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aid press release. Contact the distributor directly for inquiries. TOKYO, Dec. 24, 2025 – (BUSINESS WIRE) – PAG, a leading Asia‑based alternative investment firm, KKR, a global investment powerhouse, and Sapporo Holdings Limited announced that their funds have signed definitive agreements to acquire all shares of Sapporo Real Estate Co., Ltd. from Sapporo Holdings. The transaction will be completed in phases over three years, with the first 51% tranche closing on June 1, 2026, ensuring a smooth transition across all sites, including Ebisu, Tokyo, and Sapporo, Hokkaido. For details, see Sapporo Holdings’ disclosure titled “Notice Regarding Transfer of Shares in Connection with the Introduction of External Capital into the Real Estate Business.” With a 140‑year legacy, Sapporo Holdings now concentrates on its core beverage business, planning to divest its real‑estate arm to PAG and KKR and reinvest the proceeds in growth initiatives outlined in its “Group Medium‑to‑Long‑Term Growth Strategy” (Feb. 14, 2025). The move will allow the company to strengthen customer touchpoints and offer healthier options worldwide. Sapporo Real Estate, which manages a diverse portfolio of commercial, office, hotel, and residential properties mainly in Ebisu and Sapporo, will become an independent entity under PAG and KKR. Leveraging their extensive real‑estate expertise and global networks, the new owners aim to sustainably enhance the company’s value and support community‑focused urban development.