Mid-term financial results of four major beer makers slumped due to the effect of the new corona 19:30 on August 7
4 major beer maker's financial results for half a year until June this year due to the spread of new coronavirus infection and the decline in beer sales for restaurants, etc. Earnings in the red and 3 companies fell significantly.
According to the mid-term results until June, announced by four major beer makers, the profit and loss showing the profit of the main business was Sapporo Holdings' deficit of 5 billion yen, and Asahi Group Holdings last year. Compared to the same period, 41% decreased to 52.6 billion yen, Kirin Holdings decreased 23% to 69.8 billion yen, and Suntory Holdings decreased 20% to 95.5 billion yen.
This was due to a large drop in beer sales due to the closure of restaurants and shortening of business hours due to the spread of infection.
The companies say that demand for restaurants is unlikely to recover for a while, and they want to focus on selling products for the home, such as the “third beer,” which is relatively cheap, to secure profits.
Noriya Yokota, managing director of Kirin Holdings, said, “Infection is spreading again and we cannot predict the future. We would like to strengthen products that meet consumer needs such as heightened health awareness.”