Menu

Post image 1
Post image 2
Post image 3
Post image 4
Post image 5
Post image 6
Post image 7
Post image 8
Post image 9
Post image 10
Post image 11
Post image 12
Post image 13
Post image 14
Post image 15
Post image 16
Post image 17
Post image 18
Post image 19
Post image 20
Post image 21
Post image 22
Post image 23
Post image 24
Post image 25
Post image 26
Post image 27
Post image 28
Post image 29
1 / 29
0

Sapporo halts exports of Pokka brand to Middle East

The Japan Times·Eru Ishikawa·19 days ago
#jCqc0aTG
Reading 0:00
15s threshold

Sapporo Holdings suspended exports of its Pokka brand of beverages to the Middle East as escalating tensions involving Iran heighten concerns about demand. Rising raw material costs, including aluminum, reduced first-quarter profit by about ¥1 billion ($6.33 million), a company spokesperson said Thursday, although those pressures have so far been absorbed through price revisions. Pokka, Sapporo’s flagship soft-drinks brand, is central to its overseas beverages business, with a strong footprint in Southeast Asia and the Middle East. Its product line-up includes tea, coffee and sports drinks. Sapporo expects shipments in the region to resume in October or later, though it cautioned that the outlook remains uncertain. With visibility limited, the brewer left its full-year guidance unchanged, maintaining its operating-income forecast of ¥6 billion, well below analyst expectations of ¥17.7 billion. The company noted that the Middle East situation had only a modest impact on its consolidated first-quarter results.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More