Asahi Group (TYO:2502) cut its forecast for profit attributable to owners of parent for 2025 to 120 billion yen from the previous estimate of 167.5 billion yen.
Basic earnings per share are now expected to be 80.24 yen, compared with the earlier projection of 112.74 yen, according to a Tokyo bourse filing on Thursday.
The food and beverage company's revenue is forecast to reach 2.890 trillion yen, down from the prior outlook of 2.950 trillion yen.
The downward revision is primarily attributed to system failures caused by cyberattacks on the company's Japanese operations, which have negatively impacted revenue.
Additionally, higher-than-expected raw material costs, together with impairment losses and expenses related to system disruptions, have further weighed on profitability.