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Asahi Co. Profits Slip in First Quarter Despite Revenue Growth

A 2.5 percent climb in revenue to 27.79 billion yen was not enough to shield Asahi Co. from a bottom-line contraction this spring. For the first quarter ended May 20, the Japanese firm reported a net profit of 2.14 billion yen, falling short of the 2.34 billion yen recorded during the same period last year.

Asahi Co. Profits Slip in First Quarter Despite Revenue Growth

The company’s operating profit dipped to 3.10 billion yen from 3.27 billion yen, while pretax profit settled at 3.14 billion yen compared to 3.40 billion yen a year earlier. These results, calculated under Japanese accounting standards, reflect a challenging margin environment despite the modest increase in top-line intake from 27.10 billion yen.

Earnings per share also retreated to 82.18 yen from 89.71 yen. While the firm did not declare a first-quarter dividend, it maintained its annual dividend forecast at 50 yen per share, consistent with the previous year’s payout structure.

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