Worth reading
59In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Items stated in the management plan
FormulatedROE-2,016.0pt
基準 2,026Target10％
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).
What happened to the previous planROE target of 8% for 2026, target average annual growth rate for overseas sales, and 2026 target sales volume for SAPPORO PREMIUM BEER → The 8% ROE target was achieved one year ahead of schedule. The 2026 target sales volume for SAPPORO PREMIUM BEER has already been achieved. The target average annual growth rate for overseas sales is expected to remain unmet0.0%Calculated from the two disclosed figures
Total investment planApproximately ¥400–500 billion in total (approximately ¥100 billion in ordinary and sustaining investment plus a growth investment allocation of approximately ¥300–400 billion)
Investment amount by sectorField Ordinary and sustaining investment / Amount Approximately ¥100 billion, Field Growth investment / Amount Approximately ¥300–400 billion (including some investments expected to be made in 2026)
Statements about the use of capital
Payout ratio / DOE policyThe company will use DOE of at least 3% as a guideline and introduce progressive dividends, aiming for DOE of at least 5% by 2030. Total dividends during the new management plan period are expected to be approximately ¥80 billion. The applicable period is the new management plan period through 2030.The payout ratio is the proportion of profit paid out as dividends, while DOE is the ratio of dividends to net assets.
Treasury share acquisition policyThe company will conduct share buybacks flexibly to improve capital efficiency by achieving an appropriate capital level, with total acquisitions of approximately ¥170 billion planned by 2030.
Key initiatives
01Bonds with Community
02Healthier Choice
03Growth investment areas
Plan assumptionsBased on adjusted EPS of ¥51 under the 2026 plan, The growth investment allocation includes some investments expected to be made in 2026
Non-financial targetsIndicator GHG emissions (Scopes 1 and 2) / Target value 42% reduction from 2022 / Timing 2030, Indicator GHG emissions (Scope 3) / Target value 25% reduction from 2022 / Timing 2030, Indicator Percentage of PET containers compatible with a circular economy / Target value At least 50% / Timing 2030, Indicator Communications and experiential activities promoting responsible drinking / Target value At least 30 million cumulative participants / Timing 2030, Indicator Percentage of Female Managers / Target value At least 20% / Timing 2030
Reason for revision or withdrawal
In addition to having built a foundation for the next phase of growth through the previous management plan, the company views growing health awareness and increasingly diverse lifestyles as growth opportunities and will transition to a growth stage focused on creating long-term value.
| Item | Details |
|---|---|
| Plan name | Medium-Term Management Plan 2027–2030 |
| Plan period | 2027–2030 (four-year plan beginning in 2027) |
| Progress against the plan | Formulated |
| ROE target | 8% (financial target for 2026 under the previous management plan) → At least 8.0% (at least 10.0% over the medium to long term) |
| Payout ratio / DOE policy | The company will use DOE of at least 3% as a guideline and introduce progressive dividends, aiming for DOE of at least 5% by 2030. Total dividends during the new management plan period are expected to be approximately ¥80 billion. The applicable period is the new management plan period through 2030. |
| Treasury share acquisition policy | The company will conduct share buybacks flexibly to improve capital efficiency by achieving an appropriate capital level, with total acquisitions of approximately ¥170 billion planned by 2030. |
| Total investment plan | Approximately ¥400–500 billion in total (approximately ¥100 billion in ordinary and sustaining investment plus a growth investment allocation of approximately ¥300–400 billion) |
| Investment amount by sector | Field Ordinary and sustaining investment / Amount Approximately ¥100 billion, Field Growth investment / Amount Approximately ¥300–400 billion (including some investments expected to be made in 2026) |
| Non-financial targets | Indicator GHG emissions (Scopes 1 and 2) / Target value 42% reduction from 2022 / Timing 2030, Indicator GHG emissions (Scope 3) / Target value 25% reduction from 2022 / Timing 2030, Indicator Percentage of PET containers compatible with a circular economy / Target value At least 50% / Timing 2030, Indicator Communications and experiential activities promoting responsible drinking / Target value At least 30 million cumulative participants / Timing 2030, Indicator Percentage of Female Managers / Target value At least 20% / Timing 2030 |
| Plan assumptions | Based on adjusted EPS of ¥51 under the 2026 plan, The growth investment allocation includes some investments expected to be made in 2026 |
| Key initiatives | Bonds with Community, Healthier Choice, Growth investment areas |
| Results under the previous plan | ROE target of 8% for 2026, target average annual growth rate for overseas sales, and 2026 target sales volume for SAPPORO PREMIUM BEER → The 8% ROE target was achieved one year ahead of schedule. The 2026 target sales volume for SAPPORO PREMIUM BEER has already been achieved. The target average annual growth rate for overseas sales is expected to remain unmet |
| Reason for revision or withdrawal | In addition to having built a foundation for the next phase of growth through the previous management plan, the company views growing health awareness and increasingly diverse lifestyles as growth opportunities and will transition to a growth stage focused on creating long-term value. |
| Date of board resolution | 7 August 2026 |
| Publication date | 7 August 2026 |
Items this document does not state (10)
Sales TargetOperating profit targetOperating profit margin targetNet income targetROIC targetCost of capitalSelf-assessment of PBR and share priceSegment targetSize of the Target MarketRisks identified
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.Under the previous management plan, structural reforms in Japan and the strategy of focusing on beer proved successful, enabling the company to build a foundation for the next phase of growth. The company also views growing health awareness and increasingly diverse lifestyles as growth opportunities and aims to create long-term value.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.