, Japan
Source: Iryna Olar (Pexels)

Suntory net profit grows 14.5% in first nine months

Its net profit amounted to JPY68b.

Suntory Beverage & Food reported its net profit attributable to owners increased by 14.5% year-on-year to JPY68b in the first nine months of the year. 

Over the same period, its operating income increased by 14.6% to JPY 110b, whilst its revenues climbed by 14.8% to JPY1.08t. 

“In the third quarter, SBF continued to take the offensive with the aim of further growing our revenue, and as a result achieved significant revenue growth for the Group overall while continuing to gain market share in the main markets,” Kazushi Ishikawa, Corporate Strategy Division COO of Suntory Beverage & Food said.

“Despite the growing impact from the rise in raw material and energy prices, as well as the impact from currency fluctuations, we were able to minimize the negative effect on profit by thoroughly focusing on RGM and cost management.”

Ishikawa noted the company registered positive revenue growth across all its segments. Segment profit also grew except in Japan dropped where it dropped 20.8% to JPY28.6b. 

Ishikawa linked this to the rise in the prices of raw materials as well as the depreciation of the yen.


Follow the link for more news on

Join Retail Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Event News

Event News

Digitalisation and sustainable retail on the rise in post-pandemic Indonesia
Retail Asia Jakarta Forum discovers new trends, preferences and passions in 2023 from industry leaders and experts. The Retail Asia Jakarta Forum rolled out at the Pullman Hotel last 4 May 2023 with industry experts dishing out interesting insights on how physical stores should be redefining what’s attractive to shoppers, understanding their preferences, and sharing in their passions for eco-friendly brands.