Sapporo Holdings Ltd
TSE:2501

Watchlist Manager
Sapporo Holdings Ltd Logo
Sapporo Holdings Ltd
TSE:2501
Watchlist
Price: 8 039 JPY 0.79% Market Closed
Market Cap: 633.4B JPY
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
+11%
5Y
-35%
10Y
+0%
Operating Income
+
3Y
-13%
5Y
+35%
10Y
-1%
Net Income
+
3Y
+274%
5Y
+107%
10Y
-20%

Earnings Waterfall
Sapporo Holdings Ltd

Revenue
527.8B JPY
Cost of Revenue
-357.4B JPY
Gross Profit
170.4B JPY
Operating Expenses
-158.1B JPY
Operating Income
12.3B JPY
Other Expenses
-5.2B JPY
Net Income
7.1B JPY

Income Statement
Sapporo Holdings Ltd

Rotate your device to view
Income Statement
Currency: JPY
Mar-2004 Jun-2004 Sep-2004 Mar-2005 Jun-2005 Sep-2005 Mar-2006 Jun-2006 Sep-2006 Mar-2007 Jun-2007 Sep-2007 Mar-2008 Jun-2008 Sep-2008 Mar-2009 Jun-2009 Sep-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
1 304
0
0
959
0
0
731
0
0
1 053
0
0
1 066
0
0
860
0
0
895
0
1 814
3 646
2 662
3 629
3 576
3 557
3 586
3 492
3 503
3 448
3 322
3 141
2 907
2 704
2 589
2 507
2 481
2 399
2 341
2 323
2 291
2 279
2 250
2 185
2 161
2 142
0
0
0
2 396
0
0
0
1 991
0
0
0
1 864
0
0
0
2 291
0
0
0
1 634
0
0
0
1 886
0
0
0
2 997
0
0
0
3 258
0
0
0
Revenue
345 746
N/A
351 590
+2%
363 748
+3%
360 086
-1%
348 134
-3%
334 983
-4%
329 737
-2%
326 428
-1%
319 820
-2%
324 715
+2%
331 145
+2%
331 802
+0%
333 258
+0%
313 830
-6%
306 572
-2%
296 542
-3%
295 499
0%
283 109
-4%
278 617
-2%
277 840
0%
284 085
+2%
389 244
+37%
385 081
-1%
405 217
+5%
426 853
+5%
454 099
+6%
474 776
+5%
480 281
+1%
483 441
+1%
492 490
+2%
495 600
+1%
500 672
+1%
507 241
+1%
509 834
+1%
521 420
+2%
518 471
-1%
519 683
+0%
518 740
0%
515 113
-1%
524 762
+2%
527 507
+1%
533 748
+1%
536 682
+1%
536 823
+0%
537 871
+0%
541 847
+1%
545 020
+1%
543 572
0%
540 310
-1%
536 585
-1%
533 364
-1%
527 642
-1%
526 897
0%
493 908
-6%
483 524
-2%
480 375
-1%
473 879
-1%
491 896
+4%
851 777
+73%
824 687
-3%
807 242
-2%
434 723
-46%
424 793
-2%
434 446
+2%
428 437
-1%
437 159
+2%
440 510
+1%
451 240
+2%
473 910
+5%
478 422
+1%
493 944
+3%
503 161
+2%
510 359
+1%
518 632
+2%
522 625
+1%
527 764
+1%
526 471
0%
530 783
+1%
536 701
+1%
527 821
-2%
527 785
0%
Gross Profit
Cost of Revenue
(248 028)
(246 785)
(250 529)
(245 894)
(238 491)
(230 147)
(227 824)
(225 391)
(220 865)
(223 170)
(225 762)
(224 818)
(228 008)
(217 185)
(213 857)
(206 060)
(204 997)
(196 242)
(191 730)
(189 351)
(191 112)
(261 211)
(256 832)
(265 315)
(274 900)
(286 678)
(300 108)
(304 104)
(306 998)
(313 117)
(316 090)
(320 237)
(325 189)
(329 605)
(337 035)
(335 383)
(337 220)
(336 388)
(336 992)
(345 418)
(348 060)
(352 808)
(352 933)
(351 723)
(350 852)
(352 420)
(360 642)
(364 842)
(368 376)
(373 148)
(371 478)
(367 315)
(366 796)
(335 631)
(327 106)
(323 537)
(317 716)
(336 682)
(582 370)
(565 502)
(555 741)
(302 593)
(296 764)
(302 841)
(298 688)
(303 380)
(306 041)
(314 936)
(333 173)
(339 180)
(349 704)
(355 209)
(357 045)
