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<item><link>http://www.alacrastore.com/storecontent/bir/1198793</link><bir:docid xmlns:bir="http://www.alacra.com/bir">1198793</bir:docid><guid isPermaLink="false">bir/1198793</guid><bir:index_mode xmlns:bir="http://www.alacra.com/bir">norm</bir:index_mode><bir:class xmlns:bir="http://www.alacra.com/bir">9</bir:class><bir:company xmlns:bir="http://www.alacra.com/bir">Sapporo Holdings Ltd.</bir:company><bir:cou xmlns:bir="http://www.alacra.com/bir">Japan</bir:cou><pubDate>29 Oct 2009 07:20:07 EST</pubDate><bir:descr xmlns:bir="http://www.alacra.com/bir">Manufacturing: Brewing of beer; production of wine and spirits and soft drinks; operation of hotels and restaurants; urban development and real estate leasing and management; production of aroma hops and virus free orchids</bir:descr><bir:exch xmlns:bir="http://www.alacra.com/bir">TOKYO</bir:exch><bir:naics xmlns:bir="http://www.alacra.com/bir">312120</bir:naics><bir:revenue xmlns:bir="http://www.alacra.com/bir">K</bir:revenue><bir:sic xmlns:bir="http://www.alacra.com/bir">2082</bir:sic><bir:size xmlns:bir="http://www.alacra.com/bir">G</bir:size><bir:snaics xmlns:bir="http://www.alacra.com/bir">111421</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">111998</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">237210</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">312111</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">312130</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">531190</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">721110</bir:snaics><bir:snaics xmlns:bir="http://www.alacra.com/bir">722110</bir:snaics><bir:ssic xmlns:bir="http://www.alacra.com/bir">0139</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">0181</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2084</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">2086</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">5812</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">6519</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">6552</bir:ssic><bir:ssic xmlns:bir="http://www.alacra.com/bir">7011</bir:ssic><bir:ticker xmlns:bir="http://www.alacra.com/bir">2501</bir:ticker><title>Sapporo Holdings Ltd.</title><description>Manufacturing: Brewing of beer; production of wine and spirits and soft drinks; operation of hotels and restaurants; urban development and real estate leasing and management; production of aroma hops and virus free orchids</description><category>Company Profiles &amp; Financials</category><alacra:ip>Gale Company Profiles</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/ccbn/T2333835</link><ccbn:docid xmlns:ccbn="http://www.alacra.com/ccbn">T2333835</ccbn:docid><guid isPermaLink="false">ccbn/T2333835</guid><ccbn:index_mode xmlns:ccbn="http://www.alacra.com/ccbn">norm</ccbn:index_mode><pubDate>07 Aug 2009 06:11:00 EST</pubDate><ccbn:eventid xmlns:ccbn="http://www.alacra.com/ccbn">2333835</ccbn:eventid><ccbn:headline xmlns:ccbn="http://www.alacra.com/ccbn">Final Transcript of 250100.T earnings conference call or presentation, 4-Aug-09 3:00pm JT</ccbn:headline><ccbn:name xmlns:ccbn="http://www.alacra.com/ccbn">SAPPORO HOLDINGS LIMITED</ccbn:name><ccbn:price xmlns:ccbn="http://www.alacra.com/ccbn">54.0000</ccbn:price><ccbn:revision xmlns:ccbn="http://www.alacra.com/ccbn">Final</ccbn:revision><ccbn:storetitle xmlns:ccbn="http://www.alacra.com/ccbn">SAPPORO HOLDINGS LIMITED Q2 2009 Earnings Presentation - Webcast Transcript</ccbn:storetitle><ccbn:ticker xmlns:ccbn="http://www.alacra.com/ccbn">250100.T</ccbn:ticker><ccbn:time xmlns:ccbn="http://www.alacra.com/ccbn">3:00pm JT</ccbn:time><title>SAPPORO HOLDINGS LIMITED Q2 2009 Earnings Presentation - Webcast Transcript</title><ccbn:type xmlns:ccbn="http://www.alacra.com/ccbn">Transcript</ccbn:type><description>...Editor Good afternoon ladies and gentlemen. This is Takao Murakami. I would like to first thank all the analysts here for finding the time to come over and join us today. Today I will summarize the results of the first six months of #### for the Group, then by segment, before discussing the full year outlook. First the results of the first half of ####. Within our new management framework we are now in the first year of the two-year rolling period of '## and ####. Against the backdrop of a dramatically changing business environment, our efforts to enhance the Group's corporate value have focused on two themes. Leveraging our strengths to develop business and reinforce the earnings base. And on measures to achieve sustainable growth. Indeed the environment has been tougher than expected. Consolidated net sales were down in the first half. But by focusing management resources on mainstay brands and services, and by steady progress in cost structure reforms, we were able to more than offset...

