Report Of The Month - Best Annual Reports - e.com ReportWatch

ReportWatch Best Annual Reports

You are here:
ReportWatch
> Best Annual Reports
> Report of the month
> Asahi Breweries

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)	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.