TYO:2502

3 stories mentioning TYO:2502

Every FINWIRES story that references TYO:2502, newest first.

Asahi Group Slashes 2025 Profit Outlook

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.

TYO:2502

Asia24d ago

Asahi Group Sees Flat Interim Dividend for 2026

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.

TYO:2502

Asia45d ago

Market Chatter: Asahi Group Holdings' Purchase of East Africa Breweries Raises Cost Concerns

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.)

TYO:2502