All 4 Major Japan Beer Makers Log Sales Growth in 2022
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2023/02/10358677.jpg)
Cans of beer are seen on shelves in Meguro Ward, Tokyo, in September last year.
16:11 JST, February 16, 2023
TOKYO (Jiji Press) — All of Japan’s four major beer brewers have reported consolidated sales growth in 2022, buoyed by their first price hikes for canned beer products in the country in 14 years.
The growth also reflected a recovery in demand from restaurants and bars following a slump caused by the novel coronavirus crisis.
Last year, the domestic beer and quasi-beer market expanded for the first time in 18 years.
Suntory Holdings Ltd. saw its group net profit grow 19.5% to ¥136.2 billion. Kirin Holdings Co.’s bottom line jumped 85.7% to ¥111 billion.
By contrast, Asahi Group Holdings Ltd.’s net profit fell 1.3% to ¥151.5 billion, chiefly reflecting an impairment loss related to a plant closure.
Sapporo Holdings Ltd. logged a drop of 55.8% to ¥5.4 billion after booking gains from the sale of real estate the previous year.
This year, high raw materials and fuel prices are expected to remain a headache for the industry.
Suntory is bracing for a cost increase of at least ¥90 billion, against ¥100 billion foreseen by Asahi, 50 billion to ¥55 billion by Kirin and ¥12.5 billion by Sapporo.
Still, all four brewers forecast higher revenue and profits, expecting beer sales growth thanks to a beer tax cut in October. They also plan to strengthen their overseas operations.
Suntory President Takeshi Niinami said his company has yet to cover all of its cost increases with price hikes, suggesting that it will consider whether to raise prices further while monitoring the consumer response.
"Business" POPULAR ARTICLE
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japanese Firm Hitachi to Release Vacuum Using AR That Turns Cleaning Into a Game; Stressful Cleaning May Become More Enjoyable
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING