Komori
Presentation materials for financial results2587Suntory Beverage & Food LimitedFood

Briefing on results for the second quarter of 2024

In the first half of fiscal 2024, revenue, operating profit and interim profit attributable to shareholders of the parent exceeded the previous year, and operating profit on an existing-business basis was progressing ahead of the company's expectations. Europe, however, recorded lower revenue and profit on a constant-currency basis.

Worth reading
60In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Improvement
Direction inferred from the company’s description.
Scale
121
Year-on-year increase in operating income (¥100 million)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial results2024年度 第2四半期（上期、1-6月）8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales8,174 Hundreds of millions of yen+9.1%
Operating profit809 Hundreds of millions of yen+17.6%
Net income¥465 100 million +21.2%interim profit attributable to owners of the parent
Results for the three months of the current quarter
Revenue
4,457 Hundreds of millions of yen
Segment profit
471 Hundreds of millions of yen
basis既存事業ベース
Full-year earnings forecast
Revenue
16,700 Hundreds of millions of yen
Operating profit on an existing-business basis
1,540 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.
Japan segment profit
2023年1-6月170
Revenue152
Cost of sales-45
為替・原材料市況-30
Promotional and advertising expenses-11
Other-13
2024年1-6月223
Non-recurring items
Japan-2
APAC-5
Europe-5
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
主要為替レート（2024年年間予想、円・期中平均）
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
New initiatives
  • 北アルプス信濃の森工場の新ライン増設（2024年5月）
  • 高砂工場のライン増設・自動倉庫新設（2026年春予定）
  • ベトナム工場新設・タイ新ライン増設（2025年10月予定）
  • オーストラリア新工場での飲料製造開始（2024年下期）とRTD製造開始（2025年上期予定）
  • フランス・英国・スペインでのエナジー飲料CELSIUSやRTD・-196のポートフォリオ拡充
  • APAC健康食品事業での追加マーケティング投資
Key KPIsA metric the company considers important as a management benchmark.
  • 日本販売数量合計210.1 million cases-0.0%
  • 飲料市場販売数量（日本、推定）100 Year on year %
  • 当社販売数量（日本）100 Year on year %
  • BRAND'S Essence of Chicken販売数量109 Year on year %
  • BRAND'S Bird's Nest販売数量141 Year on year %
  • Suntory Natural Water sales volume65.1 million cases+3.0%
  • BOSS sales volume47.2 million cases-7.0%
  • Iyemon sales volume26.2 million cases-1.0%
  • GREEN DA・KA・RA sales volume21.1 million cases-3.0%
  • Oasis (France) sales volume175 million L+4.0%
  • ルコゼード（英国・アイルランド）販売数量198 million L-10.0%
Segment results
Japan
Revenue
3,434 Hundreds of millions of yen+4.6%
Segment profit
223 Hundreds of millions of yen+30.9%
APAC
Revenue
2,023 Hundreds of millions of yen+10.7%
Segment profit
277 Hundreds of millions of yen+23.1%
Europe
Revenue
1,825 Hundreds of millions of yen+11.0%
Segment profit
277 Hundreds of millions of yen+5.4%
Americas
Revenue
891 Hundreds of millions of yen+20.7%
Segment profit
110 Hundreds of millions of yen+17.2%
Medium-term management plan targets
Period Covered2024-2026
Revenue growth rate平均年率1桁台半ば（2023年起点、為替中立）
Operating profit growth平均年率1桁台後半（2023年起点、為替中立）
Operating profit margin2026年迄に10％超
Free cash flow2026年に1,400億円強
Growth Investment3,000億円〜6,000億円
Payout ratio
2024年度以降、目標配当性向40%以上
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period Covered2024年度 第2四半期（上期、1-6月）
Net Sales8,174 Hundreds of millions of yen (YoY +9.1%)
Operating profit809 Hundreds of millions of yen (YoY +17.6%)
Net income¥465 100 million (interim profit attributable to owners of the parent) (YoY +21.2%)
Results for the three months of the current quarterRevenue 4,457 Hundreds of millions of yen / Segment profit 471 Hundreds of millions of yen
Full-year earnings forecastRevenue 16,700 Hundreds of millions of yen / Operating profit on an existing-business basis 1,540 Hundreds of millions of yen
Self-assessment against the planProgress ahead of expectations
Segment resultsJapan Revenue 3,434 Hundreds of millions of yen (YoY +4.6%) / Segment profit 223 Hundreds of millions of yen (YoY +30.9%) / APAC Revenue 2,023 Hundreds of millions of yen (YoY +10.7%) / Segment profit 277 Hundreds of millions of yen (YoY +23.1%) / Europe Revenue 1,825 Hundreds of millions of yen (YoY +11.0%) / Segment profit 277 Hundreds of millions of yen (YoY +5.4%) / Americas Revenue 891 Hundreds of millions of yen (YoY +20.7%) / Segment profit 110 Hundreds of millions of yen (YoY +17.2%)
Breakdown of Factors Affecting the ChangeJapan segment profit 2023年1-6月 170 / Revenue 152 / Cost of sales -45 / 為替・原材料市況 -30 / Promotional and advertising expenses -11 / Other -13 / 2024年1-6月 223 / Non-recurring items Japan -2 / APAC -5 / Europe -5
Key KPIs210.1 million cases (YoY -0.0%), 100 Year on year (%), 100 Year on year (%), 109 Year on year (%), 141 Year on year (%), 65.1 million cases (YoY +3.0%), 47.2 million cases (YoY -7.0%), 26.2 million cases (YoY -1.0%), 21.1 million cases (YoY -3.0%), 175 million L (YoY +4.0%), 198 million L (YoY -10.0%)
Assumptions Underlying the Business Outlook主要為替レート（2024年年間予想、円・期中平均） 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
Medium-term management plan targetsPeriod Covered 2024-2026 / Revenue growth rate 平均年率1桁台半ば（2023年起点、為替中立） / Operating profit growth 平均年率1桁台後半（2023年起点、為替中立） / Operating profit margin 2026年迄に10％超 / Free cash flow 2026年に1,400億円強 / Growth Investment 3,000億円〜6,000億円
Payout ratio2024年度以降、目標配当性向40%以上
New initiatives北アルプス信濃の森工場の新ライン増設（2024年5月）, 高砂工場のライン増設・自動倉庫新設（2026年春予定）, ベトナム工場新設・タイ新ライン増設（2025年10月予定）, オーストラリア新工場での飲料製造開始（2024年下期）とRTD製造開始（2025年上期予定）, フランス・英国・スペインでのエナジー飲料CELSIUSやRTD・-196のポートフォリオ拡充, APAC健康食品事業での追加マーケティング投資
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 outlookFinancial targetsAnnual DividendAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey 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.

売上収益は、販売数量の増加、ブランド・チャネルの重点活動、ミックス改善、価格改定効果などにより増加した。利益は増収効果やコストマネジメントが寄与した一方、原材料価格、物流費、人件費、販促費・広告宣伝費などの影響を受けた。欧州では需要減、競争環境の激化、PB拡大、天候不順、英国の工場稼働率低下が影響した。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
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 2024 | Suntory Beverage & Food Limited (2587) timely disclosure | Komori