SAPPORO HOLDINGS, Last Fiscal Year Net Income Revised Downward to an Unexpected 14% Decrease

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Thu Jan 30, 2025 3:00 pm JST Revision

2501 SAPPORO HOLDINGS LIMITED 【IFRS】

Guidance Update Report

SAPPORO HOLDINGS LIMITED <2501> [TSE Prime] announced a performance revision in the afternoon session on January 30th (15:00). The consolidated net income for the fiscal year ending December 2024 has decreased 25.0%, from the previous forecast of 10 billion yen to 7.5 billion yen (compared to 8.72 billion yen in the previous period). This changes the outlook from an anticipated profit increase to a projection of a 14.0% decrease in profit.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the July to December period (2H) consolidated net income has decreased 63.8%, from the previous forecast of 3.92 billion yen to 1.42 billion yen (compared to 13.8 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 71.7% to 89.7%.

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	278,342	9,970	ー	3,920	50.3	52	Nov 12, 2024	IFRS
Jul - Dec, 2024 New	282,342	2,870	ー	1,420	18.2	52	Jan 30, 2025	IFRS
Revision Rate	+1.4%	-71.2%	－	-63.8%	-63.8%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	526,000	17,600	ー	10,000	128.3	52	Nov 12, 2024	IFRS
Dec, 2024 New	530,000	10,500	ー	7,500	96.3	52	Jan 30, 2025	IFRS
Revision Rate	+0.8%	-40.3%	－	-25.0%	-25.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	280,105	14,630	15,485	13,828	177.5	47	Feb 14, 2024	IFRS
Jul - Dec, 2024 Guidance	282,342	2,870	ー	1,420	18.2	52	Jan 30, 2025	IFRS
YoY	+0.8%	-80.4%	－	-89.7%	-89.7%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	478,422	10,106	11,367	5,450	70.0	42	Feb 15, 2023	IFRS
Dec, 2023	518,632	11,820	12,144	8,724	112.0	47	Feb 14, 2024	IFRS
Dec, 2024 Guidance	530,000	10,500	ー	7,500	96.3	52	Jan 30, 2025	IFRS
YoY	+2.2%	-11.2%	－	-14.0%	-14.1%