Asahi Group's Net Profit Hits Record in Jan.-June
Tokyo, Aug. 14 (Jiji Press)--Asahi Group Holdings Ltd. said Friday that its consolidated net profit in January-June jumped 68.8 pct from a year before to 99.1 billion yen, hitting a first-half record high, thanks to a weaker yen and the sale of a factory site. The group's first-half sales increased 7.7 pct to 1,463.9 billion yen. Sales in Japan and East Asia fell 2.2 pct due to a system fail...
Asahi Group Holdings Ltd. reported a record-breaking consolidated net profit of 99.1 billion yen for the first half of the year, marking a 68.8% increase from the previous year, according to a statement released on August 14. The group's sales also rose by 7.7% to 1,463.9 billion yen. However, a cyberattack in Japan and East Asia led to a 2.2% dip in sales in those regions due to a system failure.
Despite this, the weaker yen contributed to sales growth in Europe and other regions. Asahi Breweries Ltd.'s flagship Super Dry beer saw significant overseas sales growth. Asahi Group's CFO, Kaoru Sakita, emphasized the company's commitment to differentiating its brand and enhancing its publicity in a press conference. The profit boost was also attributed to the sale of Asahi Breweries' Hakata plant site last September.
In September 2022, Asahi Group temporarily halted all orders and shipments following the cyberattack, but its logistics system was restored by spring.
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