D 120 2016 R&D R&D R&D6 R&D 3 52 KIRIN REPORT 2015 R & D
3 R&D R&D 510 R&D KIRIN HOLDINGS COMPANY, LIMITED 53
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION CSV 1. 1 3. pdc Lactococcus lactis JCM5805 2016 1 100ml0.001gPET 2014 2 SVP 2. DLC DLC pdc CO2 pdc 54 KIRIN REPORT 2015
SCM SCM SCM SCM GMP 1 1 Good Manufacturing Practice 2014 2015 KIRIN HOLDINGS COMPANY, LIMITED 55
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION SCM 7 PET PET 1997 PET2000 PET PET 2003 & R&D SCM R&D R&D SCM 56 KIRIN REPORT 2015
5 CSR 75% CSR QCD+ QC D 3 PDCA CSR 2010 2015 KIRIN HOLDINGS COMPANY, LIMITED 57
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION CSV 2015 7 1970 20172023 58 KIRIN REPORT 2015
FOCUS 2014 6 2015 IARD International Alliance for Responsible Drinking 2016 Beer the Beautiful Truth 2015 8 Beer the Beautiful Truth 99.9% KIRIN HOLDINGS COMPANY, LIMITED 59
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION 2021 KV2021 KV2021 60 KIRIN REPORT 2015
1. OJT 2. 3. 3 GMP MBA 30 2 4588 KIRIN HOLDINGS COMPANY, LIMITED 61
VERIFYING KIRIN S FOUNDATION FOR VALUE CREATION 4 2021 KV2021 KWN2021 2021 2013 3 30012% 2013 100 2010Diversity & Inclusion 2013 7 2006 10 2014 2015 http://www.kyowa-kirin.co.jp/about_us/commitment_to_life/index.html KWN 2013 KWN20212021 62 KIRIN REPORT 2015
20072015 LGBT 2010 4 EAP 2009EAP 2015 12 EAP KIRIN HOLDINGS COMPANY, LIMITED 63
CO2 42050 2014 4.96m 3 /kl 2.54m 3 /kl 3.70m 3 /kl 2015 70 1 30 19% CO2 19.6% 2L 17% CO2 3,309t CO2 2014 55% 1990 CO2 18% 1990 1 1 CDP 2 500 A2 WWF 2 NPO 2014 2015 201420152 CDP A2015 100 WWF 1 64 KIRIN REPORT 2015
100% NGO 2050 2050 2050 LCACO2 CO2 CO2 2050 2050 CO2 KIRIN HOLDINGS COMPANY, LIMITED 65
2015 35 1 GHG 2014 2.54m 3 /kl 2014 1990 201470% 54% 2013 2015 70 30 RSPO 2 Book & Claim 2014 2 Roundtable on Sustainable Palm Oil 1 28 1 m 3 20 15 10 305 m 3 KL 6.0 4.5 3.0 1.5 66 KIRIN REPORT 2015 100 80 60 40 20 70 0 2012 2013 2014 2012 2013 2014 2012 2013 2014 0 0 2013 2014 2015
2014 2014 122 3 10 3 28.9g 2L 2015 3 2015 1 9 CO22050 1990 2014 CO2 20141990 CO218% CO2 CO2 CDP 20142015A CO2 5,434 3,773 1990 2014 30 1,094 1990 2014 1,762 1,068 t-co2 1990 2014 KIRIN HOLDINGS COMPANY, LIMITED 67
A DEEPER LOOK AT KIRIN S OPERATIONS At a Glance 3 2015 12,000 11,800 11,600 11,400 % 6.0 5.0 4.0 3.0 11,915 54% 11,200 2.0 11,000 1.0 479 7,808 0 13 14 15 0 2015 6,241 28% 7,000 6,800 6,600 6,400 6,200 % 6.0 5.0 4.0 3.0 2.0 2016 6,000 1.0 332 9,655 0 13 14 15 0 2015 3,600 3,500 3,400 % 18.0 15.0 12.0 3,300 9.0 3,557 16% 3,200 6.0 3,100 3.0 468 7,353 0 13 14 15 0 68 KIRIN REPORT 2015
Quality with Surprise KV2021 2008 KIRIN HOLDINGS COMPANY, LIMITED 69
