Summary of Consolidated Financial Statements (Japanese Standards)
for Fiscal Year Ended December 31st, 2013
February 10th, 2014

Listed Company Name

Coca-Cola East Japan Co., Ltd.

Stock Exchange

Security Code

2580

URL

Tokyo Stock Exchange
Nagoya Stock Exchange
http://www.ccej.co.jp

Representative

title

Name

Calin Dragan

Contact

title

Name

Asako Aoyama

Representative Director &President
Senior Executive Officer
Finance Function

Scheduled date of general
March 28th, 2014
shareholders meeting
Scheduled date of submission ofMarch 31th, 2014
annual securities report
Preparation of supplementary documents for quarter results
Quarterly results briefing

Schedule date of start ofdividend payment
Yes
Yes

TEL:
03-5575-3859

March 31th, 2014

(Amounts of less than one million yen are rounded down to the nearest million yen.)

1．Consolidated Financial Results for the Fiscal Year ending December 31st, 2013
(1)
Consolidated Results of Operations
Net Sales
Operating Income
Ordinary Income
FY 2013
FY 2012

million yen%

million yen%

million yen%

million yen

%

92.4
0.4

7,581
3,387

123.8
△16.3

7,732
3,274

136.1
△7.7

11,582
1,630

610.2
24.6

Net income pershare

Net income per share(fully diluted)

FY2012: 1,795 million yen (33.1%)

ROE

Yen

％

％

％

139.64
36.91

7.6
1.9

3.6
2.9

2.0
1.7

Net assets per share

Equity Ratio

million yen

million Yen%

Yen

216.191
87,46168.7
77.5

1,785.92
1980.36

FY 2013 : 216,172 million yen, FY2012 : 87,417 million yen

Consolidated cash flows
Operating activities Investing activities

FY 2013
FY 2012FY 2013 :202million yen, FY2012 : 87 million yen

314,490
112,785(Reference) Shareholders’ equity:(3)

Operating income
marginYen

Consolidated Financial Position
Total Assets Net Assets

FY2013
FY2012

ROA

139.7036.95(Reference) Equity income of unconsolidated subsidiaries and affiliates:(2)

Net Income

372,792
193,794

Note: Comprehensive income: FY2013: 12,013 million yen (569.16%)

FY 2013
FY 2012(Percentages show year-on-year changes)

Financing activities

Cash and cash equivalents at year-end

million yen

million Yen

million Yen

million Yen

32,264
10,322△310△8,158△24,176△1,94029,79022,012

2．
．Dividends
Dividend per share
Q1
Yen

Q2
Yen

Q3
Yen

FY2012

－

18.00

－

FY2013

－

18.00

－

FY2014(forecast)

－

16.00

－

Year-end

Annual

Yen

yen

18.0
0
14.0
0
16.0
0

Dividend
payout ratio(consolidated)

Total dividend
payment (annual)

36.00
32.00

Ratio of dividends
to net assets(consolidated)

million Yen

%

%

1,588

97.4

1.8

2,489

22.9

1.6

60.5

32.00

3．
．The Consolidated Earnings forecasts for the fiscal year ending December 31st, 2014
(Percentages show year-on-year changes)

Net sales
Full-Year

Operating Income

Ordinary Income

Net Income Per
Share

Net Income

Mil yen%

Mil yen%

Mil yen%

Mil yen%Yen

535,800

43.7

15,00097.9

14,400

86.2

6,400

44.7

52.87

(1) Changes of important subsidiaries during the period (Changes of specific subsidiaries accompanied
by changes in the consolidation scope)

Yes

Mikuni Coca-Cola Bottling Co., Ltd., Tokyo Coca-Cola Bottling Co., Ltd., Tone Coca-Cola Bottling Co., Ltd.
COCA-COLA EAST JAPAN PRODUCTS Co, Ltd(2) Changes in accounting policies and changes or restatement of accounting estimates① Changes in accounting policies accompanied by revisions of accounting standards, etc.
② Changes in accounting policies other than ①③ Changes in accounting estimates④ Restatement(3) Number of Issued Shares (Common Shares)① Number of the issued shares at the end of the
FY 2013
period (including treasury stock)② Number of the treasury stock at the end of the
FY 2013
period③ Average number of the shares during the
FY 2013
period (accumulated total)

None
None
None
None

121,898,978 shares

FY201145,003,495 hares

856,494 shares

FY2011

861,446 shares

82,912,957 shares

FY 2011

44,134,021 shares*Statement regarding the status of the quarterly review
At the time of disclosure of this financial summary, the audit procedures in accordance with the
Financial Instruments and Exchange Act are in progress.
*Explanation regarding the appropriate use of earnings forecasts and other special notes
Although the statements in this summary are based on various information available to the Company and certain assumptions
considered reasonable by the Company, actual results may differ significantly due to various factors. For details of
assumptions for earnings forecasts and notes on the use of earnings forecasts, please see “Analysis of operating results andfinancial position” page 2 of the attached material of the summary.

Contents of the Attached Materials
１． Analysis of operating results and financial position ･････････････････････････････････････2(1) Analysis of operating results ･･･････････････････････････････････････････････････････････2(2) Analysis of financial position ･･･････････････････････････････････････････････････････････4(3) Basic policies for profit distribution and dividends for FY 2012 and FY 2013 ･･････････････････5(4) Risks of businesses, etc. ･･････････････････････････････････････････････････････････････5
２．Status of corporate group ･････････････････････････････････････････････････････････････7
３．Management policies ･･････････････････････････････････････････････････････････････････8(1) Basic management policies ････････････････････････････････････････････････････････････8(2) Targeting management benchmark ･････････････････････････････････････････････････････8(3) Medium-to-long term management strategies ････････････････････････････････････････････8(4) Issues requiring actions ･･･････････････････････････････････････････････････････････････8(5) Other significant matters for management ･･･････････････････････････････････････････････8
４．Consolidated financial statements ･･････････････････････････････････････････････････････9(1) Consolidated balance sheet ･･･････････････････････････････････････････････････････････9(2) Consolidated profit and loss statement and comprehensive profit statement ･････････････････11
Consolidated profit and loss statement ･･･････････････････････････････････････････････13
Consolidated comprehensive profit statement ･････････････････････････････････････････13(3) Consolidated statement of changes in net assets ････････････････････････････････････････14(4) Consolidated cash flow statement ･････････････････････････････････････････････････････16(5) Notes to consolidated financial statements ･･････････････････････････････････････････････18（Notes to assumption of going concern）･･･････････････････････････････････････････････18（Basis for preparation of consolidated financial statements）･･････････････････････････････18（Changes in accounting policies）･････････････････････････････････････････････････････19（Unapplied accounting standards, etc.）････････････････････････････････････････････････19（Additional information）･･････････････････････････････････････････････････････････････20（Consolidated balance sheet）････････････････････････････････････････････････････････21（Consolidated profit and loss statement) ･･･････････････････････････････････････････････21（Consolidated comprehensive profit statement）･････････････････････････････････････････23（Consolidated statement of changes in net assets）･･････････････････････････････････････24（consolidated cash flow statement）････････････････････････････････････････････････････25（Segment information, etc.）･･････････････････････････････････････････････････････････25（Per share information）･･････････････････････････････････････････････････････････････27（Significant subsequent events）･･････････････････････････････････････････････････････27－

