Member of the Financial Accounting Standards Foundation

Consolidated Financial Summary for
the Third Quarter Ended September 30, 2013 (Japanese Standard)
November 1, 2013
Listed company name: Coca-Cola West Company, Limited
Listed stock exchanges: Tokyo and Fukuoka
Code number: 2579
URL: http://www.ccwest.co.jp/english
Delegate: Title: Representative Director, President
Name: Tamio YoshimatsuContact: Title: Department Manager, Finance Department Name: Masakiyo Uike
Phone: +81-92-641-8585
Expected date of quarterly report submission: November 8, 2013
Expected date of the dividend payments: FY 2013 3Q supplementary information: Yes
FY 2013 3Q financial presentation: Yes(Fractions of one million yen are round off)

１．Consolidated financial results for the 3rd quarter 2013 (from January 1, 2013 to September 30, 2013)（Percentages indicate changes over the same period in the prior fiscal year）（1）Consolidated financial results
Net revenues

Operating income

Net income

Recurring income

million yen%

million yen%million yen%million yen%

327,218

10.4

13,30227.2

14,01734.0

15,832251.2

10,457(21.0)

10,460(20.2)

4,507(25.7)

3rd quarter 2013

3rd quarter 2012
296,400 (3.1)
Note: Comprehensive income
3Q 2013: 17,941 million yen <276.8%>

3Q 2012: 4,761 million yen <(2.3)%>
Diluted earnings
per share

Earnings per shareyenyen

3rd quarter 2013150.10−

3rd quarter 2012

45.09

−

（2）Consolidated financial position
Total assets

Net assets (excl.
minority interests) tototal assets

Net assets

million yen

million yen%

374,618

259,546

69.2

Full year 2012
337,348
Reference: Net assets (excl. minority interests)
3Q 2013: 259,177 million yen

231,056

68.4

3rd quarter 2013

End of 2012: 230,676 million yen

２．Dividends
Dividends per share（Record date）

End of 1Q

End of 2Q
yen

End of 3Q
yenYear-end

Annualyen

yenyenFull year 2012
−
20.00
−
Full year 2013
20.00−−
Full year 2013
（Forecast）
Note: Revisions to the cash dividends forecasts most recently announced: None

21.00

41.00

21.00

41.00

３．Forecast of consolidated financial results 2013 (from January 1, 2013 to December 31, 2013)（Percentages indicate changes over the same period in the prior fiscal year）

Net revenues
Full year 2013

Operating incomemillion yen%million yen

440,600

14.0

17,800Recurring income% million yen

32.2

17,900Earnings
per shareNet income%million yen%

yen

29.3

17,700193.5

166.47

Note: Revisions to the forecasts of consolidated financial results most recently announced: None

Notes（1）Changes in significant subsidiaries during the current period(changes in specified subsidiaries resulting in change in scope of consolidation)
New consolidated company: 1
Name of the company: Minami Kyushu Coca-Cola Bottling Co., Ltd.
（ 2 ） Application of special accounting for preparing the quarterly consolidated financial
statement: Yes: None（3）Changes in accounting policies, changes in accounting estimates, and restatement of priorperiod financial statements after error corrections
1) Changes in accounting policies due to revisions to accounting standards and otherregulations
2) Changes other than those in 1) above
3) Changes in accounting estimates
4) Restatement of prior period financial statements after error corrections: Yes: None: Yes: None（4）Number of outstanding shares (common share)
1) Number of outstanding shares at the end of period (including treasury shares):
3Q 2013: 111,125,714 shares
FY 2012: 111,125,714 shares
2) Number of treasury shares at the end of period:
3Q 2013: 1,981,547 shares
FY 2012: 11,155,261 shares
3) Average number of outstanding shares at end of period (nine months):
3Q 2013: 105,475,094 shares
3Q 2012: 99,971,356 shares* Indication regarding execution of quarterly review procedures
At the time of disclosure of this quarterly financial summary, the review procedures for quarterly financial statementsin accordance with the Financial Instruments and Exchange Act are in progress.
* Explanation regarding appropriate use of the forecast, other special instructions
Figures in the above forecast are based on information available to management at the time of announcement.
Due to number of inherent uncertainties in the forecast, actual results may differ materially from the forecast.

