Back to Articles
25012026 Q1PrimeIFRS

SAPPORO BREWERIES (2501) FY2026 Q1 Earnings Report

For FY2026 Q1, revenue came to ¥109.0B (-4.3% year on year) and operating loss ¥2.1B. The segment drivers and cash flow follow.

Foods/Foods


Financial Highlights

  • Net Sales: ¥108.98B
  • Operating Income: ¥-2.11B
  • Net Income: ¥-855M
  • EPS: ¥-2.25

Income Statement

ItemCurrentPriorYoY %
Net Sales¥108.98B¥113.91B−4.3%
Cost of Sales¥73.76B¥79.49B−7.2%
Gross Profit¥35.22B¥34.42B+2.3%
SG&A Expenses¥34.63B¥35.42B−2.2%
Operating Income−¥2.11B−¥2.33B+9.6%
Equity Method Investment Income−¥0¥4M−100.0%
Profit Before Tax−¥2.07B−¥3.90B+46.9%
Income Tax Expense−¥842M¥227M−470.9%
Net Income−¥855M−¥4.21B+79.7%
Net Income Attributable to Owners−¥878M−¥4.22B+79.2%
Total Comprehensive Income¥3.04B−¥7.84B+138.7%
Basic EPS−¥2.25−¥10.84+79.2%
Diluted EPS−¥2.25−¥10.84+79.2%

Balance Sheet

ItemCurrent EndPrior EndChange
Current Assets¥331.32B¥340.46B−¥9.14B
Accounts Receivable¥68.69B¥94.52B−¥25.84B
Inventories¥48.54B¥45.69B+¥2.85B
Non-current Assets¥306.65B¥313.23B−¥6.58B
Property, Plant & Equipment¥142.42B¥144.97B−¥2.55B
Intangible Assets¥6.66B¥5.82B+¥835M
Goodwill¥22.51B¥22.51B−¥1M
Total Assets¥637.97B¥653.69B−¥15.72B
Accounts Payable¥33.17B¥36.42B−¥3.25B
Non-current Liabilities¥215.87B¥215.81B+¥51M
Total Liabilities¥421.73B¥433.57B−¥11.84B
Total Equity¥216.23B¥220.12B−¥3.88B
Capital Stock¥53.89B¥53.89B¥0
Capital Surplus¥41.01B¥40.90B+¥105M
Retained Earnings¥79.07B¥85.69B−¥6.62B
Treasury Stock−¥1.63B−¥1.63B−¥1M
Shareholders' Equity¥214.92B¥218.86B−¥3.94B
Equity Ratio33.7%33.5%+0.2%

Cash Flow Statement

ItemCurrentPriorChange
Operating Cash Flow−¥1.88B¥5.27B−¥7.15B
Investing Cash Flow−¥976M−¥3.34B+¥2.36B
Financing Cash Flow¥4.80B−¥2.36B+¥7.16B
Cash and Cash Equivalents¥21.29B¥22.36B−¥1.07B
Free Cash Flow−¥2.85B--

Profitability Ratios

ItemValue
Net Profit Margin−0.8%
Gross Profit Margin32.3%
Debt-to-Equity Ratio1.95x
Effective Tax Rate40.7%

Year-over-Year Comparison

ItemYoY Change
Net Sales YoY Change−4.3%

Share Information

ItemValue
Shares Outstanding (incl. Treasury)393.97M shares
Treasury Stock4.13M shares
Average Shares Outstanding389.84M shares
Book Value Per Share¥554.67

Segment Information

SegmentRevenueOperating Income
Domestic¥80.51B¥783M
Overseas¥28.47B−¥404M

Full Year Forecast

ItemForecast
Net Sales Forecast¥505.00B
Operating Income Forecast¥6.00B
Net Income Forecast¥296.04B
Net Income Attributable to Owners Forecast¥296.00B
Basic EPS Forecast¥759.28
Dividend Per Share Forecast¥40.00