Sapporo Holdings Limited (2501.T) - Quarterly Balance Statement

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2501.T
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7201 (JPY) • At close July 4, 2025

Overview | Financials

Numbers are in millions (except for per share data and ratios) JPY.

	2025 Q1	2024 Q4	2024 Q3	2024 Q2	2024 Q1	2023 Q4	2023 Q3	2023 Q2	2023 Q1	2022 Q4	2022 Q3	2022 Q2	2022 Q1	2021 Q4	2021 Q3	2021 Q2	2021 Q1	2020 Q4	2020 Q3	2020 Q2	2020 Q1	2019 Q4	2019 Q3	2019 Q2	2019 Q1	2018 Q4	2018 Q3	2018 Q2	2018 Q1	2017 Q4	2017 Q3	2017 Q2	2017 Q1	2016 Q4	2016 Q3	2016 Q2	2016 Q1	2015 Q4	2015 Q3	2015 Q2	2015 Q1	2014 Q4	2014 Q3	2014 Q2	2014 Q1	2013 Q4	2013 Q3	2013 Q2	2013 Q1	2012 Q4	2012 Q3	2012 Q2	2012 Q1	2011 Q4	2011 Q3	2011 Q2	2011 Q1	2010 Q4	2010 Q3	2010 Q2	2010 Q1	2009 Q4	2009 Q3	2009 Q2	2009 Q1
Assets:
Current Assets:
Cash & Cash Equivalents Numbers are in millions	22,420	24,140	23,402	20,165	17,180	16,983	18,585	17,386	14,109	15,380	19,467	18,222	25,722	17,368	13,290	12,636	19,101	19,734	52,477	23,801	29,364	15,215	22,116	8,746	12,277	9,989	10,751	9,803	9,329	12,717	13,084	10,521	9,428	10,589	13,296	12,474	12,129	10,430	10,225	10,539	9,259	9,781	11,503	10,886	10,717	11,552	9,818	10,065	9,973	9,755	9,957	7,956	9,738	9,204	8,917	13,021	14,470	13,390	9,908	10,677	14,514	6,387	21,661	9,545	18,821
Short Term Investments Numbers are in millions	0	187	0	0	4,559	221	4,289	3,630	3,617	8,454	8,118	7,192	7,623	3,985	3,629	3,253	3,701	5,459	5,122	4,445	4,459	5,403	4,677	3,879	3,877	4,790	4,437	4,176	8,389	-427	-15,189	-13,747	-14,090	-4,789	-14,588	-14,670	-14,560	-9,016	-14,240	-13,479	-13,938	-9,150	-13,282	-15,009	-13,264	-9,544	-14,595	-14,915	-14,871	-9,783	-15,787	0	0	-10,142	-10,152	50	-10,232	2	6	10	12	47	46	46	44
Cash and Short Term Investments Numbers are in millions	22,420	24,140	23,402	20,165	17,180	17,204	22,874	21,016	17,726	23,834	27,585	25,414	33,345	21,353	16,919	15,889	22,802	25,193	57,599	28,246	33,823	20,618	26,793	12,625	16,154	14,779	15,188	13,979	17,718	12,717	13,084	10,521	9,428	10,589	13,296	12,474	12,129	10,430	10,225	10,539	9,259	9,781	11,503	10,886	10,717	11,552	9,818	10,065	9,973	9,755	9,957	7,956	9,738	9,204	8,917	13,071	14,470	13,392	9,914	10,687	14,526	6,434	21,707	9,591	18,865
Net Receivables Numbers are in millions	77,120	99,458	77,080	88,312	77,478	98,023	90,957	82,631	73,625	96,593	81,974	77,353	64,241	91,530	62,915	69,749	60,840	84,475	66,706	67,146	60,505	92,529	74,509	82,493	72,165	93,340	80,804	81,681	73,568	98,501	81,607	78,851	68,427	96,768	71,186	74,754	64,321	92,271	69,068	74,486	62,443	89,080	67,056	69,135	62,743	86,920	65,910	75,427	61,370	83,294	69,183	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Inventory Numbers are in millions	58,737	58,148	51,427	51,210	49,186	47,575	51,031	50,839	48,310	47,525	47,163	44,573	41,990	39,178	40,479	41,249	39,768	36,001	38,634	39,892	38,332	36,528	40,797	41,781	42,498	37,109	39,903	39,955	39,491	38,319	42,833	42,017	40,727	37,972	40,613	41,111	41,283	38,634	43,718	44,782	40,991	36,539	39,171	37,724	35,727	34,384	37,463	37,054	35,678	32,444	35,405	35,469	32,149	28,061	29,364	30,255	27,066	22,168	23,424	25,347	23,252	22,947	23,614	25,025	23,611
