TOKYO -- Kirin Holdings is rapidly reducing its interest-bearing debt, hoping to lay the groundwork for future growth investments as profitability improves.
Initially, the beverage giant planned to cut 135 billion yen ($1.22 billion) of its debt over the three years ending December 2018. It is now seeks to push the reduction to 220 billion yen by this December, President Yoshinori Isozaki told The Nikkei.