This document is a summary translation of the Japanese language original version. In the event of any discrepancy, errors and/or
omissions, the Japanese language version shall prevail.

Consolidated Financial Summary for
the First Quarter Ended March 31, 2019 (IFRS)
May 15, 2019
Listed company name: Coca-Cola Bottlers Japan Holdings Inc.
Code number: 2579
Representative: Representative Director & President
Contact: Head of Controllers Senior Group, Finance
Expected date of quarterly report submission: May 15, 2019
FY 2019 1Q supplementary information: Yes
FY 2019 1Q earnings presentation: Yes

Listed stock exchanges: Tokyo and Fukuoka
URL: https://en.ccbj-holdings.com/
Name: Calin Dragan
Name: Shunichi Nemoto Phone: +81-3-6896-1707
Expected date of the dividend payments: －(Fractions of one million yen are rounded)

1. Consolidated financial results for the 1st quarter 2019 (from January 1, 2019 to March 31, 2019)(Percentages indicate changes over the same period in the prior fiscal year)(1) Consolidated financial results
Net sales

1st quarter2019
1st quarter
2018

Business Income

Operating profit

Net profit for the year
Total comprehensive
attributable to owners
incomeof the parent

Net profit

millionyen％

millionyen％

millionyen％

millionyen％

millionyen％

millionyen％

198,733(3.3)(4,059)－(12,824)－(7,985)－(8,002)－(5,536)－205,614

－

(192)

－

(192)

－

(277)

－

(290)

－

(2,403)－

Earnings per share

1st quarter 2019
1st quarter 2018

Diluted earnings per share

yen

yen

(44.22)(1.42)－－* “Business Income” is a measure of our underlying or recurring business performance after the adoption of IFRS, and deducts cost of
goods and SG&A from revenue, and includes other income and expenses which we believe are recurring in nature.

(2) Consolidated financial position
Total assets
Mar. 31, 2019
Dec. 31, 2018

Equity attributable to parent Ratio of equity attributableownersto parent owners

Total equity

million yen

million yen

million yen％

936,411
877,472

557,368
580,906

556,915
580,448

59.5
66.2

2. Dividends(Record date)

End of 1Q

Year ended

Full year 2018
Full year 2019
Full year 2019 (forecast)End of 2Q

Dividends per share
End of 3Q
Year-end

Annual

yen

yen

yen

yen

yen

－
－

25.00

－

25.00

50.00

25.00

－

25.00

50.00

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

3. Forecast of consolidated financial results 2019 (from January 1, 2019 to December 31, 2019)
Net sales

Full year
2019

Business Income(Percentages indicate changes over the same period in the prior fiscal year)
Net profit for the year
Earnings per
Operating profit
Net profit
attributable to owners
shareof the parent

millionyen％

millionyen％

millionyen％

millionyen％

million
yen

％

yen

923,300(0.4)

15,400(33.8)

8,800(40.1)

5,200(48.8)

5,200(48.6)

28.91

Note: Revisions to the forecasts of consolidated financial results most recently announced: Yes

Notes(1) Changes in significant subsidiaries during the current period: None(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period
financial statements after error corrections
1) Changes in accounting policies due to revisions to accounting standards under IFRS
: Yes
2) Changes other than those in 1) above: None3) Changes in accounting estimates: None(3) Number of outstanding shares (common shares)
1) Number of outstanding shares at the end of period (including treasury shares):
1Q 2019: 206,268,593 shares
FY 2018: 206,268,593 shares
2) Number of treasury shares at the end of period:
1Q 2019: 26,914,220 shares
FY 2018: 22,793,049 shares
3) Average number of outstanding shares during the period:
1Q 2019: 180,975,250 shares
1Q 2018: 204,251,699 shares* These Consolidated Financial Results are not subject to quarterly review procedures conducted by certified public
accountant or audit firm.
* 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 theforecast. Furthermore, please refer to “1. Qualitative Information on the Financial Summary for this Quarter(3) Information on the Future Outlook, Such as Forecast of Consolidated Financial Results” on page 4 formatters relating to performance forecasts.

Table of contents
Page
Attachment
1.

Qualitative Information on the Financial Summary for this Quarter(1) Details of Consolidated Financial Results ........................................................................................................ 2(2) Details of Consolidated Financial Position....................................................................................................... 4(3) Information on the Future Outlook, Such as Forecast of Consolidated Financial Results .......................... 42.

