Japan: Kirin Holding achieves net income in 2016 versus lost in the previous year

Kirin Holdings Co. Ltd. on February 13 announced fiscal net income attributable to the owners of the parent of 118.158 billion yen, compared to loss of 47.329 billion yen last year. On a per share basis, earnings were 129.49 yen, while the loss was 51.87 yen last year.

Net sales for the full year declined to 2.075 trillion from 2.196 trillion in the previous year.

Looking ahead, the company expects fiscal 2017 net income to be 68.00 billion yen. Net sales for the period is expected to be 2.100 trillion.