A DEEPER LOOK AT KIRIN S OPERATIONS 2 33.4% 1 RTD 2 2 2015 2014 7,072 6,987 1.2% 4,153 4,090 0.8% 626 664 5.8% 1 2015 2 1 20092015 4.2% 1 V 2015 0.1% 1.0% 0.8% 0.0% RTD 7.6% 6.8% 2015 3 RTD 3 201433.2% 201533.4% 2014 2015 2016 47 RTD 50 2016 2015 7,110 7,072 0.5% 4,186 4,153 0.8% 708 626 13.1% 201640 2016 0.9% 2% 2.3% 1% 3.7% 3% 2.0% 2% RTD 4.5% +3% 9.2% 70 KIRIN REPORT 2015
2016 20163 V 3201515.1% 201817% 47 SPRING VALLEY BREWERY 20163 2015 RTD 20142015 2018 17% 201515.1% RTD KIRIN HOLDINGS COMPANY, LIMITED 71
A DEEPER LOOK AT KIRIN S OPERATIONS 4 2015 1 12 201630 2015 10.1%6.3% 1.5% 25,000 205 41 60 179 4 3 2016 PET 20,000 15,000 10,000 5,000 0 2,104 3,387 682 2,379 1,929 2,950 1,569 4,737 2014 2015 2,018 3,902 761 2,639 2,053 3,129 2,418 4,808 2016 2015 21,060 21,728 3.1% 3,680 3,720 1.1% 111 56 96.0% PET2% 2015 147% 2015 2014 21,728 19,737 10.1% 3,720 3,457 7.6% 56 53 6.3% 72 KIRIN REPORT 2015
2016 2016 32018 3% PET 1 3 2015 2018 3% 20151.5% 3 PET 3 2016 2018 2016 2015 2014 702 693 691 17 19 14 20152016 20151% KIRIN HOLDINGS COMPANY, LIMITED 73
A DEEPER LOOK AT KIRIN S OPERATIONS 2016 5% 2015 1.8% 1.3% PB 17.4%Turnaround Plan 25 891.8% 2018 201527.0% Beer the Beautiful Truth 2015 2016 3.2% Turnaround Plan The Goodness Project Turnaround Plan 2018 5% 2015 2.3% Milk Based Beverage The Goodness Project 74 KIRIN REPORT 2015
2015 2015 2015 9 2016 2015 3,813 3,698 3.1% 296 322 117 22 69 318 509 200 16.2% SKU 2015 2014 3,698 3,987 7.2% 322 220 182 16.2% 360 2015 9 2016 2019 2018 2019 2016 2015 200 SKU KIRIN HOLDINGS COMPANY, LIMITED 75
A DEEPER LOOK AT KIRIN S OPERATIONS 80% 2016 2016 228 253 88 99 16 17 16 18 56 64 2015 10 2016 9 1,000 90.00 1995 2015 8 55% 2016 8 KIRIN 2018 76 KIRIN REPORT 2015
2015 2015 2014 3,557 3,251 9.4% 3,643 3,334 9.3% 2,784 2,518 10.5% 859 815 5.3% 85 82 468 388 20.4% 468 388 20.4% 362 290 24.6% 81 72 11.7% 86 87 1.4% 61 62 2016 201620205 3 2020 1,000 3 20203 KW-6002 KRN23 X KW-0761 ATLT CTCLT 2016 2016 2015 3,430 3,557 3.6% 3,510 3,643 3.7% 2,670 2,784 4.1% 840 859 2.2% 80 85 330 468 29.5% 330 468 29.5% 230 362 36.5% 70 81 13.9% 91 86 5.9% 61 61 2016 KIRIN HOLDINGS COMPANY, LIMITED 77
2015 2014 2007 7 2015 12 31 21115 RTD 0.1%2 1,969 0.2%1 8,912 2.9%9,231 2.6%9,680 49.8%1.451.2% 1.7%8,433 0.844.6% 7.4% 612 613 3.2% 510 84.1% 2,639 218 8.9%1,247 0.78.4% 0.66.6% 23734 132 36.1% 1,281 19468 1,100 1,233 163944 1,107 797 473 1 EPS 51.87 EPS 2.83EPS 1 1117 ROE0.3% 1 EPS 78 KIRIN REPORT 2015
2015 2014 21,969 21,957 0.1% 3,056 3,013 1.4% 18,912 18,944 0.2% 9,231 9,509 2.9% 9,680 9,434 2.6% 8,433 8,289 1.7% 1,247 1,145 8.9% 1,585 1,715 7.6% 298 157 89.6% 264 360 26.8% 1,281 942 36.1% 291 86 236.8% 1,399 250 459.9% 174 778 77.6% 459 330 39.1% 188 124 51.1% 473 323 2015 2014 1EPS 51.87 35.27 EPS 2.83 108.57 EPS 117 118 0.8% 1,070 1,087 1.6% ROE % 0.3 8.6 RTD 20152014 85 263 315 1 456 2 308 124 11 218 102 20152014 38 3 5 3 11 1 216 2 79 218 40 102 1 2015193.16 201494.24 2 2015136.30 201445.13 3 KIRIN HOLDINGS COMPANY, LIMITED 79
