Member of the Financial Accounting Standards Foundation

Consolidated Financial Summary For
The Third Quarter Ended September 30, 2010 (Japanese Standard)
October 29, 2010
Listed company name: Coca-Cola West Company, Limited
Listed stock exchange listings: Tokyo, Osaka, Fukuoka
Code number: 2579
URL http://www.ccwest.co.jp/english
Delegate: (Title) Representative Director, President(Name) Tamio Yoshimatsu(Name) Makoto Tsunomachi(Phone) +81-92-641-8585
Contact: (Title) Manager of Finance
Scheduled date for filing of quarterly financial report: November 10, 2010
Scheduled dividend payments: FY 2010 3Q supplementary information: Yes
FY 2010 3Q financial presentation: Yes(Fractions of one million yen are round off)

１．Consolidated financial results for 3Q 2010 (from January 1, 2010 to September 30, 2010)（Percentages indicate changes over the same period in the prior fiscal year）（1）Consolidated financial results
Net revenues
3Q 2010
3Q 2009

Operating income

Net income

Ordinary income

Million yen%

Million yen%

Million yen%

281,279
284,221(1.0)
-

9,262
1,569

490.1
-

9,989
1,567

537.4
-

6,202(5,912)%-

Diluted earningsper share

Earnings per shareYen

3Q 2010
3Q 2009

Million yen

Yen

62.04
(59.14)-（2）Consolidated financial position
Total assets

Net assets

Million yen

Net assets (excl.
minority interests) tototal assets

Net assets (excl.
minority interests)
per share％

Yen

Million yen

End of 3Q 2010
330,460
224,469
End of 2009
326,818
222,816(Ref.) Net assets (excl. minority interest) End of 3Q 2010 224,388 million yen

67.9
2,244.45
68.2
2,227.96
End of 2009 222,741 million yen

２．Dividends
Cash dividends per share
End of 2Q
End of 3Q

End of 1Qyen

Yen

End of yearyen

21.00
FY 2009
20.00
FY 2010
FY 2010（Forecast）(Note) Revision of dividend forecast during this quarter: None-YearlyYen

Yen

21.00

42.00

20.00

40.00

３．Forecast of consolidated financial results 2010 (from January 1, 2010 to December 31, 2010)（percentages represent changes from previous year）

Net revenues
Full year 2010

Operating income

million yen％ million yen

376,900

1.9

10,800Recurring income％ million yen

381.5

11,500％ million yen

451.5(Note) Revision of forecast of consolidated financial results during this quarter: Yes
1

Basic net income
per shareNet income

6,800％-Yen

68.01

CCWEST consolidated financial summery for the third quarter ended September 30, 2010

４．Other（1）Changes in significant subsidiaries during the period (changes in specified subsidiaries : None
accompanying changes in scope of consolidation)（2）Adoption of simplified accounting policies and typical accounting procedures for preparation : Yesof the quarterly consolidated financial statements（3）Change in accounting principle, procedures, and presentation for preparation of the quarterly
consolidated financial statements
1) Changes due to amendment of accounting standard: None
2) Changes due to other than the above: None
（4）Number of outstanding shares (common share)
1) Number of outstanding shares at the end of period (including treasury shares):
3Q 2010: 111,125,714 shares
FY 2009: 111,125,714 shares
2) Number of treasury shares at the end of period:
3Q 2010: 11,151,295 shares
FY 2009: 11,150,278 shares
3) Average number of outstanding shares at end of period (six months)
3Q 2010: 99,974,839 shares
3Q 2009: 99,976,738 shares* Explanation regarding appropriate use of the forecast, other special instructions
Figures in the above forecast are based on information available to management at the time of announcement. Due tonumber of inherent uncertainties in the forecast, actual results may differ materially from the forecast.

