Asahi Group Holdings, Ltd.

TSE-2502

Overview Financials Investor Relations Estimates Ownership Industry Dividends Modeling Filings

Income Statement	Dec '14	Dec '15	Dec '16	Dec '17	Dec '18	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	LTM
Total Revenues						2,089,048	2,027,762	2,236,076	2,511,108	2,769,091	2,895,057
Total Revenues % Chg.						-1.5%	-2.9%	10.3%	12.3%	10.3%	10.8%
Cost of Goods Sold, Total						1,297,302	1,283,150	1,383,195	1,589,272	1,770,157	1,833,510
Gross Profit						791,746	744,612	852,881	921,836	998,934	1,061,547
Selling General & Admin Expenses, Total						523,287	515,954	567,302	608,571	659,982	709,653
Provision for Bad Debts			—	—	—	—	—	—	—	—	—
R&D Expenses	—	—		—	—	—	—	—	—	—	—
Depreciation & Amortization						55,487	60,835	67,638	69,447	75,270	75,270
Amortization of Goodwill and Intangible Assets			—	—	—	—	—	—	—	—	—
Other Operating Expenses	—	—				7,850	25,676	23,683	17,819	12,934	17,850
Other Operating Expenses, Total						586,624	602,465	658,623	695,837	748,186	802,773
Operating Income						205,122	142,147	194,258	225,999	250,748	258,774
Interest Expense, Total						-7,390	-11,164	-12,700	-12,306	-14,269	-14,448
Interest And Investment Income						3,103	3,536	2,880	2,656	7,449	10,423
Net Interest Expenses						-4,287	-7,628	-9,820	-9,650	-6,820	-4,025
Income (Loss) On Equity Invest.						872	285	687	667	875	498
Currency Exchange Gains (Loss)		—				2,369	1,863	1,515	-228	-1,305	-1,305
Other Non Operating Income (Expenses)						2,541	1,831	-1,683	-520	6,264	6,265
EBT, Excl. Unusual Items						206,617	138,498	184,957	216,268	249,762	260,207
Gain (Loss) On Sale Of Investments						298	-2,300	—	—	—	—
Gain (Loss) On Sale Of Assets						-3,926	1,839	31,084	9,540	-3,564	-3,564
Asset Writedown						-5,598	-12,637	-16,216	-19,816	-4,328	-4,328
Other Unusual Items			—	—	—	—	—	—	—	—	—
EBT, Incl. Unusual Items						197,391	125,400	199,825	205,992	241,870	252,315
Income Tax Expense						56,100	32,815	46,003	54,275	75,840	74,992
Earnings From Continuing Operations						141,291	92,585	153,822	151,717	166,030	177,323
Minority Interest						916	241	-322	-162	-1,957	-2,682
Net Income						142,207	92,826	153,500	151,555	164,073	174,641
Net Income to Common Incl Extra Items						142,207	92,826	153,500	151,555	164,073	174,641
Net Income to Common Excl. Extra Items						142,207	92,826	153,500	151,555	164,073	174,641
Total Shares Outstanding						458.1	506.7	506.7	506.7	506.7	506.7
Weighted Avg. Shares Outstanding						458.1	472.4	506.7	506.7	506.7	506.7
Weighted Avg. Shares Outstanding Dil						458.1	472.4	506.8	506.8	506.8	506.8
EPS						310.4	196.5	302.9	299.1	323.8	344.7
EPS Diluted						310.4	196.5	302.9	299.1	323.8	344.6
EBITDA						318,158	265,424	329,073	366,418	398,740	414,764
Effective Tax Rate						28.4%	26.2%	23%	26.3%	31.4%	29.7%