Suntory Beverage & Food booked revenue of ¥899.9bn for the six months to June, up 11.6% from a year earlier, according to its interim earnings report. Strip out currency translation, though, and growth slows to 5.4%. The same gap shows up further down the income statement: operating profit rose 3.0% in reported terms to ¥74.0bn, but fell 5.4% on a constant-currency basis, and profit attributable to owners, up 2.3% as reported, was down 6.3% once the yen's moves against major trading currencies are stripped out.
| Metric | Reported change | Constant-currency change |
|---|---|---|
| Revenue | +11.6% | +5.4% |
| Operating profit | +3.0% | -5.4% |
| Profit attributable to owners | +2.3% | -6.3% |
The regional breakdown shows where the pressure sits. Japan's segment profit rose 16.8% to ¥21.3bn, as product mix and marketing efficiency more than offset a roughly ¥10.2bn hit from raw-material and logistics costs. Europe's segment profit fell 6.6% in reported terms and 16.6% at constant currency, as factory-reorganisation costs and heavier marketing spending outweighed higher sales. Oceania was the outlier: segment profit more than doubled, up 156.2% reported and 106.2% at constant currency, on energy-drink demand and the rollout of ready-to-drink alcohol in Australia and New Zealand.
Management left its full-year forecast and dividend plan untouched: revenue of ¥1.83tn, operating profit of ¥155.0bn, profit attributable to owners of ¥89.0bn, and a total annual dividend of ¥120 per share. The company also disclosed that the July 2026 Kumamoto earthquake damaged contracted production facilities, including the Suntory Kyushu Kumamoto plant, and said it is still assessing what that means for its results.