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Suntory Beverage&Food, 4% Decrease in Net Income for The Current Fiscal Year, Increased Previous Year's Dividend by 8 yen, Plan to Continue the 120 yen Policy This Fiscal Year as Well

Thu Feb 13, 2025 3:00 pm JST Earnings

2587 Suntory Beverage & Food Limited 【IFRS】

Earnings Report

Suntory Beverage & Food Limited <2587> [TSE Prime] announced its financial results (based on IFRS) in the afternoon session on February 13th (15:00). The consolidated net income for the fiscal year ending December 2024 increased 13.0% from the previous period to 93.4 billion yen. However, for the fiscal year ending December 2025, the profit is expected to decrease by 3.7% from the previous period to 90 billion yen.

At the same time, the company increased the annual dividend for the previous term from 112 yen to 120 yen (compared to 80 yen in the prior term), and has decided to continue with a dividend of 120 yen for the current term as well.

In the most recent three-month period, from October to December (4Q), the consolidated net income dropped to 10.2 billion yen, a 34.3% decrease compared to the same period last year. The operating profit margin worsened from 6.3% in the same period last year to 5.0%.

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Actual Results

Historical Performance
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 1,696,765 160,249 161,047 93,495 302.6 120 Feb 13, 2025 IFRS
YoY +6.6% +13.1% +13.6% +13.0% +13.0%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2024 Guidance 1,687,000 153,500 153,000 86,500 279.9 112 Nov 12, 2024 IFRS
Dec, 2024 Results 1,696,765 160,249 161,047 93,495 302.6 120 Feb 13, 2025 IFRS
Revision Rate +0.6% +4.4% +5.3% +8.1% +8.1%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2024 817,360 80,934 81,572 46,494 150.5 55 Aug 8, 2024 IFRS
Jan - Jun, 2025 Guidance ー ー ー ー － 60 Feb 13, 2025 IFRS
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 1,591,722 141,726 141,781 82,743 267.8 80 Feb 15, 2024 IFRS
Dec, 2024 1,696,765 160,249 161,047 93,495 302.6 120 Feb 13, 2025 IFRS
Dec, 2025 Guidance 1,796,000 161,000 160,500 90,000 291.3 120 Feb 13, 2025 IFRS
YoY +5.8% +0.5% -0.3% -3.7% -3.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Oct - Dec, 2024 419,101 20,804 21,541 10,235 33.1 5.0 Feb 13, 2025 IFRS
YoY +5.2% -16.6% -11.3% -34.3% -34.3%

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