This flash report is unaudited and has been translated from the Japanese original. In the event of any discrepancy between
this translated document and the Japanese original, the original shall prevail.

Consolidated Financial Summary for
the Third Quarter Ended September 30, 2023 (IFRS)
November 9, 2023
Listed company name: Coca-Cola Bottlers Japan Holdings Inc.
Listed stock exchanges: Tokyo
Code number: 2579
URL: https://en.ccbj-holdings.com/
Delegate: Title: Representative Director & President
Name: Calin Dragan
Contact: Title: Head of Controllers Senior Group Division, FinanceName: Tatsuhiro Ishikawa Phone: +81-800-919-0509
Expected date of quarterly report submission: November 10, 2023
Schedule for dividends payment: －Preparation of supplementary materials on quarterly financial results: Yes
Holding of quarterly financial results conference: Yes(Fractions of one million yen are rounded to the nearest million)

1. Consolidated financial results for the cumulative third quarter of current fiscal year (from January 1, 2023 to September 30, 2023)(1) Consolidated financial results
Revenue
3rd Quarter, 2023
3rd Quarter, 2022

million yen
663,825
612,321

Business income
%
8.4
3.9

million yen
5,867(11,196)

Earnings per share%－－

million yen
6,121(7,053)%－－

million yen
3,890(5,191)%－－

million yen%
3,862 －
(5,194) －million yen%
5,085 －
(3,147) －Diluted earnings per share

yen
21.53
(28.96)

3rd Quarter, 2023
3rd Quarter, 2022

(Percentages indicate changes over the same period in the prior fiscal year)
Net income attributable Total comprehensive
Operating income
Net income
to owners of the parent
income

yen
21.38
－

※ “Business income” is measure of our recurring business performance. “Business income” deducts cost of sales and selling,
general and administrative expenses from revenue and includes other income and expenses which we believe are recurring in
nature.

(2) Consolidated financial position
Total assets

Total equity

million yen
845,609826,737

Sep. 30, 2023
Dec. 31, 2022

Ratio of equity attributable to parent
owners
%55.9
57.6

Equity attributable to parent owners

million yen
472,656
476,358

million yen
472,485476,216

2. Dividends
Dividends per shareFirst quarter

Second quarter

Third quarter

Fiscal year

Total

yen

yen

yen

yen

yen

FY ended December, 2022

－

25.00

－

25.00

50.00

FY ending December, 2023

－

25.00

－
25.00

50.00

FY ending December 2023
(forecast)

Notes: Revisions to the cash dividends forecasts most recently announced: None

3. Forecast for consolidated financial results 2023 (From January 1, 2023 to December 31, 2023)
Revenue
Full year of
current fiscal year

(Percentages indicate changes over the same period in the prior fiscal year)
Net income attributable toEarnings
Net income
per shareowners of the parent

Business income

Operating income

million yen%

million yen%

million yen%

million yen%

million yen%

yen

869,900

7.7

1,500

－

3,200

－

1,500

－

1,500

－

8.36

Notes: Revisions to the forecasts of consolidated financial results most recently announced: Yes

※Notes(1) Changes in significant subsidiaries during the current period(Changes in specified subsidiaries resulting in changes in scope of consolidation):(2) Changes in accounting policies and changes in accounting estimates:
1) Changes in accounting policies as required by IFRS:
2) Changes other than those in 1) above:3) Changes in accounting estimates:

None

None
None
None

(3) Number of outstanding shares (common shares)
1) The number of outstanding shares (including treasury shares):
3rd Quarter, September 2023:
206,268,593 shares
FY Ended December 2022:

206,268,593 shares

2) The number of treasury shares:
3rd Quarter, September 2023:

26,836,166shares

FY Ended December 2022:

26,928,478 shares

3) The number of average shares outstanding:
3rd Quarter, September 2023:
179,366,863 shares
3rd Quarter, September 2022:

