)
Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Sapporo Holdings (2501) investor relations material
Sapporo Holdings Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Revenue for 2025Q3 was ¥382.6bn, down 0.8% year-over-year, while core operating profit rose 43.8% to ¥20.1bn, driven by strong Japan Alcoholic Beverages and cost management.
Net profit declined 5.3% year-over-year to ¥10.9bn due to foreign exchange losses from yen appreciation.
Structural reforms and growth initiatives continued, with strong domestic beer and real estate revenue offsetting declines in food and soft drinks.
Upward revision to full-year profit forecast, with a higher year-end dividend and a five-for-one stock split announced.
Financial highlights
Consolidated revenue for 2025Q3: ¥382.6bn (down 0.8% YoY); core operating profit: ¥20.1bn (up 43.8% YoY); operating profit: ¥19.6bn (up 10.8% YoY).
EBITDA: ¥36.3bn (up 19.5% YoY).
Overseas revenue declined 5.8% YoY; profit attributable to owners: ¥10.9bn (down 5.3% YoY).
Net debt decreased by ¥27.1bn to ¥163.8bn, with a net debt-to-equity ratio of 0.8.
Total assets declined by ¥31.0bn to ¥636.4bn, while total equity increased by ¥7.8bn to ¥208.4bn.
Outlook and guidance
Full-year 2025 revenue forecast revised down to ¥523.0bn, but core operating profit forecast raised to ¥29.5bn (+20.4% vs. initial plan).
Operating profit forecast more than doubled to ¥27.8bn, and profit attributable to owners of parent is expected to rise 113.9% to ¥16.5bn.
Year-end dividend forecast increased to ¥90 per share (pre-split basis); five-for-one stock split effective January 1, 2026.
Basic EPS forecast at ¥211.62 (pre-stock split basis).
Real estate business capital injection process on track for conclusion within the year.
Reconcile profit attributable to owners of parent decline
Impact of structural reforms on Food & Soft Drinks
Rationale for dividend increase and 5-for-1 stock split
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Sapporo Holdings earnings date
Q4 202513 Feb, 2026
Next Sapporo Holdings earnings date
Q4 202513 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Sapporo Holdings Limited is a Japanese company primarily engaged in the production and distribution of alcoholic and non-alcoholic beverages. The company’s portfolio includes beer, wine, spirits, and soft drinks, with its flagship brand, Sapporo Beer, being a prominent product. In addition to beverages, Sapporo operates in the food industry and real estate sector, managing restaurants and commercial properties. The company is headquartered in Tokyo, Japan, and its shares are listed on the Tokyo Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage