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Suntory Beverage & Food Q2 profit climbs YOY

Suntory Beverage & Food Ltd. said its normalized net income for the second quarter amounted to ¥47.70 per share, an increase of 4.9% from ¥45.46 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥14.74 billion, an increase of 4.9% from ¥14.05 billion in the year-earlier period.

The normalized profit margin fell to 4.2% from 4.3% in the year-earlier period.

Total revenue rose 7.0% year over year to ¥349.82 billion from ¥326.91 billion, and total operating expenses increased 6.6% on an annual basis to ¥321.98 billion from ¥302.17 billion.

Reported net income rose 18.7% on an annual basis to ¥14.21 billion, or ¥46.00 per share, from ¥11.97 billion, or ¥38.75 per share.

As of Aug. 13, US$1 was equivalent to ¥124.46.