- Core Operating Profit: Asahi Group raises forecast to 287 billion yen from 271 billion yen; previous estimate was 283.45 billion yen.
- Operating Income: New projection at 275.50 billion yen, up from 273.00 billion yen; initial estimate pegged at 286.57 billion yen.
- Net Income: Expected to be 193.00 billion yen, up from 190.50 billion yen; earlier estimate was 202.45 billion yen.
- Net Sales: New forecast at 2.95 trillion yen from 2.84 trillion yen; previous estimate was 2.94 trillion yen.
- Dividend: Anticipated at 141.00 yen per share on a pre-split basis, up from 132.00 yen; estimate was 139.70 yen.
First Half Results
- Core Operating Profit: 115.9 billion yen, surpassing the estimate of 107.35 billion yen.
- Japan Alcohol Beverages: Core operating profit of 44.7 billion yen.
- Japan Non-Alcoholic Beverages: Revenue of 183.2 billion yen.
- Europe: Core operating profit of 42.75 billion yen, higher than the estimate of 37.59 billion yen.
- Oceania: Core operating profit of 41.01 billion yen.
- Southeast Asia: Core operating profit of 687 million yen, above the estimate of 512.9 million yen.
- Net Sales: 1.38 trillion yen, beating the estimate of 1.32 trillion yen.
Second Quarter Results
- Operating Income: 71.54 billion yen, close to the estimate of 71.96 billion yen.
- Net Income: 52.54 billion yen, higher than the estimate of 47.25 billion yen.
- Net Sales: 762.35 billion yen, surpassing the estimate of 730.57 billion yen.
Comments
- Asahi plans to buy back treasury stock up to 1.18%, totaling up to 30 billion yen.
- A 1-to-3 stock split is effective from October 1st.
- The company achieved a 40% dividend payout ratio one year ahead of schedule.
- Excluding the impact of foreign exchange fluctuations, revenue increased by 3.8% and business profit by 6.2% year on year.
Regional Performance
- Japan: Revenue increased by 1.3% year on year to 630,097 million yen, with alcohol beverages leading the growth. Operating profit rose by 6.3% to 56,251 million yen.
- Europe: Revenue jumped by 20.3% year on year to 379,459 million yen, with operating profit up by 23.9% to 42,749 million yen. Excluding foreign exchange impacts, revenue grew by 6.0% and business profit by 11.1%.
- Oceania: Revenue increased by 15.1% year on year to 329,729 million yen. Normalized operating profit was 41,006 million yen, decreasing by 2.9% year on year due to a change in sales mix and higher raw material costs. Excluding foreign exchange impacts, revenue rose by 4.6% while business profit fell by 11.7%.
- Southeast Asia: Revenue went up by 13.6% year on year to 31,713 million yen, with operating profit rising by 41.6% to 687 million yen. Excluding foreign exchange impacts, revenue grew by 6.4% and business profit by 34.3%.
A look at Asahi Group Holdings Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Asahi Group Holdings, known for producing a variety of beverages including beer and non-alcoholic drinks, is positioned for a promising long-term outlook based on the Smartkarma Smart Scores analysis. With strong scores in value, growth, and momentum, the company demonstrates solid fundamentals and potential for future expansion. While the resilience score is slightly lower, indicating some vulnerability, the overall outlook remains positive for Asahi Group Holdings.
The company’s impressive Smart Scores suggest that Asahi Group Holdings is well-positioned to continue its success in the market. With a strong emphasis on value and growth, coupled with positive momentum, Asahi Group Holdings is set to thrive in the long run. Investors can take note of these scores as indicators of the company’s overall health and potential for sustained growth in the beverage industry both in Japan and internationally.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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