May 12, 2022
To whom it may concern:
Name of company

Coca-Cola Bottlers Japan Holdings Inc.

Representative

Representative Director & President

Calin Dragan(Code No. 2579, Prime Market of the Tokyo Stock Exchange)
Direct enquiries toTatsuhiro

Head of Controllers Senior Group
Division, Finance,Ishikawa(Tel. +81-3-6896-1707)

Announcement of Full-Year 2022 Earnings Forecast
Coca-Cola Bottlers Japan Holdings Inc. (the “Company”) announced full-year 2022 (January 1 to December 31, 2022)
earnings forecast, which was not determined on February 10, 2022, as follows.
1.

Announcement of full-year forecast
Full-year 2022 (from January 1, 2022 to December 31, 2022) forecast

million yen

BusinessIncome(loss)
million yen

OperatingIncome(loss)
million yen

－－－－－

－

819,700(14,600)(11,100)(7,900)(7,900)(44.05 Yen)

Difference (A-B)

－－－－

－

Difference (%)

－－－－

－

785,837(14,662)(20,971)(2,525)(2,503)

Revenues

Forecast as of February 10, 2022 (A)Forecast announced today (B)(Reference) Full-year 2021 results

NetNet income (loss)
Incomeattributable to the(loss)
owners of parent
million yen
million yen

Earnings (loss)
per share(13.96 Yen)

* We have introduced “Business Income” as a measure of our underlying or recurring business performance after the adoption of IFRS.
Business Income deducts cost of sales and SG&A from revenue, and includes other income and expenses which we believe arerecurring in nature* Net income and Net income attributable to owners of parent in full-year 2021 results is a total of continuing operation and discontinued
operation results.

2.

Reason for announcement
The Company had not disclosed its full-year forecast for the fiscal year ending December 31, 2022 due to difficulty ofthe estimate the specific impact on the business of the re-expansion of new coronavirus infection by the Omicron strain
coming and the future-outlook forecast for the business. However, although there continue to be many uncertainties, theCompany has announced a full-year forecast in light of the lifting of government strengthening measures to prevent thespread of COVID.
The forecast is based on not having re-spread of infection of the new coronavirus, no declaration of a state ofemergency, and application of government strengthening measures to prevent the spread of COVID, etc. As regards
Revenue, we are planning to increase the revenue from the previous year by aiming to increase sales volume driven by
expected demand increase with the recovery of consumer traffic and market share growth as well as by incorporating theeffects of price revisions for large PET effective on May 1st. Furthermore, The Business income expects the level toremain the same level as the previous year due to the continued severe competitive environment, the cycling impact of
the one-time cost savings achieved in the previous year, the recent sharp rise in raw material prices, and the ongoing
depreciation of the currency yen are expected to be factors in lower earnings. Moreover, the Company will continue
measures to mitigate the short-term impact on earnings as well as recurring cost saving through transformation initiatives.
This forecast includes the impact of “Notice for the Change in Accounting Estimate”, which were separately deisclosed
today.
(End of document)