Asahi Group Holdings, Ltd. logo

Asahi Group Holdings, Ltd.

2502.T

JPXConsumer DefensiveBeverages - Alcoholic

Latest quote

¥1,675.5

−¥5.00 · -0.30%

Aug 24, 2:43 PM JST

2502.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Asahi Group Holdings, Ltd. is a Japanese conglomerate that globally produces and distributes a wide array of alcoholic and non-alcoholic beverages, along with various food products. The company's business activities are structured across several divisions: Alcohol Beverages, Soft Drinks, Food, Overseas operations, and an "Others" segment. Its alcoholic product range includes imported and non-alcoholic beers, a selection of wines, shochu, whiskey, ready-to-drink options, happoshu, and spirits. For non-alcoholic refreshment, Asahi offers ciders, sparkling waters, coffees, teas, lactic acid drinks, bottled waters, sports drinks, and fruit juices. The food sector encompasses confectionery, health supplements, yeast extracts, infant formula and baby foods, skincare items, and an extensive line of freeze-dried meals such as miso, soups, porridges, and curries. These diverse goods are marketed under numerous well-known brands, including Asahi Super Dry, Mitsuya Cider, Wonda, Calpis, Peroni Nastro Azzurro, and Pilsner Urquell, among many others. In addition to manufacturing, the group operates restaurants and engages in the production of fertilizers, as well as microbiological and biochemical products. Established in Tokyo, Japan, in 1889 as Asahi Breweries, Ltd., the company officially changed its name to Asahi Group Holdings, Ltd. in July 2011.

Industry
Beverages - Alcoholic
Sector
Consumer Defensive
Headquarters
JP
CEO
Atsushi Katsuki
Listed since
Oct 31, 1949
Employees
28,560

Market position

Day range

Current ¥1,675.5

52-week range

Current ¥1,675.5

Open
¥1,671
Previous close
¥1,680.5
Volume
2.23M
0.33× average
Average volume
6.85M
Average daily volume
Market cap
2.45T JPY
Beta
0.16
Market reference 1
50-day average
¥1,611.21
+3.99% above average
200-day average
¥1,632.25
+2.65% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
3.94T JPY
P/E (TTM)
15.23×
P/B (TTM)
0.77×
P/S (TTM)
0.82×
EV / EBITDA
9.25×
Earnings yield
4.96%
Free cash flow yield
-0.76%
Dividend yield
3.10%

Profitability & efficiency

Gross margin
37.90%
Operating margin
8.83%
Net margin
5.40%
Return on equity
4.05%
Return on assets
2.02%
Return on invested capital
3.56%

Financial health

Debt / equity
0.53×
Current ratio
0.57×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%28%14%1%Gross margin, FY2021: 35.12%Gross margin, FY2022: 33.94%Gross margin, FY2023: 33.36%Gross margin, FY2024: 34.51%Gross margin, FY2025: 37.75%Operating margin, FY2021: 10.01%Operating margin, FY2022: 9.71%Operating margin, FY2023: 9.52%Operating margin, FY2024: 9.70%Operating margin, FY2025: 9.09%Net margin, FY2021: 6.86%Net margin, FY2022: 6.04%Net margin, FY2023: 5.93%Net margin, FY2024: 6.53%Net margin, FY2025: 4.20%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 35.12%. Gross margin FY2022 33.94%. Gross margin FY2023 33.36%. Gross margin FY2024 34.51%. Gross margin FY2025 37.75%. Operating margin FY2021 10.01%. Operating margin FY2022 9.71%. Operating margin FY2023 9.52%. Operating margin FY2024 9.70%. Operating margin FY2025 9.09%. Net margin FY2021 6.86%. Net margin FY2022 6.04%. Net margin FY2023 5.93%. Net margin FY2024 6.53%. Net margin FY2025 4.20%.

