Sapporo Holdings to tap property sale proceeds for shareholder returns

Brewery group too dependent on real estate holdings, says new president

20250414N Yebisu Garden Place

Sapporo Holdings' real estate business includes the Yebisu Garden Place commercial complex in Tokyo. (Photo by Manami Yamada)

SEI MATSUMOTO and YUIYA SHIBATA

TOKYO -- Japanese brewer Sapporo Holdings will return to shareholders part of the proceeds expected from the planned sale of the group's real estate assets, its new president told Nikkei in an interview.

Hiroshi Tokimatsu assumed the role of president of Sapporo Holdings in March, taking over from Masaki Oga, who was named special adviser. Tokimatsu's resume includes a stint as head of Sapporo's real estate business.

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