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30-799: The Kirin Holdings Company, Limited. ( キリンホールディングス株式会社 ) is a Japanese beer and beverage holding company . It is known for brands such as Kirin Beer, Kirin Lemon, Mets, and Gogo no Kōcha. The predecessor of the company, the Japan Brewery Company , was founded in Yokohama in 1885 by William Henry Talbot and Edgar Abbott. In 1888, they launched Kirin Beer. In 1907, the business of JBC was inherited, and Kirin Brewery Company

60-568: A lighter and cheaper beer. The brand Nobel was acquired by Schincariol in 2007. Schin Malzbier (a black and sweeter beer), Schin Munich (a light darker beer), the non-alcoholic Schin and the popular, Schin chopp (a lighter and fresher draft version of Pilsner ) are the other varieties brewed by the Schincariol family. Other brands include Baden-Baden, purchased from Campos do Jordão , with

90-482: A majority stake in Schincariol. Kirin bought a 50.45 percent stake in 2011, valued at $ 2.6 billion. In November 2011, Kirin agreed to buy out the shareholders in Schincariol, completing its biggest acquisition as it sought growth in emerging markets. $ 1.35 billion was paid for the 49.54 percent stake, giving it control of all outstanding shares. In November 2012, Kirin changed Schincariol's name to Brasil Kirin. On February 13, 2017, Heineken International announced

120-483: A new company and keeps majority shares with itself, and invites other companies to buy minority shares, it is called a parent company. A parent company could simply be a company that wholly owns another company, which is then known as a " wholly owned subsidiary ". Schincariol The company was founded in 1939 as Schincariol. In October 2011, the courts allowed the Kirin Brewery Company to buy

150-527: A parent company material influence if they are the largest individual shareholder or if they are placed in control of the running of the operation by non-operational shareholders.) In the United Kingdom, the term holding company is defined by the Companies Act 2006 at section 1159. It defines a holding company as a company that holds a majority of the voting rights in another company, or

180-579: A range including Pilsen Cristal, Premium Bock, Premium Red Ale, Stout Dark Ale, Weiss Beer, Golden, 1999, Celebration Inverno (winter beer), Celebration Verão (summer beer) and Celebration Christmas. Devassa, a lager microbrewery, originally from Rio de Janeiro , was also bought by the Schincariol Group in 2007. It comes in 4 tropical flavours: blonde, dark, red and Indian. Brasil Kirin makes tutti-frutti soft drink, Itubaína, which has been produced and distributed nationally since 1954. Makers of

210-499: Is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own stock of other companies to form a corporate group . In some jurisdictions around the world, holding companies are called parent companies , which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for

240-643: Is a member of another company and has the right to appoint or remove a majority of its board of directors, or is a member of another company and controls alone, pursuant to an agreement with other members, a majority of the voting rights in that company. After the financial crisis of 2007–2008 , many U.S. investment banks converted to holding companies. According to the Federal Financial Institutions Examination Council 's website, JPMorgan Chase , Bank of America , Citigroup , Wells Fargo , and Goldman Sachs were

270-478: Is defined by Part 1, Section 5, Subsection 1 of the Companies Act, which states: 5.—(1) For the purposes of this Act, a corporation shall, subject to subsection (3), be deemed to be a subsidiary of another corporation, if — In the United Kingdom, is generally held that an organisation holding a 'controlling stake' in a company (a holding of over 51% of the stock) is in effect the de facto parent company of

300-481: The broadcast licenses to reflect this, resulting in stations that are (for example) still licensed to Jacor and Citicasters , effectively making them such as subsidiary companies of their owner iHeartMedia . This is sometimes done on a per- market basis. For example, in Atlanta both WNNX and later WWWQ are licensed to "WNNX LiCo, Inc." (LiCo meaning "license company"), both owned by Susquehanna Radio (which

330-442: The shareholders , and can permit the ownership and control of a number of different companies. The New York Times uses the term parent holding company . Holding companies can be subsidiaries in a tiered structure . Holding companies are also created to hold assets such as intellectual property or trade secrets , that are protected from the operating company. That creates a smaller risk when it comes to litigation . In

