Suntory Beverage & Food Ltd. · TSE:2587
Suntory Beverage & Food — Q3 2026 Earnings Presentation
34 slides from Suntory Beverage & Food's earnings presentation, Nov 11, 2026
Slide 1: Financial Results for Q3 Year Ending December 31, 2026
Financial Results for Q3 Year Ending December 31, 2026 November 11, 2026 Suntory Beverage & Food Limited ©2026 SUNTORY BEVERAGE & FOOD LIMITED All Rights Reserved.
Slide 2: Q3 YTD FY2026 - External Environment
Q3 YTD FY2026－External Environment Severe flooding Kumamoto Prolonged conflict in Thailand Earthquake in the Middle East Record-long rainfall U.S. tariffs Persistent in Japan inflation Respond flexibly to external changes far beyond our expectations Steadily advance our growth initiatives ©2026 SUNT
Slide 3: Q3 YTD FY2026 - Key points of results
Q3 YTD FY2026－Key points of results Revenue grew steadily, driven mainly by higher sales volume, while income was affected mainly by Middle East-related cost increases Q3 YTD Results Full-year Forecast YoY vs. Initial Forecast YoY vs. Initial Forecast Revenue revised Higher revenue Progress ahead Hi
Slide 4: Revenue and Sales Volume: Q3 YTD Results
Revenue and Sales Volume: Q3 YTD Results Progress in initiatives to drive sales volume and revenue growth through value creation Including currency effects Reference: Currency neutral Sales volume (million c/s) Revenue (JPY BN) Sales volume (million c/s) Revenue (JPY BN) Revenue growth Sales volume
Slide 5: NOPE Guilty CSD (Japan)
Case Study 01 NOPE Guilty CSD (Japan) Execute product design and sales strategy through deep consumer understanding × an integrated value chain Japan am × Rapid PDCA ne Te In-depth understanding O through data × fieldwork Identified a new CSD value Frontline proposition, “melting stress insight away
Slide 6: BOSS Coffee Energy (Asia)
Case Study 02 BOSS Coffee Energy (Asia) Execute product design and sales strategy through deep consumer understanding × an integrated value chain Vietnam am × Rapid PDCA In-depth understanding Sales ne Te O volume through data × fieldwork vs. plan +42％ Frontline Consumers working outdoors in the hea
Slide 7: One Team Across Markets (Asia, Oceania and Europe)
Case Studies 03 | 04 One Team Across Markets (Asia, Oceania and Europe) Frontline teams and HQ working as One Team One Team across countries Significantly shortened development time Simultaneous large-scale promotion Thailand Australia Schweppes, Official Supplier of Roland-Garros*1 In-depth underst
Slide 8: Changes in the Beverage Market Environment
Changes in the Beverage Market Environment Rise of Growth of Persistent Inflation Local Players Private Label Products Growing Expansion of Expansion of Health Consciousness Sugar Taxes Caffeine Regulation*2 Already introduced in Already introduced in several 116*1 countries European countries From
Slide 9: Our Approach to Value Creation
Our Approach to Value Creation Design brand strategies around markets and consumers, using purchase data as a common language Bring together the strength of our organization to capture market and consumer changes early, Discuss and combine insights as One increasing both the speed of growth Team acr
Slide 10: Toward Sustainable Growth
Toward Sustainable Growth Drive volume and revenue growth through value creation Reinvest the returns to strengthen our brands and drive further growth A global beverage company growing worldwide through locally rooted value creation Profit growth Brands that consumers keep choosing Brands New value
Slide 11: Results for Q3 YTD and Full-year Forecast
Results for Q3 YTD and Full-year Forecast ©2026 SUNTORY BEVERAGE & FOOD LIMITED All Rights Reserved.
