Investing.com -- Sapporo Holdings, a Japanese brewery group, has announced plans to return a portion of the expected proceeds from the upcoming sale of its real estate assets to its shareholders. This was revealed by Hiroshi Tokimatsu, the new president of the company, in a recent interview with Nikkei .

Tokimatsu stepped into the role of president in March, succeeding Masaki Oga, who has now been appointed as a special advisor. Prior to his current role, Tokimatsu oversaw Sapporo’s real estate business. The decision to return funds to shareholders underscores the company’s shift away from its heavy reliance on real estate holdings.

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