Japan beer makers' shares fall nearly 4% after cartel raids
Summary
Shares of Japan's major beer makers fell nearly 4% on October 7 after the Japan Fair Trade Commission conducted raids on Kirin Holdings, Asahi Group, Suntory Holdings, and Sapporo Breweries over suspicions of collusion in pricing. The commission is investigating whether these companies, which collectively dominate over 90% of the domestic beer market, formed a cartel by coordinating price increases in April 2022 and October 2022, citing rising raw material costs. The four companies have confirmed the raids and stated their intention to cooperate with the investigation. This action follows similar probes by the Fair Trade Commission into other sectors, including a raid on six Japanese ice cream makers earlier this year for alleged price coordination.
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- https://www.japantimes.co.jp/business/2026/10/07/companies/beer-cartel-ftc/
- https://mainichi.jp/english/articles/20261007/p2a/00m/0bu/006000c
- https://asia.nikkei.com/business/companies/japan-watchdog-probes-4-brewers-over-alleged-beer-price-cartel
- https://www.ad-hoc-news.de/boerse/news/nebenwerte/kirin-stock-falls-2-33-percent-as-jamieson-deal-clears-court-hurdle/70248824
- https://jp.reuters.com/authors/kentaro-okasaka/
- https://www.bbc.co.uk/news/articles/cm5yn3592xk9o
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- https://asia.nikkei.com/business/food-beverage/kirin-s-purchase-of-blackmores-yields-results-3-years-later-president
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- https://www.reuters.com/authors/kentaro-okasaka/
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