Member of the Financial Accounting Standards Foundation

Consolidated Financial Summary for
the Third Quarter Ended September 30, 2015 (Japanese Standard)
October 27, 2015
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 11, 2015 Expected date of the dividend payments: －FY 2015 3Q supplementary information: Yes
FY 2015 3Q financial presentation: Yes(Fractions of one million yen are round off)

１．Consolidated financial results for the 3rd quarter 2015 (from January 1, 2015 to September 30, 2015)（Percentages indicate changes over the same period in the prior fiscal year）（1）Consolidated financial results
Net revenues

Operating income

Recurring income

Net income

Year ended

million yen%million yen%million yen%million yen%

3rd quarter 2015
3rd quarter 2014

329,661
323,8151.8(1.0)

11,5077,995

43.9(39.9)

11,2948,015

40.9(42.8)

14,347
3,663

291.6(76.9)

Note: Comprehensive income
3Q 2015: 14,532 million yen <160.4% >3Q 2014: 5,581 million yen < (68.9) % >Diluted earnings
per share

Earnings pershare
Year ended

3rd quarter 2015
3rd quarter 2014

yenyen131.45
33.56－－（2）Consolidated financial position
Total assets

Net assets (excl. minorityinterests) to total assets

Net assets

As ofmillion yen

million yen%

3rd quarter 2015
Full year 2014

380,195
337,260

264,223
254,150

69.475.2

Reference: Net assets (excl. minority interests)
3Q 2015: 263, 826 million yen
End of 2014: 253, 775 million yen

２．Dividends(Record date)

End of 1Q

Dividends per share
End of 2Q
End of 3Q
Year-end

AnnualYear ended

yenyenyenyenyen

Full year 2014
Full year 2015
Full year 2015
(forecast)

－－

20.00
20.00

－－

21.00

41.00

21.00

41.00

Note: Revisions to the cash dividends forecasts most recently announced: None

３．Forecast of consolidated financial results 2015 (from January 1, 2015 to December 31, 2015)（Percentages indicate changes over the same period in the prior fiscal year）

Net revenues
Full year 2015

Operating income

Recurring income

Earningsper share

Net income

million yen%million yen%million yen%million yen%yen

450,600

6.2

12,50013.6

12,10014.1

14,200216.8

130.10Note: 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: Shikoku Coca-Cola Bottling Co., Ltd.
（2）Application of special accounting for preparing the quarterly consolidated financialstatement: Yes: None

（3）Changes in accounting policies, changes in accounting estimates, and restatement ofprior period 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: None: None: None: None

（4）Number of outstanding shares (common share)
1) Number of outstanding shares at the end of period (including treasury shares):
3Q 2015: 111,125,714 shares
FY 2014: 111,125,714 shares
2) Number of treasury shares at the end of period:
3Q 2015: 1,986,274 shares
FY 2014: 1,984,123 shares
3) Average number of outstanding shares at end of period (nine months):
3Q 2015: 109,140,468 shares
3Q 2014: 109,142,731 shares* Indication regarding execution of quarterly review procedures
At the time of disclosure of this quarterly financial summary, the review procedures for quarterly financial statements inaccordance 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 2015
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…

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)
October 27, 2015

1123556999

1. Situation of Consolidated Profit and Loss
(January 1, 2015 to September 30, 2015)(million yen, %)3Q 2015
3Q 2014actualvs. plan

plan*

actual323,815339,300

329,661

Operating income

7,995

11,500Recurring income

8,015

Net income

3,663

Net revenueschange

vs. last year% change% changechange(9,638)

(2.8)

5,846

1.8

11,507

7

0.1

3,511

43.9

11,20011,294

94

0.8

3,279

40.9

13,90014,347447

3.2

10,683291.6* The above plan is based on performance forecast announced as of July 29, 2015.

