Suntory Group posts nearly 20% profit growth in 2022

Its profit stood at JPY136.2b, approximately US$1.01b.

Suntory Group reported its profit grew by 19.5% year-on-year to JPY136.2b, approximately US$1.01b, in 2022. 

The company noted it actively expanded its businesses across three key segments, Beverages and Foods, Alcoholic Beverages, and Others, both domestically and abroad.

Read more: Suntory net profit grows 14.5% in first nine months

Over the same period, Suntory’s revenue climbed by 16.1%YoY to JPY2.97t including excise taxes; whilst its operating income rose by 11.7% to JPY276.5b. 

“In the fiscal year ending 31 December 2023, the forecast for revenue including excise taxes is JPY3.12t (up 5% year on year), revenue excluding excise taxes is JPY2.81t (up 5.7% year on year), operating income is JPY280b (up 1.3% year on year), and profit attributable to owners of the company is JPY140b (up 2.8% year on year),” the company noted.