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Presentation materials for financial results2587Suntory Beverage & Food LimitedFood

Briefing on results for the second quarter of fiscal 2023

In the first half of fiscal 2023, revenue exceeded the year-earlier period and operating profit on an existing-business basis also increased, while operating profit and profit attributable to owners of the parent declined due to deterioration in non-recurring items and other factors. The company said that first-half revenue and operating profit on an existing-business basis exceeded expectations, and aims to achieve or exceed its full-year forecasts.

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
115
¥100 million (year-on-year decrease in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial results2023年度 第2四半期8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales7,491 Hundreds of millions of yen+10.3%
Operating profit688 Hundreds of millions of yen-14.4%
Net income¥384 100 million -21.3%profit for the quarter attributable to owners of the parent
Results for the three months of the current quarter
Revenue
4,119 Hundreds of millions of yen+7.6%
Operating profit
425 Hundreds of millions of yen-27.7%
Operating profit on an existing-business basis
424 Hundreds of millions of yen-0.4%
Quarterly profit attributable to owners of the parent
238 Hundreds of millions of yen-34.6%
Full-year earnings forecast
Revenue
15,315 Hundreds of millions of yen
Operating profit on an existing-business basis
1,355 Hundreds of millions of yen
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progress ahead of expectations
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
日本のセグメント利益ブリッジ
2022年1-6月141
Revenue223
Cost of sales-52
為替・原材料市況-130
Promotional and advertising expenses-3
Other-8
2023年1-6月170
日本の売上総利益増減
販売数量増減の影響18
活動・構成の影響152
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
US dollars
130 円、期中平均
Euro
141 円、期中平均
British pound
160 円、期中平均
Singapore dollars
98 円、期中平均
Thai baht
3.9 円、期中平均
Vietnamese dong
0.01 円、期中平均
ニュージーランドドル
84 円、期中平均
Australian dollar
91 円、期中平均
New initiatives
  • 信濃の森工場の新ライン増設
  • ベトナム・オーストラリアの生産増強
  • 米州の新ライン増設・倉庫拡充
  • Beam Suntory社との協業に向けたオセアニアRTD事業展開の準備開始
Key KPIsA metric the company considers important as a management benchmark.
  • 日本飲料市場販売数量98 Year-on-year %
  • Japan sales volume101 Year-on-year %
  • 天然水販売数量103 Year-on-year %
  • GREEN DA･KA･RA販売数量104 Year-on-year %
  • TEA+販売数量102 Year-on-year %
  • Sting販売数量114 Year-on-year %
  • V販売数量119 Year-on-year %
  • Oasis販売数量101 Year-on-year %
Segment results
Japan
Revenue
3,282 Hundreds of millions of yen+7.3%
Segment profit
170 Hundreds of millions of yen+20.8%
APAC
Revenue
1,827 Hundreds of millions of yen+7.5%
Segment profit
225 Hundreds of millions of yen-44.4%
Europe
Revenue
1,645 Hundreds of millions of yen+13.7%
Segment profit
262 Hundreds of millions of yen+8.8%
Americas
Revenue
738 Hundreds of millions of yen+26.3%
Segment profit
94 Hundreds of millions of yen+27.7%
Market Size / Share
Japan beverage market
98 Year-on-year % estimate
日本の市場シェアExpansion
Capital expenditures
390 億円オセアニア飲料事業の設備投資計画、予想
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period Covered2023年度 第2四半期
Net Sales7,491 Hundreds of millions of yen (YoY +10.3%)
Operating profit688 Hundreds of millions of yen (YoY -14.4%)
Net income¥384 100 million (profit for the quarter attributable to owners of the parent) (YoY -21.3%)
Results for the three months of the current quarterRevenue 4,119 Hundreds of millions of yen (YoY +7.6%) / Operating profit 425 Hundreds of millions of yen (YoY -27.7%) / Operating profit on an existing-business basis 424 Hundreds of millions of yen (YoY -0.4%) / Quarterly profit attributable to owners of the parent 238 Hundreds of millions of yen (YoY -34.6%)
Full-year earnings forecastRevenue 15,315 Hundreds of millions of yen / Operating profit on an existing-business basis 1,355 Hundreds of millions of yen
Self-assessment against the planProgress ahead of expectations
Segment resultsJapan Revenue 3,282 Hundreds of millions of yen (YoY +7.3%) / Segment profit 170 Hundreds of millions of yen (YoY +20.8%) / APAC Revenue 1,827 Hundreds of millions of yen (YoY +7.5%) / Segment profit 225 Hundreds of millions of yen (YoY -44.4%) / Europe Revenue 1,645 Hundreds of millions of yen (YoY +13.7%) / Segment profit 262 Hundreds of millions of yen (YoY +8.8%) / Americas Revenue 738 Hundreds of millions of yen (YoY +26.3%) / Segment profit 94 Hundreds of millions of yen (YoY +27.7%)
Breakdown of Factors Affecting the Change日本のセグメント利益ブリッジ 2022年1-6月 141 / Revenue 223 / Cost of sales -52 / 為替・原材料市況 -130 / Promotional and advertising expenses -3 / Other -8 / 2023年1-6月 170 / 日本の売上総利益増減 販売数量増減の影響 18 / 活動・構成の影響 152
Key KPIsIndicator name 日本飲料市場販売数量 / Value 98 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name Japan sales volume / Value 101 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name 天然水販売数量 / Value 103 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name GREEN DA･KA･RA販売数量 / Value 104 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name TEA+販売数量 / Value 102 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name Sting販売数量 / Value 114 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name V販売数量 / Value 119 Year-on-year % / Year on year against the same period last year Not disclosed, Indicator name Oasis販売数量 / Value 101 Year-on-year % / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookUS dollars 130 円、期中平均 / Euro 141 円、期中平均 / British pound 160 円、期中平均 / Singapore dollars 98 円、期中平均 / Thai baht 3.9 円、期中平均 / Vietnamese dong 0.01 円、期中平均 / ニュージーランドドル 84 円、期中平均 / Australian dollar 91 円、期中平均
Capital expenditures390 億円（オセアニア飲料事業の設備投資計画、予想）
Market Size / ShareJapan beverage market 98 Year-on-year % (estimate) / 日本の市場シェア Expansion
New initiatives信濃の森工場の新ライン増設, ベトナム・オーストラリアの生産増強, 米州の新ライン増設・倉庫拡充, Beam Suntory社との協業に向けたオセアニアRTD事業展開の準備開始
Items this document does not state (16)
Ordinary incomeGross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.

営業利益の減少は、非経常項目が前年同期より悪化したこと、APACのセグメント利益が減少したことなどによる。既存事業ベース営業利益については、増収、コストマネジメント、原材料高・円安などのコスト増影響が想定内に収まったことが増益要因とされている。

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Briefing on results for the second quarter of fiscal 2023 | Suntory Beverage & Food Limited (2587) timely disclosure | Komori