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SAPPORO HOLDINGS LTD Announces Sale of Stake in Japan-based Company by Subsidiary; Expects Extraordinary Profit for Q1 of FY 2013

Tuesday, 15 Jan 2013 02:30am EST 

SAPPORO HOLDINGS LTD announced that its Aichi-based subsidiary POKKA SAPPORO FOOD & BEVERAGE LTD. will sell all its 558,240 shares (a 12% stake) in Komeda Co.,LTD., which is engaged in operation of cafes in Aichi, Japan, in mid February 2013. As a result, the Company expects the extraordinary profit of approximately JPY 34 million caused by gain on sale of investment securities, for the first quarter of the fiscal year ending December 2013. 

Company Quote

17.0 +3.26%
19 Dec 2014