Asahi Group Holdings, Ltd. will establish an intermediate holding company (tentatively named Asahi Group Japan, Ltd.) to which certain functions will be transferred. Asahi’s Board of Directors today has passed a resolution to commence preparations for the establishment of such a company to be completed by January 1, 2022.
Purpose of the establishment of the intermediate holding company is to work on key priorities such as enhancing management resources and reinforcing ESG initiatives, as well as premiumization of core brands and offering new added value propositions in line with the Asahi group philosophy and the group’s medium term management policy.
The Group is looking to generate further global synergies and expand its five global brands while boosting the competitiveness of business conducted in the areas overseen by each of its regional headquarters in Japan, Europe, Oceania, and Southeast Asia. Asahi Group Holdings will shift its focus to setting strategies and overseeing the management of the entire Group.
The new intermediate holding company will be established in September and preparations for a partial transfer of certain company functions will start soon. The aim is to reorganize and reinforce regional headquarters functions in order to expand each of the Group’s businesses in Japan and maximize their value. Under this organizational restructuring, companies currently under the oversight of the company, such as Asahi Breweries, Asahi Soft Drinks, and Asahi Group Foods, are scheduled to be placed under the new intermediate holding company in January 2022.
The scheduled reorganization will have minimal impact on the Group’s financial results for the fiscal year ending December 31, 2021.
