Kirin Holdings Co. has cut its 2015 sales forecast because of a weaker outlook for its domestic beer operations and slower growth in its Australian subsidiary.
Sales will reach at least ¥2.3 trillion by 2015, lower than an earlier projection of ¥3 trillion, the brewer said Monday in a statement to the Tokyo Stock Exchange.
Operating profit in 2015 will probably be more than ¥180 billion, according to the company's estimate.