January 30, 2018
For immediate release
Company Name: Asahi Group Holdings, Ltd.
President and Representative Director: Akiyoshi Koji
Stock Ticker: 2502
Stock Listings: Tokyo Stock Exchange, First Section
Contact: Takayuki Tanaka
General Manager
Public Relations Section
Phone: +81-3-5608-5126
Amendment to Fiscal 2017 Full Year Consolidated Financial Results Forecasts
Tokyo, Japan - Asahi Group Holdings, Ltd. ("the Company") announced amended forecasts of its full year consolidated financial results (IFRS) for the fiscal year ended December 31, 2017. The amended forecasts supersede the previous forecasts announced on August 3, 2017. Details of the amendment are outlined below:
1. Amendment to FY2017 Full Year Consolidated Financial Results Forecasts (January 1, 2017 - December 31, 2017)
(Units: millions of yen except for Basic earnings per share)
Revenue | Core Operating Profit*1 | Operating Income | Profit before tax | Profit attributable to owners of parent | Basic earnings per share (Unit: Yen) | |
Previous forecast (A) | 2,030,000 | 188,000 | 167,300 | 163,500 | 110,000 | 204.11 |
Amended forecast (B) | 2,084,800 | 196,300 | 183,100 | 196,900 | 141,000 | 307.77 |
Difference (B - A) | 54,800 | 8,300 | 15,800 | 33,400 | 31,000 | - |
Difference (Percentage) | 2.7 | 4.4 | 9.4 | 20.4 | 28.2 | - |
(For Reference) FY2016 Full Year Results | 1,706,901 | 148,486 | 136,889 | 150,068 | 89,221 | 194.75 |
* The reference profit index for normalized business performance results.
Core operating profit = Revenue - (Costs of sales + Selling, general and administrative expenses).
2. Reasons for the amendment to FY2017 Full Year Consolidated Financial Results Forecasts
With regard to the full year consolidated financial results of the Company, profits such as Core operating profit, Operating profit and the Profit attributable to owners of parent are expected to excess the previous forecasts due to the increase of the revenue owing by the favorable performance of Overseas Business, primarily driven by the Europe and Oceania businesses. At the same time, the progress in cost reduction, efficiency of general fixed costs generated by each Business and the gain on sales of stocks incurred upon enhancement process of the corporate value through the business portfolio restructuring also contributed to the amendment.
(Note)
The figures in these financial results forecasts have been calculated based on the information currently available to the management of the Company. Various factors could cause actual results to differ from the foregoing expectations.
Asahi Group Holdings Ltd. published this content on 30 January 2018 and is solely responsible for the information contained herein.
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