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Presentation materials for financial results2587Suntory Beverage & Food LimitedFood

Briefing on results for fiscal 2022

In fiscal 2022, revenue and operating profit increased due to favorable foreign exchange, higher sales volume and price revisions. In fiscal 2023, revenue is expected to increase, but operating profit and profit for the year are forecast to decline due to higher raw-material costs and the weaker yen.

Worth reading
65In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
211
億円（2022年度営業利益の前年同期比増加額）
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial results2022年度（2022年1月～12月）8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales14,504 Hundreds of millions of yen+14.3%
Operating profit1,397 Hundreds of millions of yen+17.8%
Net income¥823 100 million +19.9%profit for the year attributable to owners of the parent
Results for the three months of the current quarter
Revenue
3,690 Hundreds of millions of yen+12.8%
Operating profit
247 Hundreds of millions of yen+35.6%
Quarterly profit attributable to owners of the parent
143 Hundreds of millions of yen+54.3%
Full-year earnings forecast
Revenue
15,315 Hundreds of millions of yen
Operating profit
1,345 Hundreds of millions of yen
Non-recurring items
-10 Hundreds of millions of yen
Operating profit on an existing-business basis
1,355 Hundreds of millions of yen
Profit for the period attributable to owners of the parent
755 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
日本2022年度利益
Revenue+236億円
Cost of sales-¥4.6 billion
為替・原材料市況-261億円
Promotional and advertising expenses-¥0.4 billion
Other+¥100 million
2022年度非経常項目
APAC+107億円（フレッシュコーヒー事業譲渡益158億円、ナイジェリア事業譲渡損-22億円等）
Europe-19億円（スペイン生産統合）
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US dollars130
Euro141
British pound160
Singapore dollars98
Thai baht3.9
Vietnamese dong0.01
ニュージーランドドル84
Australian dollar91
日本飲料市場前年比97
日本販売数量前年比100.1
2022-2023年累計コスト増約1,200億円
New initiatives
  • コアブランドへの集中投資・ブランドイノベーション
  • 自販機事業組織の再編、システム基盤統合、ルート再編
  • 信濃の森工場の新ライン増設
  • APACでのベトナム・オーストラリア生産増強
  • 米州での新ライン増設・倉庫拡充
  • センターオブエクセレンスおよびDXへの投資継続
  • スペインの生産拠点統合
  • 2023年のアフリカ事業のAPACから欧州への移管
Key KPIsA metric the company considers important as a management benchmark.
  • Japan sales volume106 前年=100
  • 飲料市場（日本）102 前年=100推定
  • 天然水ブランド成長率108 前年=100
  • 伊右衛門ブランド成長率104 前年=100
  • 健康茶ブランド成長率162 前年=100
  • TEA+ブランド成長率130 前年=100
  • Oasisブランド成長率115 前年=100
  • Schweppesブランド成長率114 前年=100
Segment results
Japan
Revenue
6,532 Hundreds of millions of yen+3.7%
Segment profit
334 Hundreds of millions of yen-18.4%
APAC
Revenue
3,594 Hundreds of millions of yen+21.4%
Segment profit
564 Hundreds of millions of yen+42.0%
Europe
Revenue
2,923 Hundreds of millions of yen+24.5%
Segment profit
434 Hundreds of millions of yen+21.5%
Americas
Revenue
1,455 Hundreds of millions of yen+34.1%
Segment profit
182 Hundreds of millions of yen+36.6%
Medium-term management plan targets
Period Covered2021-2023
Revenue平均年率1桁台半ばの成長（2020年起点、為替中立）
Operating profit平均年率10％以上の成長（2020年起点、為替中立）
Operating profit margin2023年10%以上
Growth Investment最大ネットD/Eレシオ1倍を投資上限目安（約7,000億円）、足元の投資枠2,000-3,000億円規模
Comparison with actual results2021年に営業利益、2022年に売上収益が2019年水準を達成
Financial targets
Net debt-to-equity ratio最大1倍（投資上限目安）
Market Size / Share
日本飲料市場前年比102
Japan全チャネルで市場成長を上回り、市場シェアを拡大
VietnamMarket Share Expansion
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period Covered2022年度（2022年1月～12月）
Net Sales14,504 Hundreds of millions of yen (YoY +14.3%)
Operating profit1,397 Hundreds of millions of yen (YoY +17.8%)
Net income¥823 100 million (profit for the year attributable to owners of the parent) (YoY +19.9%)
