Suntory Beverage & Food Limited (STBFY)

Suntory Beverage & Food Income Statement

Financials in millions JPY. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	1,690,890	1,696,765	1,591,722	1,450,397	1,268,917	1,178,137
Revenue Growth (YoY)	3.98%	6.60%	9.74%	14.30%	7.70%	-9.33%
Cost of Revenue	1,044,524	1,049,885	1,001,726	897,879	745,735	694,282
Gross Profit	646,366	646,880	589,996	552,518	523,182	483,855
Selling, General & Admin	482,286	477,965	445,401	420,240	397,707	382,331
Other Operating Expenses	534	-1,061	-1,107	-1,506	-1,445	-1,222
Operating Expenses	482,820	476,904	444,294	418,734	396,262	381,109
Operating Income	163,546	169,976	145,702	133,784	126,920	102,746
Interest Expense	-4,936	-4,529	-2,936	-1,949	-1,926	-2,137
Interest & Investment Income	2,849	3,787	4,225	1,474	449	832
Earnings From Equity Investments	-5	139	-27	411	70	-85
Currency Exchange Gain (Loss)	1,684	1,684	-1,206	-	-	-629
Other Non Operating Income (Expenses)	-147	-146	-30	76	-40	-76
EBT Excluding Unusual Items	162,991	170,911	145,728	133,796	125,473	100,651
Merger & Restructuring Charges	-4,588	-4,588	-1,815	-3,887	-4,153	-1,646
Impairment of Goodwill	-	-	-	-623	-	-
Gain (Loss) on Sale of Assets	-2,537	-2,537	-1,702	11,800	-2,818	-3,232
Asset Writedown	-3,975	-3,975	-553	-2,052	-1,647	-1,962
Pretax Income	153,126	161,046	141,780	139,290	117,052	94,167
Income Tax Expense	41,003	43,417	37,301	38,192	34,023	29,873
Earnings From Continuing Operations	112,123	117,629	104,479	101,098	83,029	64,294
Minority Interest in Earnings	-23,464	-24,134	-21,736	-18,781	-14,353	-12,082
Net Income	88,659	93,495	82,743	82,317	68,676	52,212
Net Income to Common	88,659	93,495	82,743	82,317	68,676	52,212
Net Income Growth	0.28%	12.99%	0.52%	19.86%	31.53%	-24.21%
Shares Outstanding (Basic)	309	309	309	309	309	309
Shares Outstanding (Diluted)	309	309	309	309	309	309
EPS (Basic)	286.92	302.57	267.78	266.40	222.25	168.97
EPS (Diluted)	286.92	302.57	267.78	266.40	222.25	168.97
EPS Growth	0.28%	12.99%	0.52%	19.86%	31.53%	-24.21%
Free Cash Flow	90,626	85,423	79,056	90,281	102,058	71,534
Free Cash Flow Per Share	293.29	276.45	255.84	292.17	330.29	231.50
Dividend Per Share	120.000	120.000	80.000	80.000	78.000	78.000
Dividend Growth	50.00%	50.00%	-	2.56%	-	-
Gross Margin	38.23%	38.12%	37.07%	38.09%	41.23%	41.07%
Operating Margin	9.67%	10.02%	9.15%	9.22%	10.00%	8.72%
Profit Margin	5.24%	5.51%	5.20%	5.67%	5.41%	4.43%
Free Cash Flow Margin	5.36%	5.03%	4.97%	6.22%	8.04%	6.07%
EBITDA	224,558	229,551	202,996	189,333	181,165	156,645
EBITDA Margin	13.28%	13.53%	12.75%	13.05%	14.28%	13.30%
D&A For EBITDA	61,012	59,575	57,294	55,549	54,245	53,899
EBIT	163,546	169,976	145,702	133,784	126,920	102,746
EBIT Margin	9.67%	10.02%	9.15%	9.22%	10.00%	8.72%
Effective Tax Rate	26.78%	26.96%	26.31%	27.42%	29.07%	31.72%
Advertising Expenses	-	162,519	150,701	143,888	139,331	130,689

Updated Feb 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.