Asahi Group Holdings,Ltd. ( (ASBRF) ) has released its Q4 earnings. Here is a breakdown of the information Asahi Group Holdings,Ltd. presented to its investors.
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Asahi Group Holdings, Ltd. is a prominent Japanese company specializing in the beverage industry, renowned for its extensive range of alcoholic and non-alcoholic beverages, with a significant presence in international markets.
Asahi Group Holdings recently released its financial results for the fourth quarter of fiscal year 2024, showcasing a solid performance with increases in key financial metrics compared to the previous year.
The company reported a profit before tax of 266,990 million yen, which marks a 10.4% increase from the previous year. The adjusted profit attributable to owners of the parent rose by 10.5%, reaching 182,977 million yen. Revenue showed a steady growth of 2.1% on a constant currency basis, while the core operating profit improved by 3.7% year over year. Additionally, Asahi conducted a 3-for-1 common stock split in October 2024, impacting dividend calculations.
Asahi’s strategic focus on expanding its international footprint is evident in the increased revenue contributions from Europe and Oceania. Despite facing challenges such as increased costs of sales, the company managed to enhance its gross profit to 1,097,681 million yen from 998,933 million yen the previous year.
Looking ahead, Asahi Group Holdings maintains a cautiously optimistic outlook for fiscal 2025, forecasting a modest increase in revenue and core operating profit, while continuing to navigate potential market uncertainties.
