Suntory Beverage & Food (2587) Q2 2026 earnings summary

Executive summary

• Revenue for the first six months ended June 30, 2026, rose 11.6% year-over-year to ¥899.9 billion, driven by proactive marketing, sales volume expansion of core brands, and new product launches, with group-wide revenue and income progressing ahead of full-year forecasts due to favorable foreign exchange impacts.

• Operating income increased 3.0% year-over-year to ¥74.0 billion, despite higher marketing and logistics costs and negative currency effects.

• Net income attributable to owners rose 2.3% year-over-year to ¥42.1 billion.

• Reinforced business foundation for future growth through brand strengthening, new value creation, and strategic capital expenditures.

• Comprehensive income surged 115.8% year-over-year to ¥70.3 billion, reflecting significant foreign currency translation gains.

Financial highlights

• Revenue for 1H FY2026 was ¥899.9 billion, up 11.6% year-over-year, with organic revenue growth of 5.4%.

• Operating income reached ¥74.0 billion, up 3.0% year-over-year; organic operating income was ¥76.4 billion, up 2.6% year-over-year.

• Net income attributable to owners was ¥42.1 billion, up 2.3% year-over-year.

• Gross profit for the period was ¥332.7 billion, up from ¥307.4 billion year-over-year.

• Basic earnings per share increased to ¥136.17 from ¥133.13 year-over-year.

Outlook and guidance

• Full-year 2026 revenue forecast is ¥1,826.0 billion (+6.4% year-over-year), with operating income of ¥155.0 billion (+4.2%).

• Net profit attributable to owners is projected at ¥89.0 billion (+0.3%), with basic EPS of ¥288.03.

• Policy remains focused on driving sales volume growth through value creation and proactive investments, with commitment to achieving full-year forecasts.

• Estimated group-wide impact from the Middle East situation is ¥6.0 billion in 1H and projected at ¥8.0–12.0 billion for 2H, with mitigating measures being implemented.

• The company is monitoring the impact of the July 2026 Kumamoto Earthquake on production facilities.