# Asahi vs Coca-Cola Bottlers Japan Holdings vs Kirin vs Suntory Beverage & Food

> Unit: JPY millions (ratios in %)
> Periods: Asahi = FY ending Dec 2025, consolidated, IFRS / Coca-Cola Bottlers Japan Holdings = FY ending Dec 2024, consolidated, IFRS / Kirin = FY ending Dec 2025, consolidated, IFRS / Suntory Beverage & Food = FY ending Dec 2025, consolidated, IFRS
> Retrieved: 2026-09-30T23:26:30.818Z

| Metric | Asahi | Coca-Cola Bottlers Japan Holdings | Kirin | Suntory Beverage & Food |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 2,894,676 | 892,681 | 2,433,363 | 1,715,438 |
| Operating income | 185,870 | 13,390 | 209,677 | 148,739 |
| Net income | 121,574 | 7,309 | 147,542 | 88,723 |
| COGS ratio | 62.2% | 54.9% | 52.4% | 62.6% |
| Operating margin | 6.4% | 1.5% | 8.6% | 8.7% |
| Net margin | 4.2% | 0.8% | 6.1% | 5.2% |
| FCF margin | -1.7% | 2.3% | 4.9% | 3.8% |
| Period | FY ending Dec 2025 | FY ending Dec 2024 | FY ending Dec 2025 | FY ending Dec 2025 |
| Source | S100YVTZ | S100XR1L | S100YT3M | S100XSOA |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Asahi | Coca-Cola Bottlers Japan Holdings | Kirin | Suntory Beverage & Food |
| --- | ---: | ---: | ---: | ---: |
| Revenue growth | 78.6 (7 peers) | 32.4 (17 peers) | 50 (7 peers) | 79.4 (17 peers) |
| Profitability | 50 (7 peers) | 7.5 (20 peers) | 64.3 (7 peers) | 77.5 (20 peers) |
| Cash conversion | 21.4 (7 peers) | 97.5 (20 peers) | 64.3 (7 peers) | 42.5 (20 peers) |
| Efficiency | 21.4 (7 peers) | 52.5 (20 peers) | 50 (7 peers) | 32.5 (20 peers) |
| Financial strength | — | — | — | — |

## Company details

- https://vizora.meequs.com/en/company/asahi-group-holdings/md
- https://vizora.meequs.com/en/company/coca-cola-bottlers-japan-holdings/md
- https://vizora.meequs.com/en/company/kirin-holdings/md
- https://vizora.meequs.com/en/company/suntory/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).