Other Current Assets Numbers are in millions	12,133	12,172	10,402	11,200	12,600	13,551	6,934	7,915	13,898	11,479	9,525	8,074	16,249	15,745	6,493	6,927	16,397	15,160	9,935	9,170	8,232	6,090	8,805	9,276	10,555	8,316	10,232	10,275	10,128	19,315	18,920	19,136	19,577	18,854	15,580	16,837	17,064	15,029	15,163	14,758	16,741	20,972	17,245	15,378	15,668	14,479	13,554	13,067	13,509	12,765	13,503	15,004	15,687	7,874	12,345	15,303	14,110	10,015	10,156	10,871	12,328	8,753	13,497	13,922	17,798
Total Current Assets Numbers are in millions	170,410	193,918	162,311	170,887	156,444	176,353	171,796	162,401	153,559	179,431	166,247	155,414	155,825	167,806	126,806	133,814	139,807	160,829	172,874	144,454	140,892	155,765	150,904	146,175	141,372	153,544	146,127	145,890	140,905	168,852	156,444	150,525	138,159	164,183	140,675	145,176	134,797	156,364	138,174	144,565	129,434	156,372	134,975	133,123	124,855	147,336	126,745	135,613	120,530	138,258	128,048	132,151	118,310	129,018	114,382	125,078	108,918	109,737	93,261	101,406	94,035	102,277	104,275	101,373	105,620
Non-Current Assets:
Property, Plant & Equipment, Net Numbers are in millions	152,718	157,799	155,874	156,347	152,922	145,687	142,194	138,273	131,070	129,102	135,108	122,198	120,452	120,624	131,090	129,984	129,347	126,650	141,480	143,096	144,253	147,014	153,995	154,272	153,486	152,676	152,618	151,622	149,053	343,763	346,526	342,306	342,418	345,495	336,619	333,955	336,282	337,042	341,395	345,592	347,161	350,597	354,734	352,638	352,623	352,882	352,578	351,261	350,488	353,061	352,823	353,994	356,177	314,379	318,443	321,870	322,045	296,629	314,263	317,510	313,142	317,838	322,331	317,159	318,595
Goodwill Numbers are in millions	22,020	22,362	35,061	37,488	36,221	35,124	36,095	35,547	33,906	33,783	37,524	19,787	19,479	19,176	19,476	19,528	18,060	17,920	18,263	18,260	18,215	18,358	22,151	21,888	21,246	21,229	24,945	24,701	24,406	26,948	32,277	25,343	26,285	27,439	27,695	28,868	29,227	30,235	33,142	32,777	35,279	29,966	31,569	32,411	33,329	34,418	35,237	36,203	37,113	37,541	38,158	39,131	39,909	40,147	41,044	41,944	32,501	14,128	15,903	15,090	15,729	14,926	14,997	15,262	15,299
Intangible Assets Numbers are in millions	5,920	6,279	6,808	7,261	7,269	6,993	7,130	7,257	9,095	9,328	10,013	8,005	8,028	7,893	8,944	9,356	9,011	9,023	9,029	9,238	8,649	8,844	12,453	11,780	11,919	12,056	13,219	13,206	12,764	13,575	9,726	9,926	10,292	10,511	9,872	10,283	9,927	10,743	11,421	11,443	8,609	6,025	6,571	6,320	6,830	7,567	7,888	8,586	9,081	7,444	7,742	8,087	8,403	8,844	9,337	9,915	10,389	10,331	11,092	11,130	10,335	6,967	3,963	4,250	4,083
Goodwill and Intangible Assets Numbers are in millions	27,940	28,641	41,869	44,749	43,490	42,117	43,225	42,804	43,001	43,111	47,537	27,792	27,507	27,069	28,420	28,884	27,071	26,943	27,292	27,498	26,864	27,202	34,604	33,668	33,165	33,285	38,164	37,907	37,170	40,523	42,003	35,269	36,577	37,950	37,567	39,151	39,154	40,978	44,563	44,220	43,888	35,991	38,140	38,731	40,159	41,985	43,125	44,789	46,194	44,985	45,900	47,218	48,312	48,991	50,381	51,859	42,890	24,459	26,995	26,220	26,064	21,893	18,960	19,512	19,382
