Suntory Beverage & Food Limited, The Current Fiscal Year Net Income Revised Upward by 2%, Adds to Record High Profit Forecast, Dividend Revised Upward by 2 yen

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Tue Nov 12, 2024 3:00 pm JST Earnings

2587 Suntory Beverage & Food Limited 【IFRS】

Earnings Report

Suntory Beverage & Food Limited <2587> [TSE-P] announced its financial results (based on IFRS) in the afternoon session on November 12th (15:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 24.0% from the same period last year, reaching 83.2 billion yen.

In addition, the full-year consolidated net income has been revised upward by 2.4%, from the previous forecast of 84.5 billion yen to 86.5 billion yen (compared to 82.7 billion yen in the previous period), increasing the growth rate from 2.1% to 4.5%, further surpassing the previous forecast of record-high profits for three consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the July to December period (second half) has been revised upward by 5.3%, from the previous forecast of 38 billion yen to 40 billion yen (compared to 44.3 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 14.3% to 9.8%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 110 yen to 112 yen (compared to 80 yen in the previous period).

In the most recent three-month period, from July to September (3Q), the consolidated net income grew by 27.7% from the same period last year, reaching 36.7 billion yen. The operating profit margin rose from 10.8% in the same period last year to 12.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	1,081,394	114,958	114,830	68,020	220.1	82.4	Nov 11, 2022	IFRS
Jan - Sep, 2023	1,193,401	116,771	117,487	67,169	217.4	82.9	Nov 10, 2023	IFRS
Jan - Sep, 2024	1,277,664	139,445	139,506	83,260	269.5	91.2	Nov 12, 2024	IFRS
YoY	+7.1%	+19.4%	+18.7%	+24.0%	+24.0%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2024 Prev	852,640	68,066	66,928	38,006	123.0	55	Aug 8, 2024	IFRS
Jul - Dec, 2024 New	869,640	72,566	71,428	40,006	129.5	57	Nov 12, 2024	IFRS
Revision Rate	+2.0%	+6.6%	+6.7%	+5.3%	+5.3%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2024 Prev	1,670,000	149,000	148,500	84,500	273.5	110	Feb 15, 2024	IFRS
Dec, 2024 New	1,687,000	153,500	153,000	86,500	279.9	112	Nov 12, 2024	IFRS
Revision Rate	+1.0%	+3.0%	+3.0%	+2.4%	+2.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	842,587	72,895	72,420	44,367	143.6	40	Feb 15, 2024	IFRS
Jul - Dec, 2024 Guidance	869,640	72,566	71,428	40,006	129.5	57	Nov 12, 2024	IFRS
YoY	+3.2%	-0.5%	-1.4%	-9.8%	-9.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	1,450,397	139,688	139,291	82,317	266.4	80	Feb 13, 2023	IFRS
Dec, 2023	1,591,722	141,726	141,781	82,743	267.8	80	Feb 15, 2024	IFRS
Dec, 2024 Guidance	1,687,000	153,500	153,000	86,500	279.9	112	Nov 12, 2024	IFRS
YoY	+6.0%	+8.3%	+7.9%	+4.5%	+4.5%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	444,266	47,940	48,126	28,793	93.2	10.8	Nov 10, 2023	IFRS
Oct - Dec, 2023	398,321	24,955	24,294	15,574	50.4	6.3	Feb 15, 2024	IFRS
Jan - Mar, 2024	371,657	33,876	34,651	20,253	65.6	9.1	May 13, 2024	IFRS
Apr - Jun, 2024	445,703	47,058	46,921	26,241	84.9	10.6	Aug 8, 2024	IFRS
Jul - Sep, 2024	460,304	58,511	57,934	36,766	119.0	12.7	Nov 12, 2024	IFRS
YoY	+3.6%	+22.1%	+20.4%	+27.7%	+27.7%