Asahi Group Holdings, Ltd. (TYO: 2502)

Asahi Group Holdings Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,895,057	2,769,091	2,511,108	2,236,076	2,027,762	2,089,048
Revenue Growth (YoY)	10.80%	10.27%	12.30%	10.27%	-2.93%	-1.47%
Cost of Revenue	1,833,510	1,770,157	1,589,272	1,383,195	1,283,150	1,297,302
Gross Profit	1,061,547	998,934	921,836	852,881	744,612	791,746
Selling, General & Admin	709,653	659,982	608,571	567,302	515,954	523,287
Other Operating Expenses	17,850	12,934	17,819	23,683	25,676	7,850
Operating Expenses	802,773	748,186	695,837	658,623	602,465	586,624
Operating Income	258,774	250,748	225,999	194,258	142,147	205,122
Interest Expense	-14,448	-14,269	-12,306	-12,700	-11,164	-7,390
Interest & Investment Income	10,423	7,449	2,656	2,880	3,536	3,103
Earnings From Equity Investments	498	875	667	687	285	872
Currency Exchange Gain (Loss)	-1,305	-1,305	-228	1,515	1,863	2,369
Other Non Operating Income (Expenses)	6,265	6,264	-520	-1,683	1,831	2,541
EBT Excluding Unusual Items	260,207	249,762	216,268	184,957	138,498	206,617
Gain (Loss) on Sale of Investments	-	-	-	-	-2,300	298
Gain (Loss) on Sale of Assets	-3,564	-3,564	9,540	31,084	1,839	-3,926
Asset Writedown	-4,328	-4,328	-19,816	-16,216	-12,637	-5,598
Pretax Income	252,315	241,870	205,992	199,825	125,400	197,391
Income Tax Expense	74,992	75,840	54,275	46,003	32,815	56,100
Earnings From Continuing Operations	177,323	166,030	151,717	153,822	92,585	141,291
Minority Interest in Earnings	-2,682	-1,957	-162	-322	241	916
Net Income	174,641	164,073	151,555	153,500	92,826	142,207
Net Income to Common	174,641	164,073	151,555	153,500	92,826	142,207
Net Income Growth	8.92%	8.26%	-1.27%	65.36%	-34.72%	-5.87%
Shares Outstanding (Basic)	1,520	1,520	1,520	1,520	1,417	1,374
Shares Outstanding (Diluted)	1,520	1,520	1,520	1,520	1,417	1,374
Shares Change (YoY)	0.00%	-0.00%	-0.00%	7.27%	3.12%	0.00%
EPS (Basic)	114.89	107.94	99.70	100.97	65.51	103.48
EPS (Diluted)	114.87	107.92	99.69	100.96	65.50	103.47
EPS Growth	8.91%	8.26%	-1.26%	54.15%	-36.70%	-5.87%
Free Cash Flow	246,958	257,967	182,942	257,009	195,084	179,157
Free Cash Flow Per Share	162.44	169.68	120.33	169.05	137.65	130.36
Dividend Per Share	43.667	40.333	37.667	36.333	35.333	33.333
Dividend Growth	14.91%	7.08%	3.67%	2.83%	6.00%	1.01%
Gross Margin	36.67%	36.07%	36.71%	38.14%	36.72%	37.90%
Operating Margin	8.94%	9.06%	9.00%	8.69%	7.01%	9.82%
Profit Margin	6.03%	5.93%	6.04%	6.86%	4.58%	6.81%
Free Cash Flow Margin	8.53%	9.32%	7.29%	11.49%	9.62%	8.58%
EBITDA	414,764	398,740	366,418	329,073	265,424	318,158
EBITDA Margin	14.33%	14.40%	14.59%	14.72%	13.09%	15.23%
D&A For EBITDA	155,990	147,992	140,419	134,815	123,277	113,036
EBIT	258,774	250,748	225,999	194,258	142,147	205,122
EBIT Margin	8.94%	9.06%	9.00%	8.69%	7.01%	9.82%
Effective Tax Rate	29.72%	31.36%	26.35%	23.02%	26.17%	28.42%
Advertising Expenses	-	210,529	195,379	185,021	171,574	181,340

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