• Bloomberg


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.

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