As Japan gears up for its busiest beer-drinking season, the country’s largest brewer is struggling to stay on tap — with its systems still crippled more than a month after a cyberattack disrupted its supply chain.The ransomware attack on Asahi Group Holdings Ltd. disabled its internal system that handled all orders and shipments online. As an emergency measure, the company reverted to processing them manually — in person, over the phone, and even by fax, a technology largely considered obsolete in modern bu ...

Investment Rating - The report does not explicitly provide an investment rating for the industry Core Insights - Consumer confidence in Japan rebounded in August, with the consumer confidence index rising to 34.9, up from 33.7 in July, marking the highest level since January [1][7] - The beverage sector experienced a sluggish peak season due to extreme high temperatures, leading to significant declines in sales for soft drinks and beer [2][14] - The retail sector saw a return to positive growth after seven months, with department store sales increasing by 2.6% year-on-year [2][33] Summary by Sections Macroeconomic Overview - Inflationary pressures eased, with the core CPI rising by 2.7% year-on-year in August, down from 3.1% in July, the lowest since March [1][9] - Real wages fell by 0.2% year-on-year in July, marking the seventh consecutive month of decline, despite nominal wages reaching a yearly high due to summer bonuses [1][7] Beverage and Beer Industry - The beverage and beer sectors faced a "peak season not booming" scenario, with extreme heat suppressing outdoor consumption and previous price increases affecting sales [2][14] - Major companies like Suntory and Asahi reported significant declines in soft drink sales, with Suntory down 18% and Asahi down 8% year-on-year in August [3][21] Essential Consumer Goods - Essential retail sales for major players like Aeon and 7-Eleven showed modest growth, with Aeon reporting a 2.1% increase in same-store sales [3][15] - The overall retail environment was impacted by high temperatures, which shifted consumer preferences towards indoor products [3][15] Discretionary Consumer Goods - The restaurant sector saw strong performance, with companies like Saizeriya and McDonald's reporting year-on-year same-store sales growth of 19.3% and 5.3% respectively [4][26] - Clothing retailers like ABC-MART and Uniqlo also experienced positive sales growth, with same-store sales increasing by 8.5% and 5.3% respectively [4][30] Tourism and Hospitality - The tourism sector continued its robust recovery, with foreign visitors to Japan reaching 3.428 million in August, a 16.9% increase year-on-year [2][38] - Domestic travel demand surged during the Obon holiday, contributing to increased hotel revenues [2][38] Stock Market Performance - The consumer sector underperformed the broader market in August, with the food and beverage index rising by only 1.3% compared to the overall market [5] - Investment recommendations focus on companies with optimistic profit outlooks, such as Saizeriya and Asahi Group [5]

资料显示，朝日啤酒此前已在日本本土市场进行过多轮提价。下面，我们一起关注。 "较大压力" 小食代看到，这份9月10日发出、落款为朝日啤酒 (中国) 投资有限公司广州分公司（下称"朝日啤酒广州"）的价格调整通知显示，朝日啤酒广州向合作伙 伴及客户（即经销商）表示，决定自2025年9月25日起，对两款进口产品的供应价格进行调整。 连在"西餐界蜜雪冰城"萨莉亚都能买到的朝日啤酒，日前传来了新动向。 小食代从业内获悉，近日，朝日啤酒向国内渠道商发布通知称，由于各类成本上升对运营造成压力，自昨日（9月25日）起对面向经销商供应的两款进口 啤酒（朝日超爽啤酒135ml*24罐、朝日超爽啤酒2L*6罐）进行提价，每箱分别上调5元和20元。 根据该通知，涉及调价的产品包括：朝日超爽啤酒135ml*24罐（输入），每箱单价上调5元；朝日超爽啤酒2L*6罐（输入），每箱单价上调20元。通知 称，为了尽量降低此次价格调整给经销商带来的影响，9月24日前下单并付款的订单仍将按照原价格执行。 对于提价原因，上述通知解释称，"当前全球市场环境复杂多变，各类成本持续上升，给我们的运营带来了较大压力。"为此，通知表示，为确保能够持续 提供高 ...

[Table_Title] 研究报告 Research Report 24 Jun 2025 日本必需消费可选消费 Japan Staples Discretionary 日本消费行业 5 月跟踪报告：国内需求企稳，免税销售承压 Domestic demand stabilizes while duty-free sales face pressure | 芮雯 Raven Rui | 闻宏伟 Hongwei Wen | Qiao Xu | 季屏子 Pingzi Ji | | --- | --- | --- | --- | | raven.w.rui@htisec.com | hongwei.wen@htisec.com | qiao.xu@htisec.com | pz.ji@htisec.com | [Table_summary] (Please see APPENDIX 1 for English summary) 宏观：消费者信心指数回升，核心 CPI 加速上行。5 月日本消费者信心指数从 4 月的两年低点 31.2 回升至 32.8，环 比上升 1.6。3 月实际工资同比下降 1.8%，连续四个月下 ...