1 －1. Analysis of Operating Results and Financial Position(1) Analysis of Operating Results
General overview for this consolidated accounting period (from January 1, 2013 to December 31, 2013)
During the reporting period, the macro-economic situation in Japan has seen some recovery, as the Bank ofJapan continues its monetary easing policy and the government remains committed to fiscal stimulus activities
in order to boost growth and consumption. Indeed, with a weaker Japanese yen and strong stock market
gains, business confidence and consumer sentiment have improved, private consumption has grown andcapital investment has rallied.
The nonalcoholic ready-to-drink beverage industry in Japan has seen change during this period as well, withindustry consolidation, continued pricing competition and volume growth for the full-year 2013.
Q4 2013 marked the second quarter of operations for Coca-Cola East Japan after the management integrationof the four Kanto and Tokai Region Coca-Cola bottling companies on July 1, 2013. As a result of theintegration, Coca-Cola East Japan (CCEJ) is now the fifth largest global Coca-Cola bottler in terms of annual
revenue and the largest Coca-Cola bottler in Japan, with close to 50% of total Coca-Cola Japan system
volume.
CCEJ now encompasses one contiguous geographic territory in one of the most dynamic and competitive
consumer markets in Japan. The integration allows us to make business-building decisions from acommercial and supply chain perspective that leverage the scale of our newly expanded size and the related
efficiencies of having one optimized set of functional organizational structures rather than multiple individual
businesses running in separate geographies. In addition we have the unique opportunity to tap into theextensive network of the Coca-Cola system worldwide and leverage subject matter expertise and bestpractices to build CCEJ from a simple combination of four bottling companies to our goal of becoming aworld-class Japanese Coca-Cola bottler.
During the six-month period since integration, although still early in our integration work, we were pleased withthe speed of our integration efforts and the strength of our business results. We completed our first year ofoperations with 2% volume growth in the fourth quarter, and volume and value share gains in total nonalcoholic
ready-to-drink beverages, led by unsweetened teas, sparkling beverages and sports drinks. Full-year volume
performance was even, compared with the same period of the previous year. With over 250 integration
projects and initiatives ongoing there are many visible signs of progress to highlight, including the following:・We launched our One+ Roadmap for Sustainable Growth with a focus on solid growth plans, substantial
synergy capture, optimized operating structures and investment in new production capacity and people
capability development.
・We realigned our Commercial organization on October 1, 2013 to reflect a customer and channel orientation
to replace the previous bottler region structure.
・Our route-to-market pilot program at our Chiba sales center has been a success and we are now deploying it
across our entire territory.
・On January 1, 2014, we completed the merger of our four production companies into one company,
Coca-Cola East Japan Products Co., Ltd. (CCEJP) to ensure efficient and effective consolidated production
operations.
・We also consolidated our headquarters management functions into one headquarters location in Akasaka,
Tokyo, while at the same time leveraging our existing real estate assets across our territory to centralize
business support and other functions into centers of excellence.
・We have started work on the implementation of a next-generation Enterprise Resource Planning (ERP)system, “Coke-One” which will standardize and integrate business processes across CCEJ based on
world-class bottler best practices and technology.
・We completed our previously announced manager-level voluntary separation plan on schedule.
Performance Highlights
During the fourth quarter, total sales volume (BAPC) grew 2% and, for the full-year total sales volume wasslightly positive, rounding to even. During the fourth quarter, sales volume growth was led by unsweetened
teas (+6%), sparkling beverages (+4%), and sports drinks (+3%), while ready-to-drink coffee sales volume
declined (-3%) as growth in Georgia European was not enough to offset declines in Georgia Emerald Mountain
Blend. For the full year, sales volume grew in unsweetened teas (+4%), sports drinks (+2%), juices (+2%)
and sparkling beverages (+1%), while ready-to-drink coffee declined (-4%). During the quarter and the full year,
volume grew primarily in the drug & discounter channel and regional supermarkets, while the vending channel
continued to experience volume pressure.

－2 －With regard to marketing activities during the quarter, Trademark Coca-Cola continued its growth momentum,
up 1%, supported by a fully-activated Coca-Cola winter campaign, featuring the popular Coca-Cola polar bears,
as well as the launch of Cherry Coke. Coca-Cola Zero grew 1% in the quarter with continued strong in-store
execution and promotions, and Fanta grew 8%, driven by the launch of a new flavor, Fanta Yuzu. Canada
Dry also performed well, with volume growth of 15%, as we launched an industry first hot sparkling beverage,
Canada Dry Hot Ginger Ale. In the hydration category, unsweetened teas grew 6%, with Ayataka up 11% andSokenbicha up 7%, driven by continued momentum in channels such as convenience stores, supermarkets
and drug and discounters. Aquarius sports drink grew 2% thanks to strong performance of Aquarius Zero andAquarius Vitamin. Finally, as a reminder, with Tokyo being selected as the site for the 2020 Olympic andParalympic Games, CCEJ is proud to be the hometown Coca-Cola bottler of the 2020 Tokyo Olympic Games,
and to represent, together with our partners at Coca-Cola Japan, The Coca-Cola Company, which has been a
Worldwide Olympic Partner since the 1928 Amsterdam Games.
Our consolidated earnings results reflect the impact of the integration of the four Kanto and Tokai Region
bottlers on July 1, 2013, and therefore the full-year results reported today reflect the consolidated results of the
newly integrated CCEJ in the third and fourth quarter (July 1 to December 31) and the performance of thelegacy Coca-Cola Central Japan Co., Ltd. for the first and second quarters (January 1 to June 30). Pleaserefer to the Company’s 2013 earnings presentation materials on February 12, 2014 for details regarding
normalized 2013 results versus pro-forma 2012 results.
Full-year reported consolidated net sales revenue for the group was JPY 372,792MM, up 92.4%, or JPY
178,998 MM versus the prior year, and reflects the benefit of the integration of the four Kanto and Tokai Region
bottlers on July 1, 2013. This result is below our previously communicated full-year reported estimate by 1%
and reflects the negative impact of price/mix in the fourth quarter as a result of an ongoing competitive pricing
environment as well as the effect of channel mix, with 14% volume growth in the drug & discounter channel
during the fourth quarter and continued softness in the vending channel (-2%). The convenience store channel
volume grew 7% and supermarket volume grew 2% in the fourth quarter.
Full-year reported consolidated operating income was JPY 7,581 MM, up +123.8%, or JPY 4,194 MM versus
the prior year. This reflects the benefit of the bottler integration, including the benefit of production savings
related to CCEJP, and includes the negative impact of JPY 888 MM in non-recurring items related tointegration and restructuring initiatives during the period. The full-year reported operating income results are
20% higher than our previously communicated full-year reported estimate and reflect the continued benefit oftimely realization of production synergies that partially offset the challenging pricing environment as well as
accelerated operating expense savings in 2013.
Full-year reported net income was JPY 11,582 MM, up +610.2%, or JPY 9,951 MM versus the prior year period.
This reflects the benefit of the bottler integration as well as a net JPY 6,001 MM one-time impact to Net Income
primarily related to the recognition of negative goodwill associated with the bottler integration. The full-year
net income results are 6% higher than our previously communicated full-year reported estimate and reflect theoperating income performance during the period, partially offset by additional extraordinary losses related to
impairment of some production and IT assets as part of ongoing integration and restructuring initiatives.
②Forecast for the year of 2014
Sales
Revenue(JPYMM)
FY 2014 Est.
535,800
FY 2013 Actual
372,792
43.7
Difference（%）

Operating
Income(JPYMM)
15,0007,581
97.9

Ordinary
profit(JPYMM)
14,4007,732
86.6

Net Income(JPYMM)Net Income /Share (JPY)