Condensed Quarterly Consolidated Financial Statements and Main Notes(1) Condensed Quarterly Consolidated Balance Sheets ......................................................................................... 5(2) Condensed Quarterly Consolidated Statements of Income and Comprehensive Income ................................. 7(3) Condensed Quarterly Consolidated Statements of Changes in Equity ............................................................ 9(4) Notes to Condensed Quarterly Consolidated Financial Statements ................................................................ 11(Notes Relating to Going Concern Assumption) .......................................................................................... 11(Changes in Accounting Policies) ................................................................................................................. 11(Segment Information) .................................................................................................................................. 121

1. Qualitative Information on the Financial Summary for this Quarter(1) Details of Consolidated Financial Results
Coca-Cola Bottlers Japan Holdings Inc. (“CCBJH” or the “Company”) announced first quarter results for the
fiscal year ending on December 31, 2019 (January 1, 2019 to March 31, 2019). In this period, total nonalcoholic
ready-to-drink (NARTD) beverage industry volume performance is expected to be flat versus prior year. The
health food and cosmetics industries continue to grow, driven by demand from health-conscious consumers andinbound tourism as well as new demand driven by new functionality and efficacies, while the competitiveenvironment has been marked by successive product launches by various industry players.
CCBJH has positioned 2019 as a transition year that is focused on recovery from the flooding damage anddisruption to product supply in 2018, and building a solid foundation for future growth. We have been making
major investments to recover our supply network and progressively expand production capacity through Spring of
2020. We were the first in the beverage industry to announce and begin implementing in April the first customer
price increase for large PET products in 27 years. We have also put in place a new management and governancestructure including a change of representative directors and new members of our Board of Directors with an eye
toward best-in-class standards of governance, independence and diversity as well as relevant professional
experience. From this year, only two out of nine Board members are Company executives, with four independent
directors and an Audit and Supervisory Committee completely made up of external directors. Finally, we haveintroduced additional organizational changes to drive more effective and streamlined decision-making, including
reducing the number of executive officers, simplifying management reporting lines and initiating a voluntary
employee retirement program that concluded on April 30, 2019.
Our first quarter results were impacted by a decline of topline revenue due to channel mix pressure and lower
beverage business sales volume, combined with continued elevated logistics and distribution expenses as werecover our supply and distribution infrastructure over the course of this year. First quarter operating income also
reflects one-time expenses related to our previously announced voluntary employee retirement program.
In addition to this qualitative information section, please also see our earnings presentation material posted on the
Company IR website (https://en.ccbjholdings.com/ir/library/presentation.php) to be used at our earnings
presentation on Thursday, May 16, 2019 at 3:30pm (JST). The earnings presentation and audio will be available
live and on demand as an audio webcast in the IR section of the CCBJH website.
Highlights of First Quarter・ Volume down 2%, reflecting disruption from flooding and supply capacity, also underperforming productlaunches in Q1. Focus on minimizing value share impact despite volume pressure.
・ Net revenue decreased 3% versus prior year driven by lower volume performance and negative channel mix.
・ Business Income loss of 4,059M yen (192M loss in 2018) reflects lower revenue as well as expected higher
logistic expenses due to ongoing disruption from prior year.
・ Operating loss of 12,824M yen (192M loss in 2018) reflecting one-time expenses in Q1 from
implementation of voluntary retirement program. Announced a revision to full-year earnings guidancereflecting first quarter results and our outlook for the remainder of the year.
・ Price hike negotiations successfully concluded for large PET products
・ Two new manufacturing lines in Kyoto and Kumamoto commissioned in the first quarter. Continued
investment to recover and expand supply capacity, with seven new production lines by Spring 2020.
・ Completed 25 billion yen share-buyback program end of February as part of financial framework for value
creation.
・ New President and Board of Directors members approved at annual shareholders meeting, representing
high standards of independence, diversity and relevant professional experience with strengthened
governance. Work is underway to revise mid-term plan targets under the new management team.

