To whom it may concern
June 17, 2003
Company:Coca-Cola West Japan Company, Limited

Representative:

Norio Sueyoshi, Representative Director, President & CEO

Code No.

2579, listed on the Tokyo Stock Exchange (First Section), theOsaka Securities Exchange (First Section), and the Fukuoka
Stock Exchange

Inquiries:

Tadanori Taguchi, Manager of the Financial Department
Tel.: +81-92-641-9132

Announcement of Changes in the Group’s Retirement Benefit Scheme and Revised Business
Prospects (CCWJ and Consolidated)

Starting this fiscal year, the Coca-Cola West Japan Group has been reviewing and revising various corporate
schemes based on its mid-term management plan. As part of these efforts, it has considered changing the Group’s
retirement benefit scheme, and proposed changes that were approved by the Minister for Health, Labor andWelfare as of June 1, 2003.
These changes have resulted in a fall in retirement benefit liabilities, creating past service liabilities. As aconsequence, CCWJ’s and consolidated business performance prospects for fiscal year 2003 ending next
December (January 1 through December 31, 2003) have been revised as follows:

1.

Changing to a Group retirement benefit scheme
The individual retirement benefit schemes which were operated separately by the Group’s member companies
have been combined into a consolidated Coca-Cola West Japan Group Retirement Benefit Scheme. Also, apoints system based on job responsibilities has been introduced into the combined scheme. These changes
were approved by the Minister for Health, Labor and Welfare as of June 1, 2003.
The changed scheme has brought about a fall in retirement benefit liabilities, creating past service liabilities(¥9.1 billion for the consolidated Group and ¥9.2 billion for CCWJ only).
This is expected to cut the Group’s consolidated retirement benefit expenditure in fiscal 2003 ending next
December by ¥7.4 billion (¥2.4 billion for the first six months) and CCWJ’s expenditure by ¥6.5 billion (¥2.2billion).
Because of the performance-based profit sharing system, however, the actual increase in the consolidated
operating income is expected to be ¥5.8 billion in the year ending next December (¥1.9 billion for the first sixmonths) and the increase in CCWJ’s operating income to be ¥4.9 billion (¥1.7 billion).
The newly consolidated Group Retirement Benefit Scheme includes the six Group companies engaged in
Coca-Cola business: Coca-Cola West Japan Co., Ltd., Coca-Cola West Japan Products Co., Ltd., West Japan1

Beverage Co., Ltd., Coca-Cola West Japan Vending Co., Ltd., LOGICOM Japan Co., Ltd., and West Japan
Customer Service Co., Ltd.
Performance-based profit sharing system: A system in which, when the corporate profit exceeds acertain level, part of the profit will be distributed among the employees as a bonus based on a fixed
distribution principle.

2.

Revised business prospects (CCWJ and consolidated)(1) Revised prospects for the first half of fiscal 2003 (January 1 through June 30, 2003)
１）Consolidated performance(In ¥million)
Sales

Operating

Ordinary income

incomePrevious prospects (A) (Announced on118,500

First half net
income

5,500

5,700

3,300

February 18, 2003)
Revised prospects (B)115,000

7,700

7,900

3,700

Increase or decrease (B) − (A)△ 3,500

2,200

2,200400

Rate of increase or decrease

△ 3.0

40.0

38.6

12.1

Performance in the same period, 2002

117,2116,614

6,7643,145２）CCWJ’s performance(In ¥million)
SalesOperating

Ordinary income

incomePrevious prospects (A) (Announced onFirst half net
income90,500

5,800

6,000

3,500

87,500

7,400

7,800

3,800

February 18, 2003)
Revised prospects (B)Increase or decrease (B) − (A)△ 3,000

1,600

1,800

300

Rate of increase or decrease

△ 3.3

27.6

30.0

8.6

Performance in the same period, 2002

74,327

3,662

4,234

2,251

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(2) Revised business prospects for fiscal year 2003 (January 1 through December 31, 2003)
１）Consolidated performance(In ¥million)
Sales

Operating

Ordinary income

incomePrevious prospects (A) (Announced on

Annual net
income254,000

15,00015,3009,000

Revised prospects (B)249,000

19,70020,00010,500

Increase or decrease (B) − (A)△ 5,000

4,700

4,700

1,500

Rate of increase or decrease

△ 2.0

31.3

30.7

16.7

Performance in the previous year (fiscal

247,737

16,70417,005

7,086

February 18, 2003)

2002)(Reference) Expected net income per share for fiscal 2003 (full year): ¥128.17２）CCWJ’s performance(In ¥million)
Sales

Operating

Ordinary income

incomePrevious prospects (A) (Announced on

Annual net
income194,000

14,00014,9008,600

Revised prospects (B)191,000

18,00018,50010,100

Increase or decrease (B) − (A)△ 3,000

4,000

3,600

1,500

February 18, 2003)

Rate of increase or decrease

△ 1.5

28.6

24.2

17.4

Performance in the previous year (fiscal

174,594

12,834

13,774

5,3782002)(Reference) Expected net income per share for fiscal 2003 (full year): ¥123.29(3) Reasons for revision
Operating and ordinary incomes:
Although sales will probably fall owing to lower volumes and changes in product mix, both operating
and ordinary incomes are expected to rise because of the change in the retirement benefit scheme, which
will create past service liabilities (a decrease in debt), lowering retirement benefit expenditures.
Net income for the half-year period
The large increases in operating and ordinary incomes are expected to push up the net income for thishalf-year period, though some extraordinary loss will arise from product disposal.
(Note) The above prospects are based on the data and information available as of the day when this document ispublished, and the actual performance may differ significantly from these prospects due to a number of factors that
may occur or vary in the future.

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