This flash report is unaudited and the translation of the Japanese language version.

Consolidated Financial Summary for
the Third Quarter Ended September 30, 2021 (IFRS)
November 11, 2021
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, Finance, Name: Tatsuhiro Ishikawa Phone: +81-3-6896-1707
Expected date of quarterly report submission: November 12, 2021
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)

1. Consolidated financial results for the third quarter 2021 (from January 1, 2021 to September 30, 2021)(1) Consolidated financial results
Revenue
3rd quarter, 2021
3rd quarter, 2020

million yen
589,531598,547％(1.5)(13.8)

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

Operating income

million yen(14,023)
4,336

million yen(19,978)(8,953)％－(74.6)

million yen％(1,535) －(4,644) －％－－million yen％
2,428 －
(11,446) －Diluted earnings per share
yen
－
－

yen
(8.56)(25.90)

3rd quarter, 2021
3rd quarter, 2020

million yen(1,552)(4,670)％－－*1. “Business Income” is a measure of our recurring business performance that is calculated as costs of goods and selling, general and administrative
expenses are deducted from revenue, and other income and expenses are added and subtracted accordingly.
2. In the fiscal year ending 31 December 2020, the Healthcare and Skincare business has been classified as a discontinued operation as a result of
the decision to sell all shares in Q'sai held by the Company. As a result, revenue, business income and operating loss for the previous financial
period have been reclassified to the amounts for continuing operations excluding discontinued operations.

(2) Consolidated financial position
Total assets

Total equity

million yen
866,711
939,603

Sep. 30, 2021
Dec. 31, 2020

Equity attributable to parent owners

million yen
494,638
502,093

million yen
494,503
501,643

Ratio of equity attributable toparent owners
％
57.1
53.4

2. Dividends
Dividends per share
1Q

2Q

3Q

Year-end

Annual

yen

yen

yen

yen

yen

FY ended December 2020

－

0.00

－

25.00

25.00

FY ending December 2021

－

25.00

－
25.00

50.00

FY ending December 2021
(forecast)
Note: Revisions to the cash dividends forecasts most recently announced: None

3. Forecast for consolidated financial results 2021 (from January 1, 2021 to December 31, 2021)
Revenue

Full-year 2021

Business income

million yen％

million yen％

782,600(1.2)(15,900)－(Percentages indicate changes over the same period in the prior fiscal year)
Net income (loss) for the
Earnings per
Operating income
Net income
year attributable to owners
shareof the parent
million yen
million yen
million yen
yen
％
％
％
(24,200)－

Note: Revisions to the forecasts of consolidated operating results most recently announced: Yes(4,600)－(4,600)－(25.65)

Notes(1) Changes in significant subsidiaries during the current period:(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 2021:
206,268,593 shares
FY ended December 2020:

206,268,593 shares

2) The number of treasury shares:
3rd Quarter, September 2021:

26,923,688 shares

FY ended December 2020:

26,920,298 shares

3) The number of average shares outstanding:
3rd Quarter, September 2021:
179,346,486 shares
3rd Quarter, September 2020:

179,350,270 shares※ 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 due to a number of inherent uncertainties in the forecast. Actual results may differ materially from the forecast.
Furthermore, please refer to “1. Qualitative Information on the Financial Summary for this Quarter (3) Information on the Future
Outlook, such as Forecast of Consolidated Financial Results” on page 5 for matters relating to performance forecasts.

Table of Contents
1. Qualitative Financial Summary for year-to-date third quarter 2021 ...................................................................................................... 2(1) Qualitative Information on year-to-date third quarter Consolidated Financial Results .................................................................... 2(2) Analysis of Financial Position.......................................................................................................................................................... 5(3) Qualitative Information on the Future Outlook, such as Forecast of Consolidated Financial Results ............................................. 5
2. Condensed Quarterly Consolidated Financial Statements and Notes .................................................................................................... 6(1) Condensed Quarterly Consolidated Statement of Financial Position ............................................................................................... 6(2) Condensed Quarterly Consolidated Statements of Income and Comprehensive Income ................................................................. 8(3) Condensed Quarterly Consolidated Statements of Changes in Equity ........................................................................................... 10(4) Notes to Condensed Consolidated Financial Statements ............................................................................................................... 12(Notes Relating to Going Concern Assumption) ............................................................................................................................. 12(Changes in Accounting Policies).................................................................................................................................................... 12(Segment Information) .................................................................................................................................................................... 121