2Consolidated Results
For The Third-Quarter 2010
Appendix

1 . Situation of Consolidated Profit and Loss…

2 . Profits Change Factor (vs. plan)…

3 . Profits Change Factor (vs. last year)…

4 . Consolidated Balance Sheet and Change Factor…

5 . Investment, Depreciation, Cash Flow (consolidated)…

6 . Projections (consolidated)…

7 . Sales Information…

8 . Number of Vending Machines, Market Share…

9 . Home Market Share…

Coca-Cola West Co., Ltd. (2579)
October 29, 2010

1123
5
6
71010

1. Situation of Consolidated Profit and Loss
(January 1, 2010 to September 30, 2010)(million yen, %)3Q 2010
3Q 2009
actualplan*

actual284,221281,200

281,279790.0(2,942)(1.0)

Operating income

1,569

5,500

9,262

3,762

68.4

7,692490.1

Recurring income

1,567

5,200

9,989

4,789

92.18,422

537.4

Net income (loss)(5,912)

3,000

6,202

3,202

106.8

12,115-vs. planchangeNet revenues

vs. last year

% changechange% change* The above plan is based on performance forecast announced as of February 3, 2010.

2. Profits Change Factor (vs. plan)(January 1, 2010 to September 30, 2010)(million yen)

3Q 2010plan(*)

Main factors for increase/decreasechangeactualNet Revenues

281,200

281,279

79

Cost of goods sold153,800

154,233

433

Gross profit

127,400

127,045(354)

SG&A

121,900

117,783(4,116)

Operating income

5,500

9,262

Non-operating income

1,100

1,631

Non-operating expenses

1,400

903

Recurring income

5,200

9,989

4,789

Extraordinary income

200328128

Extraordinary losses-5353

Income before income taxes,
minority interests and other adjustments

5,400

10,265

4,865

Income taxes

2,390

4,051

1,661

Minority interests
Net income

Increase of sales to other bottlers

33

Impact on decrease of sales volume(387)

Increase in personnel cost805

Decrease of sales promotion & ad expenses(1,508)Decrease of business consignment expenses(827)

Decrease of sales equipment cost(812)

Decrease of sales commission(357)

Decrease of transportation expenses(353)

Decrease of depreciation(280)

Decrease of maintenance cost

(161)

3,762
531 Equity in earnings of affiliates

472(496) Loss on retirement of noncurrent assets

(246)

10100

3,000

6,202

3,202

* The above plan is based on performance forecast announced as of February 3, 2010.

Appendix-1

3. Profits Change Factor (vs. last year)(January 1, 2010 to September 30, 2010)(million yen)

3Q 2009

3Q 2010Main factors for increase/decreasechangeNet Revenues284,221

281,279(2,942)

Cost of goods sold

159,029

154,233(4,795)
Impact on a new consolidated company

Gross profit

SG&A

Operating income

125,192

123,623

127,045

117,783

1,852

313

Impact on decrease of sales volume anddecrease of COGS due to the SCM effect179

Increase of sales commission

417

Decrease in personnel cost

(1,701)

Decrease of depreciation(1,311)(937)

Decrease of transportation expenses(891)

Decrease of sales equipment cost

(511)

Decrease of business consignment expenses(284)

Decrease of maintenance cost

(217)

888 Equity in earnings of affiliates

786

9,262

Non-operating income

742

1,631

Non-operating expenses

744

903

158

1,567

9,989

8,422

165

328

162

Extraordinary income

Increase of sales to other bottlers

Decrease of sales promotion & ad expenses(5,840)1,569

Recurring income

7,692

Impairment loss
Group restructuring expenses
Extraordinary losses

Income (loss) before income taxes,
minority interests and other adjustments

8,502

53

(6,092)(777)(8,449) Expense for provision for sales equipment installation(720)

Loss on retirement of noncurrent assets(417)

Head office relocation expenses(358)(6,769)10,265

17,034

(861)

4,051

4,913

Minority interests

510

5

Net income (loss)(5,912)6,202

12,115

Income taxes

1,360

Appendix-2

4. Consolidated Balance Sheet and Change Factor(million yen)Dec.31
2009

Sep.302010

136,164

145,871

9,706

20,63473,15752,523 Negotiable deposit redemption

21,63026,274

4,644

51,335

5,536(45,798) Negotiable deposit redemption

22,861

21,091(1,770)087

87

Current assets
Cash and deposits
Trade notes andaccounts receivable
Marketable securities
Merchandise andfinished goods
Work in processchangeMain factors for increase/decrease

Raw materials and supplies

2,055

1,769(286)Other

17,77918,095316(131)

(141)

(10)

190,653

184,589(6,064)

137,622

133,812(3,810)34,90734,369(538)

19,01019,376365 Investment of lines in the Akashi plant

Allowance for
doubtful accounts
Fixed assets
Property, plant andequipment
Buildings and structures, net
Machinery, equipment,
vehicles, net
Sales equipment, net

