Kirin Holdings Company Third Quarter 2024 Earnings: Misses Expectations

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).

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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