Consolidated Financial Summary Reportfor Fiscal Year Ended December 31, 2003
February 6, 2004
Company name:

Stock exchange listings:
Tokyo, Osaka and Fukuoka

Coca-Cola West Japan Company, Limited

Headquarters located inFukuoka Prefecture

Code number:2579(URL http://www.ccwj.co.jp/)
Representative Director, President & CEO
Representative:
Name:
Manager in charge
Name:
Approved at board meeting held on
US GAAP:
Inquiries:

Norio Sueyoshi
Finance Manager
Tadanori Taguchi
February 6, 2004
Not applied hereto

Phone: +81-92-641-8581

1. Consolidated financial data for the fiscal year 2002 ended December 31, 2003
(rounded down to the nearest million yen)
Recurring profit
million yen%%
19,89517.6
17.0
17,0050.4
6.1(1) Operating results
Net sales
million yen
240,825
247,737

Fiscal year ended
Dec 31, 2003
Dec 31, 2002

%
(2.8)
9.6

Basic earnings
per share

Net income
Fiscal year ended
Dec 31, 2003
Dec 31, 2002
Notes:

Operating income
million yen
19,63816,704

million yen
9,380

%
32.4

yen
116.25

7,086

399.0

85.49

Diluted earnings pershare

Recurring Recurring
profit toprofit
total assets margin%%%
5.7
9.7
8.3

Return onequityyen

84.69

4.4

8.4

6.9

1. Equity in earnings (loss) of investees:
59 million yen for fiscal 2003:(2) million yen for fiscal 2002
2. Average number of shares outstanding on a consolidation basis:
80,432,301 for fiscal 2003:
82,416,061 for fiscal 2002
none
3. Changes in accounting principles:
4. Percentage represents year-on-year change in respect of net sales, operating income, recurring profit and net income.

(2) Financial conditions
Total assets
Fiscal year ended
Dec 31, 2003
Dec 31, 2002
Notes:

million yen
204,180
204,070

Shareholders' equity
ratio
million yen
%
81.0
80.7

Total shareholders' equity
165,454
164,658

Shareholders' equity
per shareyen
2,089.94
2,009.39

Number of shares outstanding on a consolidation basis as at the end of the period:
79,152,664 as of Dec 31, 2003

81,923,821 as of Dec 31, 2002

(3) Cash flows
Net cash fromoperating activities

investing activities

financing activities

Fiscal year ended
Dec 31, 2003

million yen
18,423

million yen(20,852)

million yen(11,107)

Dec 31, 2002

20,885(17,615)(5,566)

Cash and cash
equivalents at end of
fiscal year
million yen
21,86935,406(4) Scope of consolidation and application of the equity method
11 consolidated subsidiaries; no unconsolidated subsidiary accounted for by the equity method;
1 affiliate accounted for by the equity method(5) Changes in the scope of consolidation and application of the equity method
No subsidiary additionally included in nor excluded from consolidation;
No affiliate additionally accounted for by the equity method; 1 excluded

2. Earnings projections for the fiscal year ending December 31, 2004

First 6 months
Full yearNet sales
million yen
118,900
254,000

Recurring profit

Net income

million yen
7,900

4,400

million yen

18,00010,400(N.B.) Projected net income per share for the year ending December 31, 2004: 131.39 yen
Operating income: 7,900 million yen for the first six months; 17,700 million yen for the full year

*Projections are based upon information available on the announcement date of this report, and actual results may differ
significantly from the projection, for a wide range of possible reasons. See page 7 of the accompanying material for further detailsof this projection.
*These materials comprise the Company's brief settlement of accounts and other financial reports translated from Japanese into
English for the convenience of readers outside Japan.