Slide 12: Results for Q3 YTD FY2026
Results for Q3 YTD FY2026 Achieved higher revenue and income despite a challenging business environment (JPY BN) FY2025 FY2026 Change (incl. currency effect) Change (currency neutral) Jan-Sep Jan-Sep YoY %YoY YoY %YoY Revenue 1,278.1 1,403.7 125.6 9.8% 57.8 4.3% Operating Income 126.6 130.3 3.7 2.9%
Slide 13: Revenue and Segment Profit by Segment
Results for Q3 YTD FY2026 － By segment / Organic basis (JPY BN) FY2025 FY2026 Change (incl. currency effect) Change (currency neutral) Jan-Sep Jan-Sep YoY %YoY YoY %YoY Japan 556.5 571.2 14.7 2.6% - - Europe 301.0 335.2 34.2 11.4% 2.0 0.6% Revenue Asia 220.9 249.8 28.9 13.1% 11.7 4.9% Oceania 61.7 9
Slide 14: Responding to changes in the external environment
Results for Q3 YTD FY2026 － Responding to changes in the external environment Driving profitability improvements across the business in response to rising costs Key initiatives More efficient use of Greater manufacturing raw materials Structural reform More efficient Price revisions efficiency throu
Slide 15: Revised Forecast for FY2026
Revised Forecast for FY2026 Revenue forecast revised upward on expectations of continued growth, while income forecast revised downward (JPY BN) FY2026 vs. Initial Forecast Change (incl. currency effect) Change (currency neutral) Revised Forecast Change %Change YoY %YoY YoY %YoY Revenue 1,866.0 40.0
Slide 16: Revised Forecast for FY2026 - Operating Income Bridge
Revised Forecast for FY2026 - Operating Income Bridge (Organic Basis) Revenue grew steadily, but the impact of the Middle East situation could not be fully absorbed, resulting in a downward revision to the full-year income forecast Consolidated Operating Income Bridge (Organic Basis) (JPY BN) Sales
Slide 17: Revised Forecast for FY2026 by Segment
Revised Forecast for FY2026－By segment / Organic basis (JPY BN) FY2026 vs. Initial Forecast Change (incl. currency effect) Change (currency neutral) Revised Forecast YoY %YoY YoY %YoY YoY %YoY Japan 756.0 -11.5 -1.5% 20.8 2.8% - - Europe 429.5 8.0 1.9% 39.3 10.1% 8.9 2.1% Revenue Asia 332.5 20.5 6.6
Slide 18: In Closing
In Closing ©2026 SUNTORY BEVERAGE & FOOD LIMITED All Rights Reserved.
Slide 19: Supplementary Information by Segment
Supplementary Information by Segment ©2026 SUNTORY BEVERAGE & FOOD LIMITED All Rights Reserved.
Slide 20: Japan - Organic basis
Japan Results for Q3 YTD FY2026 – Organic basis %YoY %YoY Revenue Incl. Currency Segment Profit Incl. Currency currency effect neutral currency effect neutral 571.2 BN 2.6% － 43.6 BN 5.0% － Revenue ⚫ Sales volume rose 1% year on year, driven by growth in core brands and new products. ⚫ Price revisio
Slide 21: Japan - Revenue and market environment
Japan Results for Q3 YTD FY2026 – Organic basis Q3 YTD %YoY Market Environment & Needs ⚫ Market sales volume fell an estimated -4% year on year, FY2025 FY2026 reflecting the impact of price revisions as well as unseasonable weather during the peak season. Revenue ⚫ Demand for zero sugar/low sugar an
Slide 22: Japan - Segment profit bridge
Japan Results for Q3 YTD FY2026 – Organic basis 〈YoY Segment Profit Bridge〉 Sales volume increased on core brand enhancements (JPY BN) Sales and new product launches, lifting profit year on year, but volume unseasonable weather during the peak season kept it from reaching the expected level. Gross P
Slide 23: Europe - Organic basis
Europe Results for Q3 YTD FY2026 – Organic basis %YoY %YoY Revenue Incl. Currency Segment Profit Incl. Currency currency effect neutral currency effect neutral 335.2 BN 11.4% 0.6% 57.5 BN 6.8% -3.2% Revenue ⚫ France is still recovering, while the UK and Spain performed solidly. With a tailwind from
