Consumer Non-Durables

Asahi Group Holdings Ltd.

Business Summary

Asahi Group Holdings Ltd. engages in the manufacture and sale of food and beverages. It operates through the following segments: Alcoholic Beverages, Soft Drinks, Food, Overseas, and Others. The Alcoholic Beverages segment sells beer-type beverages, shochu (Japanese distilled beverage), RTD (ready-to-drink) low-alcohol beverages, whisky and spirits, and wines. The Soft Drinks segment offers chilled beverages such as tea-based drinks, coffee, carbonated soft drinks, water, fruit and vegetable drinks, and lactic acid drinks. The Food segment provides confectioneries, pharmaceuticals, supplements, baby products, dried foods, and seasonings. The Overseas segment handles the sale of food and beverage in other countries. The Others segment includes logistics and other businesses. The company was founded on September 1, 1949 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2022	JPY	USD
Revenue	2,511.10B	19,091.86M
Gross Profit	852,389M	6,480.68M
Operating income	243,818M	1,853.73M
Income before tax	205,992M	1,566.14M
Net income	151,555M	1,152.26M
EBITDA	384,237M	2,921.34M
Diluted EPS	299.06	2.27
Dividends Per Share	113	0.85
Total Assets	4,830.34B	36,608.76M
Total liabilities	2,767.39B	20,973.86M
Total equity	2,060.73B	15,618.12M
Operating cash flow	265,991M	2,022.32M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	2,120.29B	2,089.04B	2,027.76B	2,236.07B	2,511.10B
Gross Profit	761,148M	736,259M	683,777M	785,243M	852,389M
Operating income	221,384M	213,760M	173,703M	223,747M	243,818M
Income before tax	207,308M	197,391M	125,399M	199,826M	205,992M
Net income	151,077M	142,206M	92,825M	153,501M	151,555M
EBITDA	330,590M	326,796M	296,980M	358,562M	384,237M
Diluted EPS	329.78	310.41	196.49	302.89	299.06
Dividends Per Share	99	100	106	109	113
Total Assets	3,079.31B	3,140.78B	4,439.37B	4,547.74B	4,830.34B
Total liabilities	1,929.66B	1,892.50B	2,921.56B	2,788.59B	2,767.39B
Total equity	1,146.42B	1,246.31B	1,516.12B	1,757.10B	2,060.73B
Operating cash flow	252,441M	253,469M	275,859M	337,812M	265,991M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	19,198.08M	19,163.67M	18,992.13M	20,351.41M	19,091.86M
Gross Profit	6,891.78M	6,753.99M	6,404.29M	7,146.80M	6,480.68M
Operating income	2,004.51M	1,960.90M	1,626.91M	2,036.41M	1,853.73M
Income before tax	1,877.06M	1,810.74M	1,174.49M	1,818.69M	1,566.14M
Net income	1,367.92M	1,304.51M	869.40M	1,397.07M	1,152.26M
EBITDA	2,993.31M	2,997.83M	2,781.53M	3,263.41M	2,921.34M
Diluted EPS	2.98	2.84	1.84	2.75	2.27
Dividends Per Share	0.89	0.91	0.99	0.99	0.85
Total Assets	28,066.49M	28,900.74M	42,998.47M	39,492.40M	36,608.76M
Total liabilities	17,587.97M	17,414.35M	28,297.35M	24,216.03M	20,973.86M
Total equity	10,449.07M	11,468.26M	14,684.72M	15,258.59M	15,618.12M
Operating cash flow	2,285.71M	2,325.17M	2,583.71M	3,074.56M	2,022.32M

Valuation Measures

Dec 2022
PER	13.77
ROA	3.23%
ROE	7.93%
Operating margin	9.70%
Profit margin	6.03%

Key executives

President, CEO & Representative Director: Atsushi Katsuki
Chief Financial Officer & Director: Kaoru Sakita
Executive Officer & Head-Finance: Shunjiro Sakano
Executive Officer & Head-Global Marketing: Satoshi Mori
Executive Officer & Head-Legal: Yuji Oda

Shareholders

Nomura Asset Management Co., Ltd. (5.9%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.5%)
Asset Management One Co., Ltd. (3.3%)
The Vanguard Group, Inc. (2.6%)
Daiwa Asset Management Co. Ltd. (2.3%)
Nikko Asset Management Co., Ltd. (2.3%)
Dai-ichi Life Holdings, Inc. (2.2%)
Fukoku Mutual Life Insurance Co. (Investment Portfolio) (1.9%)
BlackRock Fund Advisors (1.6%)
Sumitomo Mitsui Financial Group, Inc. (1.5%)

Contact Details

Website:http://www.asahigroup-holdings.com
Address: 1-23-1 Azumabashi, Sumida-Ku, Tokyo, 130-8602, Japan
Phone: +81.3.5608.5126

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Competitors

Molson Coors Beverage Company Class B
Anheuser-Busch InBev SA/NV
Kirin Holdings Company, Limited
Coca-Cola Company
Heineken NV
Carlsberg AS Class B
Top Frontier Investment Holdings, Inc.
San Miguel Food & Beverage, Inc.
San Miguel Corp.
Good Drinks Australia Ltd
Tohbu Network Co., Ltd.
Bluestar Adisseo Co. Class A
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UE Furniture Co., Ltd. Class A

Last Updated on 30 Mar, 2023