AsahiASAHI GROUP HOLDINGS,LTD.2502東証プライム食料品FY ending Dec 2025, consolidated, IFRS

Asahi FY ending Dec 2025 results

About 46% of Asahi's sales come from Japan East Asia, with Asia Pacific and Europe making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed -1.5% from the prior year, operating profit -30.9%.

Revenue and profit pattern

Revenue and profit down

Revenue -1.5% · profit -30.9%, calculated from disclosed figures.

Operating leverage: 20.31× (profit growth ÷ revenue growth)

What changed from last year

FY ending Dec 2024 → FY ending Dec 2025

Revenue
-1.5%¥2.94T → ¥2.89T
Gross profit
-0.4%¥1.1T → ¥1.09T
Operating income
-30.9%¥269.1B → ¥185.9B
Net income attributable to owners
-36.7%¥192.1B → ¥121.6B
Operating cash flow
-74.0%¥403.7B → ¥104.8B
Free cash flow
-118.7%¥267.5B → -¥49.9B

Results at a glance

  • Revenue for the FY ending Dec 2025 dipped 1.5%, from ¥2.94T to ¥2.89T.
  • Profit fell much harder: operating income dropped 30.9% to ¥185.9B, and net income attributable to owners fell 36.7% to ¥121.6B.
  • Operating cash flow shrank 74.0% to ¥104.8B, and free cash flow turned negative at -¥49.9B.

What drove the change

  • A cyberattack in Japan shut down the ordering and shipping systems, limiting product supply. The company says only systems managed in Japan were hit, not Europe or Asia Pacific.
  • In Japan East Asia, leaving the restaurant business and higher raw material costs also weighed on results.
  • In Europe, bad weather cut volumes, but higher prices per unit and cost savings still lifted business profit.

Things to watch

  • The business relies heavily on IT systems, so outages or attacks could halt operations and bring damage claims and extra security costs.
  • Goodwill and intangible assets from past acquisitions are large, and a weaker business outlook could force impairment losses.
  • Rising prices or delays for key raw materials could push up production costs.

Amended Annual Securities Report (102nd term) / MD&A · Amended Annual Securities Report (102nd term) / Business risks

Where the money goes

FY ending Dec 2024 → FY ending Dec 2025

Where ¥100 of sales goes

For every ¥100 Asahi sells, how much goes where, and how much is kept.

FY ending Dec 2025
Cost of sales
¥62
SG&A
¥29
Other costs
¥3
Operating profit
¥6
Net profit kept
¥4

Annual margin trends

Gross margin37.8%
FY ending Dec 2020: 36.7%36.7%FY ending Dec 2021: 38.1%38.1%FY ending Dec 2022: 36.7%36.7%FY ending Dec 2023: 36.1%36.1%FY ending Dec 2024: 37.3%37.3%FY ending Dec 2025: 37.8%37.8%FY20FY21FY22FY23FY24FY25
Operating margin6.4%
FY ending Dec 2020: 6.7%6.7%FY ending Dec 2021: 9.5%9.5%FY ending Dec 2022: 8.6%8.6%FY ending Dec 2023: 8.8%8.8%FY ending Dec 2024: 9.2%9.2%FY ending Dec 2025: 6.4%6.4%FY20FY21FY22FY23FY24FY25
Net margin4.2%
FY ending Dec 2020: 4.6%4.6%FY ending Dec 2021: 6.9%6.9%FY ending Dec 2022: 6.0%6.0%FY ending Dec 2023: 5.9%5.9%FY ending Dec 2024: 6.5%6.5%FY ending Dec 2025: 4.2%4.2%FY20FY21FY22FY23FY24FY25

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    訂正有価証券報告書-第102期(2025/01/01-2025/12/31)

    ID S100YVTZ2026-08-12Open
  • EDINET (FSA Japan)

    有価証券報告書-第101期(2024/01/01-2024/12/31)

    ID S100VHC12025-03-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第100期(2023/01/01-2023/12/31)

    ID S100T4G72024-03-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(2022/01/01-2022/12/31)

    ID S100QG092023-03-29Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第98期(令和3年1月1日-令和3年12月31日)

    ID S100P9NU2022-10-03Open
  • EDINET (FSA Japan)

    有価証券報告書-第97期(令和2年1月1日-令和2年12月31日)

    ID S100L1BN2021-03-26Open

Extracted from XBRL: 45 / Derived from other figures: 1

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Other periods

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