Asahi Group, 8% Decrease in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 2 yen, This Fiscal Year to Increase Dividend

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Fri Feb 14, 2025 12:00 pm JST Earnings

2502 Asahi Group Holdings,Ltd. 【IFRS】

Earnings Report

Asahi Group Holdings,Ltd. <2502> [TSE Prime] announced its financial results (based on IFRS) at noon (12:00) on February 14th. The consolidated net income for the fiscal year ending December 2024 increased 17.1% from the previous period to 192 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 7.6% from the previous period to 177 billion yen.

At the same time, the company increased the annual dividend for the previous term from 91 yen to 93 yen (compared to 121 yen before the 3-for-1 forward stock split in the previous term), and the annual dividend for this fiscal year is 52 yen, taking into account the previous year's forward stock split, this dividend represents an actual increase of 6.1%.

In the most recent three-month period, from October to December (4Q), the consolidated net income increased 70.0% from the same period last year, reaching 52.7 billion yen. The operating profit margin improved from 7.5% in the same period last year to 9.8%.

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Actual Results

Historical Performance

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	2,939,422	269,052	266,990	192,080	126.7	49	Feb 14, 2025	IFRS
YoY	+6.2%	+9.8%	+10.4%	+17.1%	+17.3%

Full Year Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Guidance	2,950,000	275,500	270,000	193,000	128.4	47	Aug 7, 2024	IFRS
Dec, 2024 Results	2,939,422	269,052	266,990	192,080	126.7	49	Feb 14, 2025	IFRS
Revision Rate	-0.4%	-2.3%	-1.1%	-0.5%	-1.4%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jan - Jun, 2024	1,378,966	104,100	102,948	76,366	50.2	22	Aug 7, 2024	IFRS
Jan - Jun, 2025 Guidance	ー	ー	ー	ー	－	26	Feb 14, 2025	IFRS
YoY	－	－	－	－	－

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2023	2,769,091	244,999	241,871	164,073	107.9	40.33	Feb 13, 2024	IFRS
Dec, 2024	2,939,422	269,052	266,990	192,080	126.7	49	Feb 14, 2025	IFRS
Dec, 2025 Guidance	2,970,000	262,000	251,000	177,500	118.1	52	Feb 14, 2025	IFRS
YoY	+1.0%	-2.6%	-6.0%	-7.6%	-6.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
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
Oct - Dec, 2024	771,470	75,572	76,140	52,762	34.8	9.8	Feb 14, 2025	IFRS
YoY	+3.4%	+35.9%	+34.7%	+70.0%	+70.4%