(361 793)
(364 184)
(365 660)
(364 454)
(365 865)
(368 800)
(361 466)
(357 369)
Gross Profit
97 718
N/A
104 805
+7%
113 219
+8%
114 192
+1%
109 643
-4%
104 836
-4%
101 913
-3%
101 037
-1%
98 955
-2%
101 545
+3%
105 383
+4%
106 984
+2%
105 250
-2%
96 645
-8%
92 715
-4%
90 482
-2%
90 502
+0%
86 867
-4%
86 887
+0%
88 489
+2%
92 973
+5%
128 033
+38%
128 249
+0%
139 902
+9%
151 953
+9%
167 421
+10%
174 668
+4%
176 177
+1%
176 443
+0%
179 373
+2%
179 510
+0%
180 435
+1%
182 052
+1%
180 229
-1%
184 385
+2%
183 088
-1%
182 463
0%
182 352
0%
178 121
-2%
179 344
+1%
179 447
+0%
180 940
+1%
183 749
+2%
185 100
+1%
187 019
+1%
189 427
+1%
184 378
-3%
178 730
-3%
171 934
-4%
163 437
-5%
161 886
-1%
160 327
-1%
160 101
0%
158 277
-1%
156 418
-1%
156 838
+0%
156 163
0%
155 214
-1%
269 407
+74%
259 185
-4%
251 501
-3%
132 130
-47%
128 029
-3%
131 605
+3%
129 749
-1%
133 779
+3%
134 469
+1%
136 304
+1%
140 737
+3%
139 242
-1%
144 240
+4%
147 952
+3%
153 314
+4%
156 839
+2%
158 441
+1%
162 104
+2%
162 017
0%
164 918
+2%
167 901
+2%
166 355
-1%
170 416
+2%
Operating Income
Operating Expenses
(95 369)
(95 045)
(96 247)
(97 391)
(99 224)
(100 376)
(98 449)
(97 606)
(95 559)
(98 074)
(108 470)
(108 259)
(103 109)
(88 823)
(84 471)
(84 282)
(81 429)
(79 145)
(79 254)
(80 779)
(83 469)
(112 627)
(112 599)
(122 699)
(133 781)
(148 534)
(158 025)
(162 022)
(164 235)
(164 958)
(164 270)
(163 825)
(163 788)
(164 885)
(166 012)
(167 207)
(168 268)
(167 624)
(165 995)
(166 914)
(167 019)
(166 990)
(166 898)
(166 811)
(166 174)
(169 160)
(168 964)
(162 513)
(155 857)
(146 102)
(150 930)
(151 725)
(150 190)
(142 629)
(143 471)
(142 070)
(143 383)
(143 613)
(251 361)
(248 742)
(242 374)
(127 528)
(144 049)
(119 043)
(102 625)
(125 517)
(110 788)
(133 619)
(126 548)
(130 164)
(132 908)
(140 413)
(141 622)
(141 353)
(149 889)
(146 329)
(142 099)
(142 409)
(157 776)
(156 402)
(158 093)
Selling, General & Administrative
(95 369)
(95 045)
(96 247)
(97 391)
(99 224)
(100 376)
(98 449)
(97 606)
(95 559)
(98 074)
(101 243)
(101 024)
(95 874)
(88 815)
(84 471)
(84 282)
(81 429)
(79 145)
(79 254)
(80 779)
(83 469)
(112 627)
(112 599)
(122 698)
(133 780)
(148 534)
(158 024)
(162 023)
(164 234)
(164 958)
(164 268)
(163 822)
(163 787)
(164 884)
(166 013)
(167 206)
(168 268)
(167 623)
(165 993)
(166 914)
(167 018)
(166 990)
(166 898)
(166 810)
(166 172)
(169 159)
(165 915)
(159 751)
(154 042)
(145 991)
(146 243)
(147 031)
(146 353)
(143 118)
(141 996)
(140 578)
(141 416)
(143 490)
(251 706)
(244 852)
(238 605)
(127 869)
(124 423)
(125 723)
(125 116)
(125 637)
(125 877)
(126 857)
(128 390)
(129 931)
(131 463)
(132 982)
(135 386)
(141 206)
(143 669)
(146 432)
(146 800)
(142 881)
(142 935)
(140 910)
(142 269)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
(7 227)
(7 235)
(7 235)
(8)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other Operating Expenses
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