Long Term Investments Numbers are in millions	276,824	278,027	1,324	306,173	304,990	291,923	75,327	75,784	69,835	61,532	61,852	60,355	58,205	63,010	68,821	65,773	70,567	64,956	67,954	66,864	61,212	73,753	70,844	70,322	73,651	65,825	74,680	74,226	64,550	62,572	79,358	77,466	73,182	64,085	68,605	67,793	70,550	70,864	72,839	77,640	77,147	69,118	70,330	69,512	63,078	60,765	65,630	59,750	57,842	45,453	48,430	0	0	41,350	42,309	30,456	41,397	38,025	36,547	36,367	37,421	35,343	35,975	29,109	25,652
Tax Assets Numbers are in millions	3,053	2,766	2,915	2,863	2,705	2,863	2,416	2,383	2,492	2,569	3,699	3,805	4,134	4,151	6,148	6,220	6,961	6,831	4,202	4,539	4,921	2,551	2,882	2,995	2,881	5,523	2,610	2,746	2,624	1,306	-79,358	-77,466	-73,182	1,070	-68,605	-67,793	-70,550	1,009	-72,839	-77,640	-77,147	1,090	-70,330	-69,512	-63,078	931	-65,630	-59,750	-57,842	2,040	-48,430	0	0	2,203	2,810	2,757	2,680	2,649	4,757	4,899	4,589	4,824	5,082	4,951	6,422
Other Non-Current Assets Numbers are in millions	3,302	2,766	306,081	8,022	6,999	4,630	222,279	222,895	220,523	223,373	225,562	221,930	224,143	211,891	215,557	216,232	228,660	230,140	229,894	230,245	230,937	232,437	231,837	231,888	220,975	228,839	230,635	231,547	235,962	13,611	79,827	77,932	73,641	13,565	77,438	76,594	79,374	14,128	81,917	86,724	86,167	12,267	79,556	78,801	72,358	12,851	75,257	69,448	67,370	13,836	58,235	58,531	59,128	14,843	14,819	25,046	14,974	23,299	23,279	23,152	23,628	24,699	25,281	25,634	25,514
Total Non-Current Assets Numbers are in millions	463,837	471,045	505,148	518,154	511,106	487,220	485,441	482,139	466,921	459,687	473,758	436,080	434,441	426,745	450,036	447,093	462,606	455,520	470,822	472,242	468,187	482,957	494,162	493,145	484,158	486,148	498,707	498,048	489,359	461,775	468,356	455,507	452,636	462,165	451,624	449,700	454,810	464,021	467,875	476,536	477,216	469,063	472,430	470,170	465,140	469,414	470,960	465,498	464,052	459,375	456,958	459,743	463,617	421,766	428,762	431,988	423,986	385,061	405,841	408,148	404,844	404,597	407,629	396,365	395,565
Total Assets Numbers are in millions	634,247	664,963	667,459	689,041	667,550	663,573	657,237	644,540	620,481	639,118	640,004	591,493	590,266	594,551	576,843	580,907	602,413	616,349	643,696	616,696	609,079	638,722	645,066	639,320	625,530	639,692	644,835	643,937	630,264	630,628	624,802	606,034	590,797	626,350	592,300	594,877	589,607	620,386	606,050	621,100	606,652	625,437	607,404	603,294	589,996	616,750	597,706	601,110	584,582	597,635	585,006	591,894	581,927	550,784	543,144	557,066	532,904	494,798	499,102	509,554	498,879	506,874	511,904	497,738	501,185
Liabilities & Equity:
Current Liabilities:
Account Payables Numbers are in millions	33,941	38,027	37,605	38,267	35,515	38,717	37,134	35,745	31,962	35,730	33,675	37,594	31,406	33,228	31,428	32,935	30,479	31,927	31,394	32,130	31,236	34,475	34,760	36,012	34,536	35,292	36,313	35,753	34,399	36,530	37,387	36,280	35,802	38,503	38,880	37,878	34,687	36,772	38,357	38,952	33,665	35,534	33,995	34,318	31,712	35,902	34,774	33,186	29,595	32,985	35,125	35,792	30,175	32,354	31,704	33,582	27,242	24,348	24,064	22,960	18,979	20,185	20,681	22,129	21,408