2. Profits Change Factor (vs. plan)(January 1, 2015 to September 30, 2015)(million yen)

3Q 2015changeMain factors for increase/decrease

plan*

actualNet revenues

339,300

329,661(9,638)

Cost of goods sold167,400

162,145(5,254)Gross profit

171,900

167,515(4,384)

SG&A

Operating income

160,400

156,008

Impact on the soft drink business
Impact on the healthcare and skincare business(9,336)(302)(4,217)(166)(1,212)

Decrease in personnel cost

(701)

Decrease of sales promotion & ad expenses(523)(4,391) Decrease of business consignment expenses(459)

Decrease of sales equipment cost(233)

Decrease of depreciation cost

(162)

Impact on the healthcare and skincare business(304)

11,507

7

Non-operating income

700

802102Non-operating expenses

1,0001,015

15

Recurring income

11,20011,29494

Extraordinary income

8,500

8,449(50)

Extraordinary losses

500679

Income before income taxes
and minority interests

19,20019,064(135)

Income taxes

5,250

4,715(534)

Income before minority interests

13,95014,349

399

50

2(47)

13,90014,347447

Net income

Impact on the healthcare and skincare business

Decrease of sales commission

11,500Minority interests

Impact on the soft drink business

179 Loss on retirement of fixed assets* The above plan is based on performance forecast announced as of July 29, 2015.

Appendix-1204

3. Profits Change Factor (vs. last year)(January 1, 2015 to September 30, 2015)(million yen)

3Q 2014

3Q 2015Main factors for increase/decreasechangeImpact on the soft drink business

6,801

Impact on the healthcare and skincare business(955)

Impact on the soft drink business

6,068

Impact on the healthcare and skincare business(597)

Increase of business consignment expenses

1,709

Increase of sales promotion & ad expenses

893

Increase of transportation expenses

832

Increase of depreciation cost764

1,959 Increase of sales commission

575

Net revenues323,815

329,661

5,846

Cost of goods sold161,770

162,145

374

Gross profit

162,044

167,515

5,471

SG&A

154,048

156,008

Decrease in personnel cost

Operating income

Decrease of sales equipment cost(500)

Decrease of maintenance cost

(334)

Impact on the healthcare and skincare business

(443)

7,995

11,507

3,511

Non-operating income

983

802

(181)

Non-operating expenses

964

1,015

51

8,015

11,294

3,279

261

8,449

8,188 Gain from negative goodwill

Recurring income
Extraordinary income

Impact on business restructuring
Extraordinary losses

2,129679(1,450) Restructuring cost
Loss on retirement of fixed assets

Income before income taxes
and minority interests

6,146

19,064

12,918

Income taxes

2,459

4,715

2,255

Income before minority interests

3,686

14,34910,662

23

2

(21)

3,663

14,347

10,683

Minority interests
Net income

Appendix-2(1,947)

8,375(1,156)(741)
600

4. Consolidated Balance Sheet and Change Factor(million yen)Dec.31
2014

Sep.302015

116,050
41,996

151,41447,87135,364
5,875

27,79731,0733,275

100

21,00020,900 Acquisition of marketable securities25,659

28,872

3,213

547
2,166
18,098817
3,513
18,664

269
1,346
566

(316)

(397)

(81)

221,210
144,124
33,132

228,780
152,749
33,784

7,570
8,625
651

23,25222,097(1,154)

27,11359,15511
1,457
47,69939,5398,160

31,421
63,26027
2,157
45,42337,551
7,871

4,307
4,104
15
699
(2,276)(1,987)(289)

29,38630,608

1,222

19,162－
10,622

20,84145
10,303

1,679
45
(319)

(398)

(581)

(182)

337,260

380,195

42,935Current 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 and equipment
Buildings and structures, net
Machinery, equipment,
vehicles, net
Sales equipment, net
LandConstruction in progress
Other, net
Intangible assets
Goodwill
Other
Investments andother assets
Investment securities
Net defined benefit asset
Other
Allowance for
doubtful accounts
Total assetschangeMain factors for increase/decrease