0
0
0
1
(1)
0
(2)
(3)
0
(1)
1
(1)
0
(1)
0
0
(1)
0
0
(1)
(2)
(1)
(3 049)
(2 762)
(1 815)
(111)
(4 687)
(4 694)
(3 837)
489
(1 475)
(1 492)
(1 967)
(123)
345
(3 890)
(3 769)
341
(19 626)
6 680
22 491
120
15 089
(6 762)
1 842
(233)
(1 445)
(7 431)
(6 236)
(147)
(6 220)
103
4 701
472
(14 841)
(15 492)
(15 824)
Operating Income
2 349
N/A
9 760
+315%
16 972
+74%
16 801
-1%
10 419
-38%
4 460
-57%
3 464
-22%
3 431
-1%
3 396
-1%
3 471
+2%
(3 087)
N/A
(1 275)
+59%
2 141
N/A
7 822
+265%
8 244
+5%
6 200
-25%
9 073
+46%
7 722
-15%
7 633
-1%
7 710
+1%
9 504
+23%
15 406
+62%
15 650
+2%
17 203
+10%
18 172
+6%
18 887
+4%
16 643
-12%
14 155
-15%
12 208
-14%
14 415
+18%
15 240
+6%
16 610
+9%
18 264
+10%
15 344
-16%
18 373
+20%
15 881
-14%
14 195
-11%
14 728
+4%
12 126
-18%
12 430
+3%
12 428
0%
13 950
+12%
16 851
+21%
18 289
+9%
20 845
+14%
20 267
-3%
15 414
-24%
16 217
+5%
16 077
-1%
17 335
+8%
10 956
-37%
8 602
-21%
9 911
+15%
15 648
+58%
12 947
-17%
14 768
+14%
12 780
-13%
11 601
-9%
18 046
+56%
10 443
-42%
9 127
-13%
4 602
-50%
(16 020)
N/A
12 562
N/A
27 124
+116%
8 262
-70%
23 681
+187%
2 685
-89%
14 189
+428%
9 078
-36%
11 332
+25%
7 539
-33%
11 692
+55%
15 486
+32%
8 552
-45%
15 775
+84%
19 918
+26%
22 509
+13%
10 125
-55%
9 953
-2%
12 323
+24%
Pre-Tax Income
Interest Income Expense
(2 454)
(2 136)
(2 809)
(2 471)
(2 099)
(1 119)
(1 225)
(996)
(1 572)
(1 747)
(2 090)
(2 026)
(1 991)
(1 952)
(2 071)
(1 764)
(1 773)
(1 857)
(2 201)
(1 542)
(1 010)
(1 323)
(1 234)
(1 906)
(2 490)
(2 935)
(2 257)
(2 427)
(2 373)
(1 779)
1 770
2 468
2 744
2 774
(936)
(1 336)
(935)
(308)
(346)
(168)
(940)
(1 378)
(1 827)
(1 598)
(1 547)
(989)
(916)
(851)
(548)
(1 277)
(1 229)
(1 384)
(1 438)
(975)
(756)
(832)
(603)
(642)
(1 268)
(1 449)
(1 428)
(1 685)
(3 271)
(2 944)
(2 681)
(295)
(565)
208
679
259
513
(268)
(1 167)
(1 846)
1 296
2 283
599
(458)
(942)
(3 040)
(954)
Non-Reccuring Items
(17 582)
(14 910)
(784)
(1 461)
(2 706)
(2 646)
(2 149)
(970)
(1 242)
(1 322)
(1 373)
(1 197)
(3 622)
(7 660)
(7 947)
(5 725)
(1 013)
(1 197)
(515)
(1 388)
(2 382)
(5 376)
(17 935)
(20 152)
(19 367)
(11 013)
(7 841)
(5 585)
(5 337)
(3 206)
(3 323)
(2 453)
(2 086)
(1 896)
(4 020)
(15 811)
(15 906)
(16 487)
(13 003)
(2 996)
(6 336)
(8 599)
(9 612)
(8 092)
(5 608)
(3 083)
0
0
0
(4 529)
0
0
0
(4 060)
0
0
(260)
607
0
0
1 040
(22 290)
0
0
(17 073)
13 104
0
0
(8 575)
1 979
0
0
454
(1 673)
4 614
6 484
0
(10 499)
0
0
0
Gain/Loss on Disposition of Assets
243
475
1 143
1 772
1 717
858
229
4
64
68
151
101
151
25 820
25 811
25 758
21
19
17
0
2
8 166
16 575
16 592
16 595
292
295
281
285
72
79
108
117
(159)
(176)
(193)
(241)
0
10 800
10 860
10 892
7 501
131
70
93
19
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Total Other Income
123
249
351
427
404
363
337
477
478
234
339
272
110
347
366
680
421
300
556
605
742
892
614
704
637
616
658
622
797
1 010
786
838
608
499
549
541
875
4 761
829
796
396
216
766
863
846
189
343
(5)
