Financials

February 25, 2021

Financial Highlights(IFRS)

(Million Yen) 2016/12 2017/12 2018/12 2019/12 2020/12
Bonds and Borrowings 1,943,827 1,831,265 1,592,026 1,426,874 1,441,993
Net valuation gain (loss) arising from
derivative transactions
(±) 18,765 -30,052 -9,371 -8,126 14,388
Bonds and Borrowings (adjusted) 1,962,593 1,801,213 1,582,654 1,418,748 1,456,381
Cash and cash equivalents (-) 352,519 359,518 272,425 255,302 338,259
Net Debt 1,610,074 1,441,694 1,310,229 1,163,445 1,118,121
Lease liabilities※ (+) - - - 100,879 104,163
Equity credit for Hybrid bonds and
subordinated loans*1
(-) 237,561 233,845 227,810 223,011 199,000
Net Debt
(Adjusted for Hybrid bonds and subordinated loans)※
1,372,512 1,207,849 1,082,418 1,041,313 1,023,284
             
Total equity 1,272,134 1,545,713 1,651,689 1,793,887 1,814,347
Total equity
(Adjusted for Hybrid bonds and subordinated loans)
1,509,696 1,779,558 1,879,499 2,016,898 2,013,347
             
EBITDA※ 348,436 359,293 351,496 385,286 343,888
             
D/E Ratio
(Adjusted for Hybrid bonds and subordinated loans)※
(①÷②) 0.91 0.68 0.58 0.52 0.51
D/EBITDA Ratio
(Adjusted for Hybrid bonds and subordinated loan)※
(①÷③) 3.9 3.4 3.1 2.7 3.0
※Suntory Group has adopted IFRS 16 "Leases" since FY2019

*1 Equity credit for Hybrid bonds and subordinated loans

Hybrid bonds and subordinated loans

Date of issue Name of
Subordinated loans
Currency Amount
(Millions of Yen)
Outstanding Balance
(Millions of Yen)
Equity Credit**1
(%)
Equity credit for Hybrid bonds and
subordinated loans**1
(Millions of Yen)
Maturity Date Reference
December 29, 2011 Subordinated loan
(Tranche B)
JPY 50,000 50,000 50% 25,000 December 29, 2071
(After December 29, 2021
Early redeemable on every payment date)
June 28, 2016 Subordinated loan
(Tranche A)
JPY 22,000 22,000 50% 11,000 December 28, 2076
(After December 28, 2021
Early redeemable on every payment date)
December 29, 2016 Subordinated loan
(Tranche B)
JPY 30,000 30,000 50% 15,000 December 29, 2076
(After December 29, 2021
Early redeemable on every payment date)
April 25, 2018 The 1st Series of Unsecured Subordinated Bonds JPY 72,000 72,000 50% 36,000 April 25, 2078
(After April 25, 2023
Early redeemable on every payment date)
August 2, 2019 The 2nd Series of Unsecured Subordinated Bonds JPY 28,000 28,000 50% 14,000 August 2, 2079
(After August 2, 2024
Early redeemable on every payment date)
August 13, 2019 Subordinated loan JPY 100,000 100,000 50% 50,000 August 14, 2079
(After August 13, 2024
Early redeemable on every payment date)
July 31, 2020 Subordinated loan JPY 96,000 96,000 50% 48,000 July 31, 2080
(After July 31, 2025
Early redeemable on every payment date)
Total
(Millions of Yen)
398,000 - 199,000
**1 Equity credit for Hybrid bonds and subordinated loans is the amount of Hybrid bonds and subordinated loans multiplied by equity credit recognized by Japan Credit Rating Agency and Moody's Japan.