The company has decided to rename the consolidated subsidiary, Yebisu Garden Place Co, as Sapporo Real Estate Co.
In order to strengthen competitive edge and enhance corporate value under severe market competition, Sapporo Holdings believes it is best to integrate food and beverage business lines and face challenges as a new company and thus made the decision to integrate Sapporo Beverage Co and Pokka Corporation.
Sapporo Holdings is determined to develop the food and beverage business lines into an essential business pillar in the Group comparable to alcoholic beverage and real estate business lines and establish a new food value creation group that can offer products to every generation with a target of 170bn yen in sales and 8.5bn yen in operating income in 2016.
Source: Sapporo
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