Financials
February 16, 2024
Financial Highlights(IFRS)
| (Billion Yen) | 2017/12 | 2018/12 | 2019/12 | 2020/12 | 2021/12 | 2022/12 | 2023/12 | |
|---|---|---|---|---|---|---|---|---|
| Bonds and Borrowings | 1,831.3 | 1,592.0 | 1,426.9 | 1,442.0 | 1,381.0 | 1,349.7 | 1,347.8 | |
| Net valuation gain (loss) arising from derivative transactions |
(±) | -30.1 | -9.4 | -8.1 | 14.4 | -12.4 | -29.7 | -34.9 |
| Bonds and Borrowings (adjusted) | 1,801.2 | 1,582.7 | 1,418.7 | 1,456.4 | 1,368.6 | 1,320.0 | 1,312.9 | |
| Cash and cash equivalents | (－) | 359.5 | 272.4 | 255.3 | 338.3 | 297.7 | 301.9 | 318.6 |
| Net Debt | 1,441.7 | 1,310.2 | 1,163.4 | 1,118.1 | 1,070.9 | 1,018.1 | 994.3 | |
| Lease liabilities※ | (＋) | - | - | 100.9 | 104.2 | 125.1 | 118.7 | 119.9 |
| Equity credit for Hybrid bonds and subordinated loans*1 |
(－) | 233.8 | 227.8 | 223.0 | 199.0 | 199.0 | 199.0 | 199.0 |
| Net Debt (Adjusted for Hybrid bonds and subordinated loans)※ |
① | 1,207.9 | 1,082.4 | 1,041.3 | 1,023.3 | 997.0 | 937.8 | 915.2 |
| Total equity | 1,545.7 | 1,651.7 | 1,793.9 | 1,814.3 | 2,147.4 | 2,622.8 | 3,058.3 | |
| Total equity (Adjusted for Hybrid bonds and subordinated loans) |
② | 1,779.6 | 1,879.5 | 2,016.9 | 2,013.3 | 2,346.4 | 2,821.8 | 3,257.3 |
| EBITDA※ | ③ | 359.3 | 351.5 | 385.3 | 343.9 | 375.7 | 406.2 | 458.3 |
| D/E Ratio (Adjusted for Hybrid bonds and subordinated loans)※ |
(①÷②) | 0.68 | 0.58 | 0.52 | 0.51 | 0.42 | 0.33 | 0.28 |
| D/EBITDA Ratio (Adjusted for Hybrid bonds and subordinated loan)※ |
(①÷③) | 3.4 | 3.1 | 2.7 | 3.0 | 2.7 | 2.3 | 2.0 |
※Suntory Group has adopted IFRS 16 "Leases" since FY2019
*1 Equity credit for subordinated loans and bonds
August 13, 2024
Subordinated loans and bonds
| Date of issue | Name of Subordinated loans and bonds |
Currency | Amount (Billion of Yen) |
Outstanding Balance (Billion of Yen) |
Equity Credit (%) |
Equity credit for subordinated loans and bonds (Billion of Yen) |
Maturity Date | Reference |
| July 31, 2020 | Subordinated loan | JPY | 96.0 | 96.0 | 50% | 48.0 | July 31, 2080 (After July 31, 2025 Early redeemable on every payment date) |
 |
|---|---|---|---|---|---|---|---|---|
| December 28, 2021 | Subordinated loan | JPY | 60.0 | 60.0 | 50% | 30.0 | December 29, 2081 (After December 28, 2026 Early redeemable on every payment date) |
|
| December 28, 2021 | The 3rd Series of Unsecured Subordinated Bonds | JPY | 42.0 | 42.0 | 50% | 21.0 | December 26, 2081 (After December 28, 2026 Early redeemable on every payment date) |
|
| March 22, 2023 | The 4th Series of Unsecured Subordinated Bonds | JPY | 19.6 | 19.6 | 50% | 9.8 | March 22, 2083 (After March 22, 2028 Early redeemable on every payment date) |
|
| April 24, 2023 | Subordinated loan | JPY | 52.4 | 52.4 | 50% | 26.2 | April 26, 2083 (After April 24, 2028 Early redeemable on every payment date) |
|
| August 13, 2024 | Subordinated loan | JPY | 70.0 | 70.0 | 50% | 35.0 | August 14, 2084 (After August 13, 2029 Early redeemable on every payment date) |
|
| * Total (Billion of Yen) |
340.0 | - | 170.0 |
*Subordinated debt amount and equity credit for it as of Dec 31, 2023 were 398.0 and 199.0 Billion Yen, respectively.