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Suntory Beverage & Food Q1 profit climbs 31.4% YOY

Suntory Beverage & Food Ltd. said its normalized net income for the first quarter was ¥25.77 per share, an increase of 31.4% from ¥19.62 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥7.96 billion, a gain of 31.4% from ¥6.06 billion in the prior-year period.

The normalized profit margin rose to 2.6% from 1.9% in the year-earlier period.

Total revenue totaled ¥310.48 billion, compared with ¥311.13 billion in the prior-year period, and total operating expenses declined on an annual basis to ¥294.39 billion from ¥298.63 billion.

Reported net income increased 11.6% from the prior-year period to ¥6.78 billion, or ¥21.94 per share, from ¥6.08 billion, or ¥19.66 per share.

As of May 11, US$1 was equivalent to ¥113.72.