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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Sapporo Holdings Limited    2501   JP3320800000

SAPPORO HOLDINGS LIMITED

(2501)
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Sapporo : Filing of Complaint Requesting Cancellation of Assessment Concerning Liquor Tax by Our Consolidated Subsidiary

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04/11/2017 | 01:20am EDT

[Translation]

April 11, 2017

Company Name

Sapporo Holdings Limited

Representative

Masaki Oga

President and Representative Director

Securities code

2501

Listed on

Tokyo Stock Exchange

Sapporo Securities Exchange

Inquiries

Toshihiko Umezato

Corporate Communication Department

Tel: 81-3-5423-7407

Filing of Complaint Requesting Cancellation of Assessment Concerning Liquor Tax by Our Consolidated Subsidiary

Sapporo Breweries Ltd. ("Sapporo Breweries"), a consolidated subsidiary of Sapporo Holdings Ltd. (the "Company"), voluntarily filed amended tax returns, reclassifying the tax rate classification of "Sapporo Goku ZERO ((1) Effervescent alcoholic beverage)" ("Old Goku ZERO") to the basic tax rate for effervescent alcoholic beverages (see Note). Afterwards, since Sapporo Breweries decided afresh that Old Goku ZERO falls within the category of "(1) Effervescent alcoholic beverage", it filed requests for correction to the competent district directors of the tax offices. However, Sapporo Breweries received "assessment notices of no reason to make correction" from each of the competent district directors. Therefore, Sapporo Breweries filed a request for reconsideration as to the said assessment notices with the National Tax Tribunal.

However, Sapporo Breweries received the other day a written decision from the Tokyo Regional National Tax Tribunal that it dismissed Sapporo Breweries' request. Therefore, Sapporo Breweries today (April 11) filed a complaint with the Tokyo District Court requesting cancellation of the said "assessment notices of no reason to make correction".

(Note) As for the detailed background etc. of the voluntary filing of amended tax returns by Sapporo Breweries, please see the Company's press

release dated June 20, 2014 "Notice on Recording an Extraordinary Loss".

[End of document]

Sapporo Holdings Limited published this content on 11 April 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 11 April 2017 05:20:15 UTC.

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Sales 2020 444 B 4 154 M 4 154 M
Net income 2020 -2 166 M -20,2 M -20,2 M
Net Debt 2020 220 B 2 060 M 2 060 M
P/E ratio 2020 -68,9x
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Capitalization 149 B 1 396 M 1 394 M
EV / Sales 2020 0,83x
EV / Sales 2021 0,81x
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Mean consensus UNDERPERFORM
Number of Analysts 6
Average target price 2 033,33 JPY
Last Close Price 1 915,00 JPY
Spread / Highest target 9,66%
Spread / Average Target 6,18%
Spread / Lowest Target -6,01%
EPS Revisions
Managers
NameTitle
Masaki Oga President & Representative Director
Tsutomu Kamijo Chairman
Yasuyuki Ohira Director, General Manager-Research & Development
Shizuka Uzawa Independent Outside Director
Shinichi Soya Managing Director
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