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.
Distributed by Public, unedited and unaltered, on 30 January 2018 06:09:12 UTC.

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