Member of the Financial Accounting Standards Foundation

Consolidated Financial Summary for
The Third Quarter Ended September 30, 2009

Listed company name: Coca-Cola West Company, Limited
Code number: 2579
Delegate: (Title) Representative Director, President & CEO
Contact: (Title) Corporate Officer, Manager of Finance
Expected date of quarterly report submission: November 6, 2009

October 28, 2009
Listed stock exchange listings: Tokyo(1st section),Osaka(1st section), Fukuoka
URL http://www.ccwest.co.jp/english
Name: Norio Sueyoshi
Name: Kiyotaka Yamada
Phone: +81-92-641-9199(Fractions of one million yen are round off)

１．Consolidated financial results for 3rd quarter 2009 (from January 1, 2009 to September 30, 2009)（Percentages indicate changes over the same period in the prior fiscal year）（1）Consolidated financial results (nine months ended)
Net sales
3rd quarter 2009
3rd quarter 2008

Operating income

Net income

Ordinary income

Million yen%

Million yen%

Million yen%

Million yen%

284,221
303,202

(2.4)

1,569
9,705

(15.6)

1,567
10,580(16.1)(5,912)
3,455(52.6)

Diluted earnings
per share

Earnings per sharerd

3 quarter 2009
3rd quarter 2008

Yen

Yen

(59.14)33.20-（2）Consolidated financial position
Total assets

Net assets

Million yenrd

3 quarter 2009
283,745
Full year 2008
277,696(Reference) Net assets (excl. minority interest)

Net assets (excl.
minority interests) tototal assets

Net assets (excl.
minority interests)
per share％

Yen

Million yen

224,768
234,521
3Q 2009 224,696 million yen

79.2
2,247.51
84.4
2,345.03
End of 2008 234,450 million yen

２．Dividends（Record date）

Cash dividends per share
End of 2Q
End of 3Q

End of 1Q
Yen

YenEnd of yearYen

21.00
Full year 2008
21.00
Full year 2009
Full year 2009
（Forecast）(Note) Revision of dividend forecast during this quarter: NoneYearlyYenYen-

22.00
-

43.00
--

21.00

42.00

３．Forecast of consolidated financial results 2009 (from January 1, 2009 to December 31, 2009)（percentages represent changes from previous year）

Net sales
million yen

Full year 2009

374,100

Operating income％ million yen

(5.4)

2,000

Recurring income％ million yen(81.0)

2,100％ million yen(81.0)(10,400)(Note) Revision of forecast of consolidated financial results during this quarter: Applicable1

Basic net income
per share

Net income％-Yen(104.02)

CCWEST consolidated financial summery for the third quarter ended September 30, 2009

４．Other（ 1 ） Changes to significant subsidiaries during the period (changes in certain specified
subsidiaries resulting in revised scope of consolidation)
Newly consolidated companies: Newly unconsolidated companies: （2）Adoption of simplified accounting method and special accounting method for consolidated
quarterly financial statements（3）Change in accounting policies, procedures, and methods of presentation, etc associated withpreparation of consolidated quarterly financial statements (Changes in important items
fundamental to the preparation of consolidated financial statements)
1) Changes due to amendment of accounting standards
2) Changes other than those in 1) above（4）Outstanding shares (common share)
1) Outstanding shares at the end of period (including treasury shares):
3Q 2009: 111,125,714 sharesFiscal Year 2008: 111,125,714 shares
2) Treasury shares at the end of period:
3Q 2009: 11,149,844 sharesFiscal Year 2008: 11,148,196 shares
3) Average number of outstanding shares at end of period (nine months)
3Q 2009: 99,976,738 shares
3Q 2008: 104,080,608 shares: None: Applicable: Applicable: Applicable* Information about proper usage of forecast of business results, and other special instructions
1. The statements concerning future performance that are presented in this document are based on judgment using
information to Coca-Cola West as of release date of this material. Certain risks and uncertainties could cause theresults of Coca-Cola West to differ materially from any projections presented herein.
2. From the current fiscal year, the company has applied the “Accounting Standard for Quarterly Financial Reporting”(Accounting Standards Board of Japan (ASBJ) Statement No.12) and the “Guidance on Accounting Standard for
Quarterly Financial Reporting (ASBJ Guidance No.14). The company presents its quarterly consolidated financial
statements in accordance with the Regulations for Quarterly Consolidated Financial Statements.

