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Sapporo Holdings
(2501)
Sapporo Holdings (2501) vs. iShares MSCI Japan ETF (EWJ)
Sapporo Holdings Business Overview & Revenue Model
Sapporo Holdings Financial Statement Overview
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 506.86B | 530.78B | 518.63B | 478.42B | 437.16B |
| Gross Profit | 167.05B | 164.92B | 156.84B | 139.24B | 133.78B |
| EBITDA | 47.78B | 37.48B | 36.22B | 34.38B | 45.43B |
| Net Income | 19.50B | 7.71B | 8.72B | 5.45B | 12.33B |
Balance Sheet | |||||
| Total Assets | 653.69B | 664.96B | 663.57B | 639.12B | 594.55B |
| Cash, Cash Equivalents and Short-Term Investments | 22.36B | 24.14B | 21.60B | 23.83B | 21.35B |
| Total Debt | 222.94B | 236.58B | 245.62B | 263.20B | 220.07B |
| Total Liabilities | 433.57B | 467.81B | 480.32B | 471.92B | 431.22B |
| Stockholders Equity | 218.86B | 196.03B | 182.31B | 166.31B | 162.57B |
Cash Flow | |||||
| Free Cash Flow | 32.65B | 18.44B | 27.02B | -1.81B | 17.12B |
| Operating Cash Flow | 44.59B | 36.11B | 45.45B | 7.81B | 30.31B |
| Investing Cash Flow | -2.97B | -5.84B | -16.44B | -46.14B | 20.73B |
| Financing Cash Flow | -42.27B | -25.37B | -27.14B | 36.47B | -53.08B |
Sapporo Holdings Technical Analysis
Sapporo Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥2.20T | 14.86 | 6.93% | 3.05% | 4.75% | -24.33% | |
70 Outperform | ¥1.52T | 17.12 | 6.97% | 2.42% | 1.26% | -13.39% | |
63 Neutral | ¥697.71B | 35.48 | 3.63% | 0.67% | 0.25% | -58.68% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥317.88B | 22.95 | ― | 1.92% | 5.66% | -25.08% | |
60 Neutral | ¥2.58T | 14.71 | 6.47% | 3.23% | 0.86% | 0.55% | |
60 Neutral | ¥687.22B | -14.22 | -12.00% | 1.77% | 2.07% | -751.72% |
Sapporo Holdings Corporate Events
Sapporo Holdings has resolved to partially revise its Board Benefit Trust, a stock-based compensation scheme for directors and senior officers, ahead of a shareholder vote at its March 27, 2026 general meeting. The plan, which links executive pay to share performance to align management with shareholders, will be updated to reflect the company’s shift to a pure holding company structure and the recent 1-for-5 stock split.
Under the revision, eligible participants will be redefined to include directors (excluding audit and supervisory committee members), delegated managing officers, and certain subsidiary directors, while outside directors remain excluded. The company will abolish the cap on cash contributions to the trust and instead focus on a revised maximum number of points, maintaining the plan’s role as a medium- to long-term incentive tied to business performance and corporate value.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen1726.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.
Sapporo Holdings will introduce an interim dividend starting in the fiscal year ending December 31, 2026, shifting from its previous practice of paying dividends only at year-end. The move is intended to enhance profit-return opportunities for shareholders, with the record date for the new interim payout set for June 30 each year.
For the 2026 fiscal year, the company forecasts a total annual dividend of ¥40 per share on a post-split basis, split evenly between interim and year-end payments. This compares with a ¥90 year-end-only dividend for 2025, and follows a five-for-one stock split implemented on January 1, 2026, underscoring a shareholder-friendly capital policy that may improve the stock’s appeal and liquidity.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen1726.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.
Sapporo Holdings will overhaul its reporting structure from the 2026 fiscal year as it shifts to a business holding company model and reorients management around domestic and overseas operations. The move aligns with its strategy to focus on its competitive alcoholic beverages business and to strengthen global market-creation capabilities in beer and related consumer experiences.
The new reportable segments will be “Domestic Business,” covering Japan alcoholic beverages, restaurants, and food and beverages, and “Overseas Business,” including overseas alcoholic beverages and beverages operations. The company has also reclassified its real estate arm as a discontinued operation and will fold Sapporo Breweries’ APAC and Europe export business into the Overseas Business segment, with disclosures under the new structure starting from first-quarter 2026 results.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen1726.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.