33
9
1
(1)
(1)
16
(3)
0
(1)
22
(1)
0
0
9
0
(1)
0
114
(3)
0
(2)
51
(2)
(3)
(1)
177
1
0
1
24
0
0
0
Pre-Tax Income
(17 321)
N/A
(6 562)
+62%
14 873
N/A
15 068
+1%
7 735
-49%
1 916
-75%
656
-66%
1 946
+197%
1 124
-42%
704
-37%
(6 060)
N/A
(4 125)
+32%
(3 211)
+22%
24 377
N/A
24 403
+0%
25 149
+3%
6 729
-73%
4 987
-26%
5 490
+10%
5 385
-2%
6 856
+27%
17 765
+159%
13 670
-23%
12 441
-9%
13 547
+9%
5 847
-57%
7 498
+28%
7 046
-6%
5 580
-21%
10 512
+88%
14 552
+38%
17 571
+21%
19 647
+12%
16 562
-16%
13 790
-17%
(918)
N/A
(2 012)
-119%
2 694
N/A
10 406
+286%
20 922
+101%
16 440
-21%
11 690
-29%
6 309
-46%
9 532
+51%
14 629
+53%
16 403
+12%
14 841
-10%
15 361
+4%
15 562
+1%
11 538
-26%
9 728
-16%
7 217
-26%
8 472
+17%
10 629
+25%
12 188
+15%
13 934
+14%
11 916
-14%
11 588
-3%
16 777
+45%
8 994
-46%
8 738
-3%
(19 364)
N/A
(19 290)
+0%
9 617
N/A
7 369
-23%
21 185
+187%
23 113
+9%
2 891
-87%
6 291
+118%
11 367
+81%
11 843
+4%
7 268
-39%
10 978
+51%
12 144
+11%
14 463
+19%
24 544
+70%
20 518
-16%
11 576
-44%
9 184
-21%
6 914
-25%
11 369
+64%
Net Income
Tax Provision
(1 700)
(462)
(5 072)
(5 421)
(6 046)
(1 142)
(364)
181
(705)
1 644
4 865
2 932
2 652
(10 459)
(10 143)
(10 817)
(2 767)
(2 672)
(2 872)
(3 000)
(3 468)
(6 993)
(6 221)
(3 895)
(5 538)
(2 798)
(2 329)
(4 158)
(2 812)
(5 350)
(8 260)
(9 212)
(9 435)
(7 143)
(5 234)
(949)
(786)
(2 599)
(5 639)
(8 633)
(7 750)
(5 578)
(3 055)
(4 022)
(5 052)
(7 023)
(6 754)
(6 877)
(6 630)
(5 170)
(4 421)
(3 319)
(3 327)
(2 023)
(2 769)
(3 190)
(2 418)
(4 259)
(6 057)
(2 997)
(2 571)
2 759
2 142
(7 379)
(7 152)
(8 910)
(9 580)
(3 270)
(4 348)
(5 852)
(5 928)
(6 484)
(7 737)
(3 386)
(4 086)
(4 595)
(3 295)
(3 805)
(3 657)
(3 476)
(4 252)
Income from Continuing Operations
(19 021)
(7 024)
9 801
9 647
1 689
774
292
2 127
419
2 348
(1 195)
(1 193)
(559)
13 918
14 260
14 332
3 962
2 315
2 618
2 385
3 388
10 772
7 449
8 546
8 009
3 049
5 169
2 888
2 768
5 162
6 292
8 359
10 212
9 419
8 556
(1 867)
(2 798)
95
4 767
12 289
8 690
6 112
3 254
5 510
9 577
9 380
8 087
8 484
8 932
6 368
5 307
3 898
5 145
8 606
9 419
10 744
9 498
7 329
10 720
5 997
6 167
(16 605)
(17 148)
2 238
217
12 275
13 533
(379)
1 943
5 515
5 915
784
3 241
8 758
10 377
19 949
17 223
7 771
5 527
3 438
7 117
Income to Minority Interest
407
22
22
0
0
0
0
0
0
2
2
1
6
30
29
20
(4)
7
9
(9)
(29)
3
14
(53)
(14)
122
160
341
418
232
162
127
61
32
146
199
164
245
271
144
178
(3)
(34)
(100)
(116)
89
17
332
564
820
964
959
952
801
831
730
506
536
744
693
773
533
527
461
368
56
6
(15)
(42)
(65)
(68)
(52)
(32)
(33)
(33)
(39)
(51)
(57)
(57)
(17)
(16)
Net Income (Common)
(18 614)
N/A
(6 998)
+62%
9 822
N/A
9 664
-2%
1 682
-83%
770
-54%
290
-62%
2 130
+634%
418
-80%
2 351
+462%
(1 197)
N/A
(1 191)
+1%
(554)
+53%
13 946
N/A
14 286
+2%
14 346
+0%
3 954
-72%
2 319
-41%
2 625
+13%
2 373
-10%
3 353
+41%
10 772
+221%
7 459
-31%
8 491
+14%
7 993
-6%
3 164
-60%
5 330
+68%
3 229
-39%
3 187
-1%
5 393
