In our 2016 forecasts, comparisons with 2015 results are based on adjusted figures that reflect the changes in the components of our reportable business segments.
Starting with sales, we expect the Foods Business' regeneration of unprofitable business and the negative impact of a stronger yen to reduce Overseas Business sales by about a 21.7 billion yen. Both businesses' sales are expected to decrease in 2016. However, we expect that negative to be more than offset by sales growth at our Alcoholic Beverages and Soft Drinks businesses, which we expect to strengthen core brands and nurture the growth of new products. We are targeting year-on-year sales growth of about 12.6 billion yen to 1,870.0 billion yen.
Turning to operating income, we expect to achieve steady growth at the Alcoholic Beverages and Soft Drinks businesses, driven by higher sales volumes and more cost-effective operations as we hold down costs, including raw material costs. However, both businesses will boost spending on advertisement and sales promotions to strengthen brand power.
The Foods Business is also targeting profit growth, as it plans to offset the negative impact of lower sales and one-off business integration costs by seeking greater synergies in raw material procurement.
Meanwhile, Overseas Business profits are expected to increase 17% on a local currency basis on strengthening of brand power and synergies to compensate for rising raw material costs caused by weak local currencies. The stronger yen is expected to reduce repatriated profits by about 1.6 billion yen, resulting in a 0.8 billion yen or 6% increase in segment operating income.
Holding company expenses which are included in adjustments, are expected to include a 2.1 billion yen increase in expenditures related to the cost of shifting functions required by business integration and in R&D expenses related to the development of foods with function claims. However, goodwill amortization costs are expected to decline 1.3 billion yen on the absence of impairment losses and the strong yen in 2015. Factoring in the above, we forecast that consolidated operating income in 2016 will increase by 1.9 billion yen to 137.0 billion yen.