Non-consolidated Financial Summary Reportfor Fiscal Year Ended December 31, 2003
February 6, 2004
Stock exchange listings:
Tokyo, Osaka and Fukuoka

Company name: Coca-Cola West Japan Company, Limited
Code number:2579(URL http://www.ccwj.co.jp/)
Representative: Representative Director, President & CEO
Name:
Norio Sueyoshi
Inquiries:
Manager in charge:
Finance Manager
Name:
Tadanori Taguchi
February 6, 2004
Approved at board meeting held on
Annual general meeting to be held on
March 26, 2004

Headquarters located inFukuoka Prefecture
Phone: +81-92-641-8581
Interim dividend: payableShare-unit:
100 shares per unit of stock

1. Non-consolidated financial data for the fiscal year 2003 ended December 31, 2003
(1) Operating results
Fiscal year ended
Dec 31, 2003
Dec 31, 2002

Net sales
million yen
186,176
174,594

%
6.6
14.0

Basic earnings pershare

Net income
Fiscal year ended
Dec 31, 2003
Dec 31, 2002

million yen
10,2595,378

Operating income
million yen
17,881
12,834

%
90.8
113.8

(rounded down to the nearest million dollars)
Recurring profit%%
million yen
39.3
18,32333.0(16.8)
13,774(14.7)

Diluted earnings
per share

yenyen64.19

127.1864.76

Recurring Recurring
profit toprofit
total asset
margin%%%
6.4
10.0
9.8
3.4
7.6
7.9

Return onequity

Notes:
1. Average number of shares outstanding:80,432,301 for fiscal 2003
82,416,369 for fiscal 2002
2. Changes in accounting principles:none
3. Percentage represents year-on-year change in respect of net sales, operating income, recurring profit and net income.

(2) Dividends paid

Fiscal year ended
Dec 31, 2003
Dec 31, 2002

Annual cash dividend per share
Annual dividends paidinterimyear-end
million yen
yenyen
yen
2,849
36.00
17.00
19.00
2,801
34.00
17.00
17.00

Payoutratio

Ratio of dividends toshareholders' equity%
1.8
1.7%
28.3
52.1

(3) Financial conditions
Total assets
Fiscal year ended
Dec 31, 2003
Dec 31, 2002

Total shareholders' equity
million yen

183,881
183,954

Shareholders' equity
ratio

million yen
162,152
160,498

Shareholders' equity
per shareyen%
88.2
87.2

2,048.22
1,958.61

Notes:
1. Number of shares outstanding at the end of the period:

79,152,664 as of Dec 31, 2003

81,924,129 as of Dec 31, 2002

2 Number of treasury stock shares at the end of the period:

3,745,990 as of Dec 31, 2003

974,525 as of Dec 31, 2002

2. Earnings projections for the fiscal year ending December 31, 2004
Net sales

Recurring profit

Net income

Annual cash dividend per shareinterim
yen
18.00
－

year-end
million yen
million yen
million yen
yen
yen
7,700
－－
First 6 months
92,2004,300
16,400
Full year
198,500
9,100
18.00
36.00
（N.B.) Projected net income per share for the year ending December 31, 2004:
114.97 yen
16,100 million yen for the full year
Operating income:
7,600 million yen for the first six months*Projections are based upon information available on the announcement date of this report, and actual results may differ
significantly from the projection, for a wide range of possible reasons. See page 7 of the accompanying material for further details ofthis projection.
*These materials comprise the Company's brief settlement of accounts and other financial reports translated from Japanese into
English for the convenience of readers outside Japan.