Asahi Group Holdings, Ltd.
2502・Prime Market・Foods
Japan
The group's largest segment, overseeing domestic alcoholic beverages, soft drinks, food, pharmaceuticals, and East Asia
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue | ¥1,327,191 million | ¥1,378,064 million | ↓ |
| Segment profit (operating profit) | ¥62,584 million | ¥133,561 million | ↓ |
| Business profit | ¥111,623 million | ¥133,561 million (reference) | ↓ |
| Business profit margin on revenue | 8.4% | 9.7% (reference) | ↓ |
| Depreciation and amortization | ¥54,912 million | ¥52,880 million | ↑ |
| Impairment loss | ¥12,488 million | ¥5,318 million | ↑ |
Business Details
This segment integrates the manufacturing and sales of alcoholic beverages, soft drinks, food products, and pharmaceuticals under subsidiaries such as Asahi Breweries, Ltd. (beer-type beverages/RTD), Nikka Whisky Distilling Co., Ltd. (spirits), Asahi Soft Drinks Co., Ltd./CALPIS Co., Ltd. (beverages), and Asahi Group Foods, Ltd. (food/supplements). From FY2025 the segment was reclassified to also include East Asia (China, etc.). It is the group's core segment, accounting for approximately 45.8% of consolidated revenue.
Recent Overview
A cyberattack-induced system outage caused sharp declines in both revenue and business profit
A cyberattack that occurred on September 29, 2025 halted Japan's order-receiving and shipping systems, leading to a significant decline in revenue and profit in the fourth quarter. Revenue fell 3.7% year on year to ¥1,327,191 million, and business profit declined 16.1% year on year to ¥111,623 million. Despite efforts to implement price revisions and various cost efficiencies, the effects of the system outage, increased raw material costs, and the impact of the withdrawal from the restaurant business combined to sharply reduce segment profit (operating profit) by 53.1% year on year to ¥62,584 million. Impairment losses also expanded to ¥12,488 million, approximately 2.3 times the prior year.
Key Products
Growth Drivers
- Recovery and strengthening of earning power following the cyberattack, along with restructuring of business operations
- Enhancement of the Super Dry brand value (strengthened advertising and promotion emphasizing "coldness") and expansion of canned products for premium beers such as Peroni
- Expansion of new value categories such as RTD and alcohol-taste beverages (Smart Drinking)
- Strengthening of the coffee category and growth of the soft drinks business through the full renewal of the Wonda brand
- Expansion of the food business, building on the Mintia brand's record sales
- Enhanced presence in East Asian markets (China, etc.) through expanded sales of global brands
- Strengthened management foundation through cross-business synergy creation, supply chain optimization, and human capital enhancement
Risks
- Risk of recurring cyberattacks and the cost burden of system recovery and prevention measures
- Continued downward pressure on business profit from rising raw material costs
- Structural decline in revenue due to withdrawal from the restaurant business
- Changes in domestic consumer purchasing behavior and increased frugality amid rising prices
- Risk of impairment losses (¥12,488 million recorded in FY2025, approximately 2.3 times the prior year)
- Geopolitical and economic slowdown risks in the East Asian (China) market
Last updated: March 27, 2025