179,342,725 shares

Note: The Company has introduced Executive reward BIP Trust and Stock-granting ESOP Trust during the cumulative
third quarter of current fiscal year, and the Company shares held by these trusts are included in the number of treasury
shares at the end of period, as well as the number of treasury shares to be deducted from the average number of shares
during the period.
※ The consolidated financial summary is not subject to quarterly review procedures conducted by certified public accountant or audit

firm.
※ Explanation regarding appropriate use of the forecast, other special instructions

Figures in the above forecast are based on information available at the time of issuance of this report, and the actual results may bechanged materially due to a number of inherent uncertainties in the forecast. Furthermore, please refer to “1. Qualitative Informationon the Financial Summary for this Quarter (3) Information on the Future Outlook, such as Forecast of Consolidated Financial Results”
on page 4 for matters relating to performance forecasts.

Table of Contents
1. Qualitative Information on the Financial Summary for this Quarter ..................................................................................................... 2(1) Qualitative Information on Consolidated Financial Results ..................................................................................................... 2(2) Qualitative Information on Consolidated Financial Position .................................................................................................... 4(3) Qualitative Information on the Future Outlook, such as Forecast of Consolidated Financial Results ...................................... 4
2. Condensed Quarterly Consolidated Financial Statements and Notes .................................................................................................... 5(1) Condensed Quarterly Consolidated Statement of Financial Position ....................................................................................... 5(2) Condensed Quarterly Consolidated Statements of Income and Comprehensive Income ......................................................... 7(3) Condensed Quarterly Consolidated Statements of Changes in Equity ...................................................................................... 9(4) Notes to Condensed Consolidated Financial Statements ........................................................................................................ 10(Notes Relating to Going Concern Assumption) .................................................................................................................. 10(Segment Information) ......................................................................................................................................................... 10(Subsequent events) ............................................................................................................................................................. 10

1

1. Qualitative Information on the Financial Summary for this Quarter(1) Qualitative Information on Consolidated Financial Results
Coca-Cola Bottlers Japan Holdings Inc. (“CCBJH,” the “Company,” or “we”) announced the cumulative third quarter results
for the fiscal year ending December 31, 2023 (January 1, 2023, to September 30, 2023).
In the cumulative third quarter (January 1, 2023 to September 30, 2023), the total domestic nonalcoholic ready-to-drink(NARTD) beverage industry volume is estimated to have grown by about 1% versus the same period of the previous fiscal year.
Although demand continued to increase on the back of a recovery in traffic, resumption of economic activity and the heat wave,
the price revisions implemented by beverage companies had an negative impact on demand. The business environment remained
uncertain as the rising commodity, utility prices and yen's depreciation impacted business and consumer behavior.
Under these circumstances, we have positioned 2023 as the “Year of profit focus”, and we have given top priority to improving
profitability. In commercial activities, we implemented price revisions as one of the most important initiatives for profitability
improvement with a focus on steady implementation and maintaining the shipping prices after the price revisions. Even during
the summer season, when demand is at its peak, we have been thoroughly implementing disciplined commercial activities tomaximize the effects of our efforts. Furthermore, we have been preparing for the price revisions of large PET bottle products andother products from October, including negotiations with our customers. In addition, to capture the increased demand from therecovery in traffic and the heat wave, we have worked to grow revenue by growing sales volume and improving wholesalerevenue per case by introducing new products, implementing efficient and effective marketing activities, and strengthening
customer engagement. In the manufacturing and supply chain fields, while faced with rising commodity, utility prices, and yen's
depreciation, to capture the opportunity of increased demand for sales volume and profit growth, we have been working on thestable operation of the S&OP (Sales and Operations Planning) process, which was revamped in the previous year, andimprovement of the supply network to ensure stable supply of products and reduction of total manufacturing and logistics costs.
We are working to realize ESG targets based on creating shared value with society. We have launched several collaborative
initiatives with our customers and government agencies with respect to the conservation of water resources and enhancement of
PET bottle recycling to reduce the environmental impact through fostering a recycling-based society and to expand business
opportunities through collaboration. In addition, as a contribution to the local community through business activities, we havebeen focusing on the deployment of vending machines that support local activities. Furthermore, during the third quarter of thecurrent fiscal year (July 1, 2023 to September 30, 2023, hereafter "the third quarter"), we received a "Silver" rating in the globally
recognized EcoVadis sustainability survey for the third consecutive year.
Details for the cumulative third quarter earnings are as follows. Please also refer to our earnings presentation material
available on the Company IR website (https://en.ccbj-holdings.com/ir/library/presentation.php) to be used in our earnings
conference call on Friday, November 10, 2023 at 2:30 PM (JST). These will include details of the results and outlook. The
earnings presentation audio webcast will be available live and on demand through our company website.