6,400
11,582-44.4

52.87
139.7062.2

The performance estimation for consolidated 2014 is as follows.
The group will generate JPY 535,800 MM (+43.7% from 2013) in reported sales revenue for 2014. In terms of
profitability, the group will generate JPY 15,000 MM (+97.9% from 2013) in operating income, and JPY 14,400
MM (+86.2% from 2013) in ordinary profit. In terms of Net Income, the group will generate JPY 6,400 MM(-44.7% from 2013). The difference between the 2014 ordinary profit and net income forecast is driven by the
expected net impact of various extraordinary items related to ongoing integration and restructuring initiatives
as a result of the integration of CCEJ. The year-on-year forecast decline in Net Income includes the impact of
cycling the extraordinary profit in 2013 related to recognition of negative goodwill associated with the bottler
integration.
Due to the aforementioned bottler integration, during the comparison period in 2013, we have included only－

3 －

results of Coca-Cola Central Japan in the first quarter and the second quarter of 2013. Furthermore, in 2013
actual, reported operating income reflects the negative impact of JPY 888 MM in non-recurring items related tointegration and restructuring initiatives during 2013. In addition, 2013 net income reflects one-time impact of
JPY 6,001 MM primarily related to the recognition of negative goodwill associated with the bottler integration.
Please refer to the Company’s 2013 earnings presentation materials on February 12, 2014 for details
regarding normalized 2014 forecast versus normalized 2013 results.

(2) Analysis of financial position① Financial position of assets, liabilities, and net assets
The consolidated financial position at the end of 2013 is as follows. Due to the aforementioned management
integration, this is the financial position of the integrated company.
Assets at the end of this consolidated accounting period are JPY 314,490 MM, an increase of JPY 201,704
MM from the end of previous fiscal year. This is mainly due to increases in cash & deposit, merchandise &product and tangible fixed assets caused by the aforementioned integration.
Liabilities at the end of this consolidated accounting period are JPY 98,299 MM, an increase of JPY 72,974
MM from the end of previous fiscal year. This is mainly due to increases in account payable, arrears, andaccrued expenses by the aforementioned integration.
Net assets at the end of this consolidated accounting period are JPY 216,191 MM, an increase of JPY 128,730
MM. This is mainly due to increase in Capital Surplus as a result of the aforementioned integration.
② Cash flow position
The consolidated cash flow position and actively as of and for the year ended December 31, 2013 is as follows.
Our consolidated cash flow position and activity as of and for the year ended December 31, 2013 reflects theimpact of the integration of the four Kanto and Tokai Region bottlers on July 1, 2013, and therefore the full-year
information reported today reflects the consolidated information of the newly integrated CCEJ in the third andfourth quarter (July 1 to December 31) and the performance of the legacy Coca-Cola Central Japan Co., Ltd.
for the first and second quarters (January 1 to June 30).
During this consolidated accounting period, cash and cash equivalents is JPY 29,790 MM, an increase of JPY
7,777 MM. Cash flow by activities in this consolidated accounting period is as follows.
(Cash Flow from Operating Activities)
Against JPY 11,460 MM net income before taxes and other adjustments, adding and deducting impacts suchas depreciation and amortization of long term prepaid expenses, decrease in inventory, gain from recognitionof negative goodwill, cash flow from operating activities is JPY 32,264 MM (+ JPY 21,942 MM ).
(Cash Flow from Investing Activities)
Cash outflow for investing activities is JPY 310 MM (+JPY 7,848 MM versus previous year). Expenditure foracquiring fixed assets and increase in short-term lending are partially offset by receipts of cash from new
subsidiaries by consolidation.
(Cash Flow from Finance Activities)
Cash outflow for finance activities is -JPY 24,176 MM (-JPY 22,235 MM versus previous year) mainly becauseof repayment of short-term and long-term loan, repayment of lease obligation, and dividend payment.
Transition of Ratios for cash flow of CCEJ is as follows.
2009
2010
2011
2012
2013
Capital-to-asset ratio (%)
80.0
78.3
76.0
77.5
68.7
Capital-to-asset ratio based on
47.1
42.9
37.8
41.9
84.1
market price (%)
Cash flow / interest bearing
－
－
－
－
－
liability ratio (%)
Interest coverage ratio (times)
434.1
724.3
809.4
687.5
134.6
Capital-to-asset ratio based on market price: Market cap / Total Asset
Cash flow / interest bearing liability ratio: Interest bearing liability / Operating Cash Flow
Interest Coverage Ratio: Operating Cash Flow / interest paid－

4 －(Note 1) Market cap is calculated by “Closing share price at the end of the year × Number of shares issued(after deduction of treasury stock)”.
(Note 2) Operating cash flow and interest paid come from operating cash flow and interest paid in consolidated
cash flow statement which includes interest for lease liabilities.
(Note 3) Interest bearing liability consists of all the liabilities which are listed in consolidated balance sheet andrequire interest payment.
(Note 4) As there is no interest bearing liability, “cash flow / interest bearing liability” is not shown.
(3) Basic policies for profit distribution and dividends for FY2012 and FY2013
The Company regards a dividend policy as one of the key managerial issues and declaressemi-annual dividends under the basic policies to continue with business investment and place the top
priority on healthy and stable payment of dividends to secure sustainable development and highprofitability of the Company in the future
Regarding the dividend of the retained earnings, year-end and interim dividend is determined by the
resolution of the Annual Shareholders Meeting and the Board of Directors Meeting, respectively, and wewould like to propose 14 yen per share for the year-end dividend for FY2013 and it will be 32 yen per
share for annual dividend for FY2013 together with 18 yen of the interim dividend paid in September
2013.
Also, we would like to secure internal reserve for development of our future businesses and costs ofcapital expenditure, etc.
For the annual dividend in the following period, we plan to pay a total annual dividend of 32 yen per
share comprised of an interim dividend of 16 yen per share and a year-end dividend of 16 yen per sharein accordance with the above-mentioned policy.
(4) Risks of Businesses, etc.
Of the matters related to operating results and financial positions declared in the summary of financial
statements, matters which could have a significant impact on investors’ judgment are as follows.
The below stipulation referring to the future matters are determined by the Group at the end of FY2012.
i.
Agreements with The Coca-Cola Company and Coca-Cola (Japan) Company Limited.
The Company conduct businesses under the Bottler’s Agreement executed by and between the
Company, The Coca-Cola Company and Coca-Cola (Japan) Company Limited and the Delegation
Authorization Agreement executed by and between the Company, The Coca-Cola Company,
Coca-Cola (Japan) Company Limited and Coca-Cola East Japan Products. Please refer to “(5)Other significant matters for management, 3. Management Policies” for more details of the above
agreements.
ii.
Market competition- Market competition
The beverage market has a fierce competition over shares among soft drink manufactures in ourbusiness area whereas it cannot foresee a big market growth. The Company’s sales
performance may be influenced by an increase of promotion costs, etc. due to the pressure on
retail prices at supermarkets, etc.
- Climate factors
Soft drink sales are susceptible to the climate, etc. due to the product characteristics. In
particular, bad weather during the peak season may influence the Group’s sales results.
iii.
Risks due to natural disasters, etc.
The Group has established and prepared the systems and measures to minimize impacts of blackout,
etc. on its business activities. On the other hand, we have no guarantee to prevent natural disasters
such as typhoon and earthquake. In case of occurrence of such disasters, the Group’s operating
results and financial position may be affected.
iv.
Quality control
Our products are soft drinks. The Group has been promoting quality control and freshness
management systems so as to provide safe and good-taste products to our customers. If, by any
possibility, an accident relating to the quality is occurred, our brand image may be damaged
regardless whether the accident is resulted from the Group or not. Therefore, in the event of such
accident, the Group’s sales performance may be affected.
v.
Influences due to economic climate-Risks of market fluctuation for pension assets
The Group has a defined benefit pension plan. In cases when operation of pension assets which
are consisted of securities grow worse, retirement benefit expenses may increase, thus it may
influence the Group’s financial performance.
vi.
Specific legal regulation

－

5 －

vii.

