Announcement Regarding Cash Dividends from Retained Earnings
(Tokyo, Japan - February 13, 2024) - Asahi Group Holdings, Ltd. (the “Company”) announced today that its Board of Directors has resolved to pay a year-end cash dividend of which the record date is December 31, 2023, in the way indicated below.
The payment of the dividend is subject to the resolution at Annual General Meeting of Shareholders of the Company to be held on March 26, 2024.
| Resolved | Immediate forecast As of Feb.14, 2023 |
Previous year (FY ended Dec. 31, 2022) |
|
| Record date | December 31, 2023 | December 31, 2023 | December 31, 2022 |
| Dividend per share | JPY 65.0 | JPY 59.0 | JPY 58.0 |
| Total amount of dividends |
JPY 32,942 million | － | JPY 29,395 million |
| Payable date | March 27, 2024 | － | March 29, 2023 |
| Source of dividends | Retained earnings | － | Retained earnings |
The Company announced its forecast to pay a full-year dividend of JPY 115.0 per share (with an interim dividend JPY 1.0 and Year-end dividend JPY 1.0 higher than those in the previous fiscal year). This forecast was based on the dividend policy of aiming for a steady increase in dividends with a dividend payout ratio of 35% in the Medium- to Long-Term Management Policy, and the guidelines announced in February 2023 of aiming for a payout ratio of 40% by 2025.
Applying that policy to the actual consolidated financial position and results of FY 2023, the Company has decided to pay a year-end dividend of JPY 65.0 per share, JPY 7.0 higher than the previous year, making the full-year dividend of JPY 121.0 per share, JPY 8.0 higher than the previous year.
Breakdown of full-year dividend (for reference)
About Asahi Group Holdings
Asahi Group Holdings, Ltd. is a global leader offering a diverse collection of brands centered on beer, alcohol and non-alcohol beverages, and food. Our mission is to deliver on our great taste promise and bring more fun to life. Established in Japan in 1889, the Group has always been committed to innovation and quality. This dedication has brought together iconic brands and the expertise of renowned breweries from around the world, including those with a rich heritage spanning over centuries. Our approach has culminated in a globally recognized portfolio of brands that includes premium beers such as Asahi Super Dry, Peroni Nastro Azzurro, Kozel, Pilsner Urquell, and Grolsch. “Make the world shine” articulates Asahi Group’s commitment to build connections among people, thereby paving the way for a sustainable future together. Through these connections, we can contribute to a brighter world, both today and in the future. With a global presence primarily in Japan, Europe, Oceania, and Southeast Asia, we provide over 10 billion liters of beverages to consumers worldwide and generate revenues of over JPY 2.7 trillion annually. Headquartered in Japan, Asahi Group Holdings is listed on the Tokyo Stock Exchange (Prime Market: 2502.T).