6 stories mentioning TYO:2502Updated 26d ago
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Asahi Group (TYO:2502) has an average rating of overweight and mean price target of 1,990 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)
Japanese shares closed in the red, as investors took a cautious stance amid the rise in oil prices due to the resurgence of unrest in the Middle East.Benchmark Nikkei 225 closed down 1,437.91 points or 2.11% at 66,819.05.Tensions in the Middle East flared up again after the US launched renewed airstrikes in Iran and revoked a waiver which permitted it to sell oil globally, after a series of attacks on vessels in the Strait of Hormuz.Sentiment around tech stocks was also hit by SpaceX's Tuesday entry into the Nasdaq 100, adding to sector volatility.Back home, Japan's current account surplus rose to 3.968 trillion yen in May, from 3.321 trillion yen a year earlier and from a surplus of 3.908 trillion yen in April, the Ministry of Finance said in a Wednesday release.Also, survey data released by the Cabinet Office showed that the economic sentiment among Japan's street-level workers improved marginally in June but remained in the pessimistic territory.On the corporate side, Asahi Group's (TYO:2502) profit attributable to owners of the parent fell 36.7% to 121.57 billion yen for the year ended December 2025, from 192.08 billion yen a year earlier. Earnings per share declined year-on-year to 81.29 yen from 126.66 yen, according to a Tokyo bourse filing on Wednesday.Also, Starzen Company (TYO:8043) said its Starzen Higashi Ogishima Center in Kawasaki City, Japan, has been completed and is scheduled to start operations on Aug. 17.
Asahi Group (TYO:2502) has entered into a franchise agreement with the beverage bottling company Varun Beverages (NSE:VBL, BOM:540180) to launch its CALPIS brand in India, according to a Thursday release.The Japan-based food and beverage company said that under the deal, its ready-to-drink dairy-based product will be launched in two flavors in the second half of 2026 or later.Asahi will oversee product development and provide technical support, while Varun Beverages will handle manufacturing, distribution, and sales.
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.
Asahi Group's (TYO:2502) expects to pay an interim dividend forecast of 26 yen per share for 2026, unchanged from last year, according to a Friday filing with the Tokyo bourse.Due to ongoing delays in finalizing 2025 consolidated results caused by a cyberattack in September 2025, the company has opted to keep the interim dividend at the prior year's level.The forecast for the year-end dividend will be decided once the company's consolidated financial position and full-year results are finalized.
Asahi Group Holdings' (TYO:2502) big bet on East Africa Breweries could be a costly move, raising investor concerns, Nikkei Asia reported Friday.The Japanese beverage company's planned acquisition of the Tusker beer producer entails an enterprise value-to-EBITDA ratio of 17, higher than comparable deals that occurred instead in advanced economies, the report said.The planned purchase also casts doubts on the company's plans for shareholder returns, as it has remaining shares to repurchase in line with its acquisition of Australia-based Carlton & United Breweries in 2020, according to Nikkei.The company is also still grappling with the impact of a cyberattack that disrupted its shipments for months, the report said.Asahi looks to acquire 65% in the East Africa Breweries for $3 billion in an effort to hold a major share in the African market, the report said.The deal's success would hinge partly on the strength of the elephant-branded Tusker beer, which is widely recognized in the region, the report said.Asahi will draw experience from previous large-scale deals in various locations, with no major drawdowns and robust overseas operations serving as anchors, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