Total assets
380,195

Totalassets

337,260
151,414

Current
assets116,050

Property,plant andequipment

152,749
144,124
45,42347,699Intangible
assetsInvestments
and otherassets(million yen)

Sep.302015
Dec.31
2014

30,60829,386050,000100,000

150,000

200,000

Appendix-3

250,000

300,000

350,000

400,000(million yen)Dec.31
2014
Current liabilities
Trade notes andaccounts payable
Current portion of longterm loans payable
Accrued income taxes
Other accounts payable
Provision for sales
promotion expenses
Other
Long-term liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Liabilities for directors'
and corporate auidtors'
retirement benefits

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

Deferred gains or losses
on hedges
Foreign currencytranslation adjustment
Remeasurements ofdefined benefit plans
Minority interests
Net assets
Total liabilities andnet assets

Sep. 302015changeMain factors for increase/decrease

51,37554,7783,402

17,75021,687

3,936

2,517

2,517

0

2,024
20,6491,316
19,137(707)(1,511)

260

317

57

8,173
31,73420,000
2,719
3,871

9,801
61,19350,000
206
3,465

149

158

4,993
83,109251,079
15,231109,072
131,355(4,580)7,362
115,971
260,947
15,231109,072
141,228(4,585)

2,696

2,879

183

3,389

4,160

770

317

(133)

(450)

16

17

1(1,026)(1,164)(138)374
254,150396
264,223

22
10,073

337,260

380,195

42,935

1,627
29,45930,000 Increase by issuance of bonds(2,513)
(405)
9
2,369
32,862
9,867－－
9,872 Increase by current net income(4)

Total liabilities and net assets

380,195

Total liabilities
and net assets

337,260
115,971

Totalliabilities

83,109Sep. 30
2015

54,77851,375Currentliabilities
Long-termliabilities

Dec.31
2014

61,19331,734
264,223
254,150

Net assets(million yen)0

50,000100,000

150,000

200,000

Appendix-4

250,000

300,000

350,000

400,000

5. Investment, Depreciation(January 1, 2015 to September 30, 2015)(million yen)

3Q 2014
Investment

Buildings
Machinery & Equipment
Sales equipment
Other
Total
Depreciation

3Q 2015

715
2,757
9,371
4,501
17,345
17,035

380
2,078
8,793
1,338
12,591
17,6852014
actual424,406
11,008
10,609
4,482

2015
plan
450,600
12,50012,10014,2006. Projections (consolidated)(January 1, 2015 to December 31, 2015)(1)Earnings(million yen, %)Net revenues
Operating income
Recurring income
Net income(2)Investment, Depreciation(million yen)2014
actualInvestment

Land
Buildings
Machinery & Equipment
Sales equipment
Other
Total
Depreciation

－826
4,985
12,204
4,766
22,783
22,943

2015
plan
15
1,178
3,481
12,334
2,568
19,57824,725

Appendix-5

change26,1931,491
1,490
9,717% change
6.2
13.6
14.1
216.8

7. Sales Information(January 1, 2015 to September 30, 2015)<Sales volume by brand>(thousand cases, %)3Q 2014% change

11,851
5,377
6,835
33,501
8,624
17,467
12,274
9,185
60,953
166,068

11,2594,931
6,079
33,168
7,895
16,776
13,286
10,49358,922
162,809

(5.0)
(8.3)
(11.1)
(1.0)
(8.5)
(4.0)
8.2
14.2
(3.3)
(2.0)

－

5,741

－

36.7%

36.2%

Other

5.5%

6.4%

I LOHAS

7.4%

8.2%

Ayataka

10.5%

10.3%

Aquarius

5.2%

4.9%Sokenbicha

20.2%

20.4%

Georgia

4.1%
3.3%

3.7%
3.0%

Fanta
Coca-Cola Zero

7.1%

6.9%

Coca-Cola

3Q 2014

3Q 2015

Core 8

Coca-Cola
Coca-Cola Zero
Fanta
Georgia
Sokenbicha
Aquarius
Ayataka
I LOHAS
Other
Total (excl. Shikoku)

