DOCSLIB.ORG

Group Companies(66KB)

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Group Companies(66KB) Group Companies (As of December 31, 2016) The Kirin Group is headed by Kirin Holdings Company, Limited, a pure holding company, which has 188 consolidated subsidiaries and 18 affiliated companies accounted for using the equity method. Percentage Company Name Location Description of Business of Holding Japan Integrated Beverages Management and provision of specialized services for Japan Kirin Company, Limited Tokyo, Japan 100.0 Integrated Beverages Business Kirin Brewery Company, Limited Tokyo, Japan Manufacturing and sales of beer and other alcoholic beverages, etc. 100.0 Kirin Beer Marketing Company, Ltd. Tokyo, Japan Marketing and sales promotion for beer and other alcoholic beverages 100.0 Import, manufacturing, and sales of wine and other alcoholic Mercian Corporation Tokyo, Japan 100.0 beverages Kirin Beverage Company, Ltd. Tokyo, Japan Manufacturing and sales of non-alcoholic beverages 100.0 Kirin Beverage Value Vendor Company, Planning and sales of non-alcoholic beverages and food products to Tokyo, Japan 100.0 Limited sell via vending machines Manufacturing of domestically produced whiskey and spirits, etc., Kirin Distillery Co., Ltd. Shizuoka, Japan 100.0 at the Fuji-Gotemba Distillery Development of SPRING VALLEY BREWERY brand craft beer products, SPRING VALLEY BREWERY COMPANY Tokyo, Japan and planning, operation, and management of restaurants attached to 100.0 microbreweries YO-HO BREWING COMPANY* Nagano, Japan Manufacturing and sales of craft beer 33.3 Administration of alcoholic beverages business in China, identification of new investment opportunities and other business development 1 Kirin (China) Investment Co., Ltd. Shanghai, China 100.0 activities in China, sales of Kirin brand products in the Yangtze River Delta Economic Zone Kirin Brewery (Zhuhai) Co., Ltd. Guangdong, China Manufacturing and sales of beer 100.0 2 Taiwan Kirin Co., Ltd. Taipei, Taiwan Import and sales of Kirin brand products in Taiwan 100.0 Administration of local manufacturing and sales of Kirin brand prod- 3 Kirin Europe GmbH Dusseldorf, Germany 100.0 ucts in Europe Marketing of Kirin brand products in the United States, exports to North 4 Kirin Brewery of America, LLC California, U.S.A. 100.0 and South America 5 Four Roses Distillery, LLC Kentucky, U.S.A. Manufacturing and sales of bourbon whiskey 100.0 Oceania Integrated Beverages Ownership and management administration of operating companies New South Wales, 6 Lion Pty Ltd in Oceania (alcoholic beverages, dairy products, juice beverages 100.0 Australia businesses) New South Wales, Manufacturing and sales of beer and other alcoholic beverages Lion-Beer, Spirits & Wine Pty Limited 100.0 Australia in Australia Lion-Dairy & Drinks Pty Ltd Victoria, Australia Manufacturing of dairy products and drinks, etc., in Australia 100.0 Auckland, New Manufacturing and sales of beer and other alcoholic beverages Lion-Beer, Spirits & Wine (NZ) Limited 100.0 Zealand in New Zealand Other Overseas Integrated Beverages 7 Brasil Kirin Holding S.A. São Paulo, Brazil Manufacturing and sales of beer and non-alcoholic beverages in Brazil 100.0 Formulation and implementation of integrated beverage business 8 Kirin Holdings Singapore Pte. Ltd. Singapore 100.0 strategies in Southeast Asia 9 Myanmar Brewery Limited Yangon, Myanmar Manufacturing and sales of beer in Myanmar 55.0 Manufacturing and sales of non-alcoholic beverages and food products 10 Interfood Shareholding Company Dong Nai, Vietnam 95.7 in Vietnam Metro Manila, 11 San Miguel Brewery Inc.