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 Third Quarter Ended September 30, 2017 (Japanese Standard)
October 27, 2017
Listed company name: Coca-Cola Bottlers Japan Inc.
Code number: 2579
Delegate: Title: Representative Director & President
Contact:
Title: Leader, Finance Controller Group
Expected date of quarterly report submission: November 10, 2017
FY 2017 3Q supplementary information: Yes
FY 2017 3Q financial presentation: Yes

Listed stock exchanges: Tokyo and Fukuoka
URL: https://en.ccbji.co.jp
Name: Tamio Yoshimatsu
Name: Masakiyo Uike
Phone: +81-3-6896-1707
Expected date of the dividend payments: －(Fractions of one million yen are rounded down)

1. Consolidated financial results for the 3rd quarter 2017 (from January 1, 2017 to September 30, 2017)(Percentages indicate changes over the same period in the prior fiscal year)(1) Consolidated financial results
Net revenues
3nd quarter 2017
3nd quarter 2016

Operating income

Net profit attributable toshareholders of parent

Recurring income

million yen%

million yen%

million yen%

million yen%

645,088353,71082.4
7.3

38,606
19,025102.9
65.3

37,87618,320106.7
62.2

23,797
10,627123.9(25.9)

Note: Comprehensive income
3Q 2017: 26,707 million yen 228.5%

3Q 2016:8,129 million yen (44.1)%

Diluted earnings
per share

Earnings per
share
3nd quarter 2017
3nd quarter 2016

yen

yen

143.1797.37－－(2) Consolidated financial position
Total assets

Net assets

Net assets (excl. minority
interests) to total assets

As ofmillion yen

million yen%

3nd quarter 2017
Full year 2016

889,577
377,468

622,831
261,173

69.9
69.1

Reference: Net assets (excl. minority interests)
3Q 2017: 621,853 million yen
End of 2016: 260,758 million yen

2. Dividends(Record date)

End of 1Q

Year ended

Full year 2016
Full year 2017
Full year 2017 (forecast)End of 2Q

Dividends per share
End of 3Q
Year-end

Annual

yen

yen

yen

yen

yen

－
－

22.00
22.00

－

24.00

46.00

22.00

44.00

－

Note: Revisions to the cash dividends forecasts most recently announced: None
End of 2Q FY 2016 dividend: an ordinary dividend of 21.00 yen, a commemorative dividend of 1.00 yen
FY 2016 ending dividend: an ordinary dividend of 23.00 yen, a commemorative dividend of 1.00 yen

3. Forecast of consolidated financial results 2017 (from January 1, 2017 to December 31, 2017)(Percentages indicate changes over the same period in the prior fiscal year)

Net revenues

Full year 2017

Operating income Recurring income

Net profit
attributable toshareholders ofparentEarnings
per share

million yen%

million yen%

million yen%

million yen%

Yen

906,500

96.9

40,10089.7

38,10084.9

21,500309.9122.85

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

Notes(1) Changes in significant subsidiaries during the current period: Yes(changes in specified subsidiaries resulting in change in scope of consolidation)
Newly included: One (Coca-Cola East Japan Co., Ltd.)
Excluded: None
Note: Please refer to “2. Quarterly Consolidated Financial Statements (3) Notes to Quarterly Consolidated
Financial Statements (Change in Significant Subsidiaries during the Current Period)” on page 8 fordetails.
(2) Application of special accounting for preparing the quarterly consolidated financial statement: None(3) 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 and other regulations : None
2) Changes other than those in 1) above: Yes3) Changes in accounting estimates: Yes4) Restatement of prior period financial statements after error corrections: None(4) Number of outstanding shares (common shares)
1) Number of outstanding shares at the end of period (including treasury shares):
3Q 2017: 206,268,593 shares
FY 2016: 111,125,714 shares
2) Number of treasury shares at the end of period:
3Q 2017: 2,012,035 shares
FY 2016: 1,989,069 shares
3) Average number of outstanding shares at end of period (nine months):
3Q 2017: 166,211,884 shares
3Q 2016: 109,138,069 shares
Note: The total number of outstanding shares increased by 95,142,879 to 206,268,593 as of April 1, 2017 inconnection with the integration with Coca-Cola East Japan Co., Ltd.
* These Consolidated Financial Results are not subject to quarterly review procedures.
* 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, Including Forecast of Consolidated Financial Results” on page 3 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....................................................................................................... 3(3) Information on the Future Outlook, Including Forecast of Consolidated Financial Results ........................ 3

2.