1. Qualitative Financial Summary for year-to-date third quarter 2021
(1) Qualitative Information on year-to-date third quarter Consolidated Financial Results
Coca-Cola Bottlers Japan Holdings Inc. (“CCBJH” or the “Company”, or “we”) announced third-quarter results for the fiscal
year ending on December 31, 2021 (January 1, 2021 to September 30, 2021)
As the effect of the coronavirus (COVID-19) continues and the business environment remains to be challenging, the continuing
supply of our goods and services which are essential for our customers and consumers, and the safety and health of our employees
and communities are our top priorities. In accordance with our mission to deliver happy moments to everyone, we have been
operating our business to ensure safe and secure product supply while taking comprehensive measures.
In the year-to-date third quarter period (January 1, 2021 to September 30, 2021), despite last year's COVID-19 impact andrebound from the initial impact, the multiple state of emergency declaration and heavy rain fall in August this year, the total domestic
nonalcoholic ready-to-drink (NARTD) beverage industry volume performed at similar levels to the same period of the previous
fiscal year.
Under these circumstances, we have been working on measures to minimize the impact on sales by introducing new products
and responding to changing consumer and channel trends. Under the guiding principle that “business as usual is not an option”,
announced as part of our mid-term strategic business plan in August 2019, we continue to drive fundamental business
transformation initiatives. We have been pushing forward our transformation efforts in the further evolution of the vending channel
operation model, the relocation of product inventories, and the consolidation of distribution bases centered around the Saitama
Mega DC to optimize the distribution network in the Kanto area, the streamlining of the supply chain system to realize low-cost
operations, and the promotion of new work styles. While the business environment continues to be challenging, we are focused on
identifying the issues and implementing short-term mitigation plans, as well as seeking new opportunities for growth and efficiency
as we work to respond to changes in the business environment over the medium and long term.
We also continue our activities to realize our ESG goals based on creation of shared value with society. As part of our efforts toachieve the 2030 Packaging Vision, towards a “World Without Waste”, we continue to increase the use of 100% recycled PET
bottles. In October, the Coca-Cola system in Japan has formulated targets to reduce greenhouse gas emissions across the entire
value chain in Japan by 2030. The system aims to reduce Scope 1 and 2 emissions by 50% and Scope 3 emissions by 30% against
the level in 2015.
As announced on December 15, 2020, “Notice of Selling of Shares of Q'sai Co., Ltd. and Gain on The Sale of Shares as well as
Revision of Earnings Forecast”, the share transfer of Q'sai Co., Ltd. ("Q'sai") was completed on February 1, 2021. We have revised
our business segment reporting to reflect only the results of continuing operations, the beverage business, after the sale of the healthand skincare segment. Relevant sections of prior year financial statements and notes have been reclassified.
Details for the year-to-date third-quarter period are as follows.
In addition to the business update in this document, please also see our earnings presentation material posted on the Company
IR website (https://en.ccbjholdings.com/ir/library/presentation.php) to be used in our earnings conference call on Friday, November
12 at 13:30 PM (JST). The earnings presentation and audio will be available live and on demand as an audio webcast in the IR
section of the CCBJH website.