2

Summary of Business Performance(Millions of yen except sales volume)

The cumulative third quarter (January 1 to September 30)
2022

2023

612,321366
267,317
278,322694
942
57(11,196)
7,438
3,295
(7,053)(5,194)

Revenue
Sales volume (million cases)
Gross profit
Selling, General & Administrative Expenses
Other income (Recurring)
Other expenses (Recurring)
Investment income on equity method
Business income (loss)
Other income (Non-recurring)
Other expenses (Non-recurring)Operating income (loss)
Net income (loss) attributable to owners of parent

663,825379
294,595
287,961
534
1,302
1
5,867
2,177
1,923
6,121
3,862

Change
(%)
8.4
4
10.2
3.5
(23.0)
38.2(98.7)－(70.7)(41.6)－－(Millions of yen except sales volume)(For reference) The third quarter (July 1 to September 30)
2022
236,373142
104,179
97,047
173
276
(4)
7,025
780
426
7,379
4,705

Revenue
Sales volume (million cases)
Gross profit
Selling, General & Administrative Expenses
Other income (Recurring)
Other expenses (Recurring)
Investment income (loss) on equity method
Business income
Other income (Non-recurring)
Other expenses (Non-recurring)Operating income
Net income attributable to owners of parent

2023
259,715
149
117,799
104,748170
591
1
12,630519
499
12,6507,808

Change
(%)
9.9
5
13.1
7.9
(1.9)
114.2
－
79.8
(33.5)
17.1
71.4
65.9

* 1. “Business income(loss)” is measure of our recurring business performance. “Business income(loss)” deduct cost of sales and selling, generaland administrative expenses from revenue, and includes other income and expenses which we believe are recurring in nature.
2. Sales volume in 2022 is revised retroactively due to changes of counting segmentation and scope in some products.

Consolidated revenue was 663,825 million yen (an increase of 51,504 million yen or 8.4% from the same period in theprevious year). Despite the negative impact on volume following the price revisions, sales volume increased by 4% comparedto the same period in the previous year. This was achieved with the introduction of new products, effective marketing activities
to capture the demand opportunity from traffic recovery and the heat wave, while strengthening customer engagement. The
series of price revisions implemented from the previous fiscal year are steadily delivering benefits with wholesale revenue percase improving and contributing to revenue growth.
Consolidated business income improved by 17,063 million yen and was 5,867 million yen (11,196 million yen loss in prioryear period). In addition to profit contributions from top-line growth, from sales volume growth and wholesale revue per caseimprovement, a decrease in marketing expense through the focus on cost-effectiveness and lower logistics costs with the
improvements in the supply chain network contributed. Profitability improvement was achieved while overcoming the impact
of cost increases due to external factors such as higher commodity, utility prices and yen depreciation.
Consolidated operating income improved by 13,174 million yen and was 6,121 million yen (7,053 million yen loss in prioryear period). In addition to business income growing versus the previous year being the primary reason, there was a cycling
impact of gains from sales of property, plant, and equipment that was recorded in the same period of the previous year which
decreased other income (non-recurring). Other income (non-recurring) in the cumulative third quarter includes 2,150 million
yen in gain on sales of property, plant, and equipment, which was realized in the process of balance sheet optimization. Other
expenses (non-recurring) include 1,641 million yen in transformation related expenses to the implementation of fundamental
transformation.

