Singapore-based fund pressures Sapporo on management reform

3D wants Japanese brewer's outside directors to be more involved in oversight

Sapporo has a holding in Yebisu Garden Palace, but the fund is questioning the synergy between Sapporo's alcoholic beverage and real estate businesses.

TAKASHI OKU, Nikkei staff writer

November 7, 2022 12:52 JST

TOKYO -- 3D Investment Partners, a Singapore-based investment fund, wants more management reform by Japanese brewer Sapporo Holdings, one of its investment targets, Nikkei has learned. The company's five outside directors are being asked to lead efforts to improve Sapporo's profit margins and asset efficiency, which are significantly lower than those of its peers.