Highlights for the year-to-date third quarter・ Continued COVID-19 impact and repeated emergency declarations resulted in a slow consumer traffic recovery. Recordbreaking rainfall in August significantly impacted the peak summer month.
・ Sales volume increased by +2% YoY in Q3 and +2% year-to-date Q3. New products contributed to the volume growth but
was not able to offset the negative business environment impact. Year-to-date Q3 revenue declined -2% YoY due to changing
consumer preference on channel and package mix, and a decrease in wholesale revenue per case. Value share continued to
grow in the vending channel, and Supermarkets, drugstores and discounters channel market share started to recover・ Business income for year-to-date Q3 decreased by -18.4B yen YoY. In addition to the prolonged COVID-19 impact,
performance was impacted by heavy rains in August, a peak summer month, and the cycling of one-time cost savings in thesame period last year. Despite challenges, we continue to invest in our marketing and human resources at appropriate levels
to achieve sustainable future growth.
・ In a challenging operating environment, we are focused on what we can control, and implement short-term and mid-to-longterm plans. Transformation is progressing on track; about 8B yen of recurring cost savings achieved to date.
・ FY2021 guidance was announced. For the full year, 2% volume growth YoY, revenue of 789.6B yen (1.2%,9.4B yen decrease),business income loss of 15.9B yen (16.1B yen decrease). Q4 reflects a subsiding of the COVID-19 impact. However, expect2

the impact from competitive environment, cycling of the cost savings achieved last year, and the recent surge in raw material
prices.

Summary of Consolidated Financial Results(Millions of yen)

Year-to-date Q3 (January to September)
2020

2021

ChangeContinuing Operation
598,547

589,531

(1.5％)

343

351

2%

Gross Profit

275,493

260,823(5.3％)

Selling, General & Administrative Expenses

269,971

273,868

1.4％

Other income (Recurring)

563

650

15.5％

Other expenses (Recurring)

1,438

1,507

4.8％

Investment loss on equity method

(310)

(121)

－

Business Income (Loss)

4,336(14,023)－

Other income (Non-recurring)

1,782

5,584

213.3％

Other expenses (Non-recurring)

15,072

11,539(23.4％)

Operating Loss

(8,953)(19,978)－(4,644)(1,535)－

Revenue
Sales volume of beverage business (million cases)

Net Loss Attributable to Owners of Parent(Millions of yen)

Q3 (July to September)Continuing Operation

2020

2021

Change223,949

220,222(1.7％)

131

134

2%

Gross Profit

105,949

97,554(7.9％)

Selling, General & Administrative Expenses

93,95596,574

2.8％

Other income (Recurring)

190

235

23.7％

Other expenses (Recurring)

399

452

13.1％

Investment income (loss) on equity method

(80)

12

－

Business Income

11,704776(93.4％)

Other income (Non-recurring)

1,782

982

(44.9％)

Other expenses (Non-recurring)

7,503

3,486

(53.5％)

Operating Income (Loss)

5,983(1,728)－Net Income (Loss) Attributable to Owners of Parent

1,807(1,181)－

Revenue
Sales volume of beverage business (million cases)

Note: 1. “Business Loss” is a measure of our underlying or recurring business performance. Business Income (loss) deducts cost of goods and selling, generaland administrative expenses from revenue, and includes other income and expenses which we believe are recurring in nature.
2. Net Loss Attributable to Owners of Parent is a total of continuing operation and discontinued operation results.
3. Sales volume in 2020 is revised retroactively due to changes of counting segmentation and scope in some products.

Consolidated net revenue decreased to 589,531 million yen (1.5% decrease of 9,016 million yen from the same period prioryear) due to a slower than expected sales volume of 2% YoY due to continued COVID-19 impact and the multiple state of
emergency delaying the recovery of traffic, and a decrease in demand in the peak month of August affected by unseasonably
wet weather. This is despite favorable contributions from new products and our responses to changes and trends in channels, the3