Consolidated Results
For The Third-Quarter 2013
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 (consolidated)…

7 . Sales Information…

8 . Number of Vending Machines, Market Share…

9 . Home Market Share…

10 . Segment Information…

-Creating a happy tomorrow for everyone-

Coca-Cola West Co., Ltd. (2579)
November 1, 2013

112
3
5
6
7
10
1010

1. Situation of Consolidated Profit and Loss
(January 1, 2013 to September 30, 2013)(million yen, %)3Q 2013
3Q 2012actualplan*

vs. planactualchange

vs. last year% changechange% change

Net revenues

296,400

330,600327,218(3,381)(1.0)

30,818

10.4

Operating income

10,457

14,30013,302(997)

(7.0)

2,845

27.2

Recurring income

10,46014,90014,017(882)

(5.9)

3,556

34.0

Net income

4,507

16,30015,832(467)(2.9)

11,324

251.2* The above plan is based on performance forecast announced as of July 26, 2013.

2. Profits Change Factor (vs. plan)(January 1, 2013 to September 30, 2013)(million yen)

3Q 2013

Net revenues

changeplan*

actual

330,600

327,218

Main factors for increase/decrease(3,381)

Impact on the soft drink business
Impact on the healthcare and skincare business

Cost of goods sold163,900

163,763(136)Gross profit

166,700

163,455(3,244)

SG&A

152,400

150,152(2,247)

Operating income

14,30013,302(997)

Non-operating income

1,600

1,625

25

Non-operating expenses

1,000911(88)Rucurring income

14,90014,017(882)

Extraordinary income

14,50014,438(61)Extraordinary losses

6,800

6,791

(8)

Income before income taxes
and minority interests

22,60021,664(935)

Income taxes

6,225

5,795(429)

Income before minority interests

16,375

15,868(506)7536(38)

16,30015,832(467)

Minority interests
Net income* The above plan is based on performance forecast announced as of July 26, 2013.

Appendix-1

Impact on the soft drink business(3,075)(306)(2,991)

Impact on the healthcare and skincare business(253)

Decrease of business consignment expenses(768)

Decrease in personnel cost

(576)

Decrease of sales commission(240)

Decrease of sales promotion & ad expenses(235)

Decrease of depreciation cost

(193)

Increase of transportation expenses

760

Increase of sales equipment cost309

Impact on the healthcare and skincare business(395)

3. Profits Change Factor (vs. last year)(January 1, 2013 to September 30, 2013)(million yen)

3Q 2012
Net revenues

296,400

3Q 2013327,218

Main factors for increase/decreasechange30,818Impact on the soft drink business
Impact on the healthcare and skincare business

Cost of goods sold

150,088

163,763

13,674Gross profit

146,312

163,455

17,143

Impact on the soft drink business
Impact on the healthcare and skincare business

SG&A

Operating income

135,854

150,152

30,278539

16,676466

Increase in personnel cost

4,378

Increase of transportation expenses

2,927

Increase of sales commission

2,920

14,297 Increase of sales equipment cost

1,572

Increase of depreciation cost846

Increase of business consignment expenses

698

Impact on the healthcare and skincare business

841

10,457

13,302Non-operating income

746

1,625

Non-operating expenses

742

911

168

10,46014,017

3,556

Extraordinary income−

14,43814,438 Gain on negative goodwill

14,438Extraordinary losses

821

6,791

5,969

Loss on step acquisitions

5,567

Impairment loss

1,008

Recurring income

2,845
879 Investment gain on equity method

Income before income taxes
and minority interests

9,639

21,664

12,024

Income taxes

5,108

5,795

686

Income before minority interests

4,530

15,868

11,337

22

36

13

4,507

15,832

11,324

Minority interests
Net income

Appendix-2868

4. Consolidated Balance Sheet and Change Factor(million yen)Dec.31
2012

Sep.302013

120,411
22,157

142,377
33,29821,966
11,14023,472

28,891

5,419

30,70233,8203,117

24,22624,324

97

472
1,662
18,131679
3,265
18,543

207
1,603
412

(414)

(446)

(32)

216,937

232,240

15,303

127,754

151,044

23,29032,25936,486

4,226

18,48726,007

7,520

20,72752,2082,245
1,826
49,91444,723
5,190

26,52060,10039
1,890
49,26742,851
6,415

5,793
7,892
(2,205) Decrease by completion of production line at Akashi Plant
63(646)(1,871)
1,225

39,26831,928(7,340)25,73817,478(8,259) Decrease of its shares (affiliated company) associated with making

4,729

4,954

225

9,277

9,961

684

(476)

(466)

