Sapporo Shares Fall 6% on Stone Sale

Sapporo Holdings' shares fell up to 6.4% to ¥1,712.5 after announcing sale of Stone Brewing to Firestone Walker and Duvel Moortgat.
The transaction, closing by May, includes all Stone assets except the Escondido brewery and bistro, with an undisclosed purchase price.
Sapporo expects a $23 million gain on transfer but will record about $80 million impairment losses, following a $90 million impairment recorded in early‑2025.
The company will retain its Richmond plant as the U.S. base while exiting Stone Brewing after years of falling demand and costs.