SAPPORO HOLDINGS LIMITED Sapporo Group Business Results Presentation
for the Six Months Ended June 30, 2022
*In this document, the following company name abbreviations are used: | August 12th 2022 |
SH: Sapporo Holdings Limited SB: Sapporo Breweries Ltd. SLN: Sapporo Lion Limited. | URL https://www.sapporoholdings.jp/en/ |
PS: Pokka Sapporo Food & Beverage Ltd. SRE: Sapporo Real Estate Co., Ltd. |
Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.
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１． Summary
２． Business Results
３． Appendix
・・・P3~P8
・・・P9~P21
・・・P22~P40
Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.
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Summary
Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.
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Financial Summary
Business Results for 2022 Q2
Revenue: 213.8 billion yen (up 14.1 billion yen YoY)
In addition to the growth in overseas alcoholic beverages mainly in North America, demand in the restaurant market recovered on relaxation of restrictions and increase in RTD also contributed to the increased revenue.
Core operating profit: (2.2) billion yen (up 1.3 billion yen YoY)
Despite the impact of rising input costs, core operating profit showed improvement thanks to revenue increase and cost structure reforms in the restaurant business and in food and soft drinks.
* Although sales revenue has not progressed as planned in the Q1 due to the spread of COVID-19, core operating profit progressed largely as planned.
Operating profit: (0.2) billion yen (down 19.3 billion yen YoY)
Due to the sale of real estate last year, real estate business revenue was down from the previous quarter year (Gain on sales of non-current assets came to 23.2 billion yen in 2021, 1.5 billion yen in 2022)
Annual revenue forecast: remain as planned at the start
Revenue | : Slight shortfall in the first half. The spread of COVID-19 may be a downside risk, but we expect to achieve the initial plan as price |
revisions for some products could bring increased revenue and revenue in the overseas business is likely to rise | |
(including acquisition of Stone Brewing Co., LLC, depreciation of Japanese yen). |
Core operating profit : Progressed as planned in the first half. Although we need to address the rising input costs, price revisions and cost control
(and risk response costs) should offset the situation, so we expect to achieve our plan at this stage.
Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.
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Progress of the Growth Strategy
Alcoholic Beverages
Japan alcoholic beverages
Continue to increase canned beer sales
Beer sales increased by 11% in total
Canned beer decreased by 4% due to drop in consumer spending (decrease from previous high demand for home-drinking)
Japan alcoholic beverages
Achieve growth in RTD,
non-alcoholic and low-alcoholic products
RTD achieved growth by 2% (sales volume)
Koime no Lemon Sour gained 40% increase (sales volume)
Good sales record for the new product Mitsuboshi Grape Fruit Sour Non-alcohol and low-alcoholic beer increased 20% (sales volume)
Overseas alcoholic beverages
Canada: Promote premium beers
and strengthen RTD business
Compared to the previous fiscal year, promotion for the premium beers has increased and more growth in RTD business
Overseas alcoholic beverages
United States: Strengthening SAPPORO brand
Driving sales of SAPPORO brand significantly higher year-over-year
(recovery of commercial-use products and expansion of retail stores for home-use products)
Secured manufacturing facilities through acquisition of
Stone Brewing Co. LLC to promptly generate synergy
Food & Soft Drinks
Japan
Expansion of sales for all lemon-based products
(lemon beverages + lemon food)
Strong sales of lemon beverages led to 1% increase
(sales volume) from the previous fiscal year
Overseas
Accelerated growth in overseas business
Contribution made by sales in Singapore and more than 60 nations worldwide Increase by 5 % in Singapore, 36% growth for export (sales amount)
Real Estate
Promote initiatives aimed
at improving value of YGP* properties
"Foodies Garden" opened in April
YGP commercial complex* is being renovated for grand opening in fall
Grow profits of new businesses
using equity investments, etc.
One equity investment (Q1), two equity investments (Q2)
*YGP: Yebisu Garden Place, commercial complex: center plaza
Copyright, 2022 SAPPORO HOLDINGS LTD. All rights reserved.
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Sapporo Holdings Limited published this content on 23 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 August 2022 03:15:03 UTC.