business environment has seen an increase of at-home consumption with people refraining from going out or working fromhome resulting in consumer preference changes impacting channel and mix, and a decrease in revenue per case.
Consolidated business loss was 14,023 million yen (4,336 million yen profit in the same period of prior year). To minimize
the impact of the decrease in revenue on profits, cost saving efforts were made in all areas, including recurring cost savings
through transformation. Negative factors include channel and package mix headwinds from consumer preference changes,
decline in revenue per case, rise in commodity prices, and the increase in logistics costs. We have made investments at
appropriate levels in marketing and human resources that will contribute to our future growth
Consolidated operating loss was 19,978 million yen (8,953 million yen loss in the same period of prior year). Other income(non-recurring) includes 4,634 million yen in government subsidies for employment adjustment to offset temporary leave
expenses. Other expenses (non-recurring) include 6,901 million yen in temporary leave expenses and 1,445 million yen intransformation-related expenses related to the implementation of transformation based on the medium-term plan, and 1,572
million yen in special retirement allowances due to the voluntary employee retirement program.
Net income attributable to owners of parent for the quarter, a total of continuing operations and discontinued operation, wasa loss of 1,535 million yen (4,644 million yen loss in the prior year period) as a gain of 12,841 million yen was recorded indiscontinued operations as gains from stock sales due to the transfer of shares in Q’sai.
Beverage Volume PerformanceYear-to-date 3Q 2021 sales volume (hereinafter percentage change represent changes from the same period of the previous
year.), although there were contributions from the introduction of new products and responses to changing trends in each channel,
the increase was 2% compared to the same period of the previous year due to the delay in the recovery of traffic driven byrepeated emergency declarations and was impacted by heavy rains in August, a peak summer month.
In terms of channel performance, Vending sales increased by 1% year-to-date Q3 due to delayed recovery of people traffic
and unfavorable weather in August. Although the market environment continues to be challenging, the value share of Vending
continued to grow for 30 consecutive months, mainly due new products in non-sugar teas and water. Consumer traffic started torecover driving a volume-increase of 11% in July. Supermarkets, drugstores and discounters increased 6% and 8% respectively
in the year-to-date Q3. This is partially due to capturing demand for at home consumption and bulk purchases, as well as
responding to changes in customers' purchasing patterns, and promotional activities. In the CVS channel despite contributions
from new products and strategically rolled out 950ml PET, volume recovery has been delayed due to increased competition inpromotions, resulting in a 1% decrease for year-to-date Q3. In Retail and food, sales for commercial use continued to be negative
due to factors such as shortened restaurant opening hours and decreased by 13% for the year-to-date Q3. Online sales continued
to grow strongly and increased by 56% for year-to-date Q3 supported by the successful rollout of label-less products wellreceived by consumers' changing purchasing behavior and environmental awareness during COVID-19.
In terms of beverage category performance, Sparkling beverages increased 1% in Q3 and was flat for the year-to-date Q3 due
to contributions from the premium-priced Fanta Premier series and other products as well as growth in Supermarkets and otherchannels. New products such as Yakan Barly Tea from Hajime and Ayataka Cafe Matcha Latte respectively contributed to an
8% increase in non-sugar tea sales and 5% increase for the year-to-date Q3. Coffee sales decreased 3% for the year-to-date Q3
due to a decline in sales of canned coffee, despite growth in PET bottle coffee through the introduction of new products such as
Costa Coffee and Georgia Shot & Break. In sports, despite the lifting of some restrictions on events and the improved sentimentwith the Olympic Games, the category grew 1% in Q3 year-to-date, as the Olympics Games were held without any spectatorsand the record-breaking heavy rains during the summer. Water volume increased 24% in Q3 year-to-date, supported by thegrowth of large PET in supermarkets, drugstores, discounters and online channels. This was as a result of increased at-homeconsumption, as well as contributions from new ICY SPARK and Ilohas small PET.
The ready-to-drink alcohol category, with the contribution from new Nomel’s Hard lemonade and Lemon-dou summer
promotions, increased 23% in Q3, and 7% in year-to-date Q3. We are working to further strengthen the category by launching
Topo Chico Hard Seltzer, the first global alcohol brand from The Coca-Cola Company, in select areas.

4(2) Analysis of Financial Position
Assets at the end of the quarter were 866,711 million yen, a decrease of 72,893 million yen from the end of the prior fiscal
year-end period. This is mainly due the sales of the Q’sai shares on February 1, 2021, resulting in a decrease in Assets held forsale and decrease of Cash and cash equivalents with the repayment of short term loans.
Liabilities at the end of the quarter were 372,072 million yen, a decrease of 65,438 million yen from the end of the prior year
period. This is mainly due to decrease of bonds and borrowings with the repayment of short term loans, and the sales of the Q’sai
shares, decreasing the Liabilities directly associated with assets held for sale.
Net Assets at the end of the quarter were 494,638 million yen, a decrease of 7,455 million yen from the end of the prior year
period. This mainly reflects a decrease in Retained earnings as a result of dividend payments.
(3) Qualitative Information on the Future Outlook, such as Forecast of Consolidated Financial Results
As for the full-year 2021 (January 1 to December 31, 2021) earnings forecast, which was undecided in light of the impact of
COVID-19 and other factors, please refer to the "Announcement of Updated Full-Year 2021 Earnings Forecast " announced
today.

