Sapporo Holdings LimitedTSE: 2501

1Q Financial Results Presentation Material

May 13, 2025 at 6:17 AM UTC · MarketScreener

Sapporo Group Business Results Presentation for the Three Months Ended March 31, 2025

*In this document, the name abbreviations are used:

SH: Sapporo Holdings Limited SB: Sapporo Breweries Ltd. SLN: Sapporo Lion Limited. PS: Pokka Sapporo Food & Beverage Ltd. SRE: Sapporo Real Estate Co., Ltd.

SPB：SAPPORO PREMIUM BEER YGP：Yebisu Garden Place

May 13, 2025

URL https://www.sapporoholdings.jp/en/

Contents

Summary ・・・ P.3~P.6
Financial results ・・・ P.7~P.17
Appendix ・・・ P.18~P.30
Copyright, 2025 SAPPORO HOLDINGS LTD. All rights reserved. 2/30
1. ‌Summary

(billions of yen)	2024Q1 Result	2025Q1 Result
(billions of yen)	2024Q1 Result	2025Q1 Result	YoY
Revenue	112.8	118.7	+5.9 +5.2%
Core operating profit (Revenue - Cost of sales - SG&A expenses)	(3.8)	(0.9)	+2.9 -
Operating profit	(1.9)	(2.2)	(0.3) -
Profit attributable to owners of parent	(2.0)	(4.2)	(2.2) -

Summary

Revenue and core operating profit both increased. Net profit declined but remained in line with the plan.

Revenue and core operating profit increased, mainly driven by the alcoholic beverages (Japan) and real estate businesses.
Operating profit declined overall, despite profit-boosting factors such as the sale of the Nasu brewery, mainly due to the impairment loss recorded following the signing of the share transfer agreement for Shinsyu-ichi Miso Co., Ltd. and the absence of gains from the land sale recorded in the previous year.
Net profit declined significantly due to the negative impact of financial income and expenses caused by the stronger yen.

Main topics

In alcoholic beverages (Japan), sales and profits increased, mainly in beer and RTDs, supported by last-minute demand ahead of price revisions. Our performance outpaced the overall market.
In alcoholic beverages (overseas), revenue declined due to a drop in overall demand, mainly in Canada and the

U.S. The key challenge of structural reforms in the U.S. are progressing steadily.

We are advancing discussions to flesh out the details of our Group Medium- to Long-Term Growth Strategy, announced in February 2025. Progress is outlined on the next page.

Progress Toward Implementing the Group's Medium- to Long-Term Growth Strategy

Sapporo Group's Medium- to Long-Term Growth Strategy

* As announced on February 14, 2025

To realize the formulated medium- to long-term vision, we will focus management resources on the alcoholic beverages business based on five strategic pillars, aiming to enhance capital efficiency.

Formulating a Management Plan Toward 2030
- This year marks the third year of the Medium-Term Management Plan launched in 2023 (through 2026). Marketing investments in the domestic alcohol business are steadily yielding results, and based on the current situation, we will examine how best to allocate capital-including growth investments and shareholder returns-in alignment with the goals set forth in the medium- to long-term strategy.
- Going forward, we plan to launch an internal project team to formulate specific strategies aimed at achieving medium-

to long-term growth, including in our overseas business.