* Manufacturing and sales of beer in the Philippines 48.6 Philippines 12 China Resources Kirin Beverages British Virgin Islands Manufacturing and sales of non-alcoholic beverages 40.0 (Greater China) Company, Limited* Manufacturing and sales of Coca-Cola products and other non- 13 The Coca-Cola Bottling Company of New Hampshire, alcoholic beverages in seven states in the northeastern region of 100.0 Northern New England, Inc. U.S.A. the United States AZUMA KIRIN Indústria e Comércio de São Paulo, Brazil Manufacturing and sales of sake and food products in Brazil 100.0 Bebidas e Alimentos Ltda. 84 KIRIN REPORT 2016 Percentage Company Name Location Description of Business of Holding Pharmaceuticals and Bio-chemicals Kyowa Hakko Kirin Co., Ltd. Tokyo, Japan Manufacturing and sales of ethical pharmaceuticals 52.8 Administration and management of subsidiaries conducting 14 Kyowa Kirin International plc Scotland, U.K. 100.0 development and sales of ethical pharmaceuticals Manufacturing and sales of pharmaceutical and industrial raw Kyowa Hakko Bio Co., Ltd. Tokyo, Japan 100.0 materials, healthcare products, etc. Kirin-Amgen, Inc.* California, U.S.A. Research, development, and licensing of pharmaceuticals 50.0 Others Manufacturing and sales of milk, butter, cheese, fermented milk, Koiwai Dairy Products Company, Limited Tokyo, Japan and other dairy products and of margarine, jam, honey, and other 99.9 food products * Equity-method affiliates 14 3 13 5 1 4 12 9 2 10 11 8 7 6 Information by Region Composition of Sales* Composition of Property, Plant and Equipment Others Others 9.4% 8% Brazil 5.8% Brazil 16% Oceania Japan Japan ¥2,075.0 billion ¥705.2 billion 17.6% 67.2% 52% Oceania 24% * Sales are classified into countries and regions based on the location of the customer. KIRIN HOLDINGS COMPANY, LIMITED 85.
Load more

Recommended publications
  • Environmental Disclosure Analysis of Sustainability Reports the Brazilian
    Gest. Prod., São Carlos, v. 26, n. 3, e3120, 2019 Original Article https://doi.org/10.1590/0104-530X3120 Environmental disclosure analysis of sustainability reports the brazilian and international brewing industry based on Global Reporting Initiative - GRI ISSN 0104-530X (Print) ISSN 1806-9649 (Online) Análise da evidenciação ambiental dos relatórios de sustentabilidade da indústria cervejeira brasileira e internacional com base na Global Reporting Initiative - GRI Erika Sucena1 Marcia Mara de Oliveira Marinho1 How to cite: Sucena, E., & Marinho, M. M. O. (2019). Environmental disclosure analysis of sustainability reports the brazilian and international brewing industry based on Global Reporting Initiative - GRI. Gestão & Produção, 26(3), e3120. https://doi.org/10.1590/0104-530X3120 Abstract: Environmental disclosure is a tool set that companies use to communicate their environmental performance to stakeholders. The organization Sustainability Report is the main platform to report the company’s relationship with the environment in which operates. The Global Reporting Initiative- GRI is a scheme that develops and disseminates guidelines for this kind of account, to standardize and promote international report classification. The brewing industry is actively involved in the Brazilian economy, being a consumer of natural resources in great amounts. Thus, the objective of this article is to evaluate the level of environmental disclosure practiced in the sustainability reports of Brazilian brewering industries. The sample is characterized by the Sustainability Reports of the years 2011 to 2013 of the Brazilian companies: Ambev; Brazil Kirin; Grupo Petrópolis and internationals, Heineken; AB InBev; SABMiller and Heineken Netherlands. It was used four research techniques to analyse the reports: (1) Classification of indicators as the answer; (2) Adherence to treatment or GAPIE-GRI; (3) Effective Disclosure Degree and (4) indicators ranking the contents.
