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Suntory Beverage & Food Q1 profit climbs 7.9% YOY

Suntory Beverage & Food Ltd. said its normalized net income for the first quarter came to ¥17.84 per share, a gain of 7.9% from ¥16.53 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥5.51 billion, an increase of 7.9% from ¥5.11 billion in the prior-year period.

The normalized profit margin increased to 2.0% from 1.9% in the year-earlier period.

Total revenue totaled ¥272.52 billion, compared with ¥271.19 billion in the prior-year period, and total operating expenses totaled ¥262.37 billion, compared with ¥261.14 billion in the year-earlier period.

Reported net income grew 58.6% year over year to ¥4.56 billion, or ¥14.76 per share, from ¥2.88 billion, or ¥9.30 per share.

As of May 13, US$1 was equivalent to ¥119.08.