The Group conducts soft drink manufacture and sales business and the ancillary businesses such as
maintenance and repair service of sales equipment and delivery service of products and there arevarious regulations such as “Food Sanitation Act,” “Product Liability Act,” “Road Traffic Act” and“Anti-monopoly Act.” The Group strives to conform to all the laws and regulations and provide safe
products. If such laws and regulations were reinforced (revised), new expenses incurred for thecompliance may influence the Group’s operating results.
Environment-related
The Group proactively strives to conserve the earth’s environment and prevent environment pollution
and conform to the related laws by effectively utilizing the following two management systems,“ISO14001” and “KORE.” All the warehouses have obtained “ISO14001” and the Coca-Cola
System has originally developed and introduced “KORE.” If, by any possibility, the Group’s
credibility is damaged by environmental pollution, etc. it may influence the Group’s sales
performance and financial position.

The major changes in risks of business, etc. from the Summary of Financial Statement FY2012 are as
follows.
<Influences due to economic climate>
The net sales of soft drinks of our products are closely related to trends of population and personal spendingof our business areas; Kanagawa, Shizuoka, Yamanashi, Aichi, Gifu and Mie Prefectures. Based on thecurrent economic circumstances in Japan, we do not expect a rapid upward shift of population and personal
spending in the said areas whereas a rapid downward shift for the said items may give negative impacts on
the Group’s operating performance.
<Cooperation with Coca-Cola East Japan Products>
The Company has stake in Coca-Cola East Japan Products Co., Ltd. (CCEJP) which conduct businesses toreinforce the cost competitiveness in the market by promoting SCM system mainly in Kanto area andconducted joint businesses with other 3 bottlers in Kanto (Tone, Mikuni & Tokyo Coca-Cola Bottling Co.,
Ltd.); in association with the management integration dated on July 1, 2013 CCEJP became a consolidated
subsidiary of the Company. Thus, the Company determined that the risk such as a progress of cost
reduction plan, etc. at CCEJP influences to the Company and its Group companies has diminished.
Therefore, the Company does not recognize the said matter as a risk as of the date on which this Summaryof Financial Statement was filed.
For that reason, the following item which was described in the Summary of Financial Statement FY2012
under “1. Analysis of operating results and financial position (4) Risks of Businesses, etc.” shall be deleted.
ii.

Cooperation with Coca-Cola East Japan Products
The Company has stake in Coca-Cola East Japan Products Co., Ltd. (CCEJP) which conductbusinesses to reinforce the cost competitiveness in the market by promoting SCM system mainly in
Kanto area and conduct joint businesses with other 3 bottlers in Kanto (Tone, Mikuni & Tokyo
Coca-Cola Bottling Co., Ltd.) The Company purchase main products from CCEJP and sells them tothe market, thus the Group’s sales performance may be influenced by a progress of the CCEJP cost
reduction plan, etc.

－

6 －

2. Status of corporate group
The Group consists of the Company, four (22) consolidated subsidiaries, (2) non-consolidated subsidiaries,and (3) equity method affiliated companies and it is mainly engaged in soft drink manufacture and sales
business and the ancillary businesses such as maintenance and repair service of sales equipment anddelivery service of products, etc.
The key companies and the organizational diagram of the Company as follows.
(1) Sales of soft drinks, etc.
Coca-Cola Central Japan Co., Ltd., Mikuni Coca-Cola Bottling Co., Ltd., Tokyo Coca-Cola Bottling Co., Ltd.,
Tone Coca-Cola Bottling Co., Ltd., and 7 other companies are engaged in the said business.
(2) Transportation of soft drinks, etc.
Central Japan Logistics Co., Ltd., Mikuni Logistics Operation Co., Ltd., and Tone Logistics Service Co., Ltd.
are engaged in the said business.
(3) Manufacture of soft drinks
Coca-Cola East Japan Products Co., Ltd., Coca-Cola Central Japan Products Co., Ltd., Mikuni Aseptic Co.,
Ltd., and Hakushu Health Inryo Co., Ltd. are engaged with the said businesses.
As for the above 4 companies, absorption-type merger of Coca-Cola East Japan Products Co., Ltd., being
the merging company was implemented and Coca-Cola Central Japan Products Co., Ltd., Mikuni AsepticstCo., Ltd., and Hakushu Health Inryo Co., Ltd. were dissolved as of Jan 1 , 2014(4) Maintenance and repair service of sales equipment
Central Japan Techno Service Co., Ltd., Mikuni vending machine Service Co., Ltd., Machine MaintenanceNetwork Co., Ltd., and Tone Vending Machine Service Co., Ltd. are engaged with the said services.
The below diagram illustrates the structure of the Group.

－

7 －3. Management policies(1) Basic management policies
Based on our mission, “Create a new world of beverage,” the Group will achieve further development tocontribute to all stakeholders through sustainable growth, being: “# One in the Beverage Industry,” “The Only
One for the Community,” and “The Best One as a Workplace,” while placing our first and top priority on deliveryof safe products and services to our customers.
(2) Targeting management benchmark
As the management benchmark for FY2013, the Group is targeting to deliver 2.○% of net sales, operating
income.
(3) Medium-to-long term management strategies
Following the business integration of K4 businesses, we will further improve the efficiencies in the businessprocesses by bringing together the best practices of sales activities which have been cultivated in eachcompany, enhance the best market execution abilities and cost competitive edge in the industry throughoptimization of business processes in all the business areas and supply chain and aim for a sustainable growthby acquiring new business chances.
(4) Issues Requiring Action
The beverage industry in Japan has faced the diverse consumer tastes and intensifying cost competition but
we will seek further growth opportunities by channel, area, timing and drink category to expand our market
shares and will establish proper balance between sales volume and price setting simultaneously.
In addition, we will prepare better suited infrastructure such as installing new manufacturing line, improving andexpanding logistics equipment and facilities, and implementing world-class IT system.
Together with these strategies and accumulated local and global know-how, we will strive to become aworld-class Coca-Cola Bottler.
(5) Other significant matters for management
The Company has executed the Agreement with The Coca-Cola Company and Coca-Cola (Japan) Company
Ltd. to manufacture and sell Coca-Cola products and use the trademarks in 13 Prefectures in Kanto,
Koshinetsu, and Chubu regions, and based on this Agreement, the Company has concluded the Delegation
Authorization Agreement with The Coca-Cola Company, Coca-Cola (Japan) Company Ltd. and Coca-Cola
East Japan Products Co., Ltd. to outsource the manufacturing business to Coca-Cola East Japan Products Co.,
Ltd.

