Report of the month

October 2009

Download as PDF

Asahi Breweries

Tokyo, Japan



Report Facts

Company name: ASAHI BREWERIES, LTD.
Fiscal year end: December 31, 2008
Report title: Beer & Beyond. New Paths to Value Creation
Chairman: Kouichi Ikeda
President: Hitoqhi Ogita
Number of books: 1
Report length: 84 pages
Auditors: KPMG AZSA & Co
Design: N/A
E-mail: ir@asahibeer.co.jp

Report Rating

4/5

(Rating scale below)

Profile-Mission (Excerpts, as from the report)

While anchored by alcoholic beverages, a domain that includes beer-type, shochu, ready-to-drink and other beverages, Group activities also encompass the soft drinks, food and pharmaceuticals... . (Italics are own company’s words)

Key Figures

Net sales: Yen 1,462,748 million
Operating income: Yen 95,520 million
Net income: Yen 45,014 million
Net earnings per share: Yen 96.31
Cash dividends: Yen 20.00
Return on equity: 8.7%
Equity ratio: 40.2%
Debt to equity: 0.58 (times) (Source: figures sourced from the annual report)

Some competitors

  • SAPPORO
  • KIRIN
  • TSINGTAO
  • ANHEUSER-BUSCH INBEV
  • SABMILLER
  • HEINEKEN
 

Best !!

> Well-brewed message, sustained inside through text and visual (e.g. the +) ingredients. Simple but solid.
> Report design made of simple yet effective features that make it a pleasant read.
> Asahi at a Glance shows sales and income contribution, plus year key facts and the Plans for next year.
> Strengthening the Group’s Capability is the title of a strategically and operationally oriented Q&A with the President: substantial in content and heavily backed with well-selected charts.
> Robust review of businesses.
> Extensive use of charts, tables and graphs, not least to set out market trends and medium-term views.
 

Better !

> Eleven-year summary of historical data.
> Fairly put management discussion, paced by clear charts.
 

Ok =

> Risk factors and management insufficiently developed.
> Some share indicators are highlighted (including the candlestick-based price graph), but more could be expected.
 

Behind -

> Governance and compensation issues lag behind.
> Corporate responsibility not up to what is required from such a company in such a business.
> No background details for directors.
> 20 notes to statements –most of them just made up of tables without comments.
 

How does the company report in key areas? What are the main report pluses and minuses? The Report Scan gives an overview of strengths and weaknesses, and scores each item.
Contact e.com@reportwatch.net

 

Selected Page

(p 82 of Asahi Breweries Annual Report 2008)
p 82 of Asahi Breweries Annual Report 2008
Rating Scale
5
First-Rate
4.5
Excellent
4
Very good
3.5
Sound
3
Average
2.5
Uneven
2
Common
1.5
Substandard
1
Poor
0.5
Uncompetitive

The rating is based on ReportWatch internal desk research and does not take into account the independent Rating Panel’s judgment.

REPORT OF THE MONTH

DIMO (August 2010)

DIMO

DIMO

Colombo, Sri Lanka

Read more
Download as PDF

BEST ANNUAL REPORTS

Annual Report on Annual Reports 2010

Best Annual Reports 2010!

Ratings and ranking end-August!

Financial sector annual reports

Annual Report on Annual Reports

Financial sector annual reports For the second consecutive year annual reports from the financial sector have not been selected for our competition. This does not imply that there are not good and better reports in the sector. However, for consistency, comparability and credibility reasons it has been decided not to include any.

How is your report doing?

How is your report doing?
How does your annual report score on all evaluation criteria used for the Annual Report on Annual Reports?
Order a REPORT SCAN. An edited output of desk research done by e.com report analysts, it provides your company (or advisers) with the complete score breakdown for 50 report items plus a summary of pluses and minuses for each of them.
For more information, click here.
E-mail your order to: e.com@reportwatch.net

Report, google and watch

Has a/your report appeared on ReportWatch?

Report, google and watch
Has a/your (company) report/name been mentioned, watched, rated, ranked, benchmarked, cited on ReportWatch?
Or has ReportWatch been cited with reference to a/your company/report/name?
Type the (company) name followed by ReportWatch (in one word) and see if you get results.

Not just another report on capitalism

The seven deadly sins of capitalism,
by e.com founder Mike Guillaume

The seven deadly sins of capitalism
One thing is certain: for all its virtues, and there are still some, the market no longer has all the answers to all the problems.
Read chapters and much more about the economics, capitalism, alternatives on http://www.mikeconomics.net