Issue of Annual Report 2010

More documents

Recommendations

Info

Feature 2: Management Integration With POKKA CORPORATION POKKA Joins the SAPPORO Group Operating Income (¥ Billion) ¥15.4 ¥20.0 ¥9.0 ¥0.2 ¥1.3 ¥0.5 ¥8.0 ¥0.6 ¥0.7 ¥0.3 POKKA ¥2.4 ¥9.2 ¥10.6 ¥(0.7) ¥(3.0) ¥(0.3) ¥(3.3) 2010 2012 (Target) ¥2.0 ¥24.7 ¥26.3 Net Sales (¥ Billion) ¥23.5 ¥0.6 ¥26.4 POKKA ¥103.9 2012 Total ¥519.5 (Target) ¥290.6 ¥33.9 ¥25.4 2010 Total ¥389.2 ¥279.3 ¥39.8 ¥32.2 ■ Japanese Alcoholic Beverages ■ International Alcoholic Beverages ■ Soft Drinks ■ POKKA ■ Restaurants ■ Real Estate ■ Other Business ■ Corporate Information in the graph for 2010 has been restated here following a change in the structure of segments. (See page 57). 14 SAPPORO HOLDINGS LIMITED Annual Report 2010
In March 2011 Sapporo Holdings acquired 85% of the shares of POKKA CORPORATION, making it a member of the Sapporo Group. This move has allowed the Sapporo Group to reinforce its Soft Drinks and Food business to balance its earnings sources from its Alcoholic Beverages and Real Estate businesses. At the same time, consolidated net sales rose in excess of ¥500 billion. A capital and operational alliance made with POKKA CORPORATION in 2009 produced synergies worth ¥500 million through optimized production systems, joint purchasing operations, shared use of vending machines and other strategies in Japan, as well as international expansion for the Sapporo Group using POKKA CORPORATION (Singapore) Pte Ltd.’s sales channels. We expect the recent management integration to produce even greater synergy benefits. (The targets in the graph do not include our forecast figures for synergy benefits). POKKA CORPORATION Strengths 1. Strengths in the Beverages and Food businesses • Strong market share in beverages containing lemon juice and soups Lemon-based products: No. 1 in homeuse market Soup: No. 2 market share in Japan 2. Expansion Capability in Asia • Among POKKA CORPORATION’s flagship tea-based beverages, its green tea products have around 70% of the market in Singapore, demonstrating the company’s unrivaled brand recognition in Asia. • POKKA CORPORATION operates various restaurants in Hong Kong and Singapore. 3. Number of Vending Machines • Vending machines are a key sales channel covering about 30% of the soft drinks market in Japan • POKKA CORPORATION has about 90,000 vending machines, which added to those of Sapporo make a total of about 120,000 available vending machines Focus Themes 1. Accelerate International Expansion • Accelerate expansion in Asia where both companies are strong • Boost the proportion of overseas sales to total revenue 2. Strengthening Complementary Businesses Domestically • Enhance complementary aspects of soft drink operations • Expand the food business • Expand the restaurants business 3. Combine R&D and Technological Innovations to Create New Value Outline of POKKA CORPORATION Head office: 4-2-29 Sakae, Naka-ku, Nagoya, Aichi, Japan Representative: President & CEO Masatoshi Hori Established: April 11, 1968 (Founded: February 22, 1957) Main businesses: Manufacture and sale of foods and beverages Number of employees (consolidated, as of March 31, 2010): 2,473 Capital: ¥2,376 million Number of issued shares (as of March 31, 2010): 9,487,000 Net sales ¥97,121 million (FY 2010/3) Total assets ¥58,527 million (FY 2010/3) From left: Lemon-based product, Coffee, Soup CAFÉ de CRIÉ SAPPORO HOLDINGS LIMITED Annual Report 2010 15
Page 1 and 2: Our Growth Sapporo Holdings Limited
Page 3 and 4: Sapporo Group Management Plan 2011-
Page 5 and 6: Overseas deployment Vietnam SAPPORO
Page 7 and 8: Net Sales (¥ Million) Operating In
Page 9 and 10: I’d like to take this opportunity
Page 11 and 12: Summary of Management Plan 2010-201
Page 13 and 14: Business Expansion in Soft Drinks a
Page 15 and 16: Question 6 Please describe some of
Page 17: With growth continuing at around 10
Page 21 and 22: Management Plan 2011-2012 Managemen
Page 23 and 24: Management Plan 2011-2012 Managemen
Page 25 and 26: Performance Review and Plan Restaur
Page 27 and 28: Corporate Governance Basic Governan
Page 29 and 30: Compliance The Group has set out th
Page 31 and 32: 6 7 8 9 10 Board of Corporate Audit
Page 33 and 34: Management’s Discussion and Analy
Page 35 and 36: Return on equity (ROE) increased fr
Page 37 and 38: Millions of yen Thousands of U.S. d
Page 39 and 40: Consolidated Statements of Sharehol
Page 41 and 42: Notes to Consolidated Financial Sta
Page 43 and 44: (n) Foreign currency translation Al
Page 45 and 46: 4. Inventories Inventories at Decem
Page 47 and 48: 6. Shareholders’ Equity Retained
Page 49 and 50: (b) Operating leases Future minimum
Page 51 and 52: a) Methods for Determining Market V
Page 53 and 54: (d) The realized gain and loss on s
Page 55 and 56: The assets pledged as collateral fo
Page 57 and 58: The significant components of defer
Page 59 and 60: Year ended or as of December 31, 20
Page 61 and 62: Corporate Data (As of December 31,

Issue of Annual Report 2010

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?