3

Net income attributable to owners of the parent improved by 9,055 million yen with operating income growing from theprevious period, it was 3,862 million yen (5,194 million yen loss in prior year period).
Sales volume trends (% change from same period of previous fiscal year)
Sales volume grew by 4% in the cumulative third quarter. Particularly, for the third quarter, the benefits of our efforts to datehave greatly materialized on the back of traffic recovery and the heat wave during the peak demand season, resulting in a 5%
volume increase and pushed up the cumulative volume. As the benefit from the price revisions, wholesale revenue per caseimproved by more than double digits versus the same period previous year in all channels.
By channel, supermarkets were impacted by the small PET bottle price revisions implemented in October of the previous year
and sales volume declined by 2% for the cumulative third quarter, despite the introduction of new products, activities to expand
the sales space and campaigns to capture demand from the traffic recovery and the heat wave. For the third quarter, marketing
efforts during the peak demand season compensated for the volume decline impact from the price revisions, resulting in volume
being flat from the same period of the previous year. Sales volume at drugstores and discounters increased by 5%, with thevolume of large PET bottle products turning positive versus the same period in the previous year, despite the continued impact
from the price revisions. Vending sales volume remained flat, supported by the market share base we have built to date and by
campaigns implemented through the Coke ON smartphone app contributing to capture the traffic recovery and the heat wave
demand, while the price revision of small PET bottle and can products continued to impact volume. Wholesale revenue per casein vending improved greatly from last year with the price revisions. In CVS, although the competitive environment remained
severe, volume increased by 13% in the third quarter and 4% for cumulative period with the positive effects of activities to growsales space, expanding the adoption of our core products at key customer stores, strengthening customer management, and the
tailwind from the heat wave. In retail & food, sales volume increased by 11% with the traffic returning to restaurants andamusement facilities. In online, volume grew by 11% despite intensifying competitive environment, with contribution from astrengthened product lineup and tie-up promotions implemented together with major online customers.
By beverage category performance, sparkling sales volume grew by 4%, with volume growth centered around Coca-Cola atvending and restaurants with the recovery in traffic, and contributions from product renewals such as Sprite. Sales volume oftea products was flat due to impact from the price revisions for small PET, despite the contributions from Yakan no Mugichafrom Sokenbicha which continues to enjoy sales growth since its launch and from the heat wave driving demand. Coffee sales
volume increased by 2%, supported by the new Georgia THE Black, launched together with the Georgia rebranding, and medium
PET bottle products capturing the at-home demand, despite the volume being impacted from the price revisions. In Sport, sales
volume decreased by 4% due to the price revision impact, despite the contribution from the new product Aquarius NEWATER.
Water sales volume grew by 16% with demand driven by the heat wave and contributions from the I LOHAS Natural Water that
renewed the bottle design in the previous year and I LOHAS Peach.
In the alcohol category, sales volume declined by 15% due to cycling of at-home drinking demand, despite the contributions
from new products such as Jack Daniel's & Coca-Cola and Lemon-dou Sukkiri Lemon.
(2) Qualitative Information on Consolidated Financial Position
Assets at the end of the quarter were 845,609million yen, an increase of 18,872 million yen from the end of the previous fiscal
year. This is mainly due to a decrease in “Property, plant, and equipment” through the progress made in balance sheet
optimization, while an increase in “Trade and other receivables” because of the peak demand season.
Liabilities at the end of the quarter were 372,953 million yen, an increase of 22,575million yen from the end of the previous
fiscal year. This is mainly due to an increase in “Trade and other payables.”Equity at the end of the quarter was 472,656 million yen, a decrease of 3,703 million yen. This mainly reflects a decrease in“Retained earnings” due to dividend payments, while net income for the period was recorded.
(3) Qualitative Information on the Future Outlook, such as Forecast of Consolidated Financial Results
In this cumulative third quarter period, sales volume grew more than expected. This growth was due to successful commercial
activities that captured opportunities for increased demand from the traffic recovery, revitalization of economic activity and theheat wave. These factors resulted in higher than initially expected revenue and profits. In addition, cost saving initiatives haveprogressed ahead of plan. The impact of rising commodity and utility prices are estimated to be suppressed more than initially
expected. As a result, the company has announced an upward revision to the full year forecast previously announced on February
9, 2023. For details, please refer to the “Revision of Full-Year 2023 Earnings Forecast” separately announced today.