    [Show full text]
  • AFE-ADB News No 41.Indd
    No. 41 | September 2012 The Newsletter of the Association of Former Employees of the Asian Development Bank People, Places and Passages Chapter News Manila Annual General Meeting IN THIS ISSUE Our Cover No. 41 | September 2012 The Newsletter of the SEPTEMBER 2012 Association of Former Employees of the Asian Development Bank People, Places and Passages 3 AFE–ADB Updates 3 From the Executive Secretary Chapter News 3 ADF XI: ADB Secures More Than $12 Billion to Help Asia’s Poorest 4 ADB Avenue—The Untold Story 5 Chapter Coordinators 6 AFE–ADB Committees Manila 6 What’s New at HQ? Annual General Meeting 7 Manila 2012 7 Chapter Coordinators’ Meeting Above: From Morita’s Asian Eye. 12 AFE–ADB 25th Annual General Meeting Center: New Zealand Chapter. 12 Minutes Background: Taal Lake, Batangas City, 14 Address by the President 15 Executive Secretary’s Report Philippines. 16 Treasurer’s Report 17 Pension Report 17 Insurance Report 18 BPMSD Statements AFE–ADB News 19 Manila Reunion 19 Meetings, Cocktails, and Tours Publisher: Hans-Juergen Springer 27 Participants Editorial Board: Jill Gale de Villa (head), Gam de 28 Chapter News Armas, Wickie Mercado, Stephen Banta, David 28 Indonesia Parker, Hans-Juergen Springer 29 Japan 29 New York–New Jersey Graphic Assistance: Josephine Jacinto-Aquino 30 New Zealand 32 Pakistan Photographs: ADB Photobank, ADB Security Unit, 32 Philippines M. Araki, Raquel Cabiles, Canadian Olympic 33 Singapore Committee, Oscar Colmenar, Rosario Coloma, 33 Southern California Gam de Armas, Michel de Ruffi de Ponteves, 34 Washington DC Satoshi Inoue, Helena Jacinto-Duenas, Shahida Jaffrey, Willy Lim, Jayanta Madhab, Filonila 35 People, Places, and Passages Martin, Rose Misa, Noritada Morita, David 35 Asian Eye Parker, Albertine Santi, Hans-Juergen Springer, 38 South Island, New Zealand Ofelia Sta.
    [Show full text]
  • Kirin Report 2016
    KIRIN REPORT 2016 REPORT KIRIN Kirin Holdings Company, Limited Kirin Holdings Company, KIRIN REPORT 2016 READY FOR A LEAP Toward Sustainable Growth through KIRIN’s CSV Kirin Holdings Company, Limited CONTENTS COVER STORY OUR VISION & STRENGTH 2 What is Kirin? OUR LEADERSHIP 4 This section introduces the Kirin Group’s OUR NEW DEVELOPMENTS 6 strengths, the fruits of the Group’s value creation efforts, and the essence of the Group’s results OUR ACHIEVEMENTS and CHALLENGES to OVERCOME 8 and issues in an easy-to-understand manner. Our Value Creation Process 10 Financial and Non-Financial Highlights 12 P. 2 SECTION 1 To Our Stakeholders 14 Kirin’s Philosophy and TOPICS: Initiatives for Creating Value in the Future 24 Long-Term Management Vision and Strategies Medium-Term Business Plan 26 This section explains the Kirin Group’s operating environment and the Group’s visions and strate- CSV Commitment 28 gies for sustained growth in that environment. CFO’s Message 32 Overview of the Kirin Group’s Business 34 P. 14 SECTION 2 Advantages of the Foundation as Demonstrated by Examples of Value Creation Kirin’s Foundation Revitalizing the Beer Market 47 Todofuken no Ichiban Shibori 36 for Value Creation A Better Green Tea This section explains Kirin’s three foundations, Renewing Nama-cha to Restore Its Popularity 38 which represent Group assets, and provides Next Step to Capture Overseas Market Growth examples of those foundations. Myanmar Brewery Limited 40 Marketing 42 Research & Development 44 P. 36 Supply Chain 46 SECTION 3 Participation in the United Nations Global Compact 48 Kirin’s ESG ESG Initiatives 49 This section introduces ESG activities, Human Resources including the corporate governance that —Valuable Resource Supporting Sustained Growth 50 supports value creation.
