Beer maker Sapporo Holdings' financial results for the past year were a deficit of 16 billion yen due to a decrease in beer sales due to the impact of the new coronavirus and a deterioration in sales of affiliated beer halls. ..
It is the first time in 22 years that the final deficit has been reached in the annual financial results.
The Group's financial results for the last year of Sapporo Holdings were 434.7 billion yen, 11% lower than the previous year, and the final loss was 16 billion yen.
It is the first time in 22 years since 1998 that the final deficit in the annual financial results.
This was due to the decline in sales of commercial beer due to the new Corona, refraining from going out and banquets, shortening the business hours of restaurants, and the deterioration of the performance of affiliated beer halls.
The drop in vending sales at the group's beverage makers also had an impact.
The company is working to reduce costs by closing unprofitable beer halls and soliciting voluntary retirement due to the deterioration of business performance, and is expecting a surplus of 12 billion yen in the one-year financial results.
President Mashiro Oga said, "The outlook for the first half of the year is bleak due to the state of emergency, but some products for households are selling well, and we believe that it will recover gradually in the second half of the year. ".