3Q 2015

Shikoku<Composition of brand (excl. Shikoku)>
100%

80%60%

40%

20%0%

Appendix-6

<Sales volume by channel>(thousand cases, %)3Q 2014
Vending*1
Supermarket, etc. *2
CVS*3
Retail*4
Food service*5
Other
Total (excl. Shikoku)
Shikoku

3Q 2015% change54,227
52,775
18,7789,477
17,23013,581
166,068

51,75351,871
20,038
8,718
18,705
11,724
162,809

(4.6)
(1.7)
6.7
(8.0)
8.6
(13.7)(2.0)－5,741－Notes : Sales volume in 2014 is revised retroactively due to reconsideration of channel segmentations.
*1 Vending : Retail sales business to distribute products through vending machine to consumers*2 Supermarket, etc. : Wholesale business for supermarket, drug store, discount store, etc.
*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 : Wholesale business in the food-service market such as fast food restaurants, 'family restaurants', etc.

<Composition of channel (excl. Shikoku)>
100%

80%

8.2%

7.2%

Other

10.4%

11.5%

Food service

5.7%

5.3%

Retail

11.3%

12.3%

CVS

31.8%

31.9%

Supermarket, etc.

32.6％

31.8%

Vending

3Q 2014

3Q 2015

60%

40%

20%

0%

Appendix-7

<Sales volume by package>(thousand cases, %)3Q 2014PET

Small-sized (less than 1,000ml)
Medium-sized (less than 1,500ml)
Large-sized (1,500ml or more)
SubtotalCan
Other
Syrup, powder
Total (excl. Shikoku)
Shikoku

3Q 2015% change

46,115
1,356
35,87083,341
41,813
10,68630,228166,068

46,461
1,173
34,98382,61740,454
10,391
29,346
162,8090.7(13.5)
(2.5)
(0.9)
(3.2)
(2.8)
(2.9)
(2.0)

－5,741－<Composition of package (excl. Shikoku)>
100%

80%

18.2%

18.0%

Syrup, powder

6.4%

6.4%

Other

25.2%

24.9%

Can

21.6%

21.5%

60%

40%

Large PET

0.7%0.8%

Medium PET

20%
27.8%

28.5%

3Q 2014

3Q 20150%Appendix-8

Small PET

8. Number of Vending Machines, Market Share(1) Number of vending machines(thousands units)

End of2014

End of3Q 2015
309
23332

Can vending machine
Cup vending machine
Total (excl. Shikoku)change

300
22322

(9)
(1)
(10)

Notes: Figures are the combined total of Coca-Cola West Co., Ltd. and its affiliated company Nishinihon Beverage Co., Ltd.

－43

2014
31.7

2015
31.3

Shikoku－(2) Market share of vending machines(%)

Out market share (excl. Shikoku)(Source : Survey of vending machines conducted by McNET Inc., May to June.)

9. Home Market Share
(January 1, 2015 to September 30, 2015)(%)

3Q 2014

3Q 2015

Total (excl. Shikoku)
Supermarkets
CVS
Retail stores

22.8
22.8
22.0
20.3

22.3
22.1
22.4
18.7

Drug stores

23.2

22.9

Discount stores

24.2

23.3

(Source : Store Audit conducted by Intage Inc.)

10. Segment Information(January 1, 2015 to September 30, 2015)(million yen)

3Q 2014

Net revenues
To outside customers
and consumers
Intersegment sales ortransfers

Segment profit

Soft drinkHealthcare andskincare

298,461

3Q 2015
Total

Soft drink

Healthcare andskincare

25,353323,815305,263

24,397

329,661

298,461

25,353323,815305,263

24,397

329,661－－－－－－

5,703

2,292

7,995

9,369

2,138

11,507

Total

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

Appendix-9