The Japan Fair Trade Commission conducted raids on multiple major breweries in the country, targeting Japan’s largest beer manufacturers on suspicion of coordinating price increases. Asahi and Kirin confirmed their facilities were searched and stated they would cooperate fully with authorities. Media reports indicated that Sapporo Breweries and Suntory Spirits also faced similar actions, though both companies were contacted for comment.
According to reporting, the investigation focuses on price increases announced by the companies in April last year and in October 2022. All four firms cited rising costs of raw materials, energy expenses, and transportation challenges to justify the increases at the time. However, authorities are examining whether the companies worked together to raise prices rather than making independent pricing decisions.
Kirin Holdings indicated its subsidiary, Kirin Brewery Company, was searched on suspicion of violating the Antimonopoly Act. The company stated it takes the matter seriously and pledged cooperation with the investigation. Asahi Breweries similarly confirmed it was under investigation for a suspected violation of the Act on Prohibition of Private Monopolization and Maintenance of Fair Trade, and committed to providing full cooperation.
The stock prices of Asahi, Kirin, and Sapporo declined following public disclosure of the investigation. Suntory remains privately held and therefore not subject to stock market fluctuations from the news. Kirin Holdings noted that the financial impact of the investigation had not yet been determined and committed to disclosing material developments promptly.
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