Sapporo Holdings Limited reported consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's net sales were JPY 111.3 billion compared to JPY 114.6 billion a year ago. Operating loss was JPY 5.5 billion compared to JPY 3.7 billion a year ago. Loss before income taxes was JPY 6.1 billion compared to JPY 4.2 billion a year ago. Loss attributable to owners of the parent was JPY 4.3 billion compared to JPY 3.4 billion a year ago. EBITDA was JPY 2.1 billion compared to JPY 4.0 billion a year ago.

For the year 2018, the company expects net sales of JPY 555.8 billion, operating income of JPY 18.7 billion, and profit attributable to owners of parent of JPY 11.1 billion. The company expects EBITDA of JPY 45.6 billion and capital expenditures of JPY 31.8 billion. The company expects profit before income taxes of JPY 17.7 billion. The company expects ROE of 6.3%. The company expects depreciation and amortization of JPY 24.4 billion. EPS to be JPY 142.50. Cash flow from operating activities to be JPY 37.5 billion and investing activities to be negative JPY 35.8 billion. Free cash flow to be JPY 1.7 billion.