+69%
6 451
+20%
8 483
+31%
10 271
+21%
9 451
-8%
8 704
-8%
(1 666)
N/A
(2 631)
-58%
340
N/A
5 037
+1 381%
12 432
+147%
8 865
-29%
6 108
-31%
3 220
-47%
5 409
+68%
9 460
+75%
9 469
+0%
8 103
-14%
8 816
+9%
9 497
+8%
7 187
-24%
6 273
-13%
4 859
-23%
6 099
+26%
8 521
+40%
9 217
+8%
10 226
+11%
8 873
-13%
4 356
-51%
7 858
+80%
3 299
-58%
3 431
+4%
(16 071)
N/A
(16 621)
-3%
2 699
N/A
588
-78%
12 331
+1 997%
13 540
+10%
(393)
N/A
1 899
N/A
5 450
+187%
5 847
+7%
732
-87%
3 209
+338%
8 724
+172%
10 343
+19%
19 909
+92%
17 172
-14%
7 714
-55%
5 470
-29%
3 421
-37%
7 101
+108%
EPS (Diluted)
-262.16
N/A
-82.32
+69%
125.92
N/A
136.11
+8%
23.36
-83%
7.77
-67%
3.97
-49%
28.78
+625%
3.63
-87%
30.53
+741%
-15.15
N/A
-15.07
+1%
-7.1
+53%
160.29
N/A
176.37
+10%
183.92
+4%
50.05
-73%
22.96
-54%
33.65
+47%
30.03
-11%
42.98
+43%
138.1
+221%
95.62
-31%
108.85
+14%
102.47
-6%
40.56
-60%
68.33
+68%
41.39
-39%
40.85
-1%
69.14
+69%
82.7
+20%
108.75
+31%
131.67
+21%
121.16
-8%
111.58
-8%
-21.35
N/A
-33.73
-58%
4.36
N/A
64.57
+1 381%
159.38
+147%
113.65
-29%
78.39
-31%
41.28
-47%
69.34
+68%
121.28
+75%
121.55
+0%
103.88
-15%
113.02
+9%
121.75
+8%
92.25
-24%
80.42
-13%
58.54
-27%
73.51
+26%
104.29
+42%
118.33
+13%
123.27
+4%
106.95
-13%
52.5
-51%
100.87
+92%
42.35
-58%
41.35
-2%
-206.31
N/A
-213.37
-3%
34.64
N/A
7.53
-78%
155.74
+1 968%
173.8
+12%
-5.05
N/A
24.36
N/A
69.95
+187%
75.06
+7%
9.38
-88%
41.17
+339%
111.94
+172%
132.77
+19%
255.33
+92%
220.37
-14%
99
-55%
70.19
-29%
43.86
-38%
91.07
+108%

See Also

Summary
Intrinsic value, competitors valuation, and company profile.
DCF Valuation
Stock valuation using Discount Cash Flow valuation method.
Relative Valuation
Stock valuation using valuation multiples.
Wall Street Estimates
Price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
Stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
ALPHA SPREAD
Follow us
Join more than 301,900+ value investors using Alpha Spread
Create Free Account
or see our plans & pricing

Company

About Us Careers Pricing Affiliate Program Terms of Service Privacy Policy

Help

What is Intrinsic Value? Help Center Contact Us

Tools

Stock Screener Intrinsic Value Calculator DCF Value Calculator Discount Rate Calculator

Stocks

Most Undervalued Stocks Wide Economic Moat Stocks High Profitability Stocks High Solvency Stocks Most Popular Stocks

© 2025 Alpha Spread Limited. All Rights Reserved.

www.alphaspread.com is not operated by a broker, a dealer, or a registered investment adviser. Under no circumstances does any information posted on www.alphaspread.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute, investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. In no event shall Alpha Spread Limited be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on www.alphaspread.com, or relating to the use of, or inability to use, www.alphaspread.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance.