Asahi Group Holdings Ltd. lowered its annual sales and profit forecast again as its $22 billion push into overseas markets makes Japan's largest brewer more vulnerable to currency swings.
Consumption in the domestic market has also weakened.
Operating profit will probably be ¥202 billion ($1.9 billion) for 2019, the Tokyo-based company said Tuesday, citing currency fluctuations and domestic headwinds. That compares with its prior forecast of ¥215.5 billion, and the average analyst estimate of ¥215.9 billion.
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