Sapporo Holdings Limited announced consolidated earnings results for the six months ended June 30, 2018. For the period, the company reported revenue was JPY 241.7 billion compared to JPY 250.7 billion a year ago. Operating loss was JPY 3.0 billion compared to operating profit of JPY 1.2 billion a year ago. Loss before tax of JPY 3.6 billion compared to profit before tax of JPY 0.7 billion a year ago. Loss attributable to owners of parent was JPY 2.5 billion compared to JPY 0.2 billion a year ago. EBITDA was JPY 10.6 billion compared to JPY 15.0 billion a year ago. Capital expenditure was JPY 9.9 billion compared to JPY 8.8 billion a year ago. Cash flow from operating activities was JPY 11.1 million compared to JPY 18.2 million a year ago. Free cash outflows were JPY 0.4 billion compared to free cash inflows of JPY 12.2 billion a year ago.

For the year ending December 31, 2018, the company forecasts revenue of JPY 537.8 billion, operating profit of JPY 16.1 billion, profit before tax of JPY 15.1 billion, profit attributable to owners of parent of JPY 9.2 billion, EBITDA of JPY 43.0 billion, depreciation and amortization of JPY 24.4 billion, capital expenditure of JPY 31.8 billion, EPS of JPY 118.11, ROE of 5.2%, and cash flow from operating activities of JPY 35.4 million.