Asahi Group (2502) Business Update Presentation summary

Executive summary and business update

• Q3 and full-year results delayed due to system disruptions starting September 29, 2025.

• Revenue missed expectations, but core operating profit in Europe and Asia Pacific met plans.

• Japan & East Asia segment's full impact from disruptions unclear, but Jan–Aug results were on plan.

• Full-year revenue may fall short in Europe and Asia Pacific, but core profit targets remain.

• Medium- to long-term management policy and capital efficiency measures remain unchanged.

Regional performance highlights

• Europe: 9M revenue down 3.0% YoY, with Poland and Czech Republic underperforming; core profit up 3.2% YoY forecast unchanged.

• Asia Pacific: 9M revenue up 3.1% YoY, but slightly below plan due to slow Oceania recovery; core profit up 2.3% YoY forecast unchanged.

• Oceania alcohol beverage sales volume down 1.4% YoY, non-alcohol up 2.8% YoY.

• Global brands Asahi Super Dry and Peroni Nastro Azzurro saw strong sales volume growth outside home markets.

Japan & East Asia segment update

• October shipments: alcohol mid-single digit decrease, non-alcohol beverages down ~40%, food down ~25%.

• Shipments prioritized for core brands and essential products; gradual expansion of product range planned.

• Electronic ordering system to resume in December, logistics normalization targeted by February 2026.

• System robustness, security, and business continuity planning under review and improvement.