Sapporo Holdings Ltd. reported consolidated earnings results for the first quarter ended March 31, 2016. For the period, the company reported net sales of JPY 111.3 billion compared to JPY 108.4 billion a year ago. Operating loss was JPY 1.4 billion compared to JPY 4.3 billion a year ago. Ordinary loss was JPY 2.2 billion compared to JPY 4.5 billion a year ago. Loss before income taxes was JPY 2.6 billion compared to income before income taxes and minority interests of JPY 2.7 million a year ago. Net loss attributable to owners of the parent was JPY 2.0 billion or JPY 5.15 per share compared to net income attributable to owners of the parent of JPY 0.8 billion or JPY 2.26 per share a year ago. EBITDA was JPY 5.0 billion compared to JPY 2.5 billion a year ago.

The company provided consolidated earnings guidance for the year ending December 31, 2016. For the year, the company expects net sales of JPY 565.4 billion, operating of JPY 21.1 billion, ordinary income of JPY 20.2 billion, income before income taxes of JPY 20.2 billion, net income attributable to owners of the parent of JPY 10.5 billion, cash flow from operating activities of JPY 37.1 billion, EBITDA of JPY 49 billion, capital expenditure (cash basis) of JPY 19.5 billion, ROE after goodwill amortization of 6.5%, EPS after goodwill amortization of JPY 26.95.

The company provided dividend guidance for the year ending December 31, 2016. For the year, the company expects to pay year end dividend of JPY 7.00 per share with a full year dividend of JPY 7.00 per share.