Results for the three months of the current quarterRevenue 3,690 Hundreds of millions of yen (YoY +12.8%) / Operating profit 247 Hundreds of millions of yen (YoY +35.6%) / Quarterly profit attributable to owners of the parent 143 Hundreds of millions of yen (YoY +54.3%)
Full-year earnings forecastRevenue 15,315 Hundreds of millions of yen / Operating profit 1,345 Hundreds of millions of yen / Non-recurring items -10 Hundreds of millions of yen / Operating profit on an existing-business basis 1,355 Hundreds of millions of yen / Profit for the period attributable to owners of the parent 755 Hundreds of millions of yen
Segment resultsJapan Revenue 6,532 Hundreds of millions of yen (YoY +3.7%) / Segment profit 334 Hundreds of millions of yen (YoY -18.4%) / APAC Revenue 3,594 Hundreds of millions of yen (YoY +21.4%) / Segment profit 564 Hundreds of millions of yen (YoY +42.0%) / Europe Revenue 2,923 Hundreds of millions of yen (YoY +24.5%) / Segment profit 434 Hundreds of millions of yen (YoY +21.5%) / Americas Revenue 1,455 Hundreds of millions of yen (YoY +34.1%) / Segment profit 182 Hundreds of millions of yen (YoY +36.6%)
Breakdown of Factors Affecting the Change日本2022年度利益 Revenue +236億円 / Cost of sales -¥4.6 billion / 為替・原材料市況 -261億円 / Promotional and advertising expenses -¥0.4 billion / Other +¥100 million / 2022年度非経常項目 APAC +107億円（フレッシュコーヒー事業譲渡益158億円、ナイジェリア事業譲渡損-22億円等） / Europe -19億円（スペイン生産統合）
Key KPIsIndicator name Japan sales volume / Value 106 前年=100 / Year on year against the same period last year Not disclosed, Indicator name 飲料市場（日本） / Value 102 前年=100（推定） / Year on year against the same period last year Not disclosed, Indicator name 天然水ブランド成長率 / Value 108 前年=100 / Year on year against the same period last year Not disclosed, Indicator name 伊右衛門ブランド成長率 / Value 104 前年=100 / Year on year against the same period last year Not disclosed, Indicator name 健康茶ブランド成長率 / Value 162 前年=100 / Year on year against the same period last year Not disclosed, Indicator name TEA+ブランド成長率 / Value 130 前年=100 / Year on year against the same period last year Not disclosed, Indicator name Oasisブランド成長率 / Value 115 前年=100 / Year on year against the same period last year Not disclosed, Indicator name Schweppesブランド成長率 / Value 114 前年=100 / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookExchange rate US dollars 130 / Euro 141 / British pound 160 / Singapore dollars 98 / Thai baht 3.9 / Vietnamese dong 0.01 / ニュージーランドドル 84 / Australian dollar 91 / 日本飲料市場前年比 97 / 日本販売数量前年比 100.1 / 2022-2023年累計コスト増 約1,200億円
Medium-term management plan targetsPeriod Covered 2021-2023 / Revenue 平均年率1桁台半ばの成長（2020年起点、為替中立） / Operating profit 平均年率10％以上の成長（2020年起点、為替中立） / Operating profit margin 2023年10%以上 / Growth Investment 最大ネットD/Eレシオ1倍を投資上限目安（約7,000億円）、足元の投資枠2,000-3,000億円規模 / Comparison with actual results 2021年に営業利益、2022年に売上収益が2019年水準を達成
Financial targetsNet debt-to-equity ratio 最大1倍（投資上限目安）
Market Size / Share日本飲料市場前年比 102 / Japan 全チャネルで市場成長を上回り、市場シェアを拡大 / Vietnam Market Share Expansion
New initiativesコアブランドへの集中投資・ブランドイノベーション, 自販機事業組織の再編、システム基盤統合、ルート再編, 信濃の森工場の新ライン増設, APACでのベトナム・オーストラリア生産増強, 米州での新ライン増設・倉庫拡充, センターオブエクセレンスおよびDXへの投資継続, スペインの生産拠点統合, 2023年のアフリカ事業のAPACから欧州への移管
Items this document does not state (16)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

2022年度は、販売数量の増加、価格改定、需要回復、為替の影響などにより売上収益が増加した。営業利益は、増収やコスト改善効果があった一方、原材料市況の悪化、円安、原材料価格・物流費・人件費の高騰などの影響を受けた。2023年度は、価格改定、数量成長、コスト削減を進める一方、原材料価格、エネルギー価格、円安、人件費の上昇を見込んでいる。

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Briefing on results for fiscal 2022 | Suntory Beverage & Food Limited (2587) timely disclosure | Komori