Beam Suntory, the spirits arm of Japanese group Suntory Holdings, said that revenue in 2016 financial year grew in the mid-single digit.
However, net sales for the alcoholic beverages segment which includes wine, beer and spirits declined 3.6% to ¥988.7bn yen ($8.69bn) year-on-year. The company noted that the spirits division performed strongly, driven by robust growth for brands such as Jim Beam, Maker’s Mark, Hornitos tequila, Japanese ready-to-drink products and premium and scotch whiskies.
The company said results in international markets reflected broad-based growth across developed and emerging markets.
In the Americas region, the United States led with Mid-single digit sales growth. The company had even better success rate in Spain, India, Russia and Southeast Asia, where it achieved double-digit sales gains.
Beam Suntory’s Japan’s spirit business saw a 3% year-on-year sales growth, with Jim Beam, Torys Classic, Chita – a single grain whisky achieving “significant” growth.
The company’s RTD beverages expanded 14% due to higher consumer demand for canned highball serves – 196ºC Strong Zero and Horoyoi.
The alcoholic beverage maker said that its beer segment contracted in the period with a 3% sales decline to 71.65 million cases. However, its wine segment saw a little bump of 1% year-on-year.
Net income for the spirits, beer and wine segment rose 12.7% to ¥88.3bn.
Looking forward, Beam Suntory said it will look to “build its premium brands, leverage strong routes to market” and work on its “organizational efficiency and effectiveness”, with a 3.2% targeted increase in sales.