The financial results of major beer manufacturers for the past year have been strong, with profits, which represent profits from the main business, hitting a record high due to pushbacks from price increases and a recovery in sales to restaurants.
Of these
, Suntory Holdings' group-wide financial results for the past year showed
sales of 3,285.1 billion yen, an increase of 10.6% compared to the previous year, and
adjusted operating income excluding gains on sale of stocks of 3,169 yen. billion yen, an increase of 17.1% from the previous year,
both record highs.
Asahi Group Holdings'
sales increased by 10.3% to 2,769 billion yen
, and business profit increased by 8.1% to 263.6 billion yen,
both of which were record highs.
Also,
Kirin Holdings'
business profit was 201.4 billion yen, an increase of 5.4% from the previous year, which is the highest ever.
In addition,
Sapporo Holdings also posted higher sales and business profits than the previous year.
The main factors behind each company's strong performance are the boost in sales due to product price increases, a recovery in sales to restaurants in Japan, and the introduction of new products in line with the liquor tax reform.
Tsuyoshi Niinami, President of Suntory Holdings, said, ``Unlike during deflation, the game will be about innovation, so we want to provide even higher quality products. I want to create a miracle that is different from that."