23,90522,648(1,257)

Land

53,00652,625(380)Lease assets, net

4,605

3,301(1,303)

385

5(380)

Other, net

1,801

1,486(314)Intangible assets

6,457

5,568(889)Goodwill

2,112

1,424(688) Assignment of WEX business in Tokyo

Software, etc
Investments andother assets

4,344

4,143(201)46,57345,208(1,365)

Investment securities

27,65827,226(432)

Advanced payments
for retirement expenses

11,606

10,884(722)

Other

7,753

7,472(280)

(445)

(375)

70

326,818

330,460

3,641

Construction in progress

Allowance for
doubtful accounts
Total assets

Total assets
Totalassets

330,460
326,818

Current
assets145,871
136,164

Property,plant andequipment

133,812
137,622

Intangible
assets

5,568
6,457

Investments
and otherassets(million yen)

Sep.302010
Dec.31
2009

45,20846,573050,000100,000

150,000

200,000

Appendix-3

250,000

300,000

350,000

400,000(million yen)Dec.312009
Current liabilities

Sep.302010

changeMain factors for increase/decrease

41,10542,7141,609

Trade notes andaccounts payable

17,30916,322(987)

Lease obligations

2,645

1,979

(666)

Accrued income taxes

783

1,279

495

Other accounts payable

13,925

13,861

(64)

Other

6,440

9,272

2,831

Long-term liabilities

62,897

63,275378

Bonds payable

50,00050,000-

Lease obligations

2,050

1,401(648)

Allowance for employee'retirement benefits

5,512

5,494

(17)

Liabilities for directors'
and corporate auidtors'
retirement benefits

168(7)

Negative goodwill

622

311(311)

4,694

6,059

1,364

Total liabilities

104,002

105,990

1,988

Shareholders' equity

222,718

224,8212,102

Common stock

15,231

15,231-

Capital surplus

109,072

109,072(0)Retained earnings

124,174

126,277

2,103

Treasury stock(25,759)(25,760)(1)23(433)(456)

23(433)

(456)

Other

Valuation and translation
adjustments
Net unrealized gains (loss) onother marketable secrities

Minority interests

74

81

6

Net assets

222,816

224,469

1,653

Total liabilities andnet assets

326,818

330,460

3,641

Total liabilities and net assets

330,460
326,818

Total liabilities
and net assets

105,990104,002

Total
liabilities

Sep.302010

42,714
41,105Current
liabilities

Dec.31
2009

63,27562,897Long-term
liabilities

224,469
222,816

Net assets(million yen)

050,000

100,000

150,000

200,000

Appendix-4

250,000

300,000

350,000

400,000

5. Investment, Depreciation, Cash Flow (consolidated)(January 1, 2010 to September 30, 2010)(1) Investment, Depreciation(million yen)

3Q 2009Land

3Q 2010
13

4,350

1,482

Machinery & Equipment

6,237

3,935

Sales equipment

7,877

6,224

Other

2,956

1,809

Total

22,33813,465

Depreciation

16,233

16,596

Investment

918

Buildings(2) Cash Flow(million yen)

3Q 2009
Cash flow fromoperating activities
Cash flow frominvesting activities
Cash flow fromfinancing activities
Cash and cash equivalents
at end of 3Q

3Q 2010

17,211

23,333(17,548)(11,250)(2,424)(5,264)

19,86278,039Appendix-5

6. Projections (consolidated)(January 1, 2010 to December 31, 2010)(1)Earnings(million yen, %)2009
actual (1)Net revenues
Operating income
Recurring income
Net income (loss)

369,698
2,242
2,085(7,594)2010 plan
last time this time (2)*369,300
376,900
7,000
10,8006,600
11,5003,600
6,800

change
7,600
3,800
4,900
3,200

* There are changes from earning projections which released on February 3, 2010.

