Sapporo Holdings Revises 2024 Earnings Forecast Amid Impairment Loss

Sapporo Holdings ( (JP:2501) ) has shared an update.

Sapporo Holdings has revised its full-year earnings forecast for 2024, reflecting an increase in revenue and core operating profit due to stronger sales in its Domestic Alcoholic Beverages and Real Estate sectors. However, the company anticipates lower operating and net profits due to a substantial impairment loss recorded for its subsidiary, Stone Brewing Co., LLC, driven by the declining craft beer market and increased costs.

More about Sapporo Holdings

Sapporo Holdings Limited is a company listed on the Tokyo Stock Exchange and Sapporo Securities Exchange, primarily engaged in the production and sale of alcoholic beverages, particularly in the domestic market. The company also has a significant presence in the real estate business.

YTD Price Performance: -11.71%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $3.61B

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