kabutan

Suntory Beverage&Food, Net Income Forecast for the Fiscal Year Revised Downward by 6%

Tue Nov 11, 2025 1:00 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 November 11th (13:00). The consolidated net income for the cumulative third quarter of the fiscal year ending December 2025 (January to September) decreased 9.5% from the same period last year to 75.3 billion yen.

In addition, the full-year forecast for consolidated net income has decreased 6.1%, from the previous forecast of 90.0 billion yen to 84.5 billion yen (compared to 93.4 billion yen in the previous period), leading to an increase in the profit decline rate from 3.7% to 9.6%.

Based on the full-year plan announced by the company after the downward revision, our estimate of the consolidated net income for the July to December period (second half) has decreased 11.3%, from the previous forecast of 48.8 billion yen to 43.3 billion yen (compared to 47.0 billion yen in the same period of the previous year). This changes the outlook from an anticipated profit increase to a projection of a 7.7% decrease in profit.

In the most recent three-month period, from July to September (3Q), the consolidated net income decreased to 34.2 billion yen, a 6.9% decrease compared to the same period last year. The operating profit margin decreased from 12.7% in the same period last year to 11.6%.

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, 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 86.6 Nov 12, 2024 IFRS
Jan - Sep, 2025 1,278,080 126,570 124,952 75,365 243.9 86.2 Nov 11, 2025 IFRS
YoY +0.0% -9.2% -10.4% -9.5% -9.5%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2025 Prev 989,589 89,164 90,313 48,862 158.1 60 Aug 7, 2025 IFRS
Jul - Dec, 2025 New 914,589 75,164 74,813 43,362 140.3 60 Nov 11, 2025 IFRS
Revision Rate -7.6% -15.7% -17.2% -11.3% -11.3%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 1,796,000 161,000 160,500 90,000 291.3 120 Feb 13, 2025 IFRS
Dec, 2025 New 1,721,000 147,000 145,000 84,500 273.5 120 Nov 11, 2025 IFRS
Revision Rate -4.2% -8.7% -9.7% -6.1% -6.1%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 879,405 79,315 79,475 47,001 152.1 65 Feb 13, 2025 IFRS
Jul - Dec, 2025 Guidance 914,589 75,164 74,813 43,362 140.3 60 Nov 11, 2025 IFRS
YoY +4.0% -5.2% -5.9% -7.7% -7.7%

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 1,721,000 147,000 145,000 84,500 273.5 120 Nov 11, 2025 IFRS
YoY +1.4% -8.3% -10.0% -9.6% -9.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 365,782 27,302 26,732 15,417 49.9 7.5 May 13, 2025 IFRS
Apr - Jun, 2025 440,629 44,534 43,455 25,721 83.2 10.1 Aug 7, 2025 IFRS
Jul - Sep, 2025 471,669 54,734 54,765 34,227 110.8 11.6 Nov 11, 2025 IFRS
YoY +2.5% -6.5% -5.5% -6.9% -6.9%

Related Articles