Asahi Group Holdings,Ltd., July-September (3Q) Net Income Decreases by 6%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Nov 14, 2024 3:30 pm JST Earnings

2502 Asahi Group Holdings,Ltd. 【IFRS】

Earnings Report

Asahi Group Holdings,Ltd. <2502> [TSE-P] announced its financial results (based on IFRS) after the market closed on November 14th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 4.7% from the same period last year, reaching 139 billion yen. However, The progress rate against the 193 billion yen full-year plan was 72.2%, also falling below the five-year average of 79.8%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the October to December period (4Q) is expected to expand by 73.0% from the same period last year, reaching 53.6 billion yen.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 62.9 billion yen, a 6.4% decrease compared to the same period last year. The operating profit margin decreased from 12.1% in the same period last year to 11.3%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,849,944	163,552	155,952	114,468	75.3	75.7	Nov 10, 2022	IFRS
Jan - Sep, 2023	2,023,004	189,393	185,355	133,034	87.5	76.6	Nov 10, 2023	IFRS
Jan - Sep, 2024	2,167,952	193,480	190,850	139,318	91.7	70.7	Nov 14, 2024	IFRS
YoY	+7.2%	+2.2%	+3.0%	+4.7%	+4.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	1,516,091	148,927	149,368	98,275	64.7	21.66	Feb 13, 2024	IFRS
Jul - Dec, 2024 Guidance	1,571,034	171,400	167,052	116,634	77.6	25	Aug 7, 2024	IFRS
YoY	+3.6%	+15.1%	+11.8%	+18.7%	+20.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	2,511,108	217,048	205,992	151,555	99.7	37.67	Feb 14, 2023	IFRS
Dec, 2023	2,769,091	244,999	241,871	164,073	107.9	40.33	Feb 13, 2024	IFRS
Dec, 2024 Guidance	2,950,000	275,500	270,000	193,000	128.4	47	Aug 7, 2024	IFRS
YoY	+6.5%	+12.4%	+11.6%	+17.6%	+19.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	770,004	93,321	92,852	67,236	44.2	12.1	Nov 10, 2023	IFRS
Oct - Dec, 2023	746,087	55,606	56,516	31,039	20.4	7.5	Feb 13, 2024	IFRS
Jan - Mar, 2024	616,614	32,558	31,480	23,830	15.7	5.3	May 14, 2024	IFRS
Apr - Jun, 2024	762,352	71,542	71,468	52,536	34.6	9.4	Aug 7, 2024	IFRS
Jul - Sep, 2024	788,986	89,380	87,902	62,952	41.4	11.3	Nov 14, 2024	IFRS
YoY	+2.5%	-4.2%	-5.3%	-6.4%	-6.4%