</description><category>Credit &amp; Investment Research</category><alacra:ip>Thomson StreetEvents</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_181872_660400</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_181872_660400</moodys:docid><guid isPermaLink="false">moodys/PR_181872_660400</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><pubDate>27 Jun 2009 12:26:38 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Sapporo Holdings Limited</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Sapporo Holdings Limited</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">660400</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">26 Jun 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Rating Action</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Moody's withdraws Sapporo's Ba1 long-term debt rating</title><description>Global Credit Research Rating Action ## JUN ####   Rating Action: Sapporo Holdings Limited Moody's withdraws Sapporo's Ba# long-term debt rating Approximately JPY ## billion of Long-term Debt Affected Tokyo, June ##, #### -- Moody's...</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/702100</link><guid isPermaLink="false">spcred/702100</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">702100</spcred:docid><description>The latest Summary from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>11 Feb 2009 11:30:00 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Summary: Sapporo Holdings Ltd.</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:type><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Brewers</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Consumer Products</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Summary</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Sapporo Holdings Ltd. (Sappro HD; BB/Stable/--) is striving to enhance its competitiveness in the alcoholic beverage business through its policy to focus management resources on this key market. However, Sapporo Breweries Ltd. (a subsidiary of Sapporo HD; NR) had a market share of only 12.5% in the domestic alcoholic beverage market in 2007, lagging far behind Asahi Breweries Ltd.'s (A-/Stable/--) market share of 37.9% and Kirin Brewery Co. Ltd.'s (a subsidiary of Kirin Holdings Co. Ltd.; A+/Stable/--) 37.8% market share. In recent years, Suntory Ltd. (NR), which ranks fourth in the industry, is gaining market share in the premium beer category by focusing its management resources on high value-added products. The competition for market share in the Premium Beer segment</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">803075</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">30201010 302010 3020 30</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Sapporo Holdings Ltd. (Unsolicited Ratings)</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">322993</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">2501@JP</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">SUMMARY</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CORP</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">LEVFIN</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">Consumer</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/702099</link><guid isPermaLink="false">spcred/702099</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">702099</spcred:docid><description>The latest Full Report from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>11 Feb 2009 09:00:02 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">400</spcred:price><title>Sapporo Holdings Ltd.</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:type><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Japan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Brewers</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Corporations</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Consumer Products</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Full Report</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">Real estate business is a stable revenue source Financial deterioration has been halted due to debt repayments Highly recognized brands in premium beer category Wide gap in market share, trailing behind the two largest players in the core beer, Happo-shu (low-malt beer), and low-priced new genres product markets Low profitability and weak financial profile compared with other Japanese food and beverage manufacturers Non-alcoholic beverage and restaurant businesses have not become profitable Sapporo Holdings Ltd. (Sappro HD; BB/Stable/--) is striving to enhance its competitiveness in the alcoholic beverage business through its policy to focus management resources on this key market. However, Sapporo Breweries Ltd. (a subsidiary of Sapporo HD; NR) had a market share of only 12.5% in the domestic alcoholic</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">JPN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">803075</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">30201010 302010 3020 30</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Sapporo Holdings Ltd. 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