10

337,348374,618

37,269Current assets
Cash and deposits
Trade notes andaccounts receivable
Marketable securities
Merchandise andfinished goods
Work in process
Raw materials and supplies
Other
Allowance for
doubtful accounts
Fixed assets
Property, plant andequipment
Buildings and structures, net
Machinery, equipment,
vehicles, net
Sales equipment, net
LandConstruction in progress
Other, net
Intangible assets
Goodwill
OtherInvestments andother assets
Investment securities
Advanced payments
for retirement expenses
Other
Allowance for
doubtful accounts
Total assetschangeMain factors for increase/decrease

Minami Kyushu CCBC a wholly-owned subsidiary

Total assets
374,618

Total
assets337,348

Current
assets142,377
120,411

Property,plant andequipment

151,044
127,754
49,26749,914

Intangible
assetsDec.31
2012

31,92839,268Investments
and otherassets(million yen)

Sep.302013

050,000100,000

150,000

200,000

Appendix-3

250,000

300,000

350,000

400,000(million yen)Dec.312012
Current liabilities
Trade notes andaccounts payable
Current portion of long-termloans payable
Accrued income taxes
Other accounts payable
Provision for sales
promotion expenses
Other
Long-term liabilities
Bonds payableLong-term loans payable

Sep.302013

changeMain factors for increase/decrease

40,98850,5389,550

14,502

18,244

3,741

2,517

2,517

−

3,006
14,6302,568
16,146(438)
1,516

173

197

23

6,156
65,30350,0007,755

10,86364,53350,000
5,242

4,706
(770)
−
(2,513)

Allowance for employees'
retirement benefits

947

1,968

1,020

Liabilities for directors'
and corporate auidtors'
retirement benefits

130

142

12

6,470
106,292
231,125
15,231109,072
132,587(25,765)

7,180
115,071257,554
15,231109,072
137,826(4,576)

(449)

1,623

2,072

(449)

1,700

2,150

−
380
231,056(77)
368
259,546(77)(11)
28,490337,348374,618

37,269

Other
Total liabilities
Shareholders' equity
Common stock
Capital surplus
Retained earnings
Treasury stock
Accumulated othercomprehensive income
Net unrealized gains (loss) onother marketable secrities
Deferred gains (loss) on hedges

Minority interests
Net assets
Total liabilities andnet assets

709
8,779
26,428−−
5,239
21,189 Decrease associated with stock exchange with Minami Kyushu CCBC

Total liabilities and net assets

374,618

Total liabilities
and net assets

337,348
115,071
106,292

Totalliabilities

Sep.302013

50,53840,988Currentliabilities

Dec.31
2012

64,53365,303Long-term
liabilities

259,546

Net assets(million yen)

231,0560

50,000100,000

150,000

200,000

Appendix-4

250,000

300,000

350,000

400,000

5. Investment, Depreciation, Cash Flow (consolidated)(January 1, 2013 to September 30, 2013)(1) Investment, Depreciation(million yen)

3Q 2012Investment

Land
Buildings
Machinery & Equipment
Sales equipment
Other
Construction in progress

TotalDepreciation

3Q 2013
−492
5,637
7,875
3,967
(2,205)
15,767
17,553

20
2,074
2,398
7,598
3,046
2,179
17,31815,324(2) Cash Flow(million yen)

3Q 2012
Cash flow fromoperating activities
Cash flow frominvesting activities
Cash flow fromfinancing activities
Cash and cash equivalents
at end of 3Q

3Q 2013

19,735

34,100(10,276)(25,436)(7,056)(8,077)36,96745,558

Appendix-5

6. Projections (consolidated)(January 1, 2013 to December 31, 2013)(1) Earnings(million yen, %)2012
actualNet revenuesOperating income
Recurring income
Net income

2013
plan

386,637
13,463
13,845
6,031

440,600
17,80017,90017,700(2) Investment, Depreciation(million yen)2012
actualInvestment

Land
Buildings
Machinery & Equipment
Sales equipment
Other
Total
Depreciation

20
2,229
2,991
8,704
6,085
20,031
20,643

Appendix-6

2013
plan−
942
7,694
10,7105,522
24,86924,336change53,962
4,336
4,054
11,668% change
14.0
32.2
29.3
193.5

7. Sales information(January 1, 2013 to September 30, 2013)<Sales volume by brand>(thousand cases, %)3Q 2012
9,933
4,454
5,709
28,3398,267
16,2287,598
6,626
55,891
143,045