    [Show full text]
  • Myanmar Carlsberg Co Ltd
    Myanmar Carlsberg Co Ltd The case describes how Myanmar Carlsberg contributes to building capacity in Myanmar by implementing high international standards within safety, anti-corruption, education and environment. In February 2013, Carlsberg signed a contract to invest in a new brewery in Myanmar. Carlsberg is the first Danish company to set up in Myanmar, and the first beer producer in the world with permission to brew beer in the promising Burmese market. The impressive new brewery is located in a new industrial zone in Bago, which is a couple of hours drive from Yangon. Only the very last licenses are needed before Myanmar Carlsberg can start brewing beer in 2015. Myanmar Carlsberg brews three brands of beer, Carlsberg, Tuborg and the new local brand “Yoma”, which in Burmese translates to “Mountain chain”. A complicated political system Myanmar Carlsberg is a joint venture between Carlsberg and Myanmar Gold Star (MGS) Breweries. This is the same partner Carlsberg worked with in the 90s, which was the last time the company was active in the country. Carlsberg owns 51% and MGS owns 49%. “It would have been extremely difficult to start up in Myanmar without a good partner” says Daniel Sjoegren. Daniel Sjoegren is the former Managing Director with a long international career in Carlsberg. Daniel has been in charge of the complex process to start-up business in Myanmar. “We had to have more than 200 different licenses from different authorities in order to start building the brewery and producing beer. And to be honest, these licenses have not been given as quickly as we would have liked” Daniel Sjoegren continues.
    [Show full text]
  • Maynilad Water Services, Inc. Public Disclosure Authorized
    Fall 08 Maynilad Water Services, Inc. Public Disclosure Authorized Public Disclosure Authorized Valenzuela Sewerage System Project Environmental Assessment Report Public Disclosure Authorized Public Disclosure Authorized M a r c h 2 0 1 4 Environmental Assessment Report VALENZUELA SEWERAGE SYSTEM PROJECT CONTENTS Executive Summary ...................................................................................................................................... 7 Project Fact Sheet ..................................................................................................................................... 7 Introduction ................................................................................................................................................ 7 Brief Description of the Project .................................................................................................................. 8 A. Project Location ............................................................................................................................. 8 B. Project Components ....................................................................................................................... 9 C. Project Rationale .......................................................................................................................... 10 D. Project Cost .................................................................................................................................. 10 E. Project Phases ............................................................................................................................
    [Show full text]
  • Annual Report 2016 Focused on Grow Th
    FEMSA is a multinational beverage and retail TABLE OF CONTENTS company headquartered in Mexico. We hold FEMSA at a Glance .............................2 a 48% stake in Coca-Cola FEMSA, the largest Financial Highlights ............................4 Letter to Shareholders ..........................6 bottler of Coca-Cola products in the world by FEMSA Comercio - Retail Division. 8 FOCUSED ON ON FOCUSED FEMSA Comercio - Health Division. .9 volume, and a 20% stake in Heineken, one of the FEMSA Comercio - Fuel Division ...............10 world’s leading brewers with operations in over Coca-Cola FEMSA .............................11 Sustainability ..................................14 70 countries. We participate in the retail industry FEMSA Foundation ............................16 GROWTH through FEMSA Comercio (100%), comprising a Executive Management ........................18 Corporate Governance .........................19 Retail Division operating primarily through OXXO, Board of Directors .............................20 In Memoriam ..................................21 the largest convenience store chain in Latin FOMENTO ECONOMICO MEXICANO, S.A.B. DE C.V. Financial Summary ............................22 America by units; a Fuel Division, operating the Management’s Discussion & Analysis ..........24 General Anaya 601 Pte. Col. Bella Vista C.P. 64410 REPORTANNUAL 2016 Monterrey, Nuevo Leon, Mexico OXXO GAS chain of retail service stations; and a [email protected] Health Division, which includes drugstores and related operations in Mexico
    [Show full text]
  • Financial Services Guide and Independent Expert's Report In
    Financial Services Guide and Independent Expert’s Report in relation to the Proposed Demerger of Treasury Wine Estates Limited by Foster’s Group Limited Grant Samuel & Associates Pty Limited (ABN 28 050 036 372) 17 March 2011 GRANT SAMUEL & ASSOCIATES LEVEL 6 1 COLLINS STREET MELBOURNE VIC 3000 T: +61 3 9949 8800 / F: +61 3 99949 8838 www.grantsamuel.com.au Financial Services Guide Grant Samuel & Associates Pty Limited (“Grant Samuel”) holds Australian Financial Services Licence No. 240985 authorising it to provide financial product advice on securities and interests in managed investments schemes to wholesale and retail clients. The Corporations Act, 2001 requires Grant Samuel to provide this Financial Services Guide (“FSG”) in connection with its provision of an independent expert’s report (“Report”) which is included in a document (“Disclosure Document”) provided to members by the company or other entity (“Entity”) for which Grant Samuel prepares the Report. Grant Samuel does not accept instructions from retail clients. Grant Samuel provides no financial services directly to retail clients and receives no remuneration from retail clients for financial services. Grant Samuel does not provide any personal retail financial product advice to retail investors nor does it provide market-related advice to retail investors. When providing Reports, Grant Samuel’s client is the Entity to which it provides the Report. Grant Samuel receives its remuneration from the Entity. In respect of the Report in relation to the proposed demerger of Treasury Wine Estates Limited by Foster’s Group Limited (“Foster’s”) (“the Foster’s Report”), Grant Samuel will receive a fixed fee of $700,000 plus reimbursement of out-of-pocket expenses for the preparation of the Report (as stated in Section 8.3 of the Foster’s Report).
