Asahi Group
Logotype for Asahi Group Holdings Ltd

Asahi Group (2502) investor relations material

Asahi Group Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Asahi Group Holdings Ltd
Q3 2025 earnings summary10 Mar, 2026

Executive summary

  • Revenue for the first nine months of FY2025 was JPY 2,154.8 billion, with core operating profit at JPY 202.4 billion; Europe and Asia Pacific segments reported lower-than-expected revenue, but core operating profit was in line with plan.

  • Profit attributable to owners of parent dropped 26.2% YoY to JPY 102.8 billion, impacted by lower operating profit and higher interest rates.

  • Consolidated operating profit contracted 18.0% YoY, mainly due to impairment losses in East Asia and Southeast Asia alcohol beverages and system disruption expenses.

  • Segment reporting was revised to "Japan & East Asia," "Europe," and "Asia Pacific."

Financial highlights

  • Revenue for 9M 2025 rose 0.6% YoY to JPY 2,154.8 billion, driven by price revisions in Japan & East Asia and increased non-alcohol beverage sales in Asia Pacific.

  • Core operating profit decreased 4.6% YoY to JPY 202.4 billion, with cost efficiencies in Europe offset by declines in Japan & East Asia and higher companywide expenses.

  • Operating profit dropped 18.0% YoY to JPY 158.7 billion, reflecting impairment losses and system disruption costs.

  • EBITDA for the nine-month period decreased 3.7% YoY to JPY 304.3 billion.

  • Adjusted profit attributable to owners of parent fell 9.9% YoY to JPY 126.6 billion.

Outlook and guidance

  • Full-year 2025 revenue forecast at JPY 2,950.0 billion (+0.4% YoY), with core operating profit expected at JPY 290.0 billion (+1.7% YoY).

  • Operating profit is projected to decrease 5.2% to JPY 255.0 billion, and profit attributable to owners of parent to fall 12.8% to JPY 167.5 billion.

  • Adjusted profit attributable to owners of parent is forecast at JPY 177.5 billion, down 3.0% YoY.

  • Free cash flow is expected to decrease significantly to JPY 130.0 billion from JPY 306.0 billion in the prior year.

  • Japan & East Asia revenue forecast to grow 3.3% YoY, core operating profit to rise 5.5% YoY; Europe revenue expected to decline 0.7% YoY but core operating profit to increase 3.2% YoY; Asia Pacific revenue forecast to grow 4.4% YoY, core operating profit to rise 2.3% YoY.

Drivers for the 2025 free cash flow drop
Analyze the 9M 2025 impairment loss impact
Explain the 2025 dividend payout ratio increase
Quantify system disruption impact on FY25
Explain East Asia alcohol impairment drivers
Europe earnings structure reform progress
Partial view of Summaries dataset, powered by Quartr API
AI can get things wrong. Verify important information.
Research faster. Power your platform.

Next Asahi Group earnings date

Logotype for Asahi Group Holdings Ltd
Q4 202520 Mar, 2026
Asahi Group
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Asahi Group earnings date

Logotype for Asahi Group Holdings Ltd
Q4 202520 Mar, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Asahi Group Holdings Ltd is a beverage and food company producing alcoholic beverages, soft drinks, and food products. The company sells its products globally. It is headquartered in Tokyo, Japan, and its shares are listed on the TSE.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage