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
Announcement regarding report of an extraordinary loss ("Loss on valuation of stocks of subsidiaries and affiliates") for Unconsolidated Financial
Statement
Tokyo, Japan - Asahi Group Holdings, Ltd. (the "Company") announced a forecast regarding report of an extraordinary loss ("Loss on valuation of stocks of subsidiaries and affiliates") for Unconsolidated Financial Statement of the fiscal year ended December 31, 2017 (Japan GAAP). Details of the disclosure are outlined below:
1.Reporting an extraordinary loss ("Loss on valuation of stocks of subsidiaries and affiliates")
The Company prospects to record a loss on valuation of stocks of subsidiaries and affiliates of JPY 46,105 million caused by the fair value decrease on the stock of Asahi Group Holdings Southeast Asia Pte. Ltd, which is a consolidated subsidiary of the company. Asahi Group Holdings Southeast Asia Pte. Ltd is an intermediate holding company of Southeast Asia businesses.
2.Impact on the Company's financial performance
The above mentioned loss on valuation of stocks of subsidiaries and affiliates has already been reflected on the consolidated financial results in the past through the result of each Southeast Asia business and the transactions occurred upon the initial application of IFRS. It will be no impact on the Company's consolidated financial results because this loss is eliminated in the consolidated financial statements.
Regarding the consolidated financial forecasts (IFRS) for the fiscal year ended December 31, 2017, please refer to the announcement; Amendment to Fiscal 2017 Full Year Consolidated Financial Results Forecasts disclosed today.
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.
Original documenthttp://www.asahigroup-holdings.com/en/ir/pdf/18pdf/180130_02.pdf
Public permalinkhttp://www.publicnow.com/view/D0350E8E9BFB1CD48CACE387037614AF34CBF1A5