trending Market Intelligence /marketintelligence/en/news-insights/trending/2NvaWYETBPvK5oo-q_Twrw2 content esgSubNav
In This List

Asahi lowers FY'19 guidance despite H1 profit gains

Blog

Corporate Credit Risk Trends in Developing Markets An Expected Credit Loss ECL Perspective

Blog

Highlighting the Top Regional Aftermarket Research Brokers by Sector Coverage

Blog

Corporate Credit Risk Trends in Developing Markets: A Loss Given Default (LGD) Perspective

Blog

Q&A: Data That Delivers - Automating the Credit Risk Workflow


Asahi lowers FY'19 guidance despite H1 profit gains

Asahi Group Holdings Ltd. on Aug. 1 lowered its outlook for full year 2019 despite posting better-than-expected first-half growth.

The company reduced its full-year revenue and profit targets as it expects bad weather to hurt its alcohol beverages and soft drinks businesses and a strong yen to hit income from overseas business.

The Japanese beverage producer now expects basic EPS for the full year to come in at ¥330.73 compared to ¥331.81 from the previous forecast. Total revenue for the year ended Dec. 31 is also expected to dip at ¥2.121 trillion, lower than the previous projection of ¥2.153 trillion.

For the first half ended June 30, adjusted diluted EPS came in at ¥134.33 from ¥131.80 in the year-ago period, surpassing the S&P Global Market Intelligence consensus normalized EPS estimate of ¥131.85. Net income rose 2.4% to ¥61.68 billion compared with ¥60.23 billion from the first half of 2018. Total revenue, however, dropped 2.1% to ¥983.83 billion compared to ¥1.005 trillion last year.

As of Aug. 1, US$1 was equivalent to ¥108.24.