Kirin Holdings Company Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 09, 2024

Kirin Holdings Company (TSE:2503) Third Quarter 2024 Results

Key Financial Results

Revenue: JP¥603.9b (up 4.5% from 3Q 2023).
Net income: JP¥22.0b (down 57% from 3Q 2023).
Profit margin: 3.7% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses.
EPS: JP¥27.22 (down from JP¥64.11 in 3Q 2023).

earnings-and-revenue-growth — TSE:2503 Earnings and Revenue Growth November 9th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kirin Holdings Company Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) also missed analyst estimates by 49%.

Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Beverage industry in Japan.

Performance of the Japanese Beverage industry.

The company's shares are down 2.4% from a week ago.

Risk Analysis

Be aware that Kirin Holdings Company is showing 1 warning sign in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.