Slide 24: Europe - Revenue and market environment
Europe Results for Q3 YTD FY2026 – Organic basis Q3 YTD %YoY Market Environment & Needs ⚫ France: Consumption remained weak due to political instability and cooling consumer sentiment, but the beverage market grew, FY2025 FY2026 helped by this summer’s heat waves. ⚫ UK: The overall beverage market g
Slide 25: Asia - Organic basis
Asia Results for Q3 YTD FY2026 – Organic basis %YoY %YoY Revenue Incl. Currency Segment Profit Incl. Currency currency effect neutral currency effect neutral 249.8 BN 13.1% 4.9% 29.2 BN 5.4% -3.0% Revenue ⚫ Revenue increased beyond expectations, supported by higher sales volume from proactive and ef
Slide 26: Asia - Revenue and market environment
Asia Results for Q3 YTD FY2026 – Organic basis Q3 YTD %YoY Market Environment & Needs ⚫ Vietnam: GDP continues to grow strongly. While rising health FY2025 FY2026 consciousness is creating headwinds for carbonated soft drinks and other categories, growth in water and sports drinks is supporting mode
Slide 27: Oceania - Organic basis
Oceania Oceania Results for Q3 YTD FY2026 – Organic basis %YoY %YoY Revenue Incl. Currency Segment Profit Incl. Currency currency effect neutral currency effect neutral 92.6 BN 50.1% 31.7% 8.4 BN 30.4% 4.3% Revenue ⚫ Despite intensifying competition, mainly in the core energy category, and the impac
Slide 28: Americas - Organic basis
Americas Results for Q3 YTD FY2026 – Organic basis %YoY %YoY Revenue Incl. Currency Segment Profit Incl. Currency currency effect neutral currency effect neutral 154.8 BN 12.2% 4.7% 17.0 BN -1.5% -8.1% Revenue ⚫ Despite lower sales volume due to reduced handling of the water category and declines in
Slide 29: Detailed Case Study Vietnam: BOSS Coffee Energy
Detailed Case Study 01 Vietnam: BOSS Coffee Energy Captured a market opportunity from local drinking habits and transformed brand equity and technology developed in Japan into new value. Expanded the sales footprint across Vietnam and captured demand. Create value by leveraging our Execute with focu
Slide 30: Detailed Case Study Thailand: Suntory Hy! Water Lock
Detailed Case Study 02 Thailand: Suntory Hy! Water Lock Combined latent consumer needs with technology and know-how developed in Japan to create a new market and new demand. Further refined the product for local consumers and rolled it out from Thailand to Australia. Create value by leveraging our E
Slide 31: Brand Highlights: Q3 YTD Results
Brand Highlights: Q3 YTD Results Initiatives to revitalize existing brands and create new demand drove sales volume growth Japan Europe Asia France Vietnam ⚫ While health-consciousness is now firmly ⚫ Excluding the impact of the ⚫ Pepsi succeeded with Tet initiatives that established, we captured co
Slide 32: Suntory Beverage & Food
SUNTORY BEVERAGE & FOOD
Slide 33: Reference Materials
Reference Materials Reference materials are disclosed separately on the website of Suntory Beverage & Food Limited. Please refer to the following URL. （Japanese website）https://www.suntory.co.jp/softdrink/ir/library_earnings/ （English website） https://www.suntory.com/softdrink/ir/library_earnings/ ©
Slide 34: Forward Looking Statement
Forward Looking Statement This document has been prepared for informational purposes only and is not intended to constitute an investment solicitation or any other similar activity in Japan or abroad. This document contains forward-looking statements related to business and financial performance of
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