This document is a summary translation of the Japanese language original version. In the event of any discrepancy,
errors and/or omissions, the Japanese language version shall prevail．

Summary of Consolidated Financial Statements (Japanese Standards)
for the first three quarters of the year ending December 31st, 2014 (Q3 2014YTD)
November 6th, 2014

Listed Company Name

Coca-Cola East Japan Co., Ltd.

Stock Exchange

Security Code

2580

URL

http://www.ccej.co.jp

Representative

title

Name

Calin Dragan

Name

Asako Aoyama

Representative Director,

Tokyo Stock Exchange

President
Contact

title

Senior Executive Officer
Finance Function

03(5575)3859

November 11th, 2014

Scheduled date of submission of Quarterly

TEL:

ReportSchedule date of start of―dividend payment

Preparation of supplementary documents for quarter results

None

Quarterly results briefing

Yes(Amounts of less than 1 MM yen are rounded down)

1．
(1)

Consolidated Financial Results for the first three quarters of the year ending December 31th, 2014
(January 1st, 2014 – September 30th, 2014)
Consolidated Results of Operations (YTD)(Percentages show year-on-year changes)
Net Sales

Operating Income

MM yen%MM yen%Q3 2014 YTD
400,601
62.3
5,732
△29.0
Q3 2013 YTD
246,786
65.5
8,077
219.2
(Note) Comprehensive income: Q3 2014 YTD 1,436 MM yen (△91.0%)

Net Income

MM yen%MM yen
5,985
△26.8
897
8,177
212.2
15,481Q3 2013 YTD 15,964 MM yen (945.9%)

Net income per share(fully diluted)

Net income per share
Yen
7.41
220.97Q3 2014 YTD
Q3 2013 YTD

Ordinary Income

Yen
7.41
220.84.
(2)

Consolidated Financial Position
Total Assets

Net Assets

Equity Ratio

MM yenMM YenQ3 2014 YTD
344,354214,123
FY2013
314,490
216,191(Reference) Shareholders’ equity: Q3 2014 : 213,971 MM yen
FY2013 :216,172MM yen

%
62.1
68.7

2．Dividends

FY2013
FY2014FY2014(forecast)End of Q1
Yen－－

End of Q2
Yen
18.00
16.00

Dividend per share
End of Q3
Yen－－(Note) Revisions to the dividend forecast disclosed most recently0Year-end
Yen
14.00

Annual
yen
32.00

16.00

32.00

None

%
△94.2
970.8

3．The Consolidated Earnings forecasts for the fiscal year commencing January 1st and ending December 31st ,2014(Percentages show year-on-year changes)
Net Income
Net sales
Operating Income
Ordinary Income
Net Income
Per Share
MM ye
MM yen%MM yen%%MM yen%Yen
nFull-Year
523,000 40.3
9,100
20.0
9,400
21.6
3,200 △72.4
26.44(Note) Revisions to the Earnings forecasts disclosed most recently

Yes

Notes:(1)

Changes of important subsidiaries during consolidated Q3 FY2014 (Changes of specific subsidiaries
accompanied by changes in the consolidation scope)(2)

Application of particular accounting treatments to the preparation of quarterly consolidated financial
statements

None

None

(3)

Changes in accounting policies and changes or restatement of accounting estimates①

Changes in accounting policies accompanied by revisions of accounting standards, etc.

None

②

Changes in accounting policies other than ①

Yes③

Changes in accounting estimatesYes④

Restatement

None

(4)
①

Number of Issued Shares (Common Shares)
Number of the issued shares at the end of theperiod (including treasury stock)
Number of the treasury stock at the end of theperiodAverage number of the shares during theperiod (accumulated total)②③

Q3 2014

121,898,978 shares

FY 2013

121,898,978 shares

Q3 2014852,937 shares

FY 2013856,494 shares

Q3 2014

121,048,892 shares

Q3
2013YTD

70,062,189 shares*Statement regarding the status of the quarterly review
This summary of financial statements for the first three quarters of the year ended December 31st, 2014 fall outside the quarterly
audit review required by the Financial Instruments and Exchange Act and the quarterly audit review of quarterly consolidated
financial statements required by the Financial Instruments and Exchange Act had not been completed as of the time when thissummary was disclosed.
*Explanation regarding the appropriate use of earnings forecasts and other special notes
Although the statements in this summary are prepared based on various information available to the Company and certain
assumptions considered reasonable by the Company, actual results may differ significantly due to various factors. For details of
assumptions for earnings forecasts and notes on the use of earnings forecasts, please see “Qualitative information on the
consolidated earnings forecasts,” page 6 of the attached material of the summary.

1

Contents of the Attached Materials

1.

Qualitative information on results for the first three quarters of the year ending December 31st, 2014 ･･････

2(1) Qualitative information on the consolidated operating results ･････････････････････････････････････

2(2) Qualitative information on the consolidated financial positions ････････････････････････････････････

7(3) Qualitative information on the consolidated earnings forecast ･････････････････････････････････････

8

2.

Matters relating to summary information (notes)･･････････････････････････････････････････････････
10(1) Changes of important subsidiaries during the consolidated Q3 201410
YTD(accumulated)･･････････････････(2) Application of particular accounting treatments to preparation of quarterly consolidated financial statements 10(3) Changes in accounting policies and changes or restatement of accounting
10
estimates ･･･････････････････
3. Quarterly consolidated financial statements ･･･････････････････････････････････････････････････････
11(1) Quarterly consolidated balance sheets ････････････････････････････････････････････････････････

11(2) Quarterly consolidated profit and loss statements and comprehensive profit statements･････････････････ 13
Quarterly consolidated profit and loss statement
Consolidated Q3 2014YTD (accumulated)････････････････････････････････････････････････････ 13
Quarterly consolidated comprehensive profit statements
Consolidated Q3 2014YTD (accumulated)･･････････････････････････････････････････････････

14(3) Notes relating to Quarterly consolidated financial statements･･･････････････････････････････････････

15(Notes relating to assumptions for the going concern)･･････････････････････････････････････････････ 15(Notes in the event of significant changes in amount of shareholders’ equity)･･･････････････････････････ 15(Segment information and others) ････････････････････････････････････････････････････････････

1

15

Coca-Cola East Japan Co., Ltd. (CCEJ) today announced its consolidated financial results
for the nine-month period ended September 30, 2014 (January 1, 2014 to September 30,
2014, hereinafter referred to as year-to-date)
1. Qualitative information on the year-to-date 2014 results(1) Qualitative information on the consolidated operating results
Key Messages
・ Year-to-date volume growth of 1%, with our fourth consecutive quarter of volume
and value share gains, despite the impact of unseasonal weather in the summer
and a