The company’s original full-year profit forecast was Y8.2 billion against its 2001 full-year profit figure of 4.4 billion. Sapporo also cut its full-year sales forecast by 5.9% to Y522 billion and its first-half sales forecast by 6.6% to Y257 billion.
JAPAN: Sapporo cuts profit forecast by 74%
Japanese beer goup, Sapporo Breweries Ltd, the country's third largest brewer, has cut its full-year net profit forecast by 74% to Y2.1 billion ($17.62m), blaming declining sales of "happoshu".