2

Review of Results

In Million JPY, IFRS

2018
Q1

2019
Q1

YoY

Net Revenue

205,614

198,733(3.3%)

Gross Profit

100,928

94,602(6.3%)

101,021

98,140(2.9%)

Other income (Recurring)

417

293

(29.7%)

Other expenses (Recurring)

515

800

55.4%

Investment gain/loss on equity method

(2)

(14)

-

(192)

(4,059)-Other income (Non-recurring)

-

-

-

Other expenses (Non-recurring)

-

8,765

-

Operating Income (Loss)(192)(12,824)-Net Income (Loss) Attributable to Owners of Parent(290)(8,002)-

Sales volume of beverage business (Million cases)

112

110

(2%)

Selling, General & Administrative Expenses

Business Income (Loss)* Sales volume of beverage business does not include alcoholic beverage volume* We introduce “Business Income” as a measure of our underlying or recurring business performance after the
adoption of IFRS. Business Income deducts cost of goods and SG&A from revenue and includes other income
and expenses which we believe are recurring in nature.
First quarter net revenue was 198,733 million yen, a decrease of 6,881 million yen, or 3.3% compared to the prioryear period. Net revenue of the beverage business decreased 5,343 million yen (down 2.7%) versus prior year
period, to 192,767 million yen reflecting a 2% decline in sales volume versus prior year and negative channel mix
driven by a 4% volume decline in the higher-profit vending channel. Vending channel volume declines moderated
versus the 7% volume decline in 2018. Net revenues of the healthcare & skincare business fell by 1,537 million
yen (down 20.5%) year-on-year to 5,966 million yen, as mail/web order sales to existing customers slowed in thequarter.
First quarter business income, an indicator of our recurring business performance, showed a loss of 4,059 million
yen (192 million loss in prior year period). Business income of the beverage business was negative 4,774 million
yen (1,744 million yen loss in prior year period). This reflects weak topline revenue, negative channel mix andcontinued elevated logistics and distribution expenses due to alternate product supply initiatives as we recover andexpand supply capacity, and was partially offset by labor expense savings driven by the integration of retirement
benefit programs and lower sales promotion expenses in line with volume performance. Business income in thehealthcare & skincare business was 714 million yen, a decrease of 838 million yen or 54.0% year-on-year,
reflecting lower revenues whilst we continued a focus on expense control on promotion expenses, etc.
Consolidated operating income was negative 12,824 million yen (192 million yen loss in prior year period),
mainly driven by one-time expenses in the first quarter related to the voluntary retirement program concluded at
the end of April. Net income attributable to owners of parent was a loss of 8,002 million yen (290 million yen loss
in prior year period).
Beverage volume performance by channel and category
By channel, OTC channel volume, including supermarkets, drug & discounters and convenience stores declined,
as new product launches and renewals underperformed in the first quarter and partly reflecting the residual impactof reduced customer shelf space after the supply constraints in late 2018. Supermarket, drug & discounter andconvenience store channel volumes declined 1%, 2% and 3% respectively. Vending channel volumes declined 4%,
reflecting a moderation of the trend from 2018. Canned coffee volume in the vending channel was even,supported by Georgia Grand Bito and Georgia Deep Black and the expansion of 100-yen “one-coin” price points
small 170g can to drive growth in transaction volume. Sales volume was even in the retail & food channel.
By category, non-sugar tea grew across sales channels, with 3% volume growth supported by FOSHU (Ayataka
3

Tokusencha green tea) and the successful renewal of Ayataka Chaba-no Amami. Coffee volume was flat versus
prior year as our new PET bottled coffee, Georgia Japan Craftsman helped to offset a volume decline in can andbottle can products. We expect to continue to expand coverage of Georgia Japan Craftsman through the year as we
progressively expand aseptic manufacturing capacity. Sparkling beverages declined 4% due to weak performanceof Coca-Cola Peach and Fanta product renewals. The sports category declined 3% and water declined 14%,mainly driven by weak performance of iLohas brand flavored water as we cycled prior year launches, and lower
sales of large PET Morinomizu Dayori brand water.
(2) Details of Consolidated Financial Position
Assets at the end of the quarter were JPY 936,411 million, an increase of JPY 58,939 million from the end of theprevious fiscal year. This is mainly attributable to an increase of non-current assets by newly including Right-ofuse assets as a result of IFRS 16 implementation starting from this fiscal year. In addition, fixed assets increased
as a result of commissioning two new production lines in Kumamoto and Kyoto.
Liabilities at the end of the quarter were JPY 379,043 million, an increase of JPY 82,477 million from the end of
previous fiscal year. This is mainly due to an increase of lease liabilities in conjunction with including Right-ofuse assets, and an increase of Bond and debt in current liabilities driven by higher borrowing for operational needs,
etc.
Net assets at the end of the quarter were JPY 557,368 million, a decrease of JPY 23,538 million. This is mainly
due to a decrease of Retained earnings as a result of paying year-end dividends, and an increase of Treasury shares
due to completion of the most recent share buyback program.
(3) Information on the Future Outlook, Such as Forecast of Consolidated Financial Results
After reviewing recent business performance, the Company announced an update to its full-year 2019 (January 1
to December 31, 2019) earnings forecast, which was previously released on February 14, 2019. For details,
please refer to the “Revision of Full-Year 2019 Forecast” separately announced today.