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360-679: The 15% stake of Singapore's Fraser & Neave (F&N), a property-to-drinks conglomerate, from Kirin for US$ 1.6 billion. In July 2014, Kirin announced its intention to revive the Spring Valley Brewery brand as a wholly owned subsidiary company to focus on producing and retailing microbrewery style beers produced using traditional ingredients and brewing methods. On January 20, 2017, Heineken NV and Kirin Holdings confirmed they were in negotiations for Heineken to acquire Brasil Kirin. On February 5, 2018, Kirin Holdings announced

390-849: The Philippines, Europe, New Zealand and the United States. The company holds a 100% stake in Lion Nathan Limited , a consolidated subsidiary that is based in Australia but has particularly important operations in China. Kirin has a 48% stake in San Miguel Brewery , the dominant brewer in the Philippines. Kirin now applies its fermentation technology to areas such as plant genetics , pharmaceuticals , and bioengineering . Although brewing and related businesses remain

420-446: The United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such as tax-free dividends can be claimed. That is, if Company A owns 80% or more of the stock of Company B, Company A will not pay taxes on dividends paid by Company B to its stockholders, as the payment of dividends from B to A is essentially transferring cash within a single enterprise. Any other shareholders of Company B will pay

450-646: The acquisition of 95% outstanding shares in Kyowa Hakko Bio Co. Ltd, from Kyowa Hakko Kirin to expand to wellness and bio-chemical products. On August 6, 2019, Kirin Holdings announced it would take a 33% stake in cosmetics and dietary supplements company Fancl Corp for US$ 1.21 billion. On June 30, 2022, Kirin Holdings announced to sell its 51% stake in Myanmar Brewery Limited, its Myanmar joint venture to its military-linked local partner. Holding company A holding company

480-644: The beer market share in Brazil. The brewery uses the brand names Schin, Glacial, Nobel, Devassa, Baden-Baden, and Foster's , the latter under license from Foster's Brewing International. The cerveja (beer, in Portuguese) Nova Schin Pilsen is Schincariol's main product in the hot Brazilian beer market. Nova Schin has 14% of the Brazilian beer market. They also make Nobel, a premium beer made with hops from Hallertau , Germany, and Glacial,

510-516: The core of Kirin's activities, the company is also involved in several other sectors: hard liquor , wine , soft drinks , and food products. In December 2006, the Kirin Brewery Company of Japan purchased a 25% stake in Hangzhou Qiandaohu Beer Co., Ltd. for US$ 38 million. On 14 July 2009, Kirin announced that it was in negotiations with Suntory on a merger. On 8 February 2010, it was announced that negotiations between

540-431: The firm, having overriding material influence over the held company's operations, even if no formal full takeover has been enacted. Once a full takeover or purchase is enacted, the held company is seen to have ceased to operate as an independent entity but to have become a tending subsidiary of the purchasing company, which, in turn, becomes the parent company of the subsidiary. (A holding below 50% could be sufficient to give

570-458: The first body) is a subsidiary of another body corporate if, and only if: Toronto-based lawyer Michael Finley has stated, "The emerging trend that has seen international plaintiffs permitted to proceed with claims against Canadian parent companies for the allegedly wrongful activity of their foreign subsidiaries means that the corporate veil is no longer a silver bullet to the heart of a plaintiff's case." The parent subsidiary company relationship

600-605: The five largest bank holding companies in the finance sector, as of December 2013 , based on total assets. The Public Utility Holding Company Act of 1935 caused many energy companies to divest their subsidiary businesses. Between 1938 and 1958 the number of holding companies declined from 216 to 18. An energy law passed in 2005 removed the 1935 requirements, and has led to mergers and holding company formation among power marketing and power brokering companies. In US broadcasting , many major media conglomerates have purchased smaller broadcasters outright, but have not changed

630-455: The following requirements are met: A parent company is a company that owns enough voting power in another firm (or subsidiary ) to control management and operations by influencing or electing its board of directors . The definition of a parent company differs from jurisdiction to jurisdiction, with the definition normally being defined by way of laws dealing with companies in that jurisdiction. When an existing company establishes

