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Sapporo Holdings
(2501)
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Rating:58Neutral
Price Target:
¥2,038.00
▲(5.73% Upside)
Action:Reiterated
Date:08/10/26
The score is driven primarily by improving operating performance and a better leverage trajectory, but is held back by cash flow volatility, weaker cash conversion versus earnings, and noted inconsistencies in TTM bottom-line figures. Technically, the stock shows longer-term support but near-term softness, while valuation is a trade-off between a strong dividend yield and a high P/E.
Positive Factors
Revenue and operating recovery
The renewed top-line growth and stronger operating profitability indicate improved earnings power across the beverage and related businesses. If sustained, this recovery can support reinvestment, brand development, and more resilient profitability over the next several quarters.
Negative Factors
Modest profit margins
Despite improvement from prior years, margins remain relatively modest for absorbing higher raw-material, packaging, distribution, or promotional costs. Limited margin headroom may constrain earnings resilience if pricing power or product mix weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and operating recovery
The renewed top-line growth and stronger operating profitability indicate improved earnings power across the beverage and related businesses. If sustained, this recovery can support reinvestment, brand development, and more resilient profitability over the next several quarters.
Read all positive factors
Sapporo Holdings (2501) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥753.76B
Dividend Yield6.64%
Average Volume (3M)221.69K
Price to Earnings (P/E)2.4
Beta (1Y)0.43
Revenue Growth-5.63%
EPS Growth9049.10%
CountryJP
Employees6,102
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Alcoholic
Share Statistics
EPS (TTM)803.21
Shares Outstanding393,971,500
10 Day Avg. Volume169,330
30 Day Avg. Volume221,690
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)3.00
Price to Sales (P/S)1.30
P/FCF Ratio20.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,687.50Price Target Upside-12.45% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)779.82
Revenue Forecast (FY)¥515.79B
Sapporo Holdings Business Overview & Revenue Model
Company Description
Established in Tokyo, Japan, in 1876, Sapporo Holdings Limited operates as a diversified enterprise with a global presence, focusing on alcoholic beverages, food and soft drinks, restaurant operations, and real estate. The company organizes its bu...
How the Company Makes Money
Sapporo Holdings makes money primarily by selling branded beverages and related products through its operating subsidiaries. The company’s core revenue stream is alcoholic beverages: it earns revenue from the manufacture and sale of beer and other...
Sapporo Holdings Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
58
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 498.10B | 506.86B | 530.78B | 518.63B | 478.42B | 437.16B |
| Gross Profit | 166.17B | 167.05B | 164.92B | 156.84B | 139.24B | 133.78B |
| EBITDA | 44.57B | 49.60B | 37.46B | 36.11B | 34.49B | 45.48B |
| Net Income | 313.16B | 19.50B | 7.71B | 8.72B | 5.45B | 12.33B |
Balance Sheet | ||||||
| Total Assets | 870.53B | 653.69B | 664.96B | 663.57B | 639.12B | 594.55B |
| Cash, Cash Equivalents and Short-Term Investments | 77.08B | 22.36B | 24.14B | 17.20B | 15.38B | 17.37B |
| Total Debt | 148.19B | 198.54B | 236.58B | 245.62B | 263.20B | 220.07B |
| Total Liabilities | 356.28B | 433.57B | 467.81B | 480.32B | 471.92B | 431.22B |
| Stockholders Equity | 512.94B | 218.86B | 196.03B | 182.31B | 166.31B | 162.57B |
Cash Flow | ||||||
| Free Cash Flow | 24.61B | 32.65B | 18.44B | 28.98B | -226.00M | 18.33B |
| Operating Cash Flow | 37.52B | 44.59B | 36.11B | 45.45B | 7.81B | 30.31B |
| Investing Cash Flow | 114.20B | -2.97B | -5.84B | -16.44B | -46.14B | 20.73B |
| Financing Cash Flow | -94.95B | -42.27B | -25.37B | -27.14B | 36.47B | -53.08B |
Sapporo Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥1.42T | 15.72 | 6.92% | 2.54% | 7.30% | 1.73% | |
76 Outperform | ¥2.50T | 12.66 | 12.28% | 2.58% | 5.72% | 266.01% | |
67 Neutral | ¥2.57T | 15.26 | 4.41% | 3.16% | 2.71% | -4.91% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
58 Neutral | ¥753.76B | 2.40 | 10.95% | 6.41% | -5.63% | 9049.10% | |
49 Neutral | ¥638.70B | 33.60 | -11.96% | 1.52% | -0.01% | ― | |
48 Neutral | ¥426.05B | 35.92 | ― | 1.92% | 8.72% | -27.14% |
* Consumer Defensive Sector Average
JP:2501
Sapporo Holdings
1,927.50
485.42
33.66%
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Sapporo Holdings Corporate Events
Sapporo Breweries Expands Shareholder Benefits After Stock Split
Aug 7, 2026
Sapporo Breweries has announced an expansion of its shareholder benefit plan following a 5-for-1 stock split of its common shares effective January 1, 2026, aligning eligibility thresholds with the new share structure. The revisions, applicable fr...
Sapporo Breweries Sharply Enhances Shareholder Return Policy Under New Medium‑Term Plan
Aug 7, 2026
Sapporo Breweries Limited, a major Japanese beer producer and subsidiary of Sapporo Holdings, is listed on the Tokyo Stock Exchange Prime Market and the Sapporo Securities Exchange. The company has increasingly prioritized capital market engagemen...
Sapporo Breweries Unveils 2027–2030 Plan to Lead Japan Premium Beer and Accelerate Global Growth
Aug 7, 2026
Sapporo Breweries has unveiled a four-year Medium-Term Management Plan for 2027–2030, following the early achievement of its 2026 ROE target under the previous plan and a solid performance in core beer brands. The new strategy is anchored in...
Sapporo Breweries Posts Strong Interim Profit on Real Estate Exit and Balance-Sheet Gain
Aug 7, 2026
Sapporo Breweries reported revenue of ¥235.9 billion for the six months to June 30, 2026, essentially flat year on year, while core operating profit rose 37.2% to ¥6.8 billion, underscoring improved underlying profitability. The company ...
Sapporo Breweries Strikes USD 643m Joint Venture with Carlsberg to Drive Asian Growth
Jul 6, 2026
Sapporo Breweries has agreed a major strategic partnership with Carlsberg Group to accelerate the growth of Sapporo Premium Beer across Southeast Asia, Hong Kong and the UK. The deal centres on a new Singapore-based joint venture, into which Carls...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.