42. Condensed Quarterly Consolidated Financial Statements and Main Notes(1) Condensed Quarterly Consolidated Balance Sheets
As of
December 31, 2018
AssetsCurrent assets:
Cash and cash equivalents
Trade and other receivables
Inventories
Other financial assets
Other current assets
Total current assets
Non-current assets:
Property, plant and equipment
Right-of-use assets
Goodwill
Intangible assets
Investments accounted for using equity
methodOther financial assets
Net defined benefit asset
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets

5(Millions of yen)
As ofMarch 31, 2019

65,51092,402
68,781645
10,740238,078

54,12990,591
72,056721
15,670233,166

435,305－
88,88066,539298

447,247
45,64088,88066,722296

34,796
38
6,264
7,274
639,394
877,472

35,712－
11,342
7,406
703,245936,411

As ofDecember 31, 2018

(Millions of yen)
As ofMarch 31, 2019

Liabilities and equity
Liabilities
Current liabilities:
105,701
45,512

Trade and other payables
Bonds and debts
Lease liabilities
Other financial liabilities
Income taxes payable
Provisions
Other current liabilities
Total current liabilities

－
993
3,069
18
22,230125,924
64,628
6,778
235
239
20
25,364

177,524

223,189

56,401

Non-current liabilities:
Bonds and debts
Lease liabilities
Other financial liabilities
Net defined benefit liabilities
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities－
749
33,712
2,191
23,082
2,907
119,042

55,57640,602371
29,197
2,179
24,8493,080
155,854

Total liabilities

296,566

379,043

Equity;Capital stock
Capital Surplus
Retained earnings
Treasury Shares
Accumulated other comprehensive income

15,232450,533
182,418(72,651)
4,915

15,232450,511
171,276(85,641)
5,538

Equity attributable to owners of parent
Non-controlling interests

580,448458

556,915453

Total equity

580,906

557,368

877,472

936,411

Total liabilities and equity6(2) Condensed Quarterly Consolidated Statements of Income and Comprehensive Income(Condensed Quarterly Consolidated Statements of Income)(First three-month period of a fiscal year)
Three months ended
March 31, 2018
205,614104,686(Millions of yen)Three months ended
March 31, 2019
198,733
104,131100,928
101,021
417
515
(2)

94,602
98,140
293
9,565
(14)

(192)
52
295

(12,824)
377
268

Income (loss) for the period before income taxes
Income tax expense

(435)
(158)

(12,715)(4,730)Net income (loss) for the period(277)(7,985)

Net income (loss) for the period attributable to:
Owners of parent
Non-controlling interests

(290)
13

(8,002)17(1.42)(44.22)

Net sales
Cost of sales
Gross profit
Selling and general administrative expenses
Other income
Other expenses
Share of income (loss) of entities accounted for using
equity method
Operating income (loss)
Financial revenue
Finance costs

Earnings (loss) per share (yen)7

(Condensed Quarterly Consolidated Comprehensive Income)(First three-month period of a fiscal year)(Millions of yen)Three months ended
March 31, 2018
Net income (loss) for the period
Other comprehensive income
Items that will not be reclassified subsequently
to profit or loss:
Remeasurements of defined benefit plans
Net changes in financial assets measured atfair value through other comprehensive
incomeThree months ended
March 31, 2019(277)

(7,985)

(2)

1,785

(1,089)673

Subtotal
Items that may be reclassified subsequently to
profit or loss:
Foreign currency translation adjustments offoreign operations
Cash flow hedges(1,091)

2,458

(0)

－

(1,034)(9)

