Stock Analysis
Kirin Holdings Company First Quarter 2024 Earnings: Beats Expectations
Kirin Holdings Company (TSE:2503) First Quarter 2024 Results
Key Financial Results
- Revenue: JP¥501.8b (up 11% from 1Q 2023).
- Net income: JP¥25.9b (up 363% from 1Q 2023).
- Profit margin: 5.2% (up from 1.2% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: JP¥31.98 (up from JP¥6.90 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kirin Holdings Company Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 2.3%. Earnings per share (EPS) also surpassed analyst estimates by 18%.
Looking ahead, revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Beverage industry in Japan.
Performance of the Japanese Beverage industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Before you take the next step you should know about the 1 warning sign for Kirin Holdings Company that we have uncovered.
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About TSE:2503
Kirin Holdings Company
Engages in food and beverages, pharmaceuticals, and health science businesses.
Undervalued with solid track record and pays a dividend.