Short Term Debt Numbers are in millions	74,634	60,737	70,508	61,806	59,497	43,317	57,156	53,263	76,036	90,349	94,361	72,683	78,566	65,875	67,384	68,906	96,527	89,013	110,138	116,363	105,252	78,659	78,009	90,642	89,942	80,606	82,088	80,823	97,655	87,249	88,807	78,837	79,061	76,444	66,213	94,829	101,425	95,754	78,684	74,214	72,931	76,513	80,773	99,108	86,052	92,026	96,849	95,117	97,892	116,130	93,737	91,533	77,651	84,269	46,958	50,917	84,108	48,089	63,716	87,041	55,379	46,735	47,011	53,546	65,107
Tax Payables Numbers are in millions	0	0	0	5,173	1,008	5,919	978	1,181	588	890	890	1,086	573	5,577	8,039	7,675	409	727	655	1,008	482	2,414	559	1,087	591	1,527	738	1,124	586	39,610	33,840	25,363	19,247	35,908	21,708	23,487	18,792	40,017	24,380	24,454	18,764	34,326	21,579	23,480	18,850	37,537	23,294	33,754	23,138	37,227	31,724	31,569	23,139	35,520	22,320	21,767	16,900	36,071	22,227	23,901	18,606	36,085	21,509	24,079	19,599
Deferred Revenue Numbers are in millions	0	0	0	0	1,008	5,919	42,198	50,500	0	41,374	0	0	0	56,974	43,270	44,175	36,167	38,847	38,842	36,358	36,881	35,435	42,003	35,466	36,841	35,432	31,317	37,372	38,738	42,699	37,773	27,372	24,072	38,888	25,338	25,282	22,791	42,236	27,532	26,151	22,969	36,441	24,497	24,776	22,921	39,627	26,306	35,144	26,934	39,087	35,219	33,324	27,541	37,638	26,174	23,536	21,710	38,126	24,622	24,857	21,972	37,723	23,918	25,012	22,657
Other Current Liabilities Numbers are in millions	93,081	108,243	88,855	93,334	91,627	103,251	96,205	93,017	89,622	92,546	89,527	84,667	90,721	105,855	77,944	80,499	79,796	94,576	82,616	76,652	80,258	94,924	89,192	91,278	88,013	97,166	91,329	94,302	93,077	56,784	61,908	67,091	63,679	61,268	68,079	66,003	63,255	61,100	70,453	66,710	62,236	65,398	74,589	68,180	72,562	61,843	68,000	58,356	58,767	56,804	80,095	91,176	98,322	60,446	86,801	108,045	72,945	58,535	65,770	69,424	65,429	66,247	83,646	80,008	86,432
Total Current Liabilities Numbers are in millions	201,656	207,007	201,776	198,580	187,647	191,204	191,473	183,206	198,208	219,515	218,453	196,030	201,266	210,535	184,795	190,015	207,211	216,243	224,803	226,153	217,228	210,472	202,520	219,019	213,082	214,591	210,468	212,002	225,717	220,173	221,942	207,571	197,789	212,123	194,880	222,197	218,159	233,643	211,874	204,330	187,596	211,771	210,936	225,086	209,176	227,308	222,917	220,413	209,392	243,146	240,681	250,070	229,287	212,589	187,783	214,311	201,195	167,043	175,777	203,326	158,393	169,252	172,847	179,762	192,546
Non-Current Liabilities:
Long Term Debt Numbers are in millions	163,706	175,847	174,689	192,098	199,097	202,307	194,950	203,539	178,194	172,847	167,100	155,333	156,542	154,193	157,218	162,384	178,234	179,137	184,133	162,744	166,379	179,141	191,542	178,170	170,166	178,978	181,981	189,116	164,345	177,479	149,737	152,858	154,285	171,689	162,250	143,958	138,276	147,272	153,862	169,145	176,274	180,211	171,290	162,054	160,966	165,483	147,940	164,813	164,052	152,722	143,553	144,256	154,697	146,513	156,053	144,409	134,251	133,245	136,280	122,190	155,573	150,059	153,555	135,249	128,685