Subtotal
Total other comprehensive income (loss) for theperiodTotal comprehensive income (loss) for theperiod(1,034)(9)(2,125)2,449(2,403)(5,536)(2,415)13(5,553)17

Comprehensive income (loss) attributable to:
Owners of parent
Non-controlling interests8(3) Condensed Quarterly Consolidated Statements of Changes in Equity
Three months ended March 31, 2018
(Millions of yen)

Capital stock

Balance as of January 1,
2018Comprehensive income forthe period
Net income (loss) for theperiodOther comprehensive
income (loss)
Total comprehensive income(loss) for the year
Transactions with owners,
etc.
Dividends of surplus
Purchase of treasury
stock
Disposal of treasury
stock
Transactions of sharebased payment
Reclassification fromaccumulated othercomprehensive income toretained earnings
Reclassification fromaccumulated othercomprehensive income tonon-financial assets
Total transactions withowners, etc.
Balance as of March 31,
2018

Equity attributable to owners of parent
Accumulated
CapitalRetained
Treasuryothersurplusearnings
Sharescomprehensive
incomeNoncontrollinginterests

Total

Total

15,232450,498

184,317(4,693)

9,258

654,611427

655,038

－

－

(290)

－

－

(290)

13

(277)

－

－

－

－

(2,125)(2,125)－(2,125)

－

－

(290)

－

(2,125)(2,415)13(2,403)－－(4,494)－－(4,494)(21)(4,514)

－

－

－

(11)

－

(11)

－

(11)

－

0

－

0

－

1

－

1

－

38

－

－

－

38

－

38

－

－

(6)

－

6

－

－

－

－

－

－

－

(39)

(39)

－

(39)

－

39

(4,500)

(11)

(33)

(4,505)(21)(4,526)

15,232450,536

179,527(4,704)

7,099

647,691419

648,1109

Three months ended March 31, 2019
(Millions of yen)

Capital stock
Balance as of January 1,
2019(Before restatement)
Adjustments resulting fromthe adoption of IFRS 16
Balance as of January 1,
2019(After restatement)
Comprehensive income forthe year
Net income (loss) for theperiodOther comprehensive
income (loss)
Total comprehensive
income (loss) for the year
Transactions with owners,
etc.
Dividends of surplus
Purchase of treasury
stock
Disposal of treasury
stock
Transactions of sharebased payment
Reclassification fromaccumulated othercomprehensive income
to retained earnings
Reclassification fromaccumulated othercomprehensive income
to non-financial assets
Total transactions withowners, etc.
Balance as of March 31,
2019

Equity attributable to owners of parent
Accumulated
CapitalRetained
Treasuryothersurplusearnings
Sharescomprehensive
incomeNoncontrollinginterests

Total

Total

15,232450,533

182,418(72,651)

4,915

580,448458

580,906

－

－

(338)

－

－

(338)

－

(338)

15,232450,533

182,080(72,651)

4,915

580,110458

580,568－－(8,002)－－(8,002)

17(7,985)

－

－

－

－

2,449

2,449

－

2,449

－

－

(8,002)－

2,449(5,553)17(5,536)－－(4,587)－－(4,587)(22)(4,609)

－

(64)

－

(12,991)－(13,055)－(13,055)

－

(0)

－

0

－

0

－

0

－

41

－

－

－

41

－

41

－

－

1,785

－

(1,785)

－

－

－

－

－

－

－

(41)

(41)

－

(41)

－

(23)

(2,802)(12,991)(1,827)(17,642)(22)(17,664)

15,232450,511

171,276(85,641)

5,538

556,915453

557,36810

(4) Notes to Condensed Quarterly Consolidated Financial Statements(Notes Relating to Going Concern Assumption)
Not applicable.
(Changes in Accounting Policies)
The Group has adopted following standards from the first quarter.
Establishment or revision of accounting
standards and interpretations

Summary of requirements

New standard for leases, replacing IAS 17, requires all leases to be
IFRS 16 Leases(published January 2016)

shown on the statements of financial position as if they were financed
purchases. The new standard sets out the principles for the recognition,measurement, presentation and disclosures of leases.

