May 27, 2017 11:25 PM ET

Beverages

Company Overview of Suntory Beverage & Food Limited

Company Overview

Suntory Beverage & Food Limited, a soft drink company, manufactures and sells non-alcoholic beverages and foods in Japan, Europe, Asia, Oceania, and the Americas. The company offers soft drinks, mineral water, canned coffee, ready-to-drink tea, carbonates, functional drinks, fruit juices, and processed food. It also provides drinks for specified health uses, as well as health foods. In addition, the company sells its products under the Suntory Tennensui, Boss, Suntory Oolong Tea, Iyemon, Green DAKARA, Pepsi, Iyemon Tokucha, Orangina, C.C. Lemon, Natchan!, Dekavita C, Schweppes, La Casera, Oasis, Ribena, Trina, Lucozade, TEA+ Oolong Tea, MYTEA Oolong Tea, Sting, Tipco, Okky, BRAND’S Essence o...

TOKYO SQUARE GARDEN

3-1-1 Kyobashi

Chuo-ku

Tokyo,  104-0031

Japan

23,850 Employees

Key Executives for Suntory Beverage & Food Limited

Suntory Beverage & Food Limited does not have any Key Executives recorded.

Suntory Beverage & Food Limited Key Developments

Suntory Beverage & Food Limited Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Year Ending December 31, 2017; Provides Second Quarter End and Year-End Dividend Guidance for the Fiscal Year Ending December 31, 2017

Suntory Beverage & Food Limited reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of JPY 310,484 million compared to JPY 311,126 million a year ago. Operating income was JPY 16,095 million compared to JPY 12,496 million a year ago. Ordinary income was JPY 15,515 million compared to JPY 11,819 million a year ago. Income before income taxes was JPY 14,683 million compared to JPY 10,842 million a year ago. Net income was JPY 8,514 million compared to JPY 7,401 million a year ago. Net income attributable to owners of the parent was JPY 6,781 million or JPY 21.95 per share compared to JPY 6,075 million or JPY 19.66 per share a year ago. EBITDA was JPY 38.1 billion compared to 34.7 billion a year ago. For the year ending December 31, 2017, the company expects net sales of JPY 1,430,000 million, operating income of JPY 98,000 million, ordinary income of JPY 95,500 million, net income attributable to owners of the parent of JPY 47,000 million or JPY 152.10 per share. EBITDA forecasts to be JPY 186.0 billion and net income before amortization of goodwill expects to be JPY 75.2 billion. The company expects to pay second quarter end dividend of JPY 37.00 per share against JPY 34.00 per share for the same period a year ago and expects to pay a year-end dividend of JPY 37.00 per share for the year ending December 31, 2017 against JPY 39.00 per share for the same period a year ago. Thus the annual dividend would amount to JPY 74.00 per share for the year ending December 31, 2017 against JPY 73.00 per share for the same period a year ago.

Suntory Beverage To Sell Its Cerebos Companies In Australia And New Zealand

Suntory Beverage & Food Limited (TSE:2587) is has put up for sale the food and instant coffee divisions of its Cerebos Pacific Limited in Australia and New Zealand, along with its Asian Home Gourmet brand in Singapore. Cerebos, said food and instant coffee were non-core businesses for Suntory, a soft drinks manufacturer. However, Suntory will keep Cerebos' fresh coffee business, which in New Zealand includes the Caffe L'affare, Atomic Roasters, Orb, and Robert Harris brands.

Suntory To Commence Sale Process For Certain Cerebos Food & Instant Coffee Business

Suntory Beverage & Food Limited (TSE:2587) is seeking to commence a sale process for certain Cerebos’ Food & Instant Coffee business. Cerebos Gregg's Limited and Cerebos (Australia) Limited announced that following a strategic review with Suntory Beverage & Food, it will commence a sale process and will include Food & Instant Coffee business in Australia & New Zealand and Asian Home Gourmet in Singapore. Popular food brands including Fountain, Gravox and Saxa are up for sale and expected to raise about $300 million. Sale process expected to take 6-9 months. UBS Group AG (SWX:UBSG) has been appointed as financial advisor.

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