Suntory Beverage & Food cuts full-year forecast amid economic headwinds

For the nine months ended September 30, 2025, Suntory Beverage & Food Limited reported consolidated revenue of JPY 1,278.1 bn, a marginal 0.0% increase year-on-year. However, operating income decreased by 9.2% to JPY 126.6 bn, and net profit attributable to owners declined by 9.5% to JPY 75.4 bn. This decline was primarily driven by lower sales volume in Asia Pacific and Japan, increased raw material and logistics costs in Japan, and elevated marketing expenses in key countries, offsetting solid performance in Europe.

Consequently, the company revised its full-year consolidated earnings forecast for the period ending December 31, 2025. Revenue is now projected at JPY 1,721.0 bn (down 4.2% from the previous forecast), operating income at JPY 147.0 bn (down 8.7%), and net profit attributable to owners at JPY 84.5 bn (down 6.1%). This revision accounts for macroeconomic slowdowns, intensified competition, and continued cost pressures.

The company's strategy for Q4 2025 and beyond will focus on proactive marketing and rigorous cost management to navigate these complex external environments and achieve recovery. Dividends remain unchanged, with JPY 55.00 paid for Q2 and JPY 60.00 forecast for Q4, totaling JPY 120.00 for the year.