－

8 －

４．Consolidated financial statements(1)Consolidated balance sheets(MM yen)
FY2012
AssetsCurrent assets
Cash and deposits
Notes and accounts receivable-trade
Short-term investment securities
Merchandise and finished goods
Raw materials and supplies
Short-term loan to associated firms
Accounts receivable
Deposits paid
Other
Allowance for doubtful accounts
Current asset
Noncurrent assets
Property, plant and equipment
Buildings and structures, net
Accumulated depreciation
Buildings and structures, net
Machinery Equipment And Vehicles
Accumulated depreciation
Machinery, equipment and vehicles, net
Sale equipment, net
Accumulated depreciation
Sales equipment,net
tools, furniture and fixtures
Accumulated depreciation
Tools, furniture and fixtures, net
Land
Lease assets
Accumulated depreciation
Lease assets, net
Construction in progress
Property, plant and equipment
Intangible assets
Lease assets
Other
Intangible assets
Investments and other assets
Investment securities
Stocks of subsidiaries and affiliates
Long-term loans receivable
Prepaid pension cost
Deferred tax assets
Other
Allowance for doubtful accounts
Other
Noncurrent assets
Assets－9 －FY2013

6,017
13,652
16,000
6,593
495
347
319
3,610
1,407
△6
48,437

29,90135,934
1,505
31,261
1,931
2,678
960
10,8075,715△51
120,645

42,472△28,307
14,16429,687△24,901
4,786
73,392△59,024
14,3672,356△1,938417
18,681
1,621
△850
770
45
53,233

104,367△66,676
37,691
41,650△32,958
8,692
188,342△149,784
38,558
7,120△5,7681,351
46,75920,511△7,59812,912
12,733
158,699

－
1,499
1,499

3,616
3,616

1,658
886
1,033
2,337
714
3,078
△94
9,614
64,347112,785

10,645
385
3,050
2,119
5,664
9,922
△260
31,528
193,844
314,490

(MM yen)
FY2012
Liabilities
Current liabilities
Accounts payable-trade
Lease obligations
accounts payable-other and accrued expenses
Income taxes payableaccrued consumption taxes
Incentive accruals
Provision for directors' bonuses
Other
Current liabilities
Noncurrent liabilities
Lease obligations
Deferred tax liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Provision for environmental measures
Provision for early contact termination
Other
Noncurrent liabilities
Liabilities
Net assets
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Shareholders' equity
Valuation and translation adjustments
Valuation difference on available-for-salesecurities
Unlialized loss/gain from hedging activities
Total valuation and translation adjustments
Subscription rights to shares
Net assets
Liabilities and net assets－

FY2013

7,676
336
8,456
1,308
359
42
1,882
20,062
464
1,187
2,870
59
85

10 －

21,5103,090
28,896
1,585
1,171
1,264
131
3,639
61,289595
5,262
25,324

10,053
2,678
17,579
367
359
3,173
2,796
37,00998,2996,499
24,80557,041△1,16387,183

6,499
143,136
67,034△1,164
215,507

233

867

233
44
87,461
112,785

△201
665
19
216,191
314,490

(2) Consolidated profit and loss statement and comprehensive profit statement(Consolidated profit and loss statement)(MM yen)
FY2012
Net sales
Cost of sales
Gross profit
Selling, general and administrative expenses
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Rent income
Equity in earnings of affiliates
Gain on sales of valuable wastes
Gain on collection of deposits of bottles
Other
Buildings and structures, net
Non-operating expenses
Interest expenses
Property, plant and equipment
Rent expenses
Other
Non-operating expenses
Ordinary income
Extraordinary income
Gain on sales of noncurrent assets
Gain on sales of investment securities
Gain from negative goodwill or Gains fromacquisitions
Other
Extraordinary income

－

11 －

FY2013
193,794
117,167
76,626

372,792
207,719
165,073

73,238
3,387

157,491
7,581

40
37
128
87
114
67
492

93
52
297
202
228
285
230
1,390

15
438
50

236
880
70

100
3,274

52
7,732

10
37

4

－

12,96948

612,980(MM yen)
FY2012Extraordinary loss
Impairment and losses on disposal on fixed assets
Losses from realignment activities
Integration Lost
Impairment loss
Loss from consolidation of previousiy
unconsolidated entity
Loss from unconsolidated entity
Loss on valuation of investment securities
Extraordinary loss
Income before income taxes
Income taxes – current
Income taxes - deferred
Income taxes
Income before minority interests
Net income－

FY2013

112

6

605
4,665
1,961
1,171
821

150
55
324
2,998
1,848
△481
1,367
1,630
1,630

12 －

28
9,252
11,4601,973△2,095△122
11,582
11,582

Consolidated comprehensive profit statement(MM yen)
FY2012FY2013

Income before minority interests
Other comprehensive income
Unrealized gain (loss) on available for sales
securities
Deferred hedging loss

1,630

11,582

164

633

－
－

△2
△199

Other comprehensive income
Comprehensive income(Breakdown)Comprehensive income attributable to owners of
the parent company
Comprehensive income attributable to minority
interests

164
1,795

12,013

1,795

12,013

－

－

－

13 －

(1) Consolidated Statements of changes in net assets（from January 1st, 2012

to December 31st, 2012）(MM yen)Shareholders' equity

Balance as of December 31st
2011
Changes of items during theperiodCapital stock

Capital surplus

6,499

24,815Retainedearnings
56,998Dividends from surplus
Net income

Treasury stock

Total
shareholders
equity△1,20987,104△1,588△1,588

1,630

1,630

Purchase of treasury stock
Disposal of treasury stock

△9

△0

△0

46

37

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance as of December 31st
2012

－

△9

42

46

79

6,499

24,80557,041△1,16387,183

Valuation and translation adjustments
Valuation difference Total valuation andon available-for-sale translation
securities
adjustments
Balance as of December 31st
2011
Changes of items during theperiod69

69

Subscription rights toshares58

Dividends from surplus

Net assets

87,231△1,588Net income

1,630

Purchase of treasury stock△0

Disposal of treasury stock37

Net changes of items otherthan shareholders' equity
Total changes of items during
the period
Balance as of December 31st
2012

164

164

△14

150

164

164

△14

229

233

233

44

87,461－14 －（from January 1st, 2013

to December 31st, 2013）(MM yen)Shareholders' equity

Balance as of December 31st
2012
Changes of items during theperiodCapital surplus

Capital surplus

Capital surplus

Capital surplus

Capital surplus

6,499

24,80557,041△1,16387,183

Dividends from surplus△1,588△1,588Net income

11,582

11,582

Purchase of treasury stock
Disposal of treasury stock△11

Net changes of items otherthan shareholders' equity

118,342

Total changes of items during
the period
Balance as of December 31st
2013

6,499

△56

△56

55

44
118,342

118,3309,993△0128,324

143,136

67,034△1,164

215,507

Valuation and translation adjustments

Balance as of December 31st 2012

Valuationdifference
onavailable-for-sal
e securities

Unlialized loss/gainfrom hedging
activities

Total valuation andtranslation
adjustments

Subscription
rights to shares

Net assets

233

－

233

44

87,461

633

△201

431

△24

406

633

△201

431

△24

128,730

867

△201

665

19

216,191

Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stock
Net changes of items other thanshareholders' equity
Total changes of items during theperiodBalance as of December 31st 2013