2

Consolidated Results
For Third-Quarter 2009
Appendix

1 . Situation of Consolidated Profit and Loss…

2 . Profits Change Factor (vs. plan)…

3 . Profits Change Factor (vs. last year)…

4 . Consolidated Balance Sheet and Change Factor…

5 . Investment, Depreciation, Cash Flow (Consolidated)…

6 . Projections…

7 . Sales Information…

8 . Number of Vending Machines, Market Share…

9 . Home Market Share…

Coca-Cola West Company, Limited (2579)
October 28, 2009

1234
6
7
8
1111

1. Situation of Consolidated Profit and Loss
(January 1, 2009 to September 30, 2009)(million yen, %)3Q 2009
3Q 2008
actualactualchange

Net Salesvs. last year

vs. planplan(*)% changechange% change

303,202

293,700

284,221(9,478)(3.2)(18,980)(6.3)

Operating Income

9,705

5,500

1,569(3,930)(71.5)(8,136)(83.8)

Recurring Income

10,5805,700

1,567(4,132)(72.5)(9,013)(85.2)Net Income (loss)

3,455

1,900

(5,912)(7,811)-(9,368)-* The above plan is based on performance forecast announced as of May 1, 2009.

Net Sales

Recurring Income(projection)
395,556
374,100＜million yen＞

2008

400,000＜million yen＞

2009
10,580177,188
188,570

200,000

2008(projection)
11,04810,000284,221
303,202

300,000

100,000

2009

5,000

3,776
376

79,952
88,2961,567

2,1000(1,114)0(5,000)(3,784)3 months

6 months

9 months

12 months

3 months

6 months

9 months

12 months

2008

88,296

188,570

303,202395,556

2008

376

3,776

10,58011,048

2009

79,952

177,188284,221374,100

2009(3,784)(1,114)

1,567

2,100

change(8,343)(11,382)(18,980)(21,456)

change(4,160)(4,891)(9,013)(8,948)% change

(9.4)

(6.0)

(6.3)

(5.4)

% change(85.2)(81.0)

Operating Income

Net Income＜million yen＞

2008

(projection)

2009＜million yen＞

20084,000

10,521

2009 3,455(projection)

9,705

10,000

433

188

129

0
5,000

3,142
1,569

242

(4,000)2,000

0(2,953)(1,708)(5,912)(8,000)(1,346)(5,000)(3,742)3 months

6 months

9 months

12 months(12,000)(10,400)

3 months

6 months

9 months

12 months

2008

242

3,142

9,705

10,521

2008

188

433

3,455

129

2009

(3,742)(1,346)

1,569

2,000

2009

(2,953)(1,708)(5,912)(10,400)

change(3,985)(4,489)(8,136)(8,521)change(3,142)(2,142)(9,368)(10,529)(83.8)(81.0)% change% change* Projections for the fiscal year ending December 31, 2009 are based on performance forecast announced as of October 28, 2009.

Appendix-1

2. Profits Change Factor (vs. plan)(January 1, 2009 to September 30, 2009)(million yen)

3Q 2009plan(*)

changeMajor factors for increase/decrease

actualNet Sales

293,700

284,221(9,478)

Cost of goods sold161,900

159,029(2,870)
Impact on decrease of sales volume

Gross profit

131,800

125,192(6,607) Sales to other bottlers
OtherSG&A

126,300

123,623(1,414)

Decrease in sales commission(757)

Decrease of fuel cost

(179)

Other(74)1,569(3,930)Non-operating income

1,000742(257)

Non-operating expenses

800

744

(56)

5,700

1,567

(4,132)

200

165

(35)
Impairment loss

Extraordinary losses

2,300

8,502

83

Decrease in personnel cost

(252)

5,500

Extraordinary income(589)(2,676) Decrease in advertising cost

Operating income

Rucurring income(6,101)

6,202

346

Loss on retirement of noncurrent assets

311

Expense for provision for sales equipment installation(346)

Group restructuring expenses(246)

OtherIncome (loss) before income taxes,minority interests and other adjustments

3,600(6,769)(10,368)

Income taxes

1,690(861)(2,550)Minority interests

105(5)Net income (loss)

1,900(5,912)(7,811)* The above plan is based on performance forecast announced as of May 1, 2009.