Core 8

Coca-Cola
Coca-Cola Zero
Fanta
Georgia
Sokenbicha
Aquarius
Ayataka
I LOHAS
OtherTotal

3Q 2013% change

11,6965,696
6,874
31,485
9,136
19,772
10,734
7,534
60,367
163,292

17.7
27.9
20.4
11.1
10.5
21.8
41.3
13.7
8.0
14.2

<Composition of brand>
100%

80%

39.1%

60%

4.6%

37.0%

Other

4.6%

I LOHAS

6.6%

Ayataka

11.4%

12.1%

Aquarius

5.8%

5.6%

Sokenbicha

19.8%

19.3%

Georgia

4.0%
3.1%

4.2%Fanta

6.9%

7.1%

3Q 2012

3Q 2013

5.3%

40%

20%

3.5%0%

Appendix-7

Coca-Cola ZeroCoca-Cola

<Sales volume by channel>(thousand cases, %)3Q 2012VendingSupermarket
CVS
RetailFood service
Other

3Q 201339,71740,816
16,1299,644
14,81321,925143,045

*1
*2
*3
*4
*5

Total

% change

44,64350,664
17,618
11,175
15,82723,365
163,292

12.4
24.1
9.2
15.9
6.8
6.6
14.2

*1 Vending : Retail sales business to distribute products through vending machine to consumers*2 Supermarket : Wholesale business for supermarket, drug store, discount store, home center 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%
15.3%

80%

10.4%
6.7%

60%

40%

11.3%

14.3%

Other

9.7%

Food service

6.9%

Retail10.8%

CVS

28.5%

31.0%

27.8%

27.3%

3Q 2012

3Q 2013Supermarket

20%0%

Appendix-8

Vending<Sales volume by package>(thousand cases, %)3Q 2012
Small-sized(less than 1,000ml)
Medium-sized (less than 1,500ml)
Large-sized(1,500ml or more)
Subtotal

PETCanOther
Syrup, powder
Total

3Q 201335,255
1,036
29,33365,624
38,637
9,374
29,411
143,045% change

44,762
1,425
34,43780,62440,892
9,952
31,825
163,292

27.0
37.6
17.4
22.9
5.8
6.2
8.2
14.2

<Composition of package>
100%

20.6%

19.5%

Syrup, powder

6.1%

Other

25.0%

Can

21.1%

Large PET

80%
6.6%

60%

27.0%

40%
20.5%

0.9%
Medium PET

0.7%
20%
27.4%

24.6%

0%
3Q 2012

3Q 2013

Appendix-9

Small PET

8. Number of Vending Machines, Market Share(1) Number of vending machines(Units)Dec.31
2012
Can vending machine
Cup vending machine
TotalSep.30
2013change243,286
21,777309,861
25,00566,575
3,228

265,063334,866

69,803

Notes: Figures as of end of Dec. 2012 are the combined total of Coca-Cola West Co., Ltd. and its affiliated company Nishinihon Beverage Co., Ltd.
Figures as of end of Sep. 2013 are the combined total of Minami Kyushu CCBC and its consolidated subsidiaries in addition to the above.

(2) Market share of vending machines(%)

Out market share

2012
30.8

2013
30.8

Notes: The research company is changed in 2013. Market share in 2013 includes Minami Kyushu area.
(Source : Survey of vending machines conducted by Intage Inc., May to June in 2012,conducted by McNET Inc., June to July in 2013.)

9. Home Market Share
(January 1, 2013 to Semtember 30, 2013)(%)

3Q 2012

3Q 2013

Total

22.3

22.5

Supermarkets
CVS
Retail stores
Drug stores
Discount stores

22.3
22.620.3
22.5
22.5

23.2
21.4
20.3
23.3
22.0

Notes: Market share in 3Q 2012 is revised retroactively due to changes in data acquisition method by the research company.
Market share of 3Q 2013 includes Minami Kyushu area after April.
(Source : Store Audit conducted by Intage Inc.)

10. Segment Information(million yen)

3Q 2012

Net revenues
To outside customers
and consumers
Intersegment sales ortransfers

Segment profit

Soft drink

Healthcare andskincare

269,046

3Q 2013
TotalSoft drink

Healthcare andskincare

27,353

296,400

299,324

27,893327,218

269,046

27,353

296,400

299,324

27,893327,218

−

−−−−

−

6,140

4,316

10,457

9,360

3,942

13,302

Total

Notes: Net revenues and segment profit are based on net revenues and operating income reported in the consolidated statements of income.

Appendix-10