Suntory Beverage & Food Limited Reports FY2024 Q4 Results

Suntory Beverage and Food Limited has announced the financial results for FY2024, showing strong improvement on important indicators. The revenue, operating income, and profit of the company increased substantially due to effective brand strategy, structural changes, and sustainability efforts.

Financial Summary

• Annual Revenue reached ¥1,696.8 billion, reflecting an increase of 6.6% year on year.
• Operating Income increased by 13.1% to ¥160.2 billion.
• Profit Before Tax increased by 13.6% to ¥161.0 billion.
• Profit for the Year grew by 12.6% amounting to ¥117.6 billion.
• Earnings Per Share increased from ¥267.78 to ¥302.57.

Other Aspects Performance

• With revenue growing to ¥731.8 billion (3.3%), Japan was able to achieve strong growth from the core brand. Segment profit increased by 21.3%.
• The revenue in the APAC region grew by 8.2% reaching ¥402.0 billion with high demand in Vietnam and Thailand. Growth was noticed in sales of Pepsi and TEA+.
• In Europe, revenue grew by 8.5% to ¥368.1 billion with France and UK doing relaticely well economically and helping revenue growth for Oasis and Lucozade.
• Revenue in the American region also did well with a surge of 12.7% reaching ¥194.8 billion due to successful campaigns of carbonated and non-carbonated beverages.

Financial Position & Cash Flow

1. Total Assets: ¥2,058.0 billion, reflecting a growth of ¥145.6 billion。
2. Total Equity: ¥1,315.3 billion, deepening stakeholder value with remarkable growth.
3. Operating Cash Flow: ¥193.7 billion compared to ¥158.2 billion in 2023.
4. Investing Cash Flow: Negative ¥101.3 billion due to expansion and upgrades.
5. Financing Cash Flow: Negative ¥112.0 billion due to bonds redemption and dividend distribution.

Dividend And Shareholder Returns

1. Annual Dividend Per Share: Increased to ¥120 from ¥80.
2. Payout Ratio: 39.7% indicates the company’s strong willingness to pay out dividends.

Future Outlook

Suntory targets revenue of ¥1,796 billion for FY2025 and wish to achieve growth through:

1. Core Brand Innovation: Increasing and enhancing existing leading brands.
2. Structural Transformation: Increasing profit base in Japan and overseas.
3. Sustainability Commitment: Increasing environmental activities while decreasing operational emissions.

Suntory Beverage & Food continues to strive for quality market share growth, leadership, and value enhancement towards shareholders.