Japan's Big Three Brewers Post Revenue Gains, Kirin Holdings Lifts Full-Year Forecast

Earnings

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Summary · why it matters

Japan's three major beer companies have released their consolidated results for the first half of the fiscal year ending June 2026, with Suntory Holdings, Sapporo Breweries, and Kirin Holdings all reporting higher revenue. Kirin Holdings raised its full-year forecast, with revenue reaching a record high. At Suntory Holdings, core domestic brands and the new product Guilty Carbonated NOPE contributed to growth, but inflation in the United States led to sluggish consumption among low- and middle-income earners, causing overseas alcoholic beverage operating profit to fall 24.6 percent year on year. Sapporo Breweries saw strong beer sales both at home and abroad, with particularly notable growth in Asian markets.