Asahi Group Holdings Ltd. wants to grow its overseas business to about a third of sales with more acquisitions as the nation's largest brewer seeks to offset a falling beer market at home.
Further acquisitions would follow the company agreeing to buy about $11 billion of SABMiller PLC's brands.
"The domestic market is turning out stable cash flow but we want overseas markets to be our growth engine," Asahi President Akiyoshi Koji, 65, said in an interview Tuesday at the brewer's Tokyo headquarters.