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets............................................................................................................ 4(2) Quarterly Consolidated Statements of Income and Comprehensive Income.................................................... 6
Quarterly Consolidated Statements of Income ................................................................................................ 6
Quarterly Consolidated Statements of Comprehensive Income ..................................................................... 7(3) Notes to Quarterly Consolidated Financial Statements ..................................................................................... 8(Notes Relating to Assumptions for the Going Concern) ................................................................................ 8(Change in Significant Subsidiaries during the Current Period) ...................................................................... 8(Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value) ............................... 8(Application of Special Accounting for Preparing the Quarterly Consolidated Financial Statement)............. 8(Changes in Accounting Policies, etc.) ............................................................................................................ 8(Additional Information).................................................................................................................................. 9(Segment Information) ..................................................................................................................................... 9

1

1. Qualitative Information on the Financial Summary for this Quarter(1) Details of Consolidated Financial Results
During the year-to-date third quarter period of the fiscal year ending December 31, 2017, the Japanese economy
continued to show a modest recovery with continued improvement of the job market and income situation as well as
positive indicators of consumer sentiment and consumer spending.
In the soft drink industry, the market remained almost flat in terms of sales volume when compared to the same
period in the previous year, reflecting poor weather during the summer peak season in eastern Japan, with
continuous rain in the Kanto and Tohoku regions. Continued roll-outs of FOSHU (Food for Specific Health Usage),functional-claim and other value-added products have helped to offset this negative impact of weather on industry
volume performance.
Both the health food and cosmetics industries continue to generate positive results, supported by launches offunctional-claim food products and a stream of market entrants from other industries driven by the demand fromhealth-conscious consumers in the health food industry. In the cosmetics industry, consumer needs continue todiversify and the demand from inbound tourism has also contributed growth.
In this operating environment, in order to pursue new business opportunities and realize sustainable growth,
Coca-Cola Bottlers Japan Inc. (CCBJI) was formed through the business integration of Coca-Cola West (CCW) and
Coca-Cola East Japan Co., Ltd. (CCEJ) effective April 1, 2017 through a combination of a share exchange and anabsorption-type company split.
Furthermore, CCBJI (the Company) announced a medium-term business plan, the “Growth Roadmap for 2020
& Beyond” for the period up to 2020, which sets forth the Company’s strategic initiatives, namely profitablerevenue growth, integration synergies, establishment of a new operating model and a holistic financial framework tocreate shareholder value while investing in people capability development and shared value with local communities.
The Company will focus on these initiatives to achieve sustainable growth, leverage the synergy effects of thebusiness integration, and continue to lead the domestic soft drink industry.
The summary of financial results for the year-to-date third quarter period of this fiscal year is as follows.
<Net Revenues>
Year-to-date third quarter, consolidated net revenues of the soft drink business increased by 293,576 million
yen to 622,837 million yen (up 89.2%) year on year, primarily owing to factors such as the business integrationof CCW and CCEJ effective as of April 1, 2017. Consolidated net revenues of the healthcare & skincare
business fell by 2,198 million yen to 22,251 million yen (down 9.0%) year on year. As a result, the total
consolidated net revenues increased by 291,378 million yen to 645,088 million yen (up 82.4%) year on year.
<Operating Income and Recurring Income>Year-to-date third quarter, consolidated operating income of the soft drink business increased by 19,832
million yen to 36,341 million yen (up 120.1%) year on year, due to an increase in net revenues led by thebusiness integration described above as well as a decrease of expenses brought by the change in depreciation
method for fixed assets and cost savings initiatives (at both CCW and CCEJ). Consolidated operating income in
the healthcare & skincare business fell by 252 million yen to 2,264 million yen (down 10.0%) year, due tofactors such as the aforementioned drop in net revenues. As a result, the total consolidated operating income forthe year-to-date period increased by 19,508 million yen to 38,606 million yen (up 102.9%) year on year.
Furthermore, consolidated recurring income increased by 19,556 million yen to 37,876 million yen (up106.7%) year on year.
<Net Profit Attributable to Shareholders of Parent>
Year-to-date third quarter, net profit attributable to owners of parent increased by 13,170 million yen to23,797 million yen (up 123.9%) year on year, mainly due to an increase in recurring income, etc.
<Reference>Year-to-date third quarter pro-forma revenues, assuming the business integration of CCW and CCEJ fromJanuary 2017 and estimating 2016 results using the same standard, decreased by 12,892 million yen to 764,029
million yen (down 1.7%) year on year, mainly impacted by a decrease of sales volume partly driven by poor
weather as well as our continued focus on driving profitability. Year-to-date pro-forma operating income increased
by 2,620 million yen to 40,131 million yen (up 7.0%) year on year driven by cost reductions in manufacturing aswell as generating integration synergies in the soft drink business, etc. Year-to-date pro-forma net profit attributable
to shareholders of parent was 24,389 million yen, up 2,599 million yen (11.9 %) year on year.
CCBJI also discloses the earnings presentation material on the CCBJI website (https://en.ccbji.co.jp/ir/). On thewebsite, a live webcast and replay are available for listening the CCBJI earning presentation.
2(2) Details of Consolidated Financial Position
Total assets at the end of the second quarter of the fiscal year under review increased by 512,108 million yen to889,577 million yen (up 135.7%) compared to the end of the previous consolidated fiscal year, mainly due to theinclusion of Coca-Cola East Japan Co., Ltd. in our scope of consolidation in connection with the business integration.
Liabilities increased by 150,449 million yen to 266,745 million yen (up 129.4%) from the end of the previous
consolidated fiscal year. This was chiefly due to the impact of the aforementioned new consolidated company.
Net assets increased by 361,658 million yen to 622,831 million yen (up 138.5%) compared to the end of theprevious consolidated fiscal year as a result primarily of an increase in other capital surplus in connection with theissuance of new shares as part of the business integration.
(3) Information on the Future Outlook, Including Forecast of Consolidated Financial Results
Full-year consolidated performance forecasts of Coca-Cola Bottlers Japan Inc. for the fiscal year ending
December 31, 2017 remain unchanged from the performance forecasts released on June 5, 2017.