    [Show full text]
  • The #1 Global Beer Brand
    ELEVATION CAPITAL GLOBAL SHARES FUND Heineken (Market Capitalisation €51,273.9m) is the world’s most international brewer - employing more than 80,000 employees in over 70 countries - and the 2nd largest brewer by volume. Heineken owns, markets and sells more than 300 brands including premium market leaders such as Heineken, Tiger, Amstel, and Birra Moretti. Despite economic headwinds, Heineken have been the best performer of the large cap breweries over the past year - appreciating about 9.5% over the period. Heineken was an early mover in shifting its mix up-market (premiumisation), which is a key factor in offsetting declining beer consumption in developed markets. At the same time, Heineken has created an attractive long-term growth footprint in significant emerging markets like Vietnam that can help drive greater long-term growth. They have successfully positioned themselves in the highest growth markets, with a suite of high-margin premium brands and significant economies of scale, leaving us confident in their ability to capitalise on the economic recovery and increased frequency of social outings. The #1 global beer brand Heineken is the most trusted international beer brand in the world. Despite the backdrop of COVID-19, it outperformed the overall category - showing that consumers turn to brands they trust during difficult times. Heineken’s strategic focus is on being the #1 or #2 player in all markets in which they operate. They have achieved this through both greenfield developments and M&A. Recent market entries include Colombia and Ecuador in 2019, Peru in 2020 and Australia in 2021. Each of these was via acquisition.
    [Show full text]
  • BEER SECTOR in BRAZIL FLANDERS INVESTMENT & TRADE MARKET SURVEY Market Study
    BEER SECTOR IN BRAZIL FLANDERS INVESTMENT & TRADE MARKET SURVEY Market study /////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// BEER SECTOR IN BRAZIL 6.08.2020 //////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// www.flandersinvestmentandtrade.com INHOUD 1. Foreword .................................................................................................................................................................................................. 3 2. Introduction ............................................................................................................................................................................................. 4 3. The beer history in Brazil ................................................................................................................................................................. 5 4. The consumption of beer in Brazil .............................................................................................................................................. 7 5. Foreign trade statistics Belgium-Brazil .................................................................................................................................... 13 6. Inputs for the beer industry ........................................................................................................................................................
