• Bloomberg

  • SHARE

Sapporo Holdings Ltd., the Japanese brewer assessing a takeover proposal from U.S. fund Steel Partners, forecast profit to more than double this year.

Net income may be ¥12.8 billion in the year ending Dec. 31 from ¥5.51 billion last year, the company said in a Friday statement to the Tokyo Stock Exchange. That’s more than the average ¥7.67 billion estimate of six analysts compiled by Bloomberg.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW