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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 JPYUSD
Gross Profit852,389M6,480.68M
Operating income243,818M1,853.73M
Income before tax205,992M1,566.14M
Net income151,555M1,152.26M
Diluted EPS299.062.27
Dividends Per Share1130.85
Total Assets4,830.34B36,608.76M
Total liabilities2,767.39B20,973.86M
Total equity2,060.73B15,618.12M
Operating cash flow265,991M2,022.32M
Currency in JPYCurrency in USD

Historical Data

 Dec 2018Dec 2019Dec 2020Dec 2021Dec 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 2018Dec 2019Dec 2020Dec 2021Dec 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
Operating margin9.70%
Profit margin6.03%

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


  • 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

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Last Updated on 30 Mar, 2023

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