Kirin to Push Deeper Into Health Care After Shoring Up Asia [BNN Bloomberg (Canada)]
FUJIFILM HLDGS CORP ADR (FUJIY)
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Source: BNN Bloomberg
acquisitions and seeking new ones in North America to reach a goal of ¥500 billion ($3.3 billion) in annual sales. “We are now at a stage where we can really begin driving that growth,” Takeshi Minakata, president and chief operating officer, said in an interview. He was promoted in March after previously leading the health science division. The brewer wants the health business to make up 20% of total sales as soon as 2030, according to Minakata. While the goal is a high target considering current unit revenue — which stood at ¥103 billion for 2023 — more investments in the sector will help lift revenue, he said. Kirin shares were up 1.7% in early morning trading in Tokyo on Monday. Kirin has already been ramping up its presence in health care, buying a 33% stake in Fancl Corp., a Japanese cosmetics and dietary supplement company, for ¥129 billion in 2019. Last year, it acquired Australia-based vitamin company Blackmores Ltd. for $1.2 billion. Kirin will grow these acquisitions,
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