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660-653: The forerunner of Kirin Brewery, was established in 1885, taking over the assets of the Spring Valley Brewery, first founded in Yokohama in 1869 by Norwegian-American brewer, William Copeland . In a deal brokered by Thomas Blake Glover , Japan Brewery was incorporated in Hong Kong in the name of W. H. Talbot and E. H. Abbott with financial backing provided by a group of Japanese investors including Iwasaki Yanosuke , then-president of Mitsubishi. Japan Brewery first began marketing Kirin Beer in 1888. The Kirin Brewery Company

690-857: The marketing of Kirin's beers both in Japan and under the Japan Brewery and Water Bureau and Ministry of Agriculture, Forestry and Fisheries . Kirin Brewery sells two of the most popular beers in Japan: Kirin Lager , one of the country's oldest beer brands, brewed since 1888; and Ichiban Shibori . Within the happoshu (low-malt) category, Kirin Tanrei is the top seller. Kirin handles domestic distribution for several foreign brands, including Budweiser and Heineken . Kirin's brewery operations also extend overseas, through strategic alliances, subsidiaries, and affiliates, to China, Taiwan, Australia,

720-400: The purchase of Brasil Kirin for 664 million euros. There are 13 Brasil Kirin factories/breweries around Brazil and 10 distribution centers, with the company headquarters situated at the city of Itu , São Paulo state. The company produces about 3.0 billion liters of beer a year, and exports its products to Mercosul , Europe , United States , Asia and Oceania . By 2011, it had 10.4% of

750-507: The remaining shareholders in Brazilian beermaker Schincariol Participacoes e Representacoes, completing its biggest acquisition as it sees growth in emerging markets ($ 1.35 billion was paid for the 49.54 percent stake, giving it control of all outstanding shares). In November 2012, Kirin changed Schincariol's name to Brasil Kirin . In 2013 Kirin joined leading alcohol producers as part of a producers' commitments to reducing harmful drinking. In February 2013, Charoen Sirivadhanabhakdi bought

780-509: The two had been terminated. In early 2010 Kirin's Agribio business was sold to Dutch H2 Equity Partners ; now it's part of Dümmen Orange . In 2010, 23.4 percent of Kirin's sales were made overseas, the highest overseas revenue among all Japanese breweries. In October 2011, the court decided that Kirin could buy a majority stake in family-run Brazilian beer Schincariol . Kirin bought a 50.45 percent stake in 2011, valued at $ 2.6 billion. In November 2011, Kirin Holdings Company agreed to buy out

810-499: The usual taxes on dividends, as they are legitimate and ordinary dividends to these shareholders. Sometimes, a company intended to be a pure holding company identifies itself as such by adding "Holding" or "Holdings" to its name. The parent company–subsidiary company relationship is defined by Part 1.2, Division 6, Section 46 of the Corporations Act 2001 (Cth) , which states: A body corporate (in this section called

840-471: Was established as a separate legal entity in February 1907, purchasing the assets of the Japan Brewery and expanding the business in an era of growing consumer demand. Kirin Brewery built on the traditions of Japan Brewery retaining the use of malted grains and hops imported from Germany and employing German brewers to oversee production. An exclusive partnership with Meidi-ya proved highly successful in

870-587: Was established. In 2007, it became Kirin Holdings Company, a holding company, with Kirin Beer Company, Kirin Beverage Company, and Mercian Corporation as its main subsidiaries. In Japanese, "Kirin" can refer to giraffes, or to Qilin ( 麒麟 ), the mythical hooved Chinese chimerical creatures in East Asian culture . Kirin Brewery is named after the latter. The Japan Brewery Company, Limited,

900-474: Was later sold to Cumulus Media ). In determining caps to prevent excessive concentration of media ownership , all of these are attributed to the parent company, as are leased stations , as a matter of broadcast regulation . In the United States, a personal holding company is defined in section 542 of the Internal Revenue Code . A corporation is a personal holding company if both of

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