Want to see JP:2503 full AI Analyst Report?
Top Page
Kirin Holdings Company
(2503)
Select Model
Select Model
Rating:76Outperform
Price Target:
¥3,433.00
▲(18.05% Upside)
Action:Upgraded
Date:08/10/26
The score is driven primarily by improving financial performance (rebounding margins and ROE, with manageable leverage) and a strong technical uptrend (price above all key moving averages with supportive momentum). Valuation is a secondary positive with a moderate P/E and a modest dividend yield, while cash conversion remains the key financial risk that caps the overall score.
Positive Factors
Diversified Business Mix
Kirin's multi-segment model (alcoholic, non-alcoholic and pharmaceuticals) provides structural diversification of revenue and profit drivers, reducing dependence on one market cycle. This supports steadier cash flows and strategic optionality for reinvestment or portfolio rebalancing over months to years.
Negative Factors
Weak Cash Conversion
Earnings are not translating efficiently into cash, with OCF roughly 50% of EBIT and FCF covering ~50% of net income. Persisting cash-conversion gaps limit capacity for sustainable dividends, capital spending and debt reduction, and raise sensitivity to working-capital swings.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Business Mix
Kirin's multi-segment model (alcoholic, non-alcoholic and pharmaceuticals) provides structural diversification of revenue and profit drivers, reducing dependence on one market cycle. This supports steadier cash flows and strategic optionality for reinvestment or portfolio rebalancing over months to years.
Read all positive factors
Kirin Holdings Company (2503) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.46T
Dividend Yield2.47%
Average Volume (3M)2.57M
Price to Earnings (P/E)16.1
Beta (1Y)0.32
Revenue Growth5.72%
EPS Growth266.01%
CountryJP
Employees31,144
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)243.23
Shares Outstanding816,000,000
10 Day Avg. Volume2,420,760
30 Day Avg. Volume2,571,096
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)1.48
Price to Sales (P/S)0.78
P/FCF Ratio15.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,750.00Price Target Upside-5.43% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)220.92
Revenue Forecast (FY)¥2.51T
Kirin Holdings Company Business Overview & Revenue Model
Company Description
Kirin Holdings Company, Limited, a global enterprise established in Tokyo, Japan, in 1885, is broadly engaged in the manufacturing and distribution of alcoholic beverages, non-alcoholic drinks, and pharmaceuticals. The company's operations are org...
How the Company Makes Money
Kirin makes money primarily by selling consumer and healthcare products through its operating subsidiaries and distribution channels. Its key revenue streams include (1) Alcoholic beverages: revenue from the production and sale of beer and other a...
Kirin Holdings Company Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.51T | 2.43T | 2.34T | 2.13T | 1.99T | 1.82T |
| Gross Profit | 1.22T | 1.16T | 1.02T | 920.79B | 863.85B | 784.65B |
| EBITDA | 406.65B | 358.03B | 243.24B | 290.86B | 283.14B | 185.19B |
| Net Income | 196.43B | 147.54B | 58.21B | 112.70B | 111.01B | 59.79B |
Balance Sheet | ||||||
| Total Assets | 3.40T | 3.49T | 3.35T | 2.87T | 2.54T | 2.47T |
| Cash, Cash Equivalents and Short-Term Investments | 168.07B | 125.29B | 118.62B | 131.40B | 88.06B | 149.49B |
| Total Debt | 843.60B | 923.43B | 931.33B | 733.08B | 605.02B | 641.63B |
| Total Liabilities | 1.72T | 1.90T | 1.82T | 1.44T | 1.29T | 1.32T |
| Stockholders Equity | 1.36T | 1.29T | 1.18T | 1.13T | 980.02B | 894.18B |
Cash Flow | ||||||
| Free Cash Flow | 196.92B | 119.84B | 62.26B | 89.40B | 37.08B | 132.97B |
| Operating Cash Flow | 365.52B | 295.43B | 242.84B | 203.21B | 135.56B | 219.30B |
| Investing Cash Flow | -151.57B | -266.79B | -329.38B | -226.09B | -10.40B | -56.41B |
| Financing Cash Flow | -227.05B | -28.76B | 58.13B | 35.91B | -167.84B | -180.46B |
Kirin Holdings Company Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥1.44T | 16.21 | 6.92% | 2.54% | 7.30% | 1.73% | |
76 Outperform | ¥2.46T | 16.08 | 12.28% | 2.58% | 5.72% | 266.01% | |
69 Neutral | ¥819.88B | 17.95 | 7.71% | 2.67% | -0.67% | 10.63% | |
63 Neutral | ¥2.58T | 20.56 | 4.41% | 3.16% | -1.52% | -35.95% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ¥764.09B | 32.97 | 10.95% | 6.41% | -5.63% | 9049.10% | |
49 Neutral | ¥650.56B | 34.21 | -11.96% | 1.52% | -0.01% | ― |
* Consumer Defensive Sector Average
JP:2503
Kirin Holdings Company
3,038.00
998.02
48.92%
JP:2502
Asahi Group Holdings
1,694.50
-221.24
-11.55%
JP:2579
Coca-Cola Bottlers Japan Holdings
4,004.00
1,434.61
55.83%
JP:2501
Sapporo Holdings
1,960.00
580.22
42.05%
JP:2587
Suntory Beverage & Food
4,650.00
0.25
<0.01%
JP:2267
Yakult Honsha Co
2,850.50
492.00
20.86%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.