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Financials

Financial Highlights

J-GAAP
  • *Net debt = Bank loans + Corporate bonds - Cash & cash equivalents
  • *EBITDA = Operating income + Depreciation + Amortization of goodwill etc.
  • *D/EBITDA ratio = Net debt/EBITDA
  • *D/E ratio = Net debt/Net assets
  • (Adjusted for Hybrid bonds and subordinated loans)
IFRS
  • *Net debt = Bonds and borrowings - Cash and cash equivalents
  • *EBITDA = Operating income + Depreciation and amortization - other income + other costs
  • *D/EBITDA ratio = Net debt/EBITDA
  • *D/E ratio = Net debt/Total equity
  • (Adjusted for Hybrid bonds and subordinated loans)
J-GAAP IFRS
2015/12 2016/12 2016/12 2017/12 2018/12 2019/12
2015/6 2015/12 2016/6 2016/12 2016/12 2017/12 2018/6 2018/12 2019/6
Bonds and Borrowings (Million Yen) 2,055,217 2,063,279 1,994,696 1,943,827 1,943,827 1,831,265 1,635,874 1,592,026 1,452,891
Net valuation gain (loss) arising from derivative transactions (Million Yen) - - - - -18,765 30,052 15,429 9,371 3,650
Bonds and Borrowings (adjusted) (Million Yen) - - - - 1,962,593 1,801,213 1,620,445 1,582,654 1,449,240
Cash and cash equivalents (Million Yen) - - - - 352,519 359,518 211,110 272,425 165,708
Cash & cash equivalents (Million Yen) 228,338 258,622 345,366 353,157 - - - - -
Net Debt (Million Yen) 1,826,878 1,804,657 1,649,330 1,590,670 1,610,074 1,441,694 1,409,334 1,310,229 1,283,531
Equity credit for Hybrid bonds and subordinated loans (Million yen)* 223,300 241,800 223,099 237,562 237,561 233,845 227,485 227,810 225,545
Net Debt (Million Yen)
(Adjusted for Hybrid bonds and subordinated loans)
1,603,578 1,562,857 1,426,231 1,353,108 1,372,512 1,207,849 1,181,848 1,082,418 1,057,985
Total equity (Million Yen) - - - - 1,272,134 1,545,713 1,591,947 1,651,689 1,654,281
Net assets (Million Yen) 1,200,328 1,162,629 941,882 1,156,720 - - - - -
Total equity (Million Yen)
(Adjusted for Hybrid bonds and subordinated loans)
- - - - 1,509,696 1,779,558 1,819,433 1,879,499 1,879,827
Net assets (Million Yen)
(Adjusted for Hybrid bonds and subordinated loans)
1,423,628 1,404,429 1,164,981 1,394,282 - - - - -
EBITDA (Million Yen) 151,083 344,425 164,575 352,237 348,436 359,293 160,036 351,496 182,078
D/E Ratio
(Adjusted for Hybrid bonds and subordinated loans)
1.1 1.11 1.2 0.97 0.91 0.68 0.65 0.58 *1
0.62
D/EBITDA Ratio
(Adjusted for Hybrid bonds and subordinated loan)
- 4.5 - 3.8 3.9 3.4 - 3.1 -
*1 Including lease liability (Suntory Group has adopted IFRS 16 "Leases" since FY2019)

*Equity credit for Hybrid bonds and subordinated loans

August 19, 2019

Subordinated loans

Date of issue Name of
Subordinated loans
Currency Amount
(Millions in
local currency)
Outstanding Balance
(Millions in
local currency)
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 Tranche B JPY 50,000 50,000 50,000 50% 25,000 December 29, 2071
(After December 29, 2021
Early redeemable on every payment date)
July 31, 2015 Tranche A
Tranche B
JPY 50,000 50,000 50,000 75% 37,500 July 31, 2075
(After July 31, 2020
Early redeemable on every payment date)
Tranche C USD 420 420 *2
46,620
75% 34,965 July 31, 2075
(After July 31, 2020
Early redeemable on every payment date)
June 28, 2016 Tranche A JPY 22,000 22,000 22,000 50% 11,000 December 28, 2076
(After December 28, 2021
Early redeemable on every payment date)
December 29, 2016 Tranche B JPY 30,000 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 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 28,000 50% 14,000 August 2, 2079
(After August 2, 2024
Early redeemable on every payment date)
August 13, 2019 - JPY 100,000 100,000 100,000 50% 50,000 August 14, 2079
(After August 13, 2024
Early redeemable on every payment date)
Total
(Millions of Yen)
398,620 - 223,465
*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.
*2 USD1=JPY111.00