Sapporo Holdings Limited / Sapporo Breweries Ltd.

Sapporo is the smallest of Japan's four major beer groups, but its distinctive feature is a three-pillar structure combining beer—Sapporo Black Label and the premium YEBISU brand—food and beverages through Pokka Sapporo, including lemon products, drinks, and soups, and real estate such as Yebisu Garden Place. Real estate, much of it developed on former brewery sites, is a key pillar that differentiates Sapporo from other beer companies and can provide stable earnings. Students often see it only as a beer company and overlook that it is a diversified group spanning beer, food, and real estate.