Asahi Group Holdings, Ltd. Expects to Pay Dividend for the Year Ending December 31, 2014; Announces Unaudited Consolidated Earnings Results for Quarter Ended September 2014
October 31, 2014 at 11:00 am
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Asahi Group Holdings, Ltd. expects to pay dividend of JPY 22.00 per share for the year ending December 31, 2014.
The company announced unaudited consolidated earnings results for quarter ended September 2014. For the period, the company reported net sales of JPY 1,295,046 million compared with JPY 1,257,032 million for the same period a year ago. Operating income was JPY 88,111 million compared with JPY 83,770 million for the same period a year ago. Ordinary income was JPY 91,044 million compared with JPY 84,459 million for the same period a year ago. Net income was JPY 54,405 million or JPY 117.00 per diluted share compared with JPY 46,726 million or JPY 102.70 per diluted share for the same period a year ago.
The company provided earnings guidance for the full year of fiscal 2014. For the period, the company expects to report net sales of JPY 1,783,000 million, operating income of JPY 127,000 million, ordinary income of JPY 131,500 million and net income of JPY 69,000 million or JPY 148.66 per share.
Asahi Group Holdings, Ltd. specializes in the production and marketing of beer and non alcoholic beverages. Net sales break down by family of products as follows:
- alcoholic beverages (31%): beer, liqueurs, wine and whisky (brands Asahi Super Dry, Asahi Style Free, Clear Asahi, Kanoka, Asahi Slat, Sankaboshizai-Mutenka Wine, Taketsuru, etc.);
- non alcoholic beverages (15.4%): tea-based beverages (brands Asahi Juroku-cha and Asahi TeaO Golden Straight Tea), coffee (Wonda Morning Shot, Wonda Kinnobitou, Wonda Zero Max, etc.), carbonated beverages (Mitsuya Cider), mineral water (Asahi Fujisan no Vanadium Tennensui), and frozen beverages (Ocha);
- food and nutritional products (5.4%): mint tablets (brand Mintia), balanced meal replacement (Balanceup), nutritional supplements ((Dear-Natura), food for children (Hai Hai et Goo-Goo Kitchen), etc.;
- other (4.6%).
The remaining sales (43.6%) relate to international activities.
Asahi Group Holdings, Ltd. Expects to Pay Dividend for the Year Ending December 31, 2014; Announces Unaudited Consolidated Earnings Results for Quarter Ended September 2014