2015 2015 12 315,220 17.6% 2 4,437 3,908 866 5,0211 6,618 1,387 2015 12 31 3,976 29.8% 9,380 37.2%27.2%1 479.95 727.48 2015 12 311,244 7.6% 1 5,056 1,1876,659 578,397 2015 2014 7,819 8,018 198 664 494 170 3,976 4,087 110 2,277 2,462 185 900 974 73 16,618 21,640 5,021 7,117 7,983 866 4,585 8,493 3,908 2,692 6,424 3,732 1,893 2,068 175 4,915 5,162 247 24,437 29,658 5,220 6,659 7,846 1,187 1,420 1,601 180 1,581 2,349 767 3,657 3,896 239 8,397 8,454 57 5,989 5,690 299 2,408 2,764 356 15,056 16,301 1,244 6,456 9,570 3,113 181 1,447 1,265 4 3 0 2,738 2,335 402 9,380 13,357 3,976 24,437 29,658 5,220 80 KIRIN REPORT 2015
2015 12 31 196603 24 782 1,701 150 1571,710 839630 588 346 604 223 37 1,207 301 687706 771433 106 528 323 128 2015 2014 % 27.2 37.2 % 61.5 46.1 % 480.4 562.3 13.0 10.4 1. 2. 3. 4. 198 2015 2014 1,710 1,552 157 174 778 604 946 989 43 273 496 223 316 712 1,028 706 1,393 687 771 1,204 433 64 189 253 782 807 24 339 191 147 411 406 5 31 209 177 23 1 24 198 647 845 KIRIN HOLDINGS COMPANY, LIMITED 81
2015 12 31 1. 2. 3. 4. 5. 6. 7. 8. 82 KIRIN REPORT 2015
9. 10. 11. 12. 13. 14. 15. 16. KIRIN HOLDINGS COMPANY, LIMITED 83
2015 12 31 211 15 % 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 Indústria Agrícola Tozan Ltda. 100.0 84 KIRIN REPORT 2015
% 53.1 14 ProStrakan Group 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 8.9% 6.2% 15.3% 8.2% 19.5% 2 1,969 65.4% 7,117 51.6% 24.9% KIRIN HOLDINGS COMPANY, LIMITED 85
2015 12 31 2012 2013 2014 2015 980 1,472 1,441 1,648 1 29 36 38 38 12013 36 74 112 2013 492 461 668 1 528 535 780 % 53.9 54.6 79.6 20122013 2,000 1,800 1,600 1,400 24,000 21,000 18,000 15,000 1,200 1,000 800 150 120 2011 2012 2013 2014 2015 2016 12,000 9,000 6,000 90 60 30 0 2011 2012 2013 2014 2015 2016 86 KIRIN REPORT 2015
164-0001 10 2 1907 2 23 2007 7 1 102,045,793,357 1,732,026,000 914,000,000 39,888 2016 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 174,974 47,341 5.19 34,483 3.78 32,996 3.62 UFJ 19,251 2.11 STATE STREET BANK AND TRUST COMPANY 505225 16,633 1.82 4 16,461 1.80 NORTHERN TRUST CO. AVFC SUB A/C NON TREATY 16,087 1.76 STATE STREET BANK WEST CLIENT TREATY 505234 12,902 1.41 MELLON BANK, N.A. AS AGENT FOR ITS CLIENT MELLON OMNIBUS US PENSION 12,830 1.41 THE BANK OF NEW YORK MELLON SA/NV 10 10,709 1.17 2015 12 311,471 0.00% 100 0.05% 100 1.50% 1,000 15.47% 22.91% 33.55% 31.61% 3.21% 8.70% 500 45.41% 1 6.49% 10 10.19% 100 20.85% KIRIN HOLDINGS COMPANY, LIMITED 87
Printed in Japan 2016 5 31