Sapporo Holdings ( (SOOBF) ) has released its Q3 earnings. Here is a breakdown of the information Sapporo Holdings presented to its investors.
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Sapporo Holdings Limited is a diversified company primarily operating in the alcoholic beverages, food and soft drinks, and real estate sectors, renowned for its iconic Sapporo Beer brand. In the first nine months of 2024, the company reported a 2.1% increase in consolidated revenue to ¥385.6 billion, driven by strong beer sales in Japan and the US, though core operating profit slightly decreased by 2.9% due to challenges in the food and soft drinks segment. Operating profit surged by 84.6% to ¥17.7 billion, and profit attributable to owners of the parent skyrocketed by 276.2% to ¥11.5 billion, as the company benefited from structural reforms and the absence of last year’s impairment losses. The alcoholic beverages sector saw revenue growth due to favorable conditions in the beer market, while the real estate segment also contributed positively with a 10.5% increase in revenue. Looking ahead, Sapporo Holdings remains focused on its medium-term management plan, aiming for continued growth in profitability despite global economic uncertainties.