Appendix-2

6,092

Head office relocation expenses

45

3. Profits Change Factor (vs. last year)(January 1, 2009 to September 30, 2009)(million yen)

3Q 2008

3Q 2009

Main factors for increase/decreasechangeNet sales

303,202284,221(18,980)

Cost of goods sold176,286

159,029(17,257)

Gross profit

126,916

125,192

Impact on reform of SCM system

9,198

Sales to other bottlers

1,748(1,723) Impact on decrease of sales volume
Impact from sales of subsidiary companies
Other

SG&A

117,210

123,623

1,711

Decrease in personnel cost

(2,163)

Decrease in sales commission

(900)

(454)

Decrease of sales equipment cost

(199)

Decrease in advertising cost

(142)

(459)

742

(799)

Non-operating expenses

666

744

78

10,5801,567(9,013)

8,502

Decrease of fuel cost(534) Gain on sales of investment securities

1,541

165

Gain on sales of property, plant, equipment(241)

Impairment loss

6,092

Head office relocation expenses

358

Group restructuring expenses

159

Loss on sales of investment securities(401)

5,084 Expense for provision for sales equipment installation(352)

Loss on valuation of investment securities(306)

Loss on retirement of noncurrent assets(241)

Loss on sales of noncurrent assets

(237)

Other
Income (loss) before income taxes,minority interests and other adjustments

7,863(6,769)(14,632)

Income taxes4,396(861)(5,258)

Minority interests

105(5)Net income (loss)

3,455(5,912)(9,368)

Appendix-3(664)165

Non-operating income

3,417

Increase of employee retirement benefit

Subsidy income by investment(8,136)Extraordinary losses

9,198

25

1,569700

2

Other
9,705

Extraordinary income(543)

Impact on reform of SCM system

6,412 Impact from sales of consolidated companies

Operating income

Recurring income(12,128)

12

4. Consolidated Balance Sheet and Change Factor(million yen)Dec.31
2008
Current assets

Sep.302009changeMain factors for increase/decrease

82,074

88,154

6,080

Cach and deposit

18,592

19,133540

Trade notes andaccount receivable

21,527

24,116

2,589

Marketable securities

4,559

1,254

(3,304) Cancellation of investment trust fundMerchandise andfinished goods

11,97922,443

10,463 Increase by reform of the SCM system

Work in progress

087

87

658

2,169

1,510

24,872

19,074(5,798) Decrease of down payment

(116)

(124)

(8)

195,622

195,591(31)

136,005

141,502

5,496

Building and structures, net

33,271

34,544

1,273

Machinery, equipment,
vehicle, net17,553

19,801

2,247

Raw material and supplies

Other
Allowance for
doubtful accounts
Fixed assets
Property, plant andequipment

Investment
New head office, new production line in Akashi factory

Sales equipment, net

26,09925,974(125)Land

56,082

52,816(3,266)

5,360 Increase by introduction of lease accounting system-5,360Construction in progress

1,097

1,075(22)Other, net

1,900

1,930

29

Lease assets, net

Intangible fixed assets

4,449

4,015(434)SoftwareInvestment andother assets
Investment insecurities
Advanced payments
for retirement expenses

4,449

4,015

(434)

55,16650,073(5,093)32,13630,755(1,381)

13,307

12,032(1,275)

10,2447,760(2,484)

(522)

(475)

47

277,696283,745

6,049

Other
Allowance for
doubtful accounts
Total assets

Impairment loss
Fixed assets related to the restructuring of sales & logistics offices