Deferred Revenue Non-Current Numbers are in millions	0	0	0	0	19,568	19,377	64,050	60,712	0	57,271	0	0	0	46,772	45,604	46,215	48,987	49,309	51,968	53,021	54,701	51,631	53,168	52,638	52,133	57,448	53,215	53,637	53,719	5,492	0	0	0	8,995	0	0	0	7,636	0	0	0	4,510	0	0	0	5,907	0	0	0	7,411	0	0	0	7,505	7,540	7,591	7,648	7,232	7,295	7,383	7,459	7,532	7,585	7,541	7,529
Deferred Tax Liabilities Non-Current Numbers are in millions	16,434	0	22,809	25,471	24,508	21,831	25,429	25,226	22,787	22,007	20,526	20,147	19,782	19,585	18,905	17,885	19,440	19,277	16,857	15,379	15,337	20,125	22,824	20,872	20,910	20,950	25,517	24,613	24,081	21,292	0	0	0	18,804	0	0	0	21,216	0	0	0	22,617	0	0	0	17,805	0	0	0	13,002	0	0	0	12,186	13,818	14,208	14,338	13,455	12,079	12,046	12,126	12,097	12,484	12,320	12,157
Other Non-Current Liabilities Numbers are in millions	67,183	84,952	67,584	68,493	68,121	64,983	301	285	58,281	277	59,793	53,586	52,559	139	2,503	2,555	2,901	2,833	2,791	2,787	2,779	2,828	2,920	2,889	2,936	2,990	2,788	2,774	2,694	27,444	81,225	80,021	79,105	48,360	79,424	77,404	78,510	46,799	83,486	85,700	84,162	46,326	75,927	73,759	73,311	44,883	77,425	75,824	76,279	46,409	74,625	74,696	75,406	47,216	55,456	55,571	55,742	47,178	48,396	48,994	49,652	49,344	49,224	49,269	51,673
Total Non-Current Liabilities Numbers are in millions	247,323	260,799	265,081	286,062	291,726	289,121	284,730	289,762	259,262	252,402	247,419	229,066	228,883	220,689	224,230	229,039	249,562	250,556	255,749	233,931	239,196	253,725	270,454	254,569	246,145	260,366	263,501	270,140	244,839	232,795	230,962	232,879	233,390	247,848	241,674	221,362	216,786	222,923	237,348	254,845	260,436	253,664	247,217	235,813	234,277	234,078	225,365	240,637	240,331	219,544	218,178	218,952	230,103	213,420	232,867	221,779	211,979	201,110	204,050	190,613	224,810	219,032	222,848	204,379	200,044
Total Liabilities Numbers are in millions	448,979	467,806	466,857	484,642	479,373	480,325	476,203	472,968	457,470	471,917	465,872	425,096	430,149	431,224	409,025	419,054	456,773	466,799	480,552	460,084	456,424	464,197	472,974	473,588	459,227	474,957	473,969	482,142	470,556	452,968	452,904	440,450	431,179	459,971	436,554	443,559	434,945	456,566	449,222	459,175	448,032	465,435	458,153	460,899	443,453	461,386	448,282	461,050	449,723	462,690	458,859	469,022	459,390	426,009	420,650	436,090	413,174	368,153	379,827	393,939	383,203	388,284	395,695	384,141	392,590
Equity:
Preferred Stock Numbers are in millions	0	0	0	1	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
Common Stock Numbers are in millions	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,887	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886	53,886
