Summary of Consolidated Financial Results(For the fiscal year ended March 31, 2011)
May 11, 2011
Tokyo Stock Exchange
Company name: KYORIN Holdings,Inc.
Code number: 4569
Web site: http://www.kyorin-gr.co.jp/
Representative: Masahiro Yamashita, Representative Director, President and Chief Executive Officer
Contact: Yoh Ito, Senior Executive Officer, Director, Finance & Accounting
TEL (03) 3293-3420
Scheduled date for Ordinary General Meeting of Shareholders: June 24, 2011
Scheduled date for starting dividend payment: June 10, 2011
Scheduled date for submitting securities report: June 27, 2011
(Amounts rounded down to the nearest million yen)
1. Consolidated Results for the Year Ended March 31, 2011 (From April 1, 2010, to March 31, 2011)(1) Consolidated Operating Results(Percentage changes relative to previous corresponding period)
Net sales
Operating income
Ordinary income
Million yen% Million yen% Million yen%March 2011
104,069
4.3
16,44324.0
17,11020.2
March 2010
99,7649.8
13,261
48.1
14,234
54.6
Notes Comprehensive income:March 2011: ¥10,554million (7.0%), March 2010: ¥9,864 million (―%)
Net income per shareNet income
Net income per share(Diluted)
Million yen%
YenYenMarch 2011
10,92723.5
146.21—March 2010
8,848
334.3
118.37—
Ratio of ordinary income toOperating income margin
total assets%%%
March 2011
10.1
12.0
15.8
March 2010
8.8
10.9
13.3
Notes Equity in earnings of affiliates: March 2011: ¥39 million, March 2010: ¥123 million
ROE(2) Consolidated Financial Position
Total assets
Net assets
Equity ratio
Net assets per share
Million yen
Million yen%
Yen
March 2011
147,234
111,706
75.9
1,494.83
March 2010
137,190
104,91176.51,403.60
Note: Equity: March 2011: ¥111,706 million, March 2010: ¥104,911 million(3) Consolidated Cash Flows
Cash flows fromoperating activities
March 2011
March 2010

Million yen
6,805
12,027

Cash and cash
Cash flows fromequivalents at the end
financing activities
of yearMillion yen
Million yen
Million yen(1,806)201
26,665412(3,297)
21,556

Cash flows frominvesting activities――
12. Dividends
Dividend per share(Record date)
March 2010
March 2011
March 2012
(Forecast)End of the 1stquarter
Yen———End of the 2ndquarter
Yen
10.00
10.00
10.00

Total dividends

End of the 3rdquarter
Yen———Year-end

Payout ratio(Consolidated)

TotalYen
40.00
35.00

Yen
50.00
45.00

35.00

45.00

Ratio of dividends to net
assets (Consolidated)

Million Yen%%
March 2010
3,737
42.2
3.7
March 2011
3,363
30.8
3.1
March 2012
30.9(Forecast)
Note: Although the year-end dividend for the fiscal year ended March 31, 2011, had previously been estimated to be¥25.00, it was changed to ¥35.00.
3. Forecast of Consolidated for the Year Ending March 31, 2012 (From April 1, 2011, to March 31, 2012)(Percentage changes relative to previous corresponding period)
Net sales
Operating income
Ordinary income
Million yen% Million yen% Million yen%First half
49,200
5.3
6,100
45.2
6,400
40.9
Full year
106,500
2.3
16,6001.0
17,2000.5
Net income
First half
Full year

Million yen
4,000
109,000

Net income per share%35.2(0.3)

Yen
53.53
145.86

4. Other(1) Changes in major subsidiaries during the period (Change of specified
subsidiaries associated with a change of the scope of consolidation): None
New: ―(Company name: ―)Excluded:―(Company name: ―)(2) Changes in accounting policies and procedures and presentation methods
1) Changes due to mandatory changes of accounting standards: Yes
2) Changes other than 1): None
(3) Number of shares issued (common stock)1) Number of shares issued and outstanding at the end of the fiscal year (including treasury stock)
Fiscal year ended March 2011: 74,947,628 shares,
Fiscal year ended March 2010: 74,947,628 shares
2) Number of shares of treasury stock at the end of the fiscal year
Fiscal year ended March 2011: 219,032 shares,
Fiscal year ended March 2010: 203,047 shares
3) Averaged number of shares of during the period
Fiscal year ended March 2011: 74,736,991 shares,
Fiscal year ended March 2010: 74,755,795 shares* Implementation status of audit proceduresThis financial summary is exempt from audit procedures as stipulated under the Financial Instruments and Exchange
Act of Japan. At the time of the announcement of this financial summary,audit procedures have not been completed
as stipulated under the Financial Instruments and Exchange Act of Japan.
* Explanations about the appropriate use of the business forecasts and other noteworthy points
These forecast performance figures are based on information currently available to the Company and may include
uncertain factors or risk that affect our future performance. Accordingly, actual business results may materiallydiffer from the forecasted figures due to various factors in the future.

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