Sapporo Holdings reported consolidated revenue of ¥506.9 billion for the year ended December 31, 2025, a slight 1.1% decline from the previous year, but delivered a sharp profit rebound as core operating profit rose 48.6% to ¥25.0 billion and operating profit surged more than fourfold. Net profit attributable to owners of the parent jumped 152.8% to ¥19.5 billion, boosting return on equity to 9.4% and lifting basic earnings per share to ¥50.02, reflecting improved profitability in continuing operations after reclassifying its Real Estate business as discontinued operations.
The company’s operating profit margin expanded to 4.8% from 1.1%, while core operating profit margin increased to 4.9% from 3.3%, underscoring stronger cost control and operational efficiency despite modest top-line pressure. Management also noted that the figures for revenue and profit indicators have been restated to exclude the Real Estate business for both the current and prior fiscal years, clarifying performance in the core beverage-focused portfolio ahead of the upcoming annual general meeting and dividend commencement in March 2026.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen1726.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.
Sapporo Holdings has approved an absorption-type merger of its wholly owned subsidiary Sapporo Breweries Limited into the parent company, effective July 1, 2026, as part of a shift from a pure holding company to a business holding company structure. In parallel, the board will propose a change of the company’s trade name and partial amendments to its Articles of Incorporation at the March 2026 shareholders’ meeting, aiming to better align the corporate structure with its strategic focus. The move is intended to concentrate management resources on its domestic and overseas alcoholic beverages businesses as core operations, improve management efficiency and governance, and accelerate decision-making in response to rapidly changing market conditions in and outside Japan. By integrating the key brewing business directly under the holding company and investing continuously in human capital, Sapporo seeks to enhance profitability, raise productivity, and strengthen its global growth capabilities ahead of its 150th anniversary in 2026.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen8702.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.
Sapporo Holdings has revised its dividend policy, shifting from a target consolidated dividend payout ratio of 30% or more to a dividend-on-equity (DOE) approach, aiming for DOE of 3% or more as a benchmark and 4% or more by 2030. The company says the new metric is intended to deliver more stable and sustainable shareholder returns while improving capital efficiency and aligning management more closely with the cost of equity, supported in part by reinvesting external capital raised in its real estate business into growth, balance-sheet strengthening and higher shareholder returns; the new policy will take effect from the year-end dividend for the fiscal year ending December 31, 2025, with the current forecast of a ¥90 year-end dividend per share left unchanged.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen8702.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.
Sapporo Holdings has revised its full-year 2025 consolidated earnings forecast following the decision to bring in external capital to its wholly owned subsidiary Sapporo Real Estate and to classify the Real Estate business as a discontinued operation under IFRS 5. As a result, forecast revenue has been cut from ¥523.0 billion to ¥501.8 billion and core operating profit from ¥29.5 billion to ¥22.5 billion, with operating profit lowered to ¥21.1 billion, reflecting the removal of the real estate segment from continuing operations. Despite these downward revisions, net profit, profit attributable to owners of the parent and basic earnings per share remain unchanged at ¥16.5 billion and ¥211.62, respectively, and the company says the impact of the transaction on this year’s consolidated earnings will be minimal. Sapporo will maintain its dividend forecast of ¥90 per share for 2025 and will change its reportable segments from the current fiscal year to reflect the reclassification of the real estate business, signaling a clearer focus on its core beverage and food operations while using external capital to reshape its non-core assets.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen8702.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.
Sapporo Holdings has agreed to bring in external capital to its wholly owned real estate subsidiary, Sapporo Real Estate (SRE), through an investment by SPARK LLC, a vehicle backed by PAG and KKR, in a transaction valuing SRE at an enterprise value of ¥477 billion including debt. Upon the first closing, scheduled for June 1, 2026, SRE will be deconsolidated from Sapporo’s financial statements, allowing the group to move the real estate business off its balance sheet and redeploy capital toward its higher‑margin alcoholic beverages operations and broader growth strategy. The move follows a competitive process in which Sapporo explored multiple options for monetizing its property assets and received detailed proposals from 11 interested parties, ultimately selecting the PAG‑KKR consortium for its valuation and support plan. Post‑transaction, SPARK is expected to reinforce SRE’s business foundation, development and sales activities while preserving management autonomy, enabling continued community‑building in Ebisu and Sapporo and long‑term value enhancement of its properties, as Sapporo Holdings itself focuses on strengthening brand experiences and communication to lift group‑wide corporate value over the medium to long term.
The most recent analyst rating on (JP:2501) stock is a Hold with a Yen8702.00 price target. To see the full list of analyst forecasts on Sapporo Holdings stock, see the JP:2501 Stock Forecast page.