Sapporo Holdings Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Feb '26 Feb 13, 2026	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
Market Capitalization	686,123	657,281	648,162	484,377	255,505	170,052
Market Cap Growth	27.41%	1.41%	33.81%	89.58%	50.25%	9.64%
Enterprise Value	863,564	850,525	871,018	714,534	490,268	378,454
Last Close Price	1760.00	1686.00	1645.50	1222.39	639.90	420.65
PE Ratio	45.60	33.71	84.02	55.52	46.88	13.79
Forward PE	3.44	46.98	50.98	45.57	32.88	20.67
PS Ratio	1.35	1.30	1.22	0.93	0.53	0.39
PB Ratio	3.12	2.99	3.29	2.64	1.53	1.04
P/TBV Ratio	3.60	3.45	3.87	3.46	2.07	1.25
P/FCF Ratio	21.01	20.13	35.15	16.71	-	9.28
P/OCF Ratio	15.39	14.74	17.95	10.66	32.70	5.61
PEG Ratio	-	1.29	1.29	1.29	1.29	1.29
EV/Sales Ratio	1.70	1.68	1.64	1.38	1.02	0.87
EV/EBITDA Ratio	18.29	18.02	19.30	19.60	16.21	13.54
EV/EBIT Ratio	35.32	34.81	38.70	46.14	54.39	71.39
EV/FCF Ratio	26.45	26.05	47.24	24.66	-	20.65
Debt / Equity Ratio	0.90	0.90	1.20	1.34	1.57	1.35
Debt / EBITDA Ratio	4.21	4.21	5.24	6.74	8.70	7.87
Debt / FCF Ratio	6.08	6.08	12.83	8.48	-	12.01
Net Debt / Equity Ratio	0.80	0.80	1.08	1.25	1.48	1.24
Net Debt / EBITDA Ratio	3.73	3.73	4.71	6.27	8.19	7.25
Net Debt / FCF Ratio	5.40	5.40	11.52	7.88	-1096.54	11.06
Asset Turnover	0.77	0.77	0.80	0.80	0.78	0.72
Inventory Turnover	6.55	6.55	6.92	7.61	7.82	8.07
Quick Ratio	0.54	0.54	0.60	0.60	0.51	0.53
Current Ratio	1.56	1.56	0.94	0.92	0.82	0.82
Return on Equity (ROE)	-	-	4.09%	5.00%	3.34%	7.85%
Return on Assets (ROA)	-	-	2.12%	1.49%	0.91%	0.55%
Return on Invested Capital (ROIC)	4.08%	4.03%	3.68%	2.70%	1.12%	0.80%
Return on Capital Employed (ROCE)	5.60%	5.60%	4.90%	3.30%	2.10%	1.40%
Earnings Yield	2.84%	2.97%	1.19%	1.80%	2.13%	7.25%
FCF Yield	4.76%	4.97%	2.84%	5.98%	-0.09%	10.78%
Dividend Yield	2.13%	1.07%	0.63%	0.77%	1.31%	2.00%
Payout Ratio	20.80%	20.80%	47.54%	37.56%	60.13%	26.57%
Buyback Yield / Dilution	-0.05%	-0.05%	-0.05%	-0.03%	1.59%	-1.64%
Total Shareholder Return	2.08%	1.02%	0.59%	0.74%	2.91%	0.36%

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