3

2. Quarterly Consolidated Financial Statements and Main Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of December 31, 2016
AssetsCurrent assets
Cash and deposits
Trade notes and accounts receivable
Marketable securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Sales equipment, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Franchise intangible
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

4

As of September 30, 2017

63,84929,64923,112
27,279652
1,998
17,333(287)

91,84982,20513,00054,968596
10,114
40,624(428)

163,587

292,931

31,162
22,68839,99962,128
5
1,829
157,815

73,233
66,154110,409
151,892
259
5,462
407,410

22,668－4,889
27,55778,01250,74814,981
143,743

20,144
123
8,760
(519)
28,508
213,881
377,468

30,581
135
15,499(724)
45,491
596,645889,577

(Millions of yen)
As of December 31, 2016
Liabilities
Current liabilities
Trade notes and accounts payable
Current portion of long-term borrowings
Accrued income taxes
Other accounts payable
Provision for sales and promotion expenses
Provision for bonuses
Provision for directors’ bonuses
Provision for environmental measures
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term loans payable
Net defined benefit liability
Liabilities for directors' and corporate
auditors' retirement benefits
Provision for environmental measures
Other
Total non-current liabilities
Total liabilities
EquityShareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Net unrealized gains(loss) on othermarketable securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Net assets
Total liabilities and equity

5

As of September 30, 201715,99017
5,717
25,042
308
－
－
－
8,662

44,1142,138
8,201
53,134
405
3,354
101
163
20,89955,739132,51350,000183
3,505

66,00012,71924,932

191

223

－

90

6,675
60,556116,295

30,265
134,232

15,231109,072
137,404(4,593)
257,114

15,231450,639
154,088(4,677)615,282

4,092

6,051

77
(3)
(522)

560
14
(57)

3,643

6,570

414
261,173
377,468

978622,831

266,745889,577

(2) Quarterly Consolidated Statements of Income and Comprehensive Income(Quarterly Consolidated Statements of Income)(First nine-month period of this fiscal year)(Millions of yen)
Nine months ended
September 30, 2016

