• Nine-month net profits plunge 48% to JPY36bn (US$343.8m)
  • Net sales up 1% to JPY1.37tn
  • Operating profits climb 10% to JPY102.6bn
  • Brewery volumes flat as "new genre" products cancel out beer and happoshu declines
  • RTD sales up 33%
  • Soft drinks sales up 3%
  • Overseas sales climb 2%
Asahis beer volumes were flat overall

Asahi's beer volumes were flat overall

RTD innovation Mogitate Chuhai has helped boost Asahi's nine-month sales.

Overall RTD sales were up 33% thanks to Mogitate, a 9% fruit-flavoured spirit-drink launched earlier this year. The jump, along with a 30% sales increase for wine, helped outpace an 8% decline in spirits, Asahi said today.

Overall, group sales edged up 1% to JPY1.37tn (US$13bn). Net profits tumbled by 48% after assets fell because of stock sales. However Asahi said it was retaining its year-end outlook as it will recoup money through the sale of a 10% share of Tingyi-Asahi Beverages, announced in September.

Meanwhile, Asahi Breweries sales were up 2% as growth in so-called "new genre" products outpaced declines in happoshu and beer. Asahi's flagship beer brand, Super Dry, was down 4% in sales. 

Asahi's stock price was down less than 1% in today's trading.

Last month, Asahi set up a European unit as it took control of former SABMiller brands Peroni, Groslch and Meantime.

Click here to read Asahi's official results.