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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Asahi Group Holdings, Ltd.    2502   JP3116000005

ASAHI GROUP HOLDINGS, LTD.

(2502)
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End-of-day quote. End-of-day quote Tokyo Stock Exchange - 02/21
4800 JPY   -0.50%
02/14ASAHI GROUP HOLDINGS, LTD. : Annual results
CO
02/14ASAHI GROUP HOLDINGS, LTD. : Slide show results
CO
02/13ASAHI : Monthly Sales Results (Jan. 2020)
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Asahi : Japan's Asahi says Korean boycott cost it 3 billion yen last year

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02/13/2020 | 02:24am EST
FILE PHOTO: The logo of the Asahi Breweries

Japanese beer and beverage maker Asahi Group Holdings said a South Korean consumer boycott of Japanese goods cost it around 3 billion yen ($27.32 million) last year.

"The impact is continuing in the current year," Atsushi Katsuki, a senior Asahi executive told reporters. In addition to lost sales, the company was having to dispose of unsold beer which were past their expiry dates, he said.

Tensions between the two countries escalated after a South Korean court in 2018 ordered Japanese companies to compensate Koreans who were forced to work for Japanese occupiers during World War Two. Japan later retaliated by restricting exports of high-tech materials to South Korea.

Before the boycott, South Korea had bought 61% of Japanese beer exports. Asahi Super Dry was the most popular import brand in South Korea, according to Euromonitor.

Asahi Group's operating profit in 2019 fell 4.9% from a year earlier to 201 billion yen, hit also by a higher yen. The company expects a 1% rise to 203 billion yen in the current year, missing the market's forecast for 242 billion yen, according to Refinitiv data.

(Reporting by Ritsuko Ando; Editing by Kim Coghill and Shounak Dasgupta)

Stocks treated in this article : Asahi Group Holdings, Ltd., Asahi Co., Ltd.
Stocks mentioned in the article
ChangeLast1st jan.
ASAHI CO., LTD. -3.08% 1226 End-of-day quote.-2.31%
ASAHI GROUP HOLDINGS, LTD. -0.50% 4800 End-of-day quote.-0.06%
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Financials (JPY)
Sales 2020 2 224 B
EBIT 2020 239 B
Net income 2020 167 B
Debt 2020 1 319 B
Yield 2020 2,23%
P/E ratio 2020 13,6x
P/E ratio 2021 12,4x
EV / Sales2020 1,58x
EV / Sales2021 1,50x
Capitalization 2 199 B
Chart ASAHI GROUP HOLDINGS, LTD.
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Asahi Group Holdings, Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends ASAHI GROUP HOLDINGS, LTD.
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 5 976,67  JPY
Last Close Price 4 800,00  JPY
Spread / Highest target 38,5%
Spread / Average Target 24,5%
Spread / Lowest Target 8,33%
EPS Revisions
Managers
NameTitle
Akiyoshi Koji President, CEO & Representative Director
Naoki Izumiya Chairman
Atsushi Katsuki Chief Financial Officer & Managing Director
Tatsuro Kosaka Independent Outside Director
Yasushi Shingai Independent Outside Director
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