－

15 －

(2) Consolidated cash flow statement(MM yen)
FY2012
Net cash provided by operating activities
Income before income taxes.
Depreciation and amortization
Amortization of long-term prepaid expenses
Increase (Decrease) in allowance for doubtful
accounts
Increase (Decrease) in provision for retirement
benefits
Decrease(Increase) in prepaid penshion costs
Increase (Decrease) in provision for directors’
bonuses
Increase (Decrease) in provision for directors’
retirement benefirts
Interest and dividend income
Interest expenses
Equity in losses (gains) of affiliates
Loss (Gain) on sales of investment securities
Loss (Gain) on sales of noncurrent assets
Loss on retirement of noncurrent assets
Loss on imparement of fixed assets
Decrease (increase) in notes and accounts
receivable-trade
Decrease (increase) in inventories
Increase (decrease) in notes and accounts
payable-trade
Increase/decrease in other assets/liabilities
Gain on negative goodwill
Loss (Gain) on step acquisitions
Other
SubtotalInterest and dividends income received
Interest expenses paid
Income taxes paid
Other
Net cash provided by (used in) operating activities
Net cash provided by (used in) investing activities
Purchase of property, plant and equipment
Proceeds from sales of property, plant andequipment
Purchase of intangible assets
Purchase of investment securities
Proceeds from sales of investment securities
Net decrease (increase) in short-term loans
receivable
Proceeds from phrchase of investments in
subsidiaries resulting in change in scope of
consolidation
Payments of loans receivableCollection of loans receivable
Other
Net cash provided by (used in) investing activities－

FY2013

2,998
8,412
2,956

11,46017,292
5,855

△39

△22

152

△429

851

217

3

9

11

△726

△78
15
△81
△20
△10
551
6

△146
236
△210
△7
1,482
1,171

589

4,110

361

11,642△2,312△6,430△4

10,322

1,297△12,969821△475
34,178152△239△1,819△7
32,264△7,810△27,184

166

716

△524
△6
395

△511
△26

－

31,412△3,003
11,40682△15△1,142△4,934△695
350△34△8,158

16 －

△336
552
2
△310

(MM yen)
FY2012
Net cash provided by (used in) financing activities
Net incrase (decrease) in short-term loans
payableRepayament of long-term loans payable
Proceeds from sales of treasury stock
Purchase of treasury stock
Repayments of lease obligations
Cash dividends paid
Proceeds from exercise of stock option
Net cash provided by (used in) financing activities
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents
Cash and cash equivalents－

FY2013△17,0300△0△351△1,5880△1,940222
21,78922,01217 －△3,2504△40△2,270△1,5880△24,176
7,777
22,012
29,790(5) Notes to consolidated financial statements(Notes to assumption of going concern)
Not applicable(Basis for preparation of consolidated financial statements)
１ Scope of consolidation:
All the subsidiaries are included in the consolidation scope.
(1) Number of consolidated subsidiaries: 22
The listing of major consolidated subsidiaries are omitted since it is provided in “2. Status of corporategroup.”(2) Number of nonconsolidated subsidiaries: 2
FV Corporation Co., Ltd. and TX Campus Co., Ltd.
The size of each of the nonconsolidated subsidiaries is small, and each company’s total assets, sales,
current net income (amount corresponding to equity) and retained earings (amount corresponding toequity) are small in size and do not have a material effect on the consolidated financial statements.

２

Application of equity method(1) Number of the affiliated companies with equity method applied:３

Coca-Cola Business Service Co., Ltd., Coca-Cola Customer Marketing Company Co., Ltd., and Fresh
Vender Service Co., Ltd.
(2) Non-Consolidated Subsidiaries and Affiliated Companies excluded from the equity method

FV Corporation Co., Ltd. and TX Campus Co., Ltd.
Reason for exclusion from the equity method: The above two non-consolidated subsidiaries
are excluded from the equity method as the impact on the consolidated financial statements isminor and there is little significance in totality taking into account various factors such as thecurrent net income or loss (amount corresponding to the equity interest) and retained earnings(amount corresponding to the equity interest).
３

Fiscal year of consolidated subsidiaries, etc.

The end of fiscal year of consolidated subsidiaries is same as that of the consolidated accountclosing date.
４

Accounting standards(1) Valuation standards and methods for significant assets
1) Securities:
Other securities
Securities with available fair market values:…Market value method based on the market value, etc. as at the account closing date(Valuation differences are to be reported as a component of shareholders’ equity and the cost of
products sold is to be calculated by using the moving average method.)
Securities without market value:…Cost method based on the moving average method
2) Inventory assets:
Mainly by gross average method or cost method based on the moving average method (Balance
sheet amount are calculated by the inventory write-down method to reflect the decline ofprofitability)(2) Depreciation method used for significant depreciable assets
1) Tangible fixed assets: (Excluding the lease assets)
Old declining-balance method
However, old straight-line method is applied for buildings acquired after April 1st, 1998.
Durable years of the major items are as follows.
Buildings:
3-50 years
Machineries, equipments & vehicles:
4-17 years
Sales equipments:
5- 6 years－

18 －2) Intangible fixed assets: (Excluding the lease assets)
Straight-line method
Straight-line method based on the Company’s available years (5 years) is applied for software.
3) Lease assets:
The lease period is the durable years for the lease assets and the residual value is zero,
calculated by the straight-line method.
4) Long-term prepaid expenses: Fully depreciated within the period(3) Basis for recording significant allowance1) Allowance for doubtful accounts: In order to prepare for bad debts loss of receivables such asaccounts receivable-trade, we have reviewed general accounts receivables and specificreceivables such as doubtful accounts receivables based on the loan loss ratio and individualcollectability, respectively, and recorded the unrecoverable amounts.
2) Allowance for officers’ bonuses: In order to prepare for the payment of bonuses for officers, wehave recorded an estimated amount at as of the end of the consolidated FY 2012.
3) Allowance for retirement benefits for employees: In order to prepare for the payment of
retirement benefits for employees, we have recorded an estimated amount at as of the end of theconsolidated FY 2012 based on the estimated amount of retirement benefit obligations andpension assets at as of the end of the consolidated FY 2012.
We have allocated the actuarial differences by the straight-line method using a specific number ofyears (13 years) within employees’ average remaining service years and treat and record them as
expenses at the following consolidated fiscal year onwards.
We have allocated past service liabilities by the straight-line method using a specific number ofyears (13 years) within employees’ average remaining service years and recorded them as
expenses.
4) Allowance for retirement benefits for officers: In order to prepare for the payment of retirement
benefits for the Officers, we have posted an estimated amount at as of the end of the consolidated
FY 2012 in accordance with Bylaw concerning Retirement Benefits for Officers.
5) Allowance for environmental measures: In order to prepare for disposing polychlorinatedbiphenyl waste kept in storage, we have posted an estimated incurred amount at as of the end of
the consolidated FY 2012.
(4) Scope of the Cash declared in the consolidated cash flow statement
For The Cash (cash and cash equivalents), we have posted cash on-hand, demand deposits
and short-term investments which are highly liquid (to be matured within 3 months from theacquisition),easily convertible and bear little risk in price fluctuation in the consolidated cash flow
statement.
(5) Other significant matters for preparation of the consolidated financial statements
Accounting treatment for consumption tax, etc.
Before-tax method is applied.
（Changes in accounting policies）

Not applicable.
（Unapplied accounting standard, etc.）“Accounting Standard for Retirement Benefit” (ASBJ Statement No. 26, issued on May 17th, 2012)“Guidance on Accounting Standard for Retirement Benefit” (ASBJ Guidance No. 25, issued on May 17th,
2012)
i.
Overview
Based on viewpoints to improve the financial reporting and international movement, the said
standard and guidance were revised mainly for improving the method to treat unrecognizedactuarial differences and past service liabilities and to calculate retirement benefit liabilities and
－

19 －

ii.

iii.

service cost and the disclosure.
Schedule date for the application
The Group will apply the revised retirement benefit liabilities and service cost from the beginningof the consolidated fiscal year starting after January 1st, 2015 and the revised treatment method
for unrecognized actuarial differences and past service cost and improved disclosure for the
consolidated financial statements at the end of the consolidated fiscal year starting after January
1st, 2014.
Impacts of the application of the said accounting standard
The impacts on the consolidated financial statements are under evaluation at the time of
preparing the consolidated financial statements.