    [Show full text]
  • Financial Review
    Consolidated Statements of Financial Position FOMENTO ECONÓMICO MEXICANO, S.A.B. DE C.V. AND SUBSIDIARIES MONTERREY, N.L., MEXICO As of December 31, 2016 and 2015 . December December December Amounts expressed in millions of U .S . dollars ($) (*) and in millions of Mexican pesos (Ps .) . Note 2016 2016 2015 ASSETS Current Assets: Cash and cash equivalents 5 $ 2,117 Ps. 43,637 Ps. 29,396 Investments 6 6 120 19 Accounts receivable, net 7 1,272 26,222 18,012 Inventories 8 1,549 31,932 24,680 Recoverable taxes 24 447 9,226 8,544 Other current financial assets 9 131 2,705 2,418 Other current assets 9 199 4,109 3,654 Total current assets 5,721 117,951 86,723 Investments in associates and joint ventures 10 6,238 128,601 111,731 Property, plant and equipment, net 11 4,958 102,223 80,296 Intangible assets, net 12 7,434 153,268 108,341 Deferred tax assets 24 585 12,053 8,293 Other financial assets 13 744 15,345 8,955 Other assets 13 785 16,182 4,993 TOTAL ASSETS $ 26,465 Ps. 545,623 Ps. 409,332 LIABILITIES AND EQUITY Current Liabilities: Bank loans and notes payable 18 $ 93 Ps. 1,912 Ps. 2,239 Current portion of long-term debt 18 260 5,369 3,656 Interest payable 47 976 597 Suppliers 2,302 47,465 35,773 Accounts payable 564 11,624 9,236 Taxes payable 551 11,360 9,136 Other current financial liabilities 25 368 7,583 4,709 Total current liabilities 4,185 86,289 65,346 Long-Term Liabilities: Bank loans and notes payable 18 6,401 131,967 85,969 Employee benefits 16 216 4,447 4,229 Deferred tax liabilities 24 535 11,037 6,230 Other financial liabilities
    [Show full text]
  • HY PR 2017 Heineken Holding NV
    MEDIA RELEASE Heineken Holding N.V. reports 2017 half year results Amsterdam, 31 July 2017 – Heineken Holding N.V. (EURONEXT: HEIO; OTCQX: HKHHY) today announces: • The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for the first half year of 2017 amounts to €440 million • Organic revenue +5.7% with revenue per hectolitre up +3.4%1 • Consolidated beer volume +2.6% with growth in all regions • Heineken® volume +3.9% • Operating profit (beia) +11.8% organically and operating margin +34bps1 • Net profit (beia) of €1,036 million, up 10.5% organically • FY expectations unchanged FINANCIAL SUMMARY Key financials1,2,3 HY17 HY16 Total Organic (in mhl or € million unless otherwise stated) growth growth % % Revenue 10,475 10,094 3.8 5.7 Revenue/hl (in €) 91 91 -0.8 3.4 Operating profit (beia) 1,805 1,705 5.9 11.8 Operating profit (beia) margin 17.2% 16.9% 34 bps Net profit (beia) 1,036 977 6.0 10.5 Net profit of Heineken Holding N.V. 440 296 48.6 EPS (in €) 1.53 1.03 48.6 Free operating cash flow 746 541 37.9 Net debt/ EBITDA (beia)4 2.5 2.4 1 Excluding an accounting adjustment in the UK with no impact on operating profit, HEINEKEN organic revenue growth would have been +5.3%, organic revenue per hl +3.0%, and operating margin (beia) +41 bps. 2 Consolidated figures are used throughout this report, unless otherwise stated; please refer to the Glossary section for an explanation of terms used throughout this report.
    [Show full text]
  • Kirin Report 2018
    KIRIN REPORT 2018 KIRIN REPORT Kirin Holdings Company, Limited 2018 Kirin Holdings Company, Limited Printed in Japan Published May 31, 2018 CONTENTS CHAPTER Philosophy and Strategy KIRIN REPORT 03 History of the Kirin Group 2018 05 The Kirin Group Today 07 The Kirin Group’s Value Creation Model 09 Discussion with Management, Part 1 Yoshinori Isozaki Toshio Arima President & CEO Outside Director and Chairman of the Board 11 Message from Top Management Yoshinori Isozaki CHAPTER 17 Discussion with Management, Part 2 Noriya Yokota Chieko Matsuda Director of the Board, Outside Audit & Supervisory Senior Executive Ocer Board Member & CFO 21 Financial and Non-Financial Highlights Philosophy and Strategy CHAPTER Kirin’s Value Creation 25 : Kirin Ichiban Shibori Relaunch and Craft Beer Market Development Corporate Philosophy 27 : Pharmaceuticals for Worldwide Markets 29 : Lactococcus lactis strain Plasma Stars in New Products The Kirin Group — Focused on people, nature and 31 : Advanced High-Eciency Facilities at Myanmar Brewery craftsmanship to redefine the joy of food and well-being 33 CSV Commitment Results and Goals Editorial Policy 35 System to Promote CSV We pride ourselves on oering products based on what people want. This integrated report compre- We pride ourselves on our ability to harness the goodness of nature through innovative technology. 37 Human Resources—Valuable Resources Supporting Sustained Growth hensively explains the Kirin We pride ourselves on delivering tangible satisfaction and quality in everything we make. Group’s corporate value in both All of which ensures that we exceed customers’ expectations. financial and non-financial terms. KIRIN REPORT 2018 summa- And naturally, we do not stop there.
    [Show full text]