Asahi nine-month profits down by quarter

Core Insights - Asahi Group Holdings reported a 26% decline in net profit for the first nine months of 2025, amounting to Y103.96 billion ($658.6 million) due to a cyberattack that affected operations [1] - Operating profit decreased by 18% to Y158.71 billion, with a 5.5% drop in "core" operating profit, or 4.6% on a constant-currency basis [1] Revenue Performance - Revenue fell 0.6% to Y2.15 trillion during the first nine months of 2025, with a similar decline when adjusted for exchange rates [2] - In Japan & East Asia, revenue grew by 1.3% to Y1.03 trillion on a constant-currency basis, attributed to "price revisions" [5] - Revenue in Europe declined by 3% to Y582.6 billion, impacted by "unseasonal weather" [5] - Asia Pacific revenue increased by 3.1% to Y531.3 million, driven by sales of non-alcoholic products [5] Operational Impact - The cyberattack in September caused a "systems failure" that affected production and distribution in Japan, but operations resumed a week later [4] - The European operations were not impacted by the cyberattack, and cost efficiencies led to a 1% increase in core operating profit for the European arm [6] - The Asia Pacific unit's core operating profit decreased by 0.9% [6] Market Conditions - Revenue in Europe shrank by 2.5% compared to 2024, which was below expectations, although core operating profit remained "in line with plan" with low single-digit growth [7] - Asia-Pacific recorded a revenue growth of 3.7% versus 2024, but this was below plan due to slower-than-expected recovery in demand, particularly in Oceania markets [7][8]