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Suntory Beverage & Food Q3 profit falls YOY

Suntory Beverage & Food Ltd. said its normalized net income for the third quarter was ¥58.66 per share, a decrease of 7.7% from ¥63.53 per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥18.13 billion, a decrease of 7.7% from ¥19.63 billion in the year-earlier period.

The normalized profit margin dropped to 4.5% from 5.1% in the year-earlier period.

Total revenue increased on an annual basis to ¥405.44 billion from ¥386.77 billion, and total operating expenses rose 5.5% on an annual basis to ¥371.62 billion from ¥352.21 billion.

Reported net income decreased 11.0% on an annual basis to ¥16.51 billion, or ¥53.43 per share, from ¥18.54 billion, or ¥60.01 per share.

As of Nov. 10, US$1 was equivalent to ¥113.32.