Member of the Financial Accounting Standards Foundation

Consolidated Financial Summary forFiscal Year Ended December 31, 2008
February 6, 2009
Company name: Coca-Cola West Company, Limited
Stock exchange listings: Tokyo, Osaka andCode number: 2579
Fukuoka(URL http://www.ccwest.co.jp/english/)
Headquarters located in Fukuoka Prefecture
Representative: Norio Sueyoshi, Representative Director, President & CEO
Contact: Kiyotaka Yamada, Corporate Officer, Manager of FinancePhone: +81-(0)92-641-9199
Expected date of general shareholders meeting: March 24, 2009
Expected date of dividends payment: March 25, 2009
Expected date of submission of annual securities report: March 25, 2009
1. Consolidated Financial Data for the Fiscal Year Ended December 31, 2008
(1)
Operating results(rounded down to the nearest million yen)
(Percentage compares current results with those of the previous year )Net income
Net revenues
Operating income
Recurring income
Year ended％

million yen％

million yen

395,556 -3.4
409,521 -24.9

Dec. 31, 2008
Dec. 31, 2007

Basic net income
per share

Diluted net income
per shareyenyen％

million yen％

11,048 -36.8
17,493 -32.3

1299,375-98.6-23.8

million yen

10,521 -34.5
16,056 -30.3
ROE％

Dec. 31, 2008
1.25
0.1
－Dec. 31, 2007
88.29
3.7
－Notes :Equity income (loss) of unconsolidated subsidiaries and affiliates
Fiscal Year 2008: -215 million yen
Fiscal Year 2007: 602 million yen(2)

Recurring income
margin

ROA％

％

3.7
5.6

2.7
3.9

Financial condition
Total assets
As ofShareholders’ equity

Shareholders’ equity
ratio

Shareholders’ equity
per sharemillion yen

million yen%yen

Dec. 31, 2008
277,696Dec. 31, 2007
315,672
Note: Equity
Fiscal Year 2008: 234,450 million yen

234,521254,02584.4
80.5

2,345.03
2,391.83(3)

Fiscal Year 2007: 253,960 million yen

Cash flows
Net cash from (used in)Investing activities

Operating activities
Year ended

Cash and cash
equivalents at end of
periodFinancing activities

million yen

Million yen

million yen

million yen

16,18033,0002,153-23,306-31,486
3,586

22,41235,564

Dec. 31, 2008
Dec. 31, 2007
2. Dividends

Year-end

AnnualTotal dividend
payments（annual）

yenyenmillion yen

Dividends per share（Record date）

1Q

2Q

yen

Dec. 31, 2007
Dec. 31, 2008
Dec. 31, 2009
（forecast）

3Q

yenyen

-

21.00
21.00

-

22.00
22.00

43.00
43.00

-

21.00

-

22.00

43.00

4,565
4,358

Dividend
Payout ratio

Ratio of dividends
to net assets(consolidated)(consolidated)％

48.7
3,440.0

％

1.8
1.8

74.1

3. Earning Projections for the Fiscal Year Ending December 31, 2009
（percentages indicate changes over the same period in the prior fiscal year）

Net revenues
6 months
Full year

Operating income

million yen％ million yen

193,600
416,4002.75.3

1,900
13,000Recurring income％ million yen

-39.5
23.6

％ million yen

2,200 △41.7
13,70024.0-1-

Basic net income
per share

Net income％

100 △76.9
5,800-yen

1.00
58.01

4. Others(1) Changes in significant subsidiaries during the fiscal year (resulting in a change in scope of consolidation) : No
(2) Changes in accounting principles, procedures or presentation related to the preparation of consolidated financialstatements (i.e., changes in the basis of significant accounting policies)
1) Changes due to adoption of new accounting standards : No
2) Changes other than those included in 1) above : No
(3) Number of shares issued
1) Number of shares issued at the end of the period (including treasury stock):
Fiscal Year 2008: 111,125,714 sharesFiscal Year 2007: 111,125,714 shares
2) Number of treasury stock at the end of the period:
Fiscal Year 2008: 11,148,196 sharesFiscal Year 2007: 4,947,870 shares* The projection are based upon information available on the announcement date of this report. Actual results may
differ substantially from the projection due to a variety of factors that may occur in the rest of the year.

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