（Additional information）

i.

Application of the “Accounting Standard for Accounting Changes and Error Corrections” etc.
The Group has applied the “Accounting Standard for Accounting Changes and Error Corrections”(ASBJ Statement No 24, issued on December 4, 2009) and the “Guidance on AccountingStandard for Accounting Changes and Error
Corrections” (ASBJ Guidance No 24, issued on December 4, 2009) to accounting changes or
error corrections madeat the beginning of FY 2012 and thereafter.

－

20 －

(Consolidated balance sheet)
Not applicable.
(Consolidated profit and loss statement)*1 Year-end inventory represents the amount after write-down due to a decreased
profitability and the next inventory appraisal loss is included in the cost of goods
sold.
FY2012FY2013△48 MM yen

52MM yen*2 Major items and amounts of selling and general administration expenses are as
follows.
FY2012
Sales commission
Advertisement and promotion cost

FY2013

14,197 MM yen
9,242

31,065MM yen
16,468Transportation cost
Salaries/allowance and bonuses

11,55915,614Retirement benefit cost
Provision of allowance for retirement

2,176

2,284

17

35

42

100

7,228

14,430benefits for Officers
Provision of allowance for bonuses for
Officers
Depreciation cost

33,831
31,958※３ Breakdown of loss on sales of noncurrent assets are as follows.
FY2012
Sale equipment
Machinery Equipment And
Vehicles
Total

FY2013438MM yen

880MM yen

-MMyen0MM yen438MMyen

880MM yen

※４ Breakdown of gain on disposal of fixed assets are as follows.
FY2012
Machinery Equipment And
VehiclesLand

FY2013－MM yen

4MM yen

10 MM yen

MM yen※５ Breakdown of loss on sales of noncurrent assets are as follows.
FY2012
Buildings and structures
Machinery Equipment And
VehiclesSale equipment
tools, furniture and fixtures
計

FY201343 MM yen

259MM yen

43

322

24

22

112

605

－

21 －

※６ Breakdown of Restructuring cost is as follows.
FY2012FY2013

Expenses related to transition of
mission-critical systems－MM yen3,984 MMyen

Expenses for the relocation ofhead office nad branch offices, etc

10 MMyen

261 MMyen

Special retirement expenses
Total

*7

419 MMyen

Impairment loss

The Group has posted the impairment loss for the below assets for FY 2012 as follows.
Location

PurposeType

Impairment loss (MM yen)Izu-City, Shizuoka Pref.

Unutilized asset

Land

4

Takayama-City, Gifu Pref.

Unutilized asset

Land

2

For assets for business, the Group uses management accounting unit for the basis of asset groups andapplies the grouping minimum unit to produce independent cash flow. In addition, for assets leased toothers and unutilized assets, the Group has judged signs of impairment loss using an individual property
as grouping minimum unit.
Regarding the unutilized assets, they are currently idle and expected to be under suspension of operation.
Moreover the future use are not determined, thus we have decreased the book value to recoverable value
and posted the decrease as impairment loss for extraordinary loss.
In addition, the recoverable value has been measured at net sales value and the evaluation is of lessimportance, thus it is based on the value calculated with rationally adjustment of the fixed asset tax
assessed valuation.
The Group has posted the impairment loss for the below assets for FY 2013 as follows.
Location

PurposeType

Impairment loss (MM yen)

Nagoya-city Aichi Pref.

Plant

417

Shimizu-City,Shizuoka Pref.

Plant

727

Izu-City, Shizuoka Pref.

Unutilized asset

Land

11

Toba-City, Mie Pref.

Unutilized asset

Land

8

Takayama-City, Gifu Pref.

Unutilized asset

Land

4

Tsu-City,Mie Pref.

Unutilized asset

Land

1

For assets for business, the Group uses management accounting unit for the basis of asset groups andapplies the grouping minimum unit to produce independent cash flow. In addition, for assets leased toothers and unutilized assets, the Group has judged signs of impairment loss using an individual property
as grouping minimum unit.
Effective with our decision to terminate certain plant activities, the value of the affected assets were
adjusted from book value to realizable value with defference recorded as impairment losses.
Regarding the unutilized assets, they are currently idle and expected to be under suspension of operation.
Moreover the future use are not determined, thus we have decreased the book value to recoverable value
and posted the decrease as impairment loss for extraordinary loss.
In addition, the recoverable value has been measured at net sales value and the evaluation is of lessimportance, thus it is based on the value calculated with rationally adjustment of the fixed asset tax
assessed valuation.

－

22 －

(Consolidated comprehensive profit statement)*Amounts of reclassification adjustment and tax effect for other comprehensive profits
FY2012FY2013

Valuation difference on available-for-sale securities：
257MM yen
△2

Amount incurred FY2013
Reclassificaiton adjustment value

976MM yen

Before tax effect adjustment
Tax effect value

255
△90

976
△343

Valuation difference on availablefor-sale securities

164

633

Deffered gains or losses on headges：
Amount incurred FY2013
Reclassificaiton adjustment value△3

Before tax effect adjustment
Tax effect value△3

Deffered gains or losses on headges△21

Revaluation reserve for land：Tax effect value
Foreign currency translation adjustments：
Amount incurred FY2013
Reclassificaiton adjustment value
Before tax effect adjustment
Tax effect value
Foreign currency translation adjustments
Share of other comprehensive income of associates
accounted for using equity method：△199

Amount incurred FY2013
Reclassificaiton adjustment value
Share of other comprehensive income ofassociates accounted for using equity method
Other comprehensive profit total

164

－

23 －

431

(Consolidated statement of changes in net assets)
FY 2012 (Jan 1st, 2012- Dec. 31st, 2012)
1. Type and total number of issued shares and type and number of treasury shares
stShares as of Jan. 1 , Increase in shares for Decrease in shares for Shares as of Dec.
st2012
FY 2012FY 201231 , 2012

Type of shares
Issued shares

SharesCommon shares
Total

SharesShares

45,003,495－－

45,003,495

45,003,495－－

45,003,495

SharesSharesTreasury shares

SharesCommon shares
Total

SharesShares895,406775

34,735

861,446

895,406775

34,735

861,446

Notes:
1. The increase in the number of treasury shares is due to purchase of broken lot.
2. The decreased in the number of treasury shares is due to disposal due to purchase demand of sharesless than one unit and exercise of stock options.
2. Share options, etc.
Share options as stock options
Closing balance of share options at the end of FY 2012: : 44MM yen
3. Dividends(1) Dividends paid
Total dividends Dividends per share(MM yen)(yen)

Base Date

Effective Date

Dec. 31 , 2011stMar. 29 , 2012th

Sep. 7 , 2012

Resolution

Type of ShareMar. 28, 2012
Annual Shareholders

Common793

18

Common794

18Jun. 30 , 2012th

MeetingthAugust 7 , 2012
BOD Meetingth(2) Of the dividends which base date is in FY 2013, dividends which effective date is in FY 2014.
Resolution

