Segment Information|Financial Information|Sapporo Holdings

2025 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Corporate and eliminations
Revenue	400,244	106,609	9
Core operating profit	28,546	4,227	(7,765)
Operating profit	30,318	1,886	(7,766)
Depreciation and amortization	13,235	2,611	1,101
EBITDA※	41,781	6,839	(6,664)

*Due to the impact of reclassifying the real estate business as a discontinued operation in 4Q FY2025, the quarterly data for FY2025 will be disclosed once preparation is completed.

2024 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Real Estate	Other	Corporate and eliminations
Revenue	388,162	117,950	24,602	69	0
Core operating profit	18,797	3,429	7,849	19	(8,056)
Operating profit	4,718	5,210	7,343	1,107	(7,962)
Depreciation and amortization	11,622	2,914	6,150	0	1,323
EBITDA※	30,419	6,344	13,999	19	(6,733)

2023 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Real Estate	Other	Corporate and eliminations
Revenue	376,862	119,922	21,702	146	0
Core operating profit	16,016	1,634	5,784	15	(7,816)
Operating profit	8,980	1,693	8,867	15	(7,735)
Depreciation and amortization	10,607	2,786	5,477	0	1,525
EBITDA※	26,624	4,420	11,261	15	(6,291)

2022 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Real Estate	Other	Corporate and eliminations
Revenue	334,644	122,914	20,724	140	0
Core operating profit	7,730	1,767	6,459	18	(6,662)
Operating profit	8,908	2,270	5,442	18	(6,531)
Depreciation and amortization	11,169	2,617	5,036	0	1,746
EBITDA※	18,898	4,385	11,495	18	(4,916)

2021 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Real Estate	Other	Corporate and eliminations
Revenue	289,678	125,453	21,863	166	-
Core operating profit	5,441	712	8,226	36	(6,274)
Operating profit	2,146	(3,386)	29,254	34	(6,020)
Depreciation and amortization	10,035	3,035	5,461	0	1,965
EBITDA※	15,477	3,747	13,687	37	(4,308)

2020 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Real Estate	Other	Corporate and eliminations
Revenue	285,427	125,861	23,262	172	-
Core operating profit	2,368	(2,621)	10,853	(0)	(6,338)
Operating profit	(4,861)	(16,921)	11,892	(0)	(6,048)
Depreciation and amortization	10,374	5,561	5,190	(1)	1,963
EBITDA※	12,743	2,940	16,043	0	(4,375)

2019 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Real Estate	Other	Corporate and eliminations
Revenue	324,438	136,876	24,690	5,892	-
Core operating profit	8,706	470	10,737	(184)	(7,066)
Operating profit	7,877	(1,151)	12,714	(169)	(7,065)
Depreciation and amortization	11,437	5,815	5,200	36	1,851
EBITDA※	20,054	5,345	15,937	(149)	(5,216)

2018 (IFRS)

(millions of yen)

	Alcoholic Beverages	Food & Soft Drinks	Real Estate	Other	Corporate and eliminations
Revenue	330,009	133,384	24,483	6,033	-
Core operating profit	8,952	1,409	11,136	174	(6,512)
Operating profit	3,856	1,910	12,047	177	(6,401)
Depreciation and amortization	11,708	6,003	5,177	41	1,663
EBITDA※	20,660	7,412	16,313	215	(4,849)

2017 (IFRS)

(millions of yen)

	Japanese Alcoholic Beverages	International	Food & Soft Drinks	Restaurants	Real Estate	Other	Corporate and eliminations
Revenue	261,489	78,626	132,092	28,639	23,893	11,846	-
Core operating profit	10,350	(145)	2,869	160	10,663	23	(6,473)
Operating profit	10,038	(2,728)	2,430	(515)	10,271	(137)	(6,553)
Depreciation and amortization	9,276	3,908	5,965	765	5,050	100	1,969
EBITDA※	19,626	3,762	8,834	925	15,713	123	(4,505)

*The Company has voluntarily applied International Financial Reporting Standard (IFRS) from the first quarter of fiscal 2018. The date of the fiscal 2017 is also presented based on IFRS for comparison.
*EBITDA = Profit from operations before non-recurring items+ Depreciation and amortization (excluding depreciation expense on leased assets which is charged on the rent of restaurants)

Revenue by Segment

2025

Alcoholic Beverages	Food & Soft Drinks	Other
79.0%	21.0%	0.0%