Suntory Beverage & Food Limited Reports Unaudited Consolidated Earnings Results for the Nine Months Ended of September 30, 2016; Revises Earnings Guidance for the Year Ending of December 31, 2016
November 01, 2016
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Suntory Beverage & Food Limited reported unaudited consolidated earnings results for the nine months ended of September 30, 2016. For the period, the company reported net sales of JPY 1,065,818 million compared to JPY 1,020,964 million a year ago. Operating income was JPY 74,440 million compared to JPY 69,875 million a year ago. Ordinary income was JPY 72,171 million compared to JPY 61,643 million a year ago. Income before income taxes was JPY 63,174 million compared to JPY 63,998 million a year ago. Net income attributable to owners of the parent was JPY 36,423 million compared to JPY 38,618 million a year ago. EBITDA was JPY 139.6 billion compared to JPY 129.8 billion a year ago. Net income per share was JPY 117.88 compared to JPY 124.98 a year ago.
The company revised earnings Guidance for the year ending of December 31, 2016. For the period, the company expects net sales to be of JPY 1,400,000 million compared to previous forecast of JPY 1,430,000 million. Operating income expected to be of JPY 92,000 million compared to previous forecast of JPY 90,000 million. Ordinary income expected to be of JPY 89,000 million compared to previous forecast of JPY 86,500 million. Net income attributable to owners of the parent expected to be of JPY 40,500 million compared to previous forecast of JPY 40,500 million a year ago. Net income per share expected to be of JPY 131.07 compared to previous forecast of JPY 131.07 a year ago.
Suntory Beverage & Food Limited is a Japan-based company principally engaged in the manufacture and sale of beverages and food. The Company operates in five geographic segments. Japan segment is involved in the manufacture and sale of mineral water, coffee beverages, tea beverages, carbonated beverages, sports beverages, as well as foods for specified health use in Japan. Europe segment manufactures and sells carbonated beverages Orangina and Schweppes, fruit juice beverages Oasis and Ribena, energy and sports drinks Lucozade in France, the UK, Spain and Africa. Asia segment manufactures and sells health food products, such as the BRAND'S Essence of Chicken series in Taiwan and Southeast Asia, including Thailand. Oceania segment manufactures and sells soft drinks mainly in New Zealand and Australia. Americas segment manufactures and sells soft drinks mainly in North Carolina, the United States.
Suntory Beverage & Food Limited Reports Unaudited Consolidated Earnings Results for the Nine Months Ended of September 30, 2016; Revises Earnings Guidance for the Year Ending of December 31, 2016