Sapporo Holdings Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	506,861	530,783	518,632	478,422	437,159
Revenue Growth (YoY)	-4.51%	2.34%	8.40%	9.44%	0.56%
Cost of Revenue	339,815	365,865	361,793	339,180	303,380
Gross Profit	167,046	164,918	156,839	139,242	133,779
Selling, General & Admin	142,038	142,881	141,206	129,931	125,637
Other Operating Expenses	571	-472	147	297	2,841
Operating Expenses	142,609	142,409	141,353	130,228	128,478
Operating Income	24,437	22,509	15,486	9,014	5,301
Interest Expense	-4,128	-3,258	-2,997	-1,886	-1,634
Interest & Investment Income	2,379	1,174	1,193	1,056	844
Earnings From Equity Investments	15	76	69	108	47
Currency Exchange Gain (Loss)	-	1,550	-110	980	448
Other Non Operating Income (Expenses)	2	24	175	1,779	4,566
EBT Excluding Unusual Items	22,705	22,075	13,816	11,051	9,572
Merger & Restructuring Charges	-	-	-	-58	-1,923
Gain (Loss) on Sale of Investments	-	1,594	1,993	951	-663
Gain (Loss) on Sale of Assets	-	1,267	3,667	749	21,732
Asset Writedown	-	-13,360	-7,333	-1,326	-7,533
Pretax Income	22,705	11,576	12,143	11,367	21,185
Income Tax Expense	7,612	3,805	3,386	5,852	8,910
Earnings From Continuing Operations	15,093	7,771	8,757	5,515	12,275
Earnings From Discontinued Operations	4,444	-	-	-	-
Net Income to Company	19,537	7,771	8,757	5,515	12,275
Minority Interest in Earnings	-39	-57	-33	-65	56
Net Income	19,498	7,714	8,724	5,450	12,331
Net Income to Common	19,498	7,714	8,724	5,450	12,331
Net Income Growth	152.76%	-11.58%	60.07%	-55.80%	-
Shares Outstanding (Basic)	390	390	389	389	389
Shares Outstanding (Diluted)	390	390	390	390	396
Shares Change (YoY)	0.05%	0.05%	0.03%	-1.59%	1.64%
EPS (Basic)	50.02	19.80	22.40	13.99	31.66
EPS (Diluted)	49.99	19.79	22.39	13.99	31.16
EPS Growth	152.65%	-11.62%	60.04%	-55.11%	-
Free Cash Flow	32,651	18,438	28,980	-226	18,326
Free Cash Flow Per Share	83.72	47.30	74.37	-0.58	46.29
Dividend Per Share	18.000	10.400	9.400	8.400	8.400
Dividend Growth	73.08%	10.64%	11.91%	-	-
Gross Margin	32.96%	31.07%	30.24%	29.10%	30.60%
Operating Margin	4.82%	4.24%	2.99%	1.88%	1.21%
Profit Margin	3.85%	1.45%	1.68%	1.14%	2.82%
Free Cash Flow Margin	6.44%	3.47%	5.59%	-0.05%	4.19%
EBITDA	47,205	45,131	36,457	30,248	27,961
EBITDA Margin	9.31%	8.50%	7.03%	6.32%	6.40%
D&A For EBITDA	22,768	22,622	20,971	21,234	22,660
EBIT	24,437	22,509	15,486	9,014	5,301
EBIT Margin	4.82%	4.24%	2.99%	1.88%	1.21%
Effective Tax Rate	33.53%	32.87%	27.88%	51.48%	42.06%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.