The Group has adopted IFRS 16 “Leases” (hereinafter, “IFRS 16”), from the first quarter ended March 31, 2019.
The Group retrospectively applied IFRS 16 according to transitional measures, the cumulative effect of thecommencement of application is recognized as an adjustment to the opening balance of retained earnings in the firstquarter. In the transition to IFRS 16, the practical expedient of IFRS 16.C3 was selected as to whether anarrangement contains a lease or not, it takes over the judgment of IAS 17 “Leases” and IFRIC 4 “Determining
whether an Arrangement contains a Lease”.
IFRS 16 requires that lessee's lease not be classified as finance lease or operating lease, but rather as a single
accounting model and, in principle, recognize the right-of-use asset representing the right to use the underlying
asset and the lease liability representing the obligation to pay the lease payments for all lease. However, for shortterm lease or leases for which the underlying asset is of low value, the Group may elect not to apply therequirements of this standard. After recognizing right-of-use asset and lease liability, right-of-use asset depreciationand interest expense related to lease liability are recognized.
In the Group, the lease term of the right-of-use assets is estimated by adding a reasonably reliable period inwhich the option to extend the lease is not exercised or the option to cancel the lease is not exercised. In addition,
the discount rate applied to the lease liabilities for the right-of-use assets uses the lessee's incremental borrowing
rate, and the weighted average is 1.0%. Right-of-use assets are depreciated using the straight-line method mainly
over 15 years from the start date.
As of the end of the previous consolidated fiscal year, finance lease liabilities that were recognized by applying
IAS 17 were 901 million yen.
Of 7,644 million yen (before discount) of the operating lease contracts disclosed by applying this standard,549
million yen (before discount) is accounted for as a small-value asset lease, in addition, there is 37,409 million yen
increase in lease liabilities over a period in which it is reasonably certain that the extension option will be exercised.
As a result, in the consolidated statement of financial position at the beginning of the first quarter under review,
right-of-use assets increased by 59,234 million yen, deferred tax assets increased by 15,200 million yen, leaseliabilities increased by 44,505 million yen, deferred tax liabilities increased by 15,028 million yen and long-term
accounts payable increased by 40 million yen, retained earnings decreased by 338 million yen. Deferred tax assets
and Deferred tax liabilities are offset on the consolidated balance sheets based on IAS 12 “Income taxes”.

11(Segment Information)
Operating segments of the Group are components for which discrete separate financial information isavailable and which are regularly reviewed by the Board of Directors to make decisions about resources to beallocated to the segment and assess its performance. The Group establishes organizational management system foreach product and service and identified “Beverage Business” and “Healthcare & Skincare Business” as operating
segment and reportable segment based on the type and the nature of the products and sales market. Following
reportable segments are identified by the Group and there are no operating segments or summarized segments thatconsist of reportable segments other than followings.
Reportable segments

Principal Products and Services

Beverage Business

Purchase, manufacture and sale of carbonated beverages such as Coca-Cola, coffee
and black tea beverages, mineral water, etc., bottling, packaging, distribution andmarketing, vending machine-related business in Japan

Healthcare & Skincare Business

Manufacture and sale of kale juice (aojiru) and other products made from Kale, as
well as the manufacture and sale of health foods, cosmetics and other related
products

The Board of Directors evaluates the performance of each segment compared to other companies in the same
industry by using operating income as reported in accordance with generally accepted accounting principles(IFRS).
Information about reportable segments is as follows:First three-month period of the previous fiscal year (January 1, 2018 – March 31, 2018)

Beverage
Business
Sales revenue to external customers
Intersegment sales revenue
Total sales revenue
Segment profit (loss)
Adjustments
Financial revenue
Finance costs
Income (loss) before tax

198,110－
198,110(1,744)

Reportable segments
Healthcare &SkincareBusiness
7,504
－
7,504
1,552

(Millions of yen)
Reportablesegments
Total
205,614－205,614(192)

Adjustment
－
－
－
－

Total
205,614－205,614
(192)
52
295
(435)

First three-month period of this fiscal year (January 1, 2019 – March 31, 2019)

Beverage
Business
Sales revenue to external customers
Intersegment sales accumulation
Total sales revenue
Segment profit (loss)
Adjustments
Financial revenue
Finance costs
Income (loss) before tax

192,767－
192,767(13,538)

Reportable segments
Healthcare &SkincareBusiness
5,966
－
5,966
714

(Millions of yen)
Reportablesegments
Total
198,733－
198,733(12,824)

Adjustment
－
－
－
－

Total
198,733－
198,733(12,824)377
268(12,715)12