42. Condensed Quarterly Consolidated Financial Statements and Notes(1) Condensed Quarterly Consolidated Statement of Financial Position(Millions of yen)Previous fiscal year
As of
December 31, 2022
AssetsCurrent assets:
Cash and cash equivalents
Trade and other receivables
Inventories
Other financial assets
Other current assets
Total current assets
Non-current assets:
Property, plant, and Equipment
Right-of-use assets
Intangible assets
Investments accounted for using the equity
methodOther financial assets
Deferred tax assets
Other non-current assets
Total non-current assets
Total assets

5

The third quarter
As of
September 30,2023

84,074
103,346
71,051
542
13,108272,12282,748136,261
72,816736
10,692
303,253

425,009
21,841
65,865413,911
22,38164,137322

317

15,88820,581
5,110

14,737
21,947
4,924

554,615826,737

542,356
845,609

Millions of yen)Previous fiscal year
As of
December 31, 2022

The third quarter
As of
September 30,2023

Liabilities and equity
Liabilities
Current liabilities:
108,254
1,000
5,122
654
1,272
20,339122,828
40,972
5,080
810
1,958
26,272

Total current liabilities
Non-current liabilities:
Bonds and debts
Lease liabilities
Other non-current financial liabilities
Net defined benefit liabilities
Provisions
Deferred tax liabilities
Other non-current liabilities
Total non-current liabilities

136,641

197,920

155,701
18,146
8
17,817
1,761
17,157
3,147
213,737

114,789
18,994115
19,351
1,753
16,836
3,194
175,033

Total liabilities

350,378

372,953

Equity:Capital stock
Capital surplus
Retained earnings
Treasury shares
Accumulated other comprehensive income

15,232451,264
94,209(85,667)
1,177

15,232451,405
89,874(85,369)
1,343

476,216142
476,358

472,485170
472,656

826,737

845,609

Trade and other payables
Bonds and debts
Lease liabilities
Other financial liabilities
Income taxes payables
Other current liabilities

Equity attributable to owners of parent
Non-controlling interests
Total equity
Total liabilities and equity6(2) Condensed Quarterly Consolidated Statements of Income and Comprehensive Income(Condensed Quarterly Consolidated Statements of Income)(Millions of yen)

Revenue
Cost of sales
Gross profit
Selling and general administrative expenses
Other income
Other expenses
Investment income on equity method
Operating income (loss)
Financial revenue
Financial expenses
Income (Loss) for the period before income taxes
Income tax expense (benefit)
Net income (loss) for the period

The cumulative third
quarter ofprevious fiscal year
(Nine months ended
September 30, 2022)
612,321345,004
267,317
278,322
8,132
4,237
57
(7,053)
179
1,073(7,947)(2,756)(5,191)

The cumulative third
quarter ofcurrent fiscal year
(Nine months ended
September 30, 2023)
663,825
369,229294,595
287,961
2,711
3,225
1
6,121
361
535
5,947
2,057
3,890

(5,194)
3

3,862
28

(28.96)
－

21.53
21.38

Net income (loss) for the period attributable to
Owners of parent
Non-controlling interests
Earnings (Loss) per share (yen)Diluted earnings per share (yen)7

(Condensed Quarterly Consolidated Statements of Comprehensive Income)(Millions of yen)