5

2. Condensed Quarterly Consolidated Financial Statements and Notes(1) Condensed Quarterly Consolidated Statement of Financial Position(Millions of yen)

As ofDecember 31, 2020
AssetsCurrent assets:
Cash and cash equivalents
Trade and other receivables
Inventories
Other financial assets
Other current assets
Subtotal
Assets of disposal groups classified as held
for sale
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

6

As of
September 30, 2021

114,778
96,00968,180702
17,195

95,53894,59876,5491,161
15,963296,865

283,809

48,138－345,003

283,809460,50229,81066,193445,478
25,88766,007287

323

25,6404,986
7,183

24,45011,696
9,061

594,601
939,603582,901
866,711(Millions of yen)

As ofDecember 31, 2020

As of
September 30, 2021

Liabilities and equity
Liabilities
Current liabilities:
102,480
51,072
5,547
408
3,238
9
15,923

101,879
30,986
5,403
23
648
16
15,481

Subtotal
Liabilities directly associated with assets held
for sale
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

178,676

154,437

7,193－

185,869

154,437

187,51425,858605
14,876
2,119
17,296
3,375
251,641

156,602
21,940－16,5662,131
17,407
2,989
217,635

Total liabilities

437,510372,072

15,232450,605
120,473(85,654)
1,095

15,232450,888
109,880(85,660)
4,163

(107)

－

501,643450
502,093494,503136
494,638

939,603866,711

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

Equity:Capital stock
Capital surplus
Retained earnings
Treasury shares
Accumulated other comprehensive income (loss)
Accumulated other comprehensive income ofdisposal groups classified as held for sale
Equity attributable to owners of parent
Non-controlling interests
Total equity
Total liabilities and equity7(2) Condensed Quarterly Consolidated Statements of Income and Comprehensive Income(Consolidated Quarterly Statements of Income)First Nine months period of a fiscal year
Nine months ended
September 30, 2020
Continuing operations
Revenue
Cost of sales
Gross profit
Selling and general administrative expenses
Other income
Other expenses
Investment loss on equity method
Operating loss
Financial revenue
Finance costs
Loss for the period before income taxes
Income tax expense
Net loss for the period from continuing operations
Discontinued operations
Net income for the period from discontinued operations
Net loss for the period
Net loss for the period attributable to
Owners of parent
Loss from continuing operations attributable to ownersof parent
Profit from discontinued operations attributable toowners of parent
Non-controlling interests
Earnings (loss) per share (yen)Continuing operations
Discontinued operations
Loss per share

8(Millions of yen)
Nine months ended
September 30, 2021

598,547
323,054
275,493269,971
2,345
16,510(310)(8,953)611
815(9,157)(2,718)(6,439)589,531
328,708
260,823
273,868
6,234
13,046(121)(19,978)309
726(20,395)(6,338)(14,057)

1,769(4,670)12,505(1,552)(6,412)(14,040)

1,768

12,505(26)(17)(35.75)9.86(25.90)(78.28)69.72(8.56)

(Condensed Quarterly Consolidated Statements of Comprehensive Income)First Nine months period of a fiscal year
(Millions of yen)

Net loss for the period
Other comprehensive income (loss):
Items that will not be reclassified subsequently to income orloss:
Share of other comprehensive income of investments
accounted for using equity method
Net change in financial assets measured at fair value
through other comprehensive income (loss)

Nine months ended
September 30, 2020
(4,670)Nine months ended
September 30, 2021
(1,552)－(12)(3,364)

1,794

Subtotal
Items that may be reclassified subsequently to income (loss):
Cash flow hedges
Subtotal
Total other comprehensive income (loss) for the period
Total comprehensive income (loss) for the period(3,364)