Total assets
Totalassets

283,745277,696

Current
assets

88,154
82,074

Property,plant andequipment

141,502
136,005

Intangible
assets

4,015
4,449

Investments
and otherassets(million yen)

Sep.302009
Dec.31,
2008

50,07355,166050,000100,000

150,000

Appendix-4

200,000

250,000

300,000

350,000(million yen)Dec.31
2008
Current liabilities

Sep.302009changeMain factors for increase/decrease

25,76742,376

16,6093,854

12,8709,016 Increase by reform of the SCM system-3,800

3,800

-

2,178

2,178 Increase by introduction of lease accounting system

Accrued income taxes

2,769

528

Other account payable

13,977

15,878

1,901

Other

5,164

7,119

1,954

Long-term liabilities

17,407

16,600(807)

Lease obligations-3,273

3,273 Increase by introduction of lease accounting system

Allowance for employee'retirement benefits

5,394

5,509

115

Liabilities for directors'
and corporate auidtors'
retirement benefits

7135

Goodwill

1,037496(540)

Other

10,968

7,308(3,660)43,17458,97615,802

Trade notes andaccount payable
Current portion of
long-term debt
Lease obligation

Total liabilities(2,241) Decrease by income taxes payment

Common stock

15,231

15,231-

Capital surplus

109,073

109,072(0)Retained earnings

136,067

125,855(10,211)

Treasury stock(25,756)(25,758)

(1)

(165)

295

46171

710

Total shareholders' equity

234,521

224,768(9,752)

Total liabilities andnet assets

277,696283,745

6,049

Valuation difference on
available-for-salesecurities
Minority interests

Decrease by dividents payment
Net loss

Total liabilities and net assets

283,745277,696

Total liabilities
and net assets

58,97643,174

Totalliabilities

Sep.302009

42,37625,767

Current
liabilities

Dec.31
2008

16,60017,407Long-term
liabilities
Total
shareholders'equity(million yen)

224,768
234,521050,000100,000

150,000

Appendix-5200,000

250,000

300,000

350,000

5. Investment, Depreciation, Cash Flow (consolidated)(January 1, 2009 to September 30, 2009)(1) Investment, Depreciation(million yen)

3Q 2008

3Q 200913918

Buildings

629

4,350

Machinery & Equipment

832

6,237

Sales equipment

8,997

7,877

Other

4,031

2,956

Total

14,502

22,338Depreciation

16,20916,233

Investment

Land(2) Cash Flow(million yen)

3Q 2008
Cash flow fromoperating activities
Cash flow frominvesting activities
Cash flow fromfinancing activities
Cash and cash equivalents
at end of 3Q

3Q 2009

12,227

17,211

4,772(17,548)(28,849)(2,424)23,715

19,862

Appendix-6

6. Projections (consolidated)(January 1, 2009 to December 31, 2009)(1)Earnings(million yen, %)2008
actual (1)2009 plan

last time *this time (2)changeNet sales
395,556
387,200
374,100(13,100)
Operating income
10,5216,500
2,000(4,500)
Recurring income
11,0486,900
2,100(4,800)Net income (loss)
129
1,900
(10,400)(12,300)* There are changes from earning projections which released on May 1, 2009.
'Last time' are performance projections announced as of May 1, 2009.

% change(3.4)(69.2)(69.6)-change (3)(2) - (1)
(21,456)(8,521)(8,948)(10,529)(2)Investment, Depreciation(million yen)2008
actual2009 plan

Investment

last time* (1) this time (2) change (2)-(1)
Land
15930
918
(12)
Buildings
1,015
5,396
5,470
74
Machinery & Equipment
1,433
7,543
7,361
(182)
Sales equipment
10,359
9,994
9,511
(483)
Other
5,210
2,862
2,833
(29)
Total
18,032
26,72526,093(632)
Depreciation
21,741
21,47322,083610* There are changes from projections which released on May 1, 2009.
'Last time' are projections announced as of May 1, 2009.

