3 Major Japan Brewers Report Sales Growth in April-June
Tokyo, Aug. 8 (Jiji Press)--Three of the four major Japanese brewers--Suntory Holdings Ltd., Asahi Group Holdings Ltd. <2502> and Kirin Holdings Co. <2503>--reported rises in their group sales for April-June.
But mainstay beer and quasi-beer products sold well only at Kirin. Others saw their steady soft drink sales and overseas operations make up for their sluggish beer operations.
In the first quarter of fiscal 2017, Suntory's group sales went up 3.3 pct from a year before to 1,189.3 billion yen, helped by brisk sales of its Craft Boss plastic-bottled coffee drinks. The company's sales of beer and quasi-beer products were almost flat.
Shinichiro Hizuka, senior managing director at Suntory, said his company's sales were "affected to a certain extent" by the enforcement of the revised liquor tax law, which restricts excessive discounts on alcoholic beverages.
Asahi saw its group sales increase 7.2 pct to 1,005 billion yen and its group net profit jump 1.5-fold to 60.3 billion yen.
[Copyright The Jiji Press, Ltd.]