Business Nov 13, 2020
However, sales sagged for so-called third-sector quasi-beer products, for which the tax was raised.
Business / Corporate Oct 1, 2020
Japan brewers bet on tax cut to revive pandemic-hit sales
by Lisa Du and Grace Huang
As of Thursday, the government is starting to bring taxes of different varieties of alcoholic products more in line with each other.
Business Sep 10, 2020
Four major Japanese beer makers separately said Thursday that their sales of beer and quasi-beer products in August fell from a year earlier, against the backdrop of the coronavirus pandemic. Sales in volume terms were down 18 percent at Sapporo Breweries Ltd., 12 percent at ...
Food & Drink | KONBINI WATCH Jan 25, 2020
Coca-Cola Strawberry versus Asahi's Lemola: Which does fruit better?
by Patrick St. Michel
Two prominent Japanese beverage companies are offering consumers a choice: something entirely new, or a revived Showa Era flavor.
Business / Corporate Dec 27, 2019
Asahi Breweries to lift ban on regular workers taking side jobs from Jan. 1
Asahi Breweries Ltd. said Thursday it will allow most of its regular workers to take casual side jobs from Jan. 1. At present, the unit of Asahi Group Holdings Ltd. permits such side jobs to be taken only by re-employed workers over retirement age. The option ...
Business / Corporate Dec 18, 2019
Asahi Breweries to stop disclosing sales volume data amid strengthening competition for top spot
Asahi Breweries Ltd. says it will stop releasing sales volume data for its beer and quasi-beer products this month, switching in January to the disclosure of the value of sales. The major beer-maker is apparently intending to put more emphasis on boosting its profitability while ...
Business / Corporate Dec 12, 2019
Blow for AB InBev's $11 billion asset sale to Asahi as Australian regulators raise concerns
Australia's competition regulator has raised concerns over an $11 billion deal by Anheuser-Busch InBev to sell its local operations to Japan's Asahi Group Holdings Ltd., dealing a blow to the world's largest brewer's efforts to cut debt. The Belgium-based brewer, weighed down with some $100 ...
Business / Corporate Nov 6, 2019
Asahi to again slash full-year forecast as overseas push leaves brewer vulnerable
Asahi Group Holdings Ltd. lowered its annual sales and profit forecast again as its $22 billion push into overseas markets makes Japan's largest brewer more vulnerable to currency swings. Consumption in the domestic market has also weakened. Operating profit will probably be ¥202 billion ($1.9 billion) ...
Business Nov 1, 2019
For Akiyoshi Koji, Asahi's bold dealmaker, beer remains at heart of global growth strategy
by Lisa Du and Grace Huang
The biggest dealmaker in Japan this year has one thing on his mind: beer, and then more beer — more than $20 billion worth of it in the past four years, to be precise. Never mind that people around the globe are drinking less, with ...
Business / Corporate Oct 25, 2019
Asahi still keen to keep buying months after $11 billion AB InBev deal
Three months after shelling out $11 billion for Anheuser-Busch InBev's Australian operations, Asahi Group Holdings Ltd. plans to keep growing via more deals. Japan's largest brewer wants to establish more hubs globally beyond Europe and Australia, Chief Executive Officer Akiyoshi Koji said in an interview ...
Business / Corporate Oct 11, 2019
Japan's four major brewers log sharp sales growth in September, buoyed by Rugby World Cup
All four major Japanese brewers enjoyed double-digit sales growth for beer and beer-like products in September compared to the same month a year before, thanks to the ongoing Rugby World Cup in Japan, according to the companies' data. Since the start of the sporting event, ...
Business Sep 4, 2019
South Korean imports of Japanese beers and autos nose-dive amid diplomatic dispute
South Korean imports of beer from Japan plunged 97 percent in August from a year earlier, a local newspaper reported, amid a popular backlash against Japanese products that has spread as relations between the two countries sour. Japanese automakers also posted sharper sales falls in ...