Nine months ended
September 30, 2017

Net revenues
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Share of profit of investees equity-method
Rent income
Gain on sales of valuable wastes
Other
Total non-operating income
Non-operating expenses
Interest expense
Investment loss on equity method
Loss on disposal of property plant and equipment
Other

353,710170,213645,088
310,837

183,497334,250

164,471
19,025

295,644
38,606

37
226
39
94
84
151

15
278
－
246
246
232

633

1,019

352
493
492

401
37
757
553

Total non-operating expenses
Recurring income
Extraordinary income
Gain on sale of property plant and equipment
Gain on sale of investment securities
Gain on step acquisitions
Total extraordinary income
Extraordinary loss
Loss on disaster
Loss on impairment of investment securities
Loss on abandonment of inventories
Business integration-related expenses
Total extraordinary loss
Income before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Net profit
Net profit (loss) attributable to non-controlling interests
Net profit attributable to owners of parent

1,339
18,3201,749
37,876

744
17

369
16
188
574

－

－
761
1,052
148
648
－
1,849
17,232
6,079
479
6,559
10,67345
10,627

6

－
－
－
721
721
37,73012,934
1,014
13,94923,780(16)
23,797(Quarterly Consolidated Statements of Comprehensive Income)(First nine-month period of this fiscal year)(Millions of yen)
Nine months ended
September 30, 2016

Nine months ended
September 30, 2017

10,67323,780(3,029)

1,959

－
59
724

508
18
440

(298)

(0)

(2,543)
8,129

2,926
26,707

8,083

26,72445(16)Net profit
Other comprehensive income
Net unrealized gains (loss) on other marketablesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefits
Share of other comprehensive income ofinvestees equity-method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to owners of
the parent
Non-controlling interests7(3) Notes to Quarterly Consolidated Financial Statements(Notes Relating to Assumptions for the Going Concern)
Not applicable.
(Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value)
The Company conducted a share exchange with Coca-Cola East Japan Co., Ltd. as of April 1, 2017, throughwhich the Company became the wholly owning parent company and Coca-Cola East Japan Co., Ltd. became awholly owned subsidiary company.
As a result, during the nine-month period of this fiscal year, capital surplus increased by 341,562 million yen, andis recorded at 450,639 million yen as of the end of the third quarter.
(Change in Significant Subsidiaries during the Current Period)(Significant Change in the Scope of Consolidation)
The Company made Coca-Cola East Japan Co., Ltd. a wholly owned subsidiary through a share exchange as ofApril 1, 2017, and included it in the scope of consolidation on the same day.
(Application of Special Accounting for Preparing the Quarterly Consolidated Financial Statement)
Not applicable.
(Changes in Accounting Policies)(Changes in accounting policies that are difficult to distinguish from changes in accounting estimates, and changes
in accounting estimates)(Change in depreciation method and change in service life)
Previously, the Company and some of its consolidated subsidiaries mainly used the declining balance method to
calculate depreciation of property, plant and equipment (excluding sales equipment and leased assets), but we haveswitched to the straight-line method from the first quarter of this fiscal year.
The business integration with Coca-Cola East Japan Co., Ltd. carried out as of April 1, 2017 gives us a stronger
business platform, and by bringing together the know-how in the areas of sales and manufacturing that bothcompanies have cultivated over the past years it will allow us to create an optimal production structure covering awide geographical area. Consequently, as we expect to be able to benefit from the long-term, stable use of property,
plant and equipment (excluding sales equipment and leased assets), using straight-line depreciation to distribute theexpense over its service life will appropriately reflect the pattern of consumption of economic benefits for suchproperty, plant and equipment, so we have therefore decided to change our depreciation method to the straight-line
method.
The Company and some of its consolidated subsidiaries also used the opportunity provided by the change in ourdepreciation method to conduct a utilization study. Previously, we had set the key service life of manufacturingmachinery and equipment at 10 years, but as a result of our study we have revised it to 7-20 years – a predictedeconomic life that more accurately reflects the reality of the situation – and have made changes extending into the
future.
We also took the opportunity provided by the change in our depreciation method for property, plant andequipment to devaluate the residual value of property, plant and equipment after the elapse of its service life to anominal value of one yen, from the first quarter of this consolidated fiscal year.
Compared to the previous method, the aforementioned changes have resulted in an increase in operating income,recurring income and income before income taxes and minority interests of 558 million yen, 532 million yen and532 million yen, respectively, for the first nine-month period of this consolidated fiscal year.
Please refer to “2. Quarterly Consolidated Financial Statements and Main Notes (3) Notes to Quarterly
Consolidated Financial Statements (Segment Information)” for the impact on segment information.

