Asahi Group Holdings, Ltd. (TYO:2502)

Asahi Group Holdings Income Statement

Financials in millions JPY. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	2,939,422	2,769,091	2,511,108	2,236,076	2,027,762
Revenue Growth (YoY)	6.15%	10.27%	12.30%	10.27%	-2.93%
Cost of Revenue	1,841,741	1,770,157	1,589,272	1,383,195	1,283,150
Gross Profit	1,097,681	998,934	921,836	852,881	744,612
Selling, General & Admin	812,559	659,982	608,571	567,302	515,954
Other Operating Expenses	16,069	12,934	17,819	23,683	25,676
Operating Expenses	828,628	748,186	695,837	658,623	602,465
Operating Income	269,053	250,748	225,999	194,258	142,147
Interest Expense	-20,787	-14,269	-12,306	-12,700	-11,164
Interest & Investment Income	18,176	7,449	2,656	2,880	3,536
Earnings From Equity Investments	548	875	667	687	285
Currency Exchange Gain (Loss)	-	-1,305	-228	1,515	1,863
Other Non Operating Income (Expenses)	-2	6,264	-520	-1,683	1,831
EBT Excluding Unusual Items	266,988	249,762	216,268	184,957	138,498
Gain (Loss) on Sale of Investments	-	-	-	-	-2,300
Gain (Loss) on Sale of Assets	-	-3,564	9,540	31,084	1,839
Asset Writedown	-	-4,328	-19,816	-16,216	-12,637
Pretax Income	266,988	241,870	205,992	199,825	125,400
Income Tax Expense	73,808	75,840	54,275	46,003	32,815
Earnings From Continuing Operations	193,180	166,030	151,717	153,822	92,585
Minority Interest in Earnings	-1,100	-1,957	-162	-322	241
Net Income	192,080	164,073	151,555	153,500	92,826
Net Income to Common	192,080	164,073	151,555	153,500	92,826
Net Income Growth	17.07%	8.26%	-1.27%	65.36%	-34.72%
Shares Outstanding (Basic)	1,517	1,520	1,520	1,520	1,417
Shares Outstanding (Diluted)	1,517	1,520	1,520	1,520	1,417
Shares Change (YoY)	-0.23%	-0.00%	-0.00%	7.27%	3.12%
EPS (Basic)	126.66	107.94	99.70	100.97	65.51
EPS (Diluted)	126.63	107.92	99.69	100.96	65.50
EPS Growth	17.33%	8.26%	-1.26%	54.15%	-36.70%
Free Cash Flow	295,398	257,967	182,942	257,009	195,084
Free Cash Flow Per Share	194.74	169.68	120.33	169.05	137.65
Dividend Per Share	49.000	40.333	37.667	36.333	35.333
Dividend Growth	21.49%	7.08%	3.67%	2.83%	6.00%
Gross Margin	37.34%	36.07%	36.71%	38.14%	36.72%
Operating Margin	9.15%	9.06%	9.00%	8.69%	7.01%
Profit Margin	6.53%	5.93%	6.04%	6.86%	4.58%
Free Cash Flow Margin	10.05%	9.32%	7.29%	11.49%	9.62%
EBITDA	426,988	398,740	366,418	329,073	265,424
EBITDA Margin	14.53%	14.40%	14.59%	14.72%	13.09%
D&A For EBITDA	157,935	147,992	140,419	134,815	123,277
EBIT	269,053	250,748	225,999	194,258	142,147
EBIT Margin	9.15%	9.06%	9.00%	8.69%	7.01%
Effective Tax Rate	27.64%	31.36%	26.35%	23.02%	26.17%
Advertising Expenses	-	210,529	195,379	185,021	171,574

Source: S&P Capital IQ. Standard template. Financial Sources.