Income trends

Revenue

2.89T JPY-1.52%

Operating income

263B JPY-7.76%

Net income

121.57B JPY-36.71%
Income trends across reported periods3.22T JPY2.09T JPY966.93B JPY−160.21B JPYRevenue, FY2021: 2.24T JPYRevenue, FY2022: 2.51T JPYRevenue, FY2023: 2.77T JPYRevenue, FY2024: 2.94T JPYRevenue, FY2025: 2.89T JPYOperating income, FY2021: 223.75B JPYOperating income, FY2022: 243.82B JPYOperating income, FY2023: 263.68B JPYOperating income, FY2024: 285.12B JPYOperating income, FY2025: 263B JPYNet income, FY2021: 153.5B JPYNet income, FY2022: 151.56B JPYNet income, FY2023: 164.07B JPYNet income, FY2024: 192.08B JPYNet income, FY2025: 121.57B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.24T JPY. Revenue FY2022 2.51T JPY. Revenue FY2023 2.77T JPY. Revenue FY2024 2.94T JPY. Revenue FY2025 2.89T JPY. Operating income FY2021 223.75B JPY. Operating income FY2022 243.82B JPY. Operating income FY2023 263.68B JPY. Operating income FY2024 285.12B JPY. Operating income FY2025 263B JPY. Net income FY2021 153.5B JPY. Net income FY2022 151.56B JPY. Net income FY2023 164.07B JPY. Net income FY2024 192.08B JPY. Net income FY2025 121.57B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue2.89T JPY2.94T JPY2.77T JPY2.51T JPY2.24T JPY
Cost of goods sold1.8T JPY1.92T JPY1.85T JPY1.66T JPY1.45T JPY
Gross profit1.09T JPY1.01T JPY923.66B JPY852.39B JPY785.24B JPY
Research and development18B JPY17.47B JPY15.09B JPY14.23B JPY
Selling, general, and administrative829.84B JPY711.31B JPY642.51B JPY593.48B JPY547.26B JPY
Operating expenses829.84B JPY729.31B JPY659.98B JPY608.57B JPY561.5B JPY
Interest income21.93B JPY5.45B JPY5.51B JPY953M JPY818M JPY
Interest expense28.52B JPY18.82B JPY14.67B JPY15.67B JPY15.74B JPY
Depreciation and amortization163.09B JPY157.94B JPY147.99B JPY140.42B JPY134.82B JPY
Operating income263B JPY285.12B JPY263.68B JPY243.82B JPY223.75B JPY
Net income121.57B JPY192.08B JPY164.07B JPY151.56B JPY153.5B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 4 misses, 1 met estimate
Average EPS surprise
-2.79%
11 comparable reports
Latest EPS result
52.06
Estimate 45.46 · Beat by 14.52%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates55.1340.6326.1211.62Q1 '25BeatQ2 '25BeatQ3 '25MissQ4 '25MetQ1 '26MissQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 14, 2025: actual 33.87, estimate 33.71, surprise +0.47%, Beat. Q2 2025, reported May 12, 2025: actual 13.92, estimate 13.67, surprise +1.83%, Beat. Q3 2025, reported Aug 7, 2025: actual 25.32, estimate 35.17, surprise -28.01%, Miss. Q4 2025, reported Nov 12, 2025: actual 44.27, estimate 44.27, surprise 0.00%, Met estimate. Q1 2026, reported Mar 10, 2026: actual 31.62, estimate 44.1, surprise -28.30%, Miss. Q2 2026, reported May 22, 2026: actual 14.65, estimate 14.29, surprise +2.52%, Beat. Q3 2026, reported Aug 14, 2026: actual 52.06, estimate 45.46, surprise +14.52%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 46.66, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates897.68B791.17B684.67B578.17BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 14, 2025: actual 746.62B JPY, estimate 753.24B JPY, surprise -0.88%, Miss. Q2 2025, reported May 12, 2025: actual 612.7B JPY, estimate 632.27B JPY, surprise -3.10%, Miss. Q3 2025, reported Aug 7, 2025: actual 746.01B JPY, estimate 737.83B JPY, surprise +1.11%, Beat. Q4 2025, reported Nov 12, 2025: actual 820.27B JPY, estimate 784.92B JPY, surprise +4.50%, Beat. Q1 2026, reported Mar 10, 2026: actual 857.44B JPY, estimate 799.12B JPY, surprise +7.30%, Beat. Q2 2026, reported May 22, 2026: actual 634.7B JPY, estimate 636.9B JPY, surprise -0.35%, Miss. Q3 2026, reported Aug 14, 2026: actual 816.84B JPY, estimate 636.9B JPY, surprise +28.25%, Beat. Q4 2026, reported Nov 5, 2026: actual —, estimate 863.15B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥52.00

2025 complete year+43.1% since 2021

2026 partial: ¥26.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Dec 29, 2026

¥31.00

Semi-Annual

Record Dec 31, 2026 · Payment Dec 29, 2026

Dividend

Ex-dividend Jun 29, 2026

¥26.00

Semi-Annual

Record Jun 30, 2026 · Payment Sep 1, 2026

Dividend

Ex-dividend Dec 29, 2025

¥26.00

Semi-Annual

Record Dec 31, 2025 · Payment Mar 25, 2026

Dividend

Ex-dividend Jun 27, 2025

¥26.00

Semi-Annual

Record Jun 30, 2025 · Payment Sep 2, 2025

Dividend

Ex-dividend Dec 27, 2024

¥27.00

Semi-Annual

Record Dec 31, 2024 · Payment Mar 27, 2025

Dividend

Ex-dividend Jun 27, 2024

¥65.9999

Semi-Annual

Record Jun 30, 2024 · Payment Sep 2, 2024

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