The cumulative third
quarter ofprevious fiscal year
(Nine months ended
September 30, 2022)(5,191)

The cumulative third
quarter ofcurrent fiscal year
(Nine months ended
September 30, 2023)
3,890

Net changes in financial assets measured at fair value
through other comprehensive income

329

1,155

Subtotal

329

1,155

Items that may be reclassified subsequently to income:Cash flow hedges
Subtotal
Total other comprehensive income for the period
Total comprehensive income for the period

1,715
1,715
2,044
(3,147)

40
40
1,195
5,085

Comprehensive income attributable to:
Owners of parent
Non-controlling interests(3,150)
3

5,057
28

Net income (loss) for the period
Other comprehensive income:Items that will not be reclassified subsequently to income or
loss:

8

(3) Condensed Quarterly Consolidated Statements of Changes in Equity
The consolidated cumulative third quarter of previous fiscal year (Nine months ended September 30, 2022)(Millions of yen)
Equity attributable to owners of the parent

Balance as of January 1, 2022

Capitalshare

CapitalsurplusRetainedearnings

Treasuryshares

Accumulated othercomprehensive
incomeNoncontrollinginterests

15,232450,832

109,273(85,661)2,644

492,320131

492,451－－(5,194)－－(5,194)

3(5,191)

－

－

－

－

2,044

2,044

－

2,044

－

－

(5,194)－

2,044(3,150)3(3,147)－－(8,967)－－(8,967)－(8,967)

－

－

－

(4)

－

(4)

－

(4)

－

(0)

－

0

－

0

－

0

－

371

－

－

－

371

－

371

－

－

(5)

－

5

－

－

－

－

－

－

－

(2,010)(2,010)－(2,010)－371(8,972)(4)(2,005)(10,611)－(10,611)

15,232451,203

95,107(85,665)2,683

478,559134

478,694

Total

Total

Comprehensive income for the period
Net income (loss) for the period
Other comprehensive income
Total comprehensive income for the period
Transactions with owners
Dividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Transactions of share-based payment
Reclassification from accumulated othercomprehensive income to retained earnings
Reclassification from accumulated othercomprehensive loss to non-financial assets
Total transactions with owners
Balance as of September 30, 2022

The consolidated cumulative third quarter of current fiscal year (Nine months ended September 30, 2023)(Millions of yen)
Equity attributable to owners of the parent

Balance as of January 1, 2023

Capitalshare

CapitalsurplusRetainedearnings

Treasuryshares

Accumulated othercomprehensive
incomeNoncontrollinginterests

15,232451,264

94,209(85,667)

1,177

476,216142

476,358

－

－

3,862

－

－

3,862

28

3,890

－

－

－

－

1,195

1,195

－

1,195

－

－

3,862

－

1,195

5,057

28

5,085

－

－

(9,046)－－(9,046)－(9,046)

－

－

－

(4)

－

(4)

－

(4)

－

(140)

－

301

－

161

－

161

－

281

－

－

－

281

－

281

－

－

849

－

(849)

－

－

－

－

－

－

－

(180)

(180)

－

(180)

－

141

(8,197)298(1,029)(8,787)－(8,787)

15,232451,405

89,874(85,369)

1,343

472,485170

472,656

Total

Total

Comprehensive income for the period
Net income for the period
Other comprehensive income
Total comprehensive income for the period
Transactions with owners
Dividends of surplus
Purchase of treasury shares
Disposal of treasury shares
Transactions of share-based payment
Reclassification from accumulated othercomprehensive income to retained earnings
Reclassification from accumulated othercomprehensive income to non-financial assets
Total transactions with owners
Balance as of September 30, 2023

9

(4) Notes to Condensed Consolidated Financial Statements(Notes Relating to Going Concern Assumption)
Not applicable.
(Segment Information)
As the Group operates a single segment of the beverage business, the reportable segment explanation is omitted.
(Subsequent events)
Not applicable.

10