Member of the Financial Accounting Standards Foundation

Consolidated Financial Summary forFiscal Year Ended December 31, 2006
February 7, 2007
Company name: Coca-Cola West Holdings Company, Limited
Stock exchange listings: Tokyo, Osaka andCode number: 2579
Fukuoka(URL http://www.ccwh.co.jp/)
Headquarters located in Fukuoka Prefecture
Representative: Norio Sueyoshi, Representative Director and CEO
Contact: Tadanori Taguchi, Corporate Officer and General Manager, FinancePhone: +81-(0)92-283-5714
Approved at board meeting held on February 7, 2007
Parent company: Recoh Company, Limited (code no. 7752)
Stake of equity held by parent company: 16.5%
US GAAP not applied hereto
１.
(1)Consolidated Financial Data for the Fiscal Year Ended December 31, 2006
Operating results(rounded down to the nearest million yen)
Net revenues
Operating income
Recurring income
Year ended

million yen%

million yen%

Dec. 31, 2006
Dec. 31, 2005

327,821245,874

33.3-2.9

12,321
11,830

4.1-29.8

Net income
Year ended

million yen%

Basic net
income pershare

Diluted net
income pershareyenyen

million yen

13,225
12,256

ROE

RecurringincomemarginROA%%

7.9-28.2%%

Dec. 31, 2006
7,570
3.6
82.22
3.6
5.1
4.0
Dec. 31, 2005
7,305 -14.7
93.42
93.27
4.3
5.9
5.0
Notes 1. Equity income(loss): -18 million yen for the year ended Dec.31, 2006; 36 million yen for the year ended
Dec.31, 2005
2. Average number of shares outstanding on a consolidated basis: 92,066,943 for the year ended Dec.31, 2006;
77,702,051 for the year ended Dec.31, 2005
3. Changes in accounting principles: no4. The percentages represent relevant year-on-year changes in respect of net sales, operating income, ordinary income,and net income.
(2)

Financial condition
Total assets
As ofmillion yen

Shareholders’ equity

Shareholders’ equity
ratio

Shareholders’ equity
per share%yenmillion yen

Dec. 31, 2006
304,907250,46382.1
2,358.05
Dec. 31, 2005
208,711
173,60883.2
2,228.79
Note: Number of shares outstanding on a consolidated basis at the end of the period: 106,192,899 as of Dec.31, 2006;
77,872,815 as of Dec.31, 2005
(3)

Cash flows
Operating activities

Net cash from (used in)Investing activities

Financing activities

Cash and cash
equivalents at end ofperiod

Year ended

million yen

million yen

million yen

million yen

Dec. 31, 2006
Dec. 31, 2005

21,806
16,607-14,956-15,256-9,244-2,901

22,284
20,238(4) Scope of consolidation and application of the equity method:
24 consolidated subsidiaries; no unconsolidated subsidiaries accounted for by the equity method; 3 affiliate accounted forby the equity method(5)
Changes in the scope of consolidation and application of the equity method:
12 subsidiaries additionally included in consolidation; no subsidiaries excluded from consolidation;
3 affiliates additionally accounted for the equity method; no affiliates excluded by the equity method-1-2.

Earning Projections for the Fiscal Year Ending December 31, 2007
Net revenues
million yen

Operating income

Recurring income

million yen

Half year
195,500
4,300
Full year
415,700
14,500(ref) Projected net income per share for the year ending December 31, 2007: 83.81yen

Net income

million yen

million yen

4,700
15,300

2,700
8,900

・The projection are based upon information available on the announcement date of this report. Actual results may
differ substantially from the projection due to a variety of factors that may occur in the rest of the year.

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