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CASTLE MALTING NEWS in partnership with www.e-malt.com Chinese
07 August, 2020



Brewing news Japan: Four major brewers report January-June sales falls

Four major Japanese brewers have reported January-June sales falls, as temporary closures of bars and restaurants due to the coronavirus pandemic dragged down domestic and overseas sales of beer and other beverages, Nippon.com reported on August 7.

Sapporo Holdings Ltd. posted a first-half consolidated net loss for the fourth consecutive year, while Suntory Holdings Ltd. and Asahi Group Holdings Ltd. incurred year-on-year profit slumps.

Sapporo braces for its first annual net loss in 22 years for the full year through December, as no rapid recovery is expected.

Kirin Holdings Co. revised down its earnings forecasts, while Suntory withdrew its estimates. Asahi expects revenue and profit falls.

For January-June, sales of beer and quasi-beer products declined at all four companies. Business suspensions and shortened operating hours at bars and restaurants depressed sales of beers, which have wide profit margins.





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