Japan: Suntory Holdings reports significant increase in first-half net income

Japan’s Suntory Holdings Limited said on August 5 it registered a 35.633 bln yen net income attributable to owners of parent company in the first half of this year versus only 15.529 bln in H1 2015.

The company also reported increases in H1 net sales, operating income, and ordinary income. Net sales increased by 3.0% from the same period of last year to 1.2731 trillion yen, operating income by 14.0% to 87.3 billion yen and ordinary income by 14.2% to 75.6 billion yen.

Suntory Beer Limited sold a record high of 33.14 million cases (1 case = 633 ml x 20 bottles) (up 1% year on year), while the overall market, including alcohol-free beer-type beverages, is estimated to be down about 1% year on year. The market share of the company’s beer-type beverages (excluding alcohol-free beer-type beverages) reached a record high of 16.0% (based on shipping volumes taxable by the National Tax Agency).

For the period ending in December 2016, the company is anticipating sales of 2.73 trillion yen, up
1.6% year on year, operating income of 188 billion yen, up 1.6% year on year, ordinary income of 160 billion yen, up 2.4% year on year, and net income attributable to owners of parent of 50 billion yen, up 10.5% year on year.

In terms of income before amortization of goodwill and others, operating income will be 258 billion yen, up 1.2% year on year, ordinary income will be 230 billion yen, up 1.8% year on year, and net income attributable to owners of parent will be 108 billion yen, up 4.4% year on year, Suntory said.