We highly appreciate your continued support and encouragement to the Asahi Group.
In the newly updated Long-Term Vision, we set the following future vision: “As a comprehensive beverage and food business group whose core business is alcohol beverages, we aim to be an industry leader in Japan with high added value as a key area of focus and establish a unique position as a global player that leverages strengths originating in Japan.”
Under the Medium-Term Management Policy, we are undertaking further development of management for corporate value enhancement by focusing on three key priorities: 1) Strengthening of earning power, 2), Asset and capital efficiency improvement, and 3) Reinforcement of ESG (environmental, social, and governance) initiatives.
Although economic uncertainty increased in Japan and overseas in 2016, we strengthened earning power in the home market and abroad. In Japan, we focused on the value enhancement of core brands and have firmly established the profit base of the three domestic businesses. Overseas, we acquired the businesses in Europe with powerful premium brands and sales networks. Furthermore, we endeavored to optimize the business portfolio for improving asset and capital efficiency through measures including a review of the assets in China.
In the external environment, the effort to escape from deflation in Japan reaches a crucial stage and the sense of uncertainty surrounding parts of the global economy heightens. A wide variety of risks and opportunities centered on value variation in the consumption structure are expected to emerge.
In these circumstances, we will deepen dialogue with stakeholders by positioning the Long-Term Vision and Medium-Term Management Policy as an engagement agenda. We continue to aspire to be a corporate group trusted in Japan and around the world. We request your continued guidance and support in the coming years.