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

ASAHI GROUP HOLDINGS, LTD.

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Asahi : Japan's Asahi withdraws from Calpis soft drink venture in Thailand

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01/29/2020 | 11:43pm EDT

Japanese beverage giant Asahi Group Holdings Ltd. has dissolved its "Calpis" beverage brand joint venture with a major Thai consumer goods maker, Osotspa Public Co., by selling its 60 percent stake to the partner.

Asahi will consign to Osotspa the production and sales in Thailand of its fermented milk-derived soft drink, sold under the "Calpis Lacto" brand in the country.

Products formerly shipped to Vietnam and Myanmar from Thailand will be produced in Indonesia, an Asahi spokesman told NNA on Wednesday.

He said the move is part of a portfolio restructuring, while declining to disclose further details.

According to a document submitted by Osotspa to the Stock Exchange of Thailand on Tuesday, Osotspa takes full ownership of the joint venture, Calpis Osotspa Co., with the acquisition of 4.8 million shares for 270 million baht ($8.7 million) from Asahi's Singaporean arm, Asahi Group Holdings Southeast Asia Pte. Ltd.

Established in 2013 as a marketing and sales company for Asahi's signature soft drink, Calpis Osotspa also started production in 2014. (NNA/Kyodo)

==Kyodo

© Kyodo News International, Inc., source Newswire


Stocks mentioned in the article
ChangeLast1st jan.
ASAHI GROUP HOLDINGS, LTD. 1.17% 3636 End-of-day quote.-27.03%
OSOTSPA 0.79% 32 End-of-day quote.-20.99%
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Financials
Sales 2020 1 997 B 18 929 M 18 929 M
Net income 2020 92 158 M 874 M 874 M
Net Debt 2020 1 884 B 17 866 M 17 866 M
P/E ratio 2020 19,0x
Yield 2020 2,93%
Capitalization 1 730 B 16 415 M 16 407 M
EV / Sales 2020 1,81x
EV / Sales 2021 1,58x
Nbr of Employees 29 327
Free-Float 88,0%
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 4 745,83 JPY
Last Close Price 3 594,00 JPY
Spread / Highest target 53,0%
Spread / Average Target 32,0%
Spread / Lowest Target 8,51%
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Managers
NameTitle
Akiyoshi Koji President, CEO & Representative Director
Naoki Izumiya Chairman
Atsushi Katsuki CFO, Senior MD & Senior Managing Executive Officer
Tatsuro Kosaka Independent Outside Director
Yasushi Shingai Independent Outside Director
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