1,782(3,411)(3,411)(6,775)(11,446)

2,198
2,198
3,980
2,428

Comprehensive Income (loss) attributable to:
Owners of parent
Non-controlling interests(11,420)
(26)

2,445
(17)

9

(3) Condensed Quarterly Consolidated Statements of Changes in Equity
Nine months ended September 30, 2020
(Millions of yen)
Equity attributable to owners of the parent company

Balance as of January 1, 2020
Comprehensive Income (loss) for theperiodNet loss for the period
Other comprehensive loss
Total comprehensive loss for theperiodTreasury
Shares

Accumulated othercomprehensive
incomeNoncontrollinginterests

Capital stock

Capital surplus

Retainedearnings

15,232450,526

121,372(85,649)4,517

505,999492

506,491－－(4,644)－－(4,644)(26)(4,670)

－

－

－

－

(6,775)(6,775)－(6,775)－－(4,644)－(6,775)(11,420)(26)(11,446)

－
－
－

－
－
(1)

(4,484)
－
－

－
(6)
3

－
－
－

(4,484)
(6)
2

(28)
－
－

(4,512)
(6)
2

－

232

－

－

－

232

－

232

－

－

114

－

(114)

－

－

－

－

－

－

－

2,538

2,538

－

2,538

－

231

(4,370)

(4)

2,424

(1,719)(28)(1,747)

15,232450,757

112,358(85,653)165

492,860

439

493,298

Total

Total

Transactions with owners.
Dividends of surplus
Purchase of treasury stock
Disposal of treasury stock
Transactions of share-based
payment
Reclassification fromaccumulated other comprehensive
income (loss) to retained earnings
Reclassification fromaccumulated other comprehensive
income to non-financial assets
Total transactions with owners.
Balance as of September 30, 202010

Nine months ended September 30, 2021
(Millions of yen)
Equity attributable to owners of the parent company
Accumulated other
Other
comprehensive
Retained
Treasurycomprehensive
income of disposal
earnings
sharesincomegroups classified asaccumulated
held for sale
120,473(85,654)
1,095
(107)

Total

Noncontrollinginterests

Total

501,643450

502,093－(1,535)(17)(1,552)

－

3,980

－

3,980

3,980

－

2,445

(17)

2,428

－

－

－

(8,967)－(8,967)

－

(6)

－

－

(6)

－

(6)

(0)

－

0

－

－

0

－

0

－

283

－

－

－

－

283

－

283

－

－

17

－

(17)

－

－

－

－

－

－

－

－

(895)

－

(895)

－

(895)

Capitalstock

Capitalsurplus15,232450,605－－－(1,535)

－

－

－

－

－

3,980

－

－

(1,535)－－－(8,967)Purchase of treasury stock－－

Disposal of treasury stock－

Transactions of share-based
payment

Balance as of January 1, 2021
Comprehensive Income for theperiodNet loss for the period
Other comprehensive Income(loss)
Total comprehensive income (loss)
for the period
Transactions with owners
Dividends of surplus

Reclassification fromaccumulated othercomprehensive income (loss) toretained earnings
Reclassification fromaccumulated othercomprehensive income to nonfinancial assets
Changes from loss of control
Total transactions with owners
Balance as of September 30, 2021

－

－

(107)

－

－

107

－

(297)

(297)

－
15,232283
450,888(9,058)109,880(6)(85,660)

(912)
4,163

107
－

(9,586)494,503(297)
136(9,883)494,63811

(4) Notes to Condensed Consolidated Financial Statements(Notes Relating to Going Concern Assumption)
Not applicable.
(Changes in Accounting Policies)
Not applicable.
(Segment Information)
From the current fiscal year, the Group has changed to a single segment of "Beverages". As the Group operates a single segment
of beverage business, explanation by reportable segment is omitted. This is because the healthcare and skincare business wasclassified as a discontinued operation following the conclusion of an agreement to transfer all shares in Q'sai to Q-Partners Co.,Ltd on December 15, 2020. The transfer of all shares in Q’sai was completed on February 1, 2021.

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