Asahi Group Holdings today (10 March) posted a 26% decline in net profit for the first nine months of 2025 in a set of accounts delayed by the cyberattack that hit the business in September.
Profit for the period stood at Y103.96bn, with operating profit down 18% at Y158.71bn.
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The Super Dry brewer reported a 5.5% decrease in its “core” operating profit, or by 4.6% on a constant-currency basis.
Revenue fell 0.6% to Y2.15 trillion during the first nine months of 2025, rising by the same amount when exchange rates were removed from the results.
“In Europe and Asia Pacific, we are making steady progress on initiatives to drive growth, including improved unit sales prices and earnings structure reforms. In Japan & East Asia, while the impact of the system disruption is unavoidable in the short term, we remain confident in the resilience of our business foundation, underpinned by a robust brand portfolio,” president and CEO Atsushi Katsuki said.
In September, Asahi reported a “systems failure” connected to the cyber breach, affecting production and distribution across its business in Japan. The company’s factories resumed operations a week later. The group’s operations in Europe and Asia Pacific were not impacted by the cyberattack.
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By GlobalDataAsahi’s Japan & East Asia reporting division grew its revenue by 1.3% to Y1.03trn thanks to “price revisions”. The unit’s core operating profit fell 3.1% due to the impact of the cyber incident.
Revenue in Europe declined 3% to Y582.6bn in the first nine months of 2025 amid what Asahi called “unseasonal weather”. The company’s business in Asia Pacific grew its revenue 3.1% thanks to sales of non-alcoholic products.
Cost efficiencies meant Asahi’s European arm increased its core operating profit by 1%. The Asia Pacific’s core operating profit decreased 0.9%.
Asahi is still to file its full financial results for 2025 as a whole. Two weeks ago, the company reported revenue figures for its overseas businesses, which were unaffected by the cyberattack.
Revenue in Europe shrank 2.5% compared to 2024, “which was below plan”, Asahi said. Core operating profit in Europe was still “in line with plan”, the company said, growing at a “low single-digit” rate.
Asahi’s business in Asia-Pacific recorded revenue growth of 3.7% versus 2024, though this achievement “fell short of plan”, it said, driven by “slower-than-expected recovery in demand primarily in Oceania markets”.
The group’s core operating profit in the region performed “in line with plan” in 2025, booking growth of low single digits.
Last month, Asahi confirmed more than 110,000 records of personal data had been leaked online following the ransomware attack.
