Sapporo Holdings Limited
Notice Regarding Revision of Full-Year Earnings Guidance and Change in Reporting Segments
Due to the introduction of external capital into the real estate business, the consolidated earnings guidance for the fiscal year ending December 2025 has been revised. Revenue, segment income, and operating income are expected to decrease, while net income and net income attributable to owners of the parent remain unchanged.
Key Figures
- Revenue Forecast: 501,800 million yen (Down 21,200 million yen, Down 4.1% from previous forecast)
- Operating Income Forecast: 21,100 million yen (Down 6,700 million yen, Down 24.1% from previous forecast)
- Net Income Attributable to Owners of Parent Forecast: 16,500 million yen (No change from previous forecast)
- Reason for Revision: Decrease in revenue and income due to classification of the real estate business as a discontinued operation
- Foreign Exchange Assumptions: Unknown
AI要約
Details of Earnings Guidance Revision
In the consolidated full-year earnings guidance for the fiscal year ending December 2025, revenue has been revised downward by 21,200 million yen (4.1%) from the previously announced 523,000 million yen to 501,800 million yen. Segment income has decreased by 7,000 million yen (23.7%) from 29,500 million yen to 22,500 million yen, and operating income has fallen by 6,700 million yen (24.1%) from 27,800 million yen to 21,100 million yen. Meanwhile, net income and net income attributable to owners of the parent remain unchanged at 16,500 million yen. The main cause of this revision is the reclassification of the real estate business as a discontinued operation starting in the fourth quarter of 2025. Revenue, segment income, and operating income figures reflect continuing operations, while net income figures include the sum of continuing and discontinued operations. There is no mention of changes in foreign exchange assumptions.
Background and Factors for the Revision
This revision is based on a series of transactions involving the introduction of external capital into Sapporo Real Estate Development Co., Ltd., resulting in the classification of the real estate business as a discontinued operation in accordance with IFRS 5. Consequently, revenue and income from the real estate business have been excluded from continuing operations, and some assets have been transferred to the alcoholic beverages business. The decline in revenue and income is attributed to this reclassification, with minimal impact on net income and net income attributable to owners of the parent. The dividend forecast remains unchanged at 90 yen per share.
Outlook and Strategy Going Forward
Although the earnings guidance for the fiscal year ending December 2025 has been revised due to the real estate business being classified as a discontinued operation, net income attributable to owners of the parent and ROE remain unchanged. Going forward, the company will transfer some assets of the real estate business to the alcoholic beverages business and promote strategies to strengthen brand experience and enhance value. A separate disclosure addresses changes to dividend policy, with a continued commitment to stable dividends.