8

(Additional Information)(Changes in Presentation)(Quarterly Consolidated Statements of Income)“Rent income” and “gain on sales of valuable wastes,” which were included in “other” in “non-operating
income” in the first nine-month period of the previous fiscal year, are shown separately from the current period,
considering their significant monetary impacts. To reflect this change in presentation, the Company has madecertain reclassifications to its consolidated financial statements for the first nine-month period of the previous fiscal
year.
As a result, 331 million yen, which was presented in “other” in “non-operating income” in the Consolidated
Statements of Income for the first nine-month period of the previous fiscal year, has been reclassified as rent
income (94 million yen), gain on sales of valuable wastes (84 million yen) and other (151 million yen).
(Application of Implementation Guidance on Recoverability of Deferred Tax Assets)“Implementation Guidance on Recoverability of Deferred Tax Assets” (ASBJ Guidance No. 26 dated March 28,2016) is applied from the first quarter of this consolidated fiscal year.
(Segment Information)
First nine-month period of the previous fiscal year (January 1, 2016 – September 30, 2016)
Information on net revenues and profits or losses by reported segment(Millions of yen)
Healthcare & skincare
business

Soft drink business

Total

Net revenues
Net revenues-outside
customers
Net revenues andtransfer-inter-segment

329,261

24,449353,710

－

－

－

Total

329,261

24,449353,710Segment profit

16,5092,516

19,025(Note) Net revenues and Segment profit are equivalent to Net revenues and Operating income in Quarterly Consolidated
Statements of Income, respectively.

9First nine-month period of this fiscal year (January 1, 2017 – September 30, 2017)
1. Information on net revenues and profits or losses by reported segment(Millions of yen)
Healthcare & skincare
business

Soft drink business

Total

Net revenues
Net revenues-outside
customers
Net revenues andtransfer-inter-segment

622,837

22,251

645,088

－

－

－

Total

622,837

22,251

645,088

Segment profit

36,341

2,264

38,606(Note) Net revenues and Segment profit are equivalent to Net revenues and Operating income in Quarterly Consolidated
Statements of Income, respectively.
2. Matters relating to assets by reported segment
In connection with the Company making Coca-Cola East Japan Co., Ltd. its wholly-owned subsidiary as of April
1, 2017, the Company included Coca-Cola East Japan Co., Ltd., two of its subsidiaries and four affiliates of theCompany accounted for under the equity method in the scope of consolidation, effective the same day. Mainly
due to the impact of such inclusion, the amount of assets by reported segment in the soft drink business at the endof the first nine-month period of this fiscal year increased by 513,741 million yen year on year.
3. Matters relating to changes in the Company’s reported segments(Change in depreciation method and change in service life)
As discussed in “2. Quarterly Consolidated Financial Statements and Main Notes (3) Notes to Quarterly
Consolidated Financial Statements (Changes in Accounting Policies, etc.),” from the first quarter of thisconsolidated fiscal year the depreciation method for property, plant and equipment (excluding sales equipment
and leased assets) was changed to the straight-line method. The key service life of machinery and equipment
has been revised to 7-20 years, and changes have been applied into the future. Furthermore, from the firstquarter of this consolidated fiscal year the residual value of property, plant and equipment after the elapse of its
service life has been devaluated to a nominal value of one yen.
As a result of these changes, compared to the previous method, segment revenue for the first nine-month
period of this fiscal year has increased by 541 million yen in the soft drink business and 17 million yen in thehealthcare & skincare business.
4. Information on impairment loss of fixed assets or goodwill by reported segment(Significant change in the amount of goodwill)
In connection with the Company making Coca-Cola East Japan Co., Ltd. its wholly-owned subsidiary as ofApril 1, 2017, goodwill has arisen with respect to the soft drink business.
The recorded amount of goodwill provisionally calculated in connection with the above is 58,154 million
yen for the first nine-month period of this fiscal year.

10