Type of
Share

Dividend
resource

Total dividends Dividends per(MM yen)share (yen)Base Date

18

Dec. 31 , 2012

Effective DatethMar. 28 , 2012
Annual Shareholders Common
Meeting

Retainedearnings

794

st

th

Mar. 29 , 2013

FY 2013 (Jan 1st, 2013- Dec. 31st, 2013)
1. Type and total number of issued shares and type and number of treasury shares
Type of shares

Issues shares
Common shares
Total
Treasury shares
Common shares
Total

Shares as of Jan. 1
2013

st,

Increase in Shares for Decrease in shares
FY 2013
for FY 2013

SharesSharesSharesShares as of Dec.
st
31 , 2013
Shares

45,003,495

76,895,483－

121,898,978

45,003,495

76,895,483－

121,898,978

SharesSharesSharesShares

861,446

36,321

41,273

856,494

861,446

36,321

41,273

856,494－

24 －Notes:1.
The increase in the number of treasure shares is due to stock exchange implemented among Mikuni Coca-Cola
Bottling Co., Ltd. (exchange ratio of 1:0.790), Tokyo Coca-Cola Bottling Co., Ltd. (exchange ratio of 1:69.883),
and Tone Coca-Cola Bottling Co., Ltd. (exchange ratio of 1:6.814) on July 1, 2013 as well as purchase of holderof shares less than one unit.

The decreased in the number of treasury shares is due to disposal due to purchase demand of
shares less than one unit and exercise of stock options.

2.

2.

Share Options, etc.

Share options as stock options
Closing balance of share options at the end of FY2013:19MM yen

３. Dividends(1）Dividends paid
Resolution

Type of ShareTotal dividends Dividends per share(MM yen)(yen)

Base Date

Effective DatestMarch 28, 2013
AnnualShareholders

Common794

18 December 31 , 2012

March 29, 2013

Common794

18

September 6, 2013

Meeting
August 9, 2013
BOD Meeting

June 30, 2013

(2) Of the dividends which base date is in FY2012, dividends which effective date is in FY2013
Resolution
March 28, 2014
AnnualShareholders
MeetingType of
Share

CommonDividend
resource

Retainedearnings

Total dividends Dividends per(MM yen)share (yen)1,694Base Date

14 December 31, 2013

Effective Date

March 31, 2014

(Consolidated cash flow statement)*1.Relation between the closing balance of cash and cash equivalent for FY 2012 and amounts of items
declared in the consolidated balance sheet
FY 2012FY 2013
st
st
st
st(Jan 1 , 2012- Dec. 31 , 2012) (Jan 1 , 2013- Dec. 31 , 2013)
Cash and deposit account
6,017 MM yen
29,901 MM yen
Securities account
16,000―
Fixed-term deposit which deposit term exceeds 3 months△5△111
Cash and cash equivalent
22,012
29,790*2. Assets and liabilities of new consolidated subsidiaries acquired through share exchanges during theconsolidated fiscal year
Breakdown of assets and liabilities of Mikuni Coca-Cola Bottling Co., Ltd. and 16 other companies that became
consolidated subsidiaries due to stock exchange at time of their consolidations as well as the relation between theacquisition cost of the stock and “proceeds from purchase of investments in subsidiaires resulting in change in scope of
consolidation” are presented below.

(Segment information, etc.)
a. Segment Information
The Group has sole segment of beverage business, thus the description is omitted.
b. Related Information
Consolidated FY 2012 (Jan. 1st, 2012-Dec. 31st, 2012)
1. Information by product and service－

25 －The beverage business’s net sales to unaffiliated customers accounts for more than 90% of the total net
sales in the consolidated profit and loss statement, thus the description is omitted.
2. Information by area
(1) Net sales
The net sales to unaffiliated customers in Japan accounts for more than 90% of the net sales in the
consolidated profit and loss statement, thus the description is omitted.
(2) Tangible fixed assets
Not applicable as the Group has no tangible fixed assets located in overseas.
3. Information by major customer
Of the net sales to unaffiliated customers, the Group has no account whose net sales accounts for 10% of
the nets sales in the consolidated profit and loss statement, thus the description is omitted.
Consolidated FY 2013 (Jan. 1st, 2013-Dec. 31st, 2013)
1. Information by product and service
The beverage business’s net sales to unaffiliated customers accounts for more than 90% of the total net
sales in the consolidated profit and loss statement, thus the description is omitted.
2. Information by area
(1) Net sales
The net sales to unaffiliated customers in Japan accounts for more than 90% of the net sales in the
consolidated profit and loss statement, thus the description is omitted.
(2) Tangible fixed assets
Not applicable as the Group has no tangible fixed assets located in overseas.
3. Information by major customer
Of the net sales to unaffiliated customers, the Group has no account whose net sales accounts for 10% of
the nets sales in the consolidated profit and loss statement, thus the description is omitted.
c. Information on impairment loss of fixed assets by reported segment
Consolidated FY 2012 (Jan. 1st, 2012-Dec. 31st, 2012)
Not applicable.
Consolidated FY 2013 (Jan. 1st, 2013-Dec. 31st, 2013)
The Group has sole segment, thus the description of impairment loss of fixed assets byreported segment is omitted.
d. Information on amortized amount and unamortized balance of goodwill by reported segment
Consolidated FY 2013 (Jan. 1st, 2013-Dec. 31st, 2013)
Not applicable.
Consolidated FY 2013 (Jan. 1st, 2012-Dec. 31st, 2013)
Not applicable.
e. Information on profit of negative goodwill by reported segment
Consolidated FY 2012 (Jan. 1st, 2011-Dec. 31st, 2012)
Not applicable.
Consolidated FY 2013 (Jan. 1st, 2012-Dec. 31st, 2013)
Not applicable.

－

26 －

(Per share information)
FY2012FY2013

1,980円36銭

円

銭

Net income per share for the year

36円95銭円

銭Net income per share fully diluted for the year

36円91銭円

銭

Net assets per share

Note: The basis for calculation is as follows.
(1) Net assets per share
FY2012FY2013

Net assets per share
Total amount of the section of net assets (MM yen)

87,461

216,191

44

19(Share options of the above (MM yen))

（44）

（19 ）

Net assets for common shares at year-end

87,417

216,172

44,142,049

121,042,484

Amount deducted from total amount of the section of net
assets (MM yen)

Number of issued common shares at year-end (shares)(2) Net income per share for the year and net income per share fully diluted for the year
FY2012FY2013

Net income per share for the year
Net income for the year (MM yen)

1,630

Amount not attributable to common shareholders

11,582－

Net income for the year attributable to common shares
Average number of common shares (shares)

1,630

11,582

44,134,021

82,912,957

Net income per share fully diluted for the year
Adjustment to net income (MM yen)－

Increase in number of common shares (shares)(share options (shares) of the above)

45,92933,306（45,929）（33,306）

Note: For calculating Net income per share fully diluted for the year and quarterly net income, the Group
has applied “Accounting Standard for Current Net Income per Share (ASBJ Statement No. 2, issued on Jun.
30th, 2010) and “Guidance on Accounting Standard for Current Net Income per Share” (ASBJ GuidanceStatement No. 4, issued on June 30, 2010.) and made the retroactive adjustment from FY 2012.
In cases when the above accounting standard, etc. is not applied, the net income per share fully diluted andquarterly net income for FY 2011 is 29.65 yen.
(Significant subsequent events)
Not applicable.

－

27 －