Appendix-7% change(3) / (1)(5.4)
(81.0)(81.0)-7. Sales information(January 1, 2009 to September 30, 2009)＜Sales Volume by brand＞(thousand cases, %)3Q 2008

3Q 2009% change

9,937

10,036+1.0

Coca-Cola Zero

3,097

4,333

+39.9

Fanta

7,356

7,321

(0.5)

Georgia

30,80230,064(2.4)

Sokenbicha

11,156

10,516(5.7)

Aquarius

16,176

14,979(7.4)

Other64,031

61,002(4.7)

Total142,555

138,251(3.0)

BIG 6

Coca-Cola* Changing quantity equivalent in some products, we adjust sales volume as far as 2008.

＜Composition of brand＞

100%

80%
44.9%

44.1%

Other

11.3%

10.8%

Aquarius

7.6%

Sokenbicha

21.7%

Georgia

60%

40%

7.8%

21.6%
20%

5.3%

5.2%

Coca-Cola West Company Limited (2579)
2.2%

3.1%

7.0%

7.3%

Fanta
Coca-Cola Zero
Coca-Cola0%
3Q 2008

3Q 2009

Appendix-8

＜Sales volume by channel＞(thousand cases, %)3Q 2008% change

3Q 2009

Vending*150,398

46,204(8.3)

Chain store*235,768

38,016

+6.3

CVS

*3

14,286

14,161(0.9)

Retail*411,392

10,367(9.0)

Food service*513,934

13,573(2.6)

Other16,77815,931(5.0)

Total

142,555

138,251(3.0)* Changing quantity equivalent in some products, we adjust sales volume as far as 2008.
*1 Vending : Retail sales business to distribute products through vending machine to consumers*2 Chain store : Wholesale business for supermarket chains*3 CVS : Wholesale business for convenience store chains*4 Retail : Wholesale business for grocery stores, liquor shops and other over-the-counter outlets*5 Food service : Syrup sale business for fast food restaurants, movie theaters, sports arena,'family restaurants,' and theme parks＜Composition of channel＞

100%
11.8%

11.5%

Other

9.8%

9.8%

Food service

8.0%

7.5%

Retail

10.0%

10.2%

CVS

25.1%

27.5%

Chain store

35.4%

33.4%

Vending

80%

60%

40%

20%

Coca-Cola West Company Limited (2579)
0%
3Q 2008

3Q 2009

Appendix-9

＜Sales volume by package＞(thousand cases, %)3Q 2008
Bottle3Q 2009% change

1,534

1,512(1.4)

Small-sized (less than 1001ml)

30,86230,239(2.0)

Large-sized (more than 1,001ml)

25,672

26,792+4.4

56,53457,031+0.9

Can (include bottle can)47,76544,723

(6.4)

Other

5,004

4,630

(7.5)

Syrup, powder

31,71930,354

(4.3)

Total

142,555

138,251

(3.0)

PET

Subtotal* Changing quantity equivalent in some products, we adjust sales volume as far as 2008.

＜Composition of package＞

100%

25.8%

25.3%

Other

33.5%

32.3%

Can

18.0%

19.4%

Large PET

21.6%

21.9%

Small PET

1.1%

1.1%

Bottle3Q 2008

3Q 200980%60%

40%

20%0%

Appendix-10

8. Number of vending machines, Market share(1) Number of vending machines(Units)End of2008

End of3Q 2009changeCan machine

234,127

235,396+1,269

Cup machine

18,813

18,172

(641)

Total

252,940

253,568+628* The above units are the number of vending machines Coca-Cola West holds.
(2) Market Share
(%)

2008

2009
33.7

35.1

Out market share(Source : Intage Vending machine survey)

9. Home market share(January 1, 2009 to September 30, 2009)(%)
3Q 2008

3Q 2009

Total

22.1

22.3Supermarkets

22.5

23.0

CVS

18.6

19.0

Retail stores

27.6

25.8

Drug stores

21.0

23.2

(Source : Intage Inc. of Store Audit)* Home market share is a manufacturer's share at supermarkets, convenience stores, other retail stores.

Appendix-11