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Financial results presentation2587Suntory Beverage & Food LimitedFood

Supplementary Materials for the Fiscal Year Ended December 2023

For fiscal 2023, revenue increased 9.7% year on year and operating profit increased 1.5%. For fiscal 2024, the company presented forecasts including revenue of ¥1,670.0 billion and operating profit of ¥149.0 billion.

Worth reading
84Important
Scored from 4 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
783
億円（2024年通期売上収益の前年比増加額）
Wording
Definitive
How definitive the wording is.

Contents of this document

Supplementary materials to the earnings report2023年12月期 通期（2023年通期実績）および2024年12月期 通期予想7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥15,917 100 million+9.7%
Operating profit¥1,417 100 million+1.5%
Ordinary income¥1,418 100 million+1.8%
Net income¥827 100 million +0.5%profit for the year attributable to owners of the parent
Selling, general and administrative expenses¥4,454 100 million
Gross Profit Margin
Rate37.1%
Year-on-year change (points)0.0ポイント（2022年38.1%から低下）
Operating profit margin
Rate8.9%
Year-on-year change (points)△0.7ポイント（2022年9.6%から低下）
Full-year earnings forecast
Revenue
¥16,700 100 million
Operating profit
¥1,490 100 million
Income before taxes
¥1,485 100 million
Profit for the period
¥1,090 100 million
Profit for the period attributable to owners of the parent
¥845 100 million
EBITDA
¥2,315 100 million
Capital Expenditure
¥1,395 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Segment profit of the Japan business
売上収益増減¥549 100 million
Changes in cost of sales¥-385 100 million
Change in sales promotion and advertising expenses¥-61 100 million
Other¥-33 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
US dollars145
Euro158
British pound184
Singapore dollars108
Thai baht4.2
Vietnamese dong0.01
ニュージーランドドル87
Australian dollar94
Key KPIsA metric the company considers important as a management benchmark.
  • EBITDA¥2,173 100 million
    Year on year against the same period last year+7.3%
  • EBITDA margin13.7 %
  • EPS¥267.78
    Year on year against the same period last year+0.5%
  • ROE8.1 %
Segment results
Japan
Revenue
¥7,081 100 million+8.4%
EBITDA
¥735 100 million+7.6%
Segment profit
¥405 100 million+21.0%
Asia Pacific
Revenue
¥3,714 100 million+5.3%
EBITDA
¥614 100 million-2.3%
Segment profit
¥431 100 million-25.4%
Europe
Revenue
¥3,393 100 million+13.4%
EBITDA
¥668 100 million+18.1%
Segment profit
¥517 100 million+22.8%
Americas
Revenue
¥1,729 100 million+18.8%
EBITDA
¥269 100 million+13.2%
Segment profit
¥210 100 million+15.2%
Financial targets
ROE
2023 Actual8.1 %
2024年予想7.6 %
Debt-to-equity ratio
2023 Actual-0.04 times
2024年予想-0.04 times
Capital expenditures
986 億円2023年実績
Payout ratio
Rate29.9%（2023年実績）、40.2%（2024年予想）
Contents of this document
ItemDetails
Document typeSupplementary materials to the earnings report
Fiscal Period Covered2023年12月期 通期（2023年通期実績）および2024年12月期 通期予想
Net Sales¥15,917 100 million (YoY +9.7%)
Operating profit¥1,417 100 million (YoY +1.5%)
Ordinary income¥1,418 100 million (YoY +1.8%)
Net income¥827 100 million (profit for the year attributable to owners of the parent) (YoY +0.5%)
Gross Profit MarginRate 37.1% / Year-on-year change (points) 0.0ポイント（2022年38.1%から低下）
Operating profit marginRate 8.9% / Year-on-year change (points) △0.7ポイント（2022年9.6%から低下）
Selling, general and administrative expenses¥4,454 100 million
Full-year earnings forecastRevenue ¥16,700 100 million / Operating profit ¥1,490 100 million / Income before taxes ¥1,485 100 million / Profit for the period ¥1,090 100 million / Profit for the period attributable to owners of the parent ¥845 100 million / EBITDA ¥2,315 100 million / Capital Expenditure ¥1,395 100 million
Segment resultsJapan Revenue ¥7,081 100 million (YoY +8.4%) / EBITDA ¥735 100 million (YoY +7.6%) / Segment profit ¥405 100 million (YoY +21.0%) / Asia Pacific Revenue ¥3,714 100 million (YoY +5.3%) / EBITDA ¥614 100 million (YoY -2.3%) / Segment profit ¥431 100 million (YoY -25.4%) / Europe Revenue ¥3,393 100 million (YoY +13.4%) / EBITDA ¥668 100 million (YoY +18.1%) / Segment profit ¥517 100 million (YoY +22.8%) / Americas Revenue ¥1,729 100 million (YoY +18.8%) / EBITDA ¥269 100 million (YoY +13.2%) / Segment profit ¥210 100 million (YoY +15.2%)
Breakdown of Factors Affecting the ChangeSegment profit of the Japan business 売上収益増減 ¥549 100 million / Changes in cost of sales ¥-385 100 million / Change in sales promotion and advertising expenses ¥-61 100 million / Other ¥-33 100 million
Key KPIsIndicator name EBITDA / Value ¥2,173 100 million / Year on year against the same period last year ¥7.3 100 million, Indicator name EBITDA margin / Value 13.7 % / Year on year against the same period last year Not disclosed, Indicator name EPS / Value ¥267.78 / Year on year against the same period last year ¥0.5, Indicator name ROE / Value 8.1 % / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookExchange rate US dollars 145 / Euro 158 / British pound 184 / Singapore dollars 108 / Thai baht 4.2 / Vietnamese dong 0.01 / ニュージーランドドル 87 / Australian dollar 94
Financial targetsROE 2023 Actual 8.1 % / 2024年予想 7.6 % / Debt-to-equity ratio 2023 Actual -0.04 times / 2024年予想 -0.04 times
Payout ratioRate 29.9%（2023年実績）、40.2%（2024年予想）
Capital expenditures986 億円（2023年実績）
Items this document does not state (14)
Results for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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.

日本事業の2023年セグメント利益は、売上収益の増加が増益要因となった一方、原価増、販売促進費・広告宣伝費増、その他の減益要因があった。アジアパシフィック事業では2023年のセグメント利益が減少し、組織変更に伴うアフリカ事業の報告セグメント組み替えが行われた。

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Supplementary Materials for the Fiscal Year Ended December 2023 | Suntory Beverage & Food Limited (2587) timely disclosure | Komori