(2)Investment, Depreciation(million yen)2009
actualInvestment

Land
Buildings
Machinery & Equipment
Sales equipment
Other
Total
Depreciation

918
5,500
6,829
8,760
3,194
25,201
21,900Appendix-6

2010
plan
14
2,689
6,567
7,771
3,514
20,555
21,825% change
2.1
54.3
74.2
88.9

change (3)(2) - (1)% change(3) / (1)

7,201
8,557
9,414
14,394

1.9
381.5
451.5
-7. Sales Information(January 1, 2010 to September 30, 2010)＜Sales Volume by brand＞(thousand cases, %)3Q 2009
Coca-Cola

3Q 2010

10,036% change

10,699+6.6

BIG 6+2

Coca-Cola Zero

4,333

4,848+11.9

Fanta

7,321

6,903(5.7)

Georgia

30,06427,785(7.6)

Sokenbicha

10,516

9,683(7.9)

Aquarius

14,97917,716+18.3

I LOHAS / MINAQUA / Morinomizudayori

8,012

9,342+16.6

1,489

3,543+137.9

Other

Ayataka

51,50247,486

(7.8)

Total

138,251

138,005(0.2)* Changing quantity equivalent in some products, we adjust sales volume as far as 2009.

＜Composition of brand＞
100%

80%60%40%

34.4%

Other

1.1%

2.6%

Ayataka

5.8%

6.8%

I LOHAS /MINAQUA/Morinomizudayori

10.8%

12.8%

Aquarius

7.0%

Sokenbicha

21.7%

20.1%

Georgia

5.3%

5.0%

Fanta

3.1%

3.5%

7.3%

7.8%

3Q 2009

3Q 2010

37.3%

7.6%

20%

0%

Appendix-7

Coca-Cola Zero
Coca-Cola

＜Sales volume by channel＞(thousand cases, %)3Q 2009% change

3Q 2010

Vending*1

46,204

44,480(3.7)

Supermarket*238,01639,025+2.7

CVS

*3

14,161

14,780+4.4

Retail*4

10,367

9,912(4.4)

Food service*513,573

13,923

+2.6

Other

15,931

15,886(0.3)

Total

138,251

138,005(0.2)* Changing quantity equivalent in some products, we adjust sales volume as far as 2009.
*1 Vending : Retail sales business to distribute products through vending machine to consumers*2 Supermarket : Wholesale business for supermarket, drug store, discount store, home center chains*3 CVS : Wholesale business for convenience store chains*4 Retail : Wholesale business for grocery stores, liquor shops and other over-the-counter outlets*5 Food service : Syrup sale business for fast food restaurants, movie theaters, sports arena,'family restaurants,' and theme parks＜Composition of channel＞
100%
11.5%

11.5%

Other

9.8%

10.1%

Food service

7.5%

7.2%

Retail

10.2%

10.7%

CVS

27.5%

28.3%

Supermarket

33.4%

32.2%

3Q 2009

3Q 2010

80%

60%

40%

20%

0%

Appendix-8

Vending＜Sales volume by package＞(thousand cases, %)3Q 2009
BottlePET

3Q 2010% change

1,512

1,554+2.8

Small-sized (less than 1001ml)

30,23932,294+6.8

Large-sized (more than 1,001ml)

26,79228,013+4.6Subtotal

57,03160,307+5.7

Can44,723

41,225(7.8)

Other

4,638

5,778

+24.6

Syrup, powder

30,347

29,140(4.0)

Total

138,251

138,005(0.2)* Changing quantity equivalent in some products, we adjust sales volume as far as 2009.

＜Composition of package＞
100%

25.3%

Other

29.9%

Can

20.3%

Large PET

21.9%

23.4%

Small PET

1.1%

1.1%

Bottle3Q 2009

3Q 2010

25.3%
80%

60%

32.3%

40%
19.4%

20%

0%

Appendix-9

8. Number of Vending Machines, Market Share(1) Number of vending machines(Units)End of2009

End of
3Q 2010changeCan vending machine

234,032

233,151(881)

Cup vending machine

18,02917,586(443)

Total

252,061

250,737(1,324)* The above units are the number of vending machines Coca-Cola West Co., Ltd. holds.

(2) Market share
(%)

2009
Out market share

2010
33.6

33.7

(Source : Survey of vending machines (covering May to June), conducted by Intage Inc.)

9. Home Market Share
(January 1, 2010 to September 30, 2010)(%)
3Q 2009

3Q 2010

Total

22.3

22.1

Supermarkets

23.0

22.9

CVS

19.0

20.0

Retail stores

25.8

23.5

Drug stores23.221.2(Source : Store Audit conducted by Intage Inc.)

Appendix-10