Retained Earnings Numbers are in millions	56,592	65,268	69,053	61,195	49,300	50,828	46,388	37,690	37,493	43,392	45,681	40,285	37,463	44,791	48,059	43,607	25,408	33,459	46,770	40,437	41,201	51,521	51,049	45,968	43,293	46,065	44,748	37,579	36,012	50,022	44,469	39,267	36,737	41,932	37,700	32,895	30,456	35,189	31,001	30,249	29,965	34,913	27,959	23,646	30,774	37,409	33,362	28,077	24,820	31,393	26,638	23,140	21,911	28,741	26,141	22,599	19,281	28,317	20,897	16,859	14,565	20,286	18,070	15,013	12,466
Accumulated Other Comprehensive Income/Loss Numbers are in millions	34,587	37,766	37,620	49,298	45,045	38,629	40,976	40,234	31,869	30,171	34,859	32,541	29,143	25,080	26,340	24,768	92,935	23,369	23,157	22,853	18,044	29,497	25,487	24,191	27,129	22,373	30,083	27,987	27,543	25,275	24,137	22,873	19,159	20,574	14,734	15,099	20,486	24,534	21,918	27,430	25,398	23,137	19,471	16,897	13,568	15,787	14,163	10,111	8,245	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Total Stockholders Equity Numbers are in millions	39,123	39,109	38,981	38,986	38,970	38,971	38,858	38,860	38,859	38,860	38,818	38,820	38,821	38,812	38,813	38,865	39,048	39,066	39,157	39,158	39,164	39,166	39,162	39,164	39,175	39,176	39,194	39,199	39,015	44,283	44,292	44,289	44,293	44,294	44,297	59,410	64,800	68,851	66,262	71,786	69,760	67,503	63,872	61,323	58,161	60,386	58,816	54,794	52,933	46,515	42,990	43,037	43,908	40,666	40,813	42,465	43,054	42,845	42,649	43,447	45,796	44,200	44,034	44,470	42,015
Total Shareholders Equity Numbers are in millions	184,189	196,030	199,541	203,366	187,202	182,315	180,109	170,671	162,108	166,310	173,245	165,533	159,314	162,570	167,099	161,127	145,889	149,781	162,972	156,336	152,297	174,071	169,585	163,210	163,484	161,501	167,912	158,653	156,458	173,466	166,784	160,315	154,074	160,686	150,617	146,191	149,142	157,926	151,149	155,921	153,611	156,302	145,717	138,855	142,821	151,681	146,064	136,757	131,639	131,794	123,514	120,063	119,705	123,293	120,840	118,950	116,221	125,048	117,432	114,192	114,247	118,372	115,990	113,369	108,367
Total Equity Numbers are in millions	185,268	197,157	200,602	204,399	188,177	183,248	181,034	171,572	163,011	167,201	174,132	166,397	160,117	163,327	167,818	161,853	145,640	149,550	163,144	156,612	152,655	174,525	172,092	165,732	166,303	164,735	170,866	161,795	159,708	177,660	171,898	165,584	159,618	166,379	155,746	151,318	154,662	163,820	156,828	161,925	158,620	160,002	149,251	142,395	146,543	155,364	149,424	140,060	134,859	134,945	126,147	122,872	122,537	124,775	122,494	120,976	119,730	126,645	119,275	115,615	115,676	118,590	116,209	113,597	108,595
Total Liabilities & Shareholders Equity Numbers are in millions	634,247	664,963	667,459	689,041	667,550	663,573	657,237	644,540	620,481	639,118	640,004	591,493	590,266	594,551	576,843	580,907	602,413	616,349	643,696	616,696	609,079	638,722	645,066	639,320	625,530	639,692	644,835	643,937	630,264	630,628	624,802	606,034	590,797	626,350	592,300	594,877	589,607	620,386	606,050	621,100	606,652	625,437	607,404	603,294	589,996	616,750	597,706	601,110	584,582	597,635	585,006	591,894	581,927	550,784	543,144	557,066	532,904	494,798	499,102	509,554	498,879	506,874	511,904	497,738	501,185

Sapporo Holdings Limited

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