JAPAN: Asahi sales fall, but net profit up
Despite a fall in sales, Asahi Breweries has posted a 30% jump in 2005 net profit to JPY39.87bn (US$340m). However the growth was compared to a depressed 2004, when the company was hit by high one-off losses.
Group operating profit, fell 11% to JPY90.25bn, while its group sales slipped 1.0% to JPY1.430 trillion from JPY1.444 trillion in 2004.
The Japanese beer market continues to be a highly competitive business environment as an ageing population and changing consumer tastes see beer sales fall. However, Asahi volumes fell at a faster rate than the general market in 2005.
Asahi said its overall beer sales, including regular beer, low-malt "happoshu" beer and third beer, fell 5.2% to 193.34m cases in 2005, worse than the 3% decline in the overall beer market.
Looking forward, Asahi said it expects its full year group net profit to rise 12% to JPY44.50bn with a 4.5% rise in group sales to JPY1.495 trillion. Group operating profit is projected to climb 16% to JPY105.00bn.
Sectors: Beer & cider
- Comment - The Appeal and Perils of Craft
- Cuba-US Normalisation: Bacardi, Pernod Winners?
- Review of the Year 2014 - Part IV: Spirits
- Sustainability in Wine - Part I
- Time is Right for Refresco Gerber Exit
- Belvédère to sell assets, streamline portfolio
- Belvedere vodka tie-up over new James Bond film
- Diageo ups focus on China with Mortlach roll-out
- Diageo rolls out Beckham's Haig Club to US
- Brown-Forman eyeing Scotch, Irish whisk(e)y entry?
- Global vodka insights - market forecasts, product innovation and consumer trends research
- Global Scotch whisky insights - market forecasts, product innovation and consumer trends research
- The IWSR Forecast Report - 2014-2019 Global Review
- Global Tequila Market 2014-2018
- just-drinks on-trend: Craft beer - fortunes and future