May 13, 2020
To whom it may concern:
Name of company

Coca-Cola Bottlers Japan Holdings Inc.

Representative

Representative Director & President

Calin Dragan(Code No. 2579, First Section of the Tokyo Stock Exchange, Fukuoka Stock Exchange)
Cordula Thomas

Head of Controllers Senior Group Division, FinanceDirect enquiries to（Tel. (03) 6896 - 1707）

Revision of Full-Year 2020 Earnings and Dividend Forecast
After reviewing recent business performance, Coca-Cola Bottlers Japan Holdings Inc. (the “Company”) announced anupdate to its full-year 2020 (January 1 to December 31, 2020) earnings forecast, which was previously released on February
13, 2020, as follows. The Company has withdrawn its full-year 2020 earnings forecast given current uncertainty around
impact of the COVID-19 situation.
１．Revision of full-year forecast
Revision of full-year 2020 (from January 1, 2020 to December 31, 2020) forecast
Net income (loss)
attributable to theowners of parentEarnings (loss)
pershareNet

BusinessOperatingNet

revenues

incomeincome (loss)

income (loss)

million yen

million yen

million yen

million yen

million yen

927,200

18,00014,000

9,000

9,000

50.18 Yen－－－－－－

Difference (A-B)－－－－－

Difference (%)－－－－－

914,783

15,042(55,389)(57,895)(57,952)

Forecast as of February
13, 2020 (A)Revised forecast
announced today (B)(Reference)
Full-year 2019 results(322.22) Yen*We have introduced “Business Income” as a measure of our underlying or recurring business performance after the adoption of IFRS.
Business Income deducts cost of goods and SG&A from revenue, and includes other income and expenses which we believe arerecurring in nature

２．Revisions to dividend forecast
Revision of full-year 2020 (from January 1, 2020 to December 31, 2020) forecast
Dividend per share (JPY)
At the end of Q2

Year end

Total

Previously announced forecast

25.00

25.00

50.00

Revised forecast this time

0.00

Undecided

Undecided(Reference)
Result in Previous year
(FY2019 ended Dec)

25.00

25.00

50.00

３．Reason for revision
CCBJH has various mitigation plans in place to deal with the rapidly evolving situation, and we continue to adapt asnecessary to the COVID-19 outbreak and the government’s nationwide emergency declaration as well as postponementof the Tokyo 2020 Olympic Games to 2021. However, given the current uncertainty, for example, the timing of exitfrom the outbreak and lifting restrictions to prevent the outbreak, it is not possible to estimate the impact on our full-year2020 earnings forecast. Reflecting these circumstances, we have withdrawn our full-year 2020 earnings forecast
announced on February 13, 2020. We will provide an update when we are able to estimate the impact to our outlook.
We expect to experience the peak impact of COVID-19 on our business in the second quarter. As part of our review ofthe full-year forecast, we are focusing on maintaining good stewardship of capital by evaluating cash allocation priorities
including capital expenditure and dividends. Considering these circumstances, we have decided not to pay an interim
dividend and we have withdrawn our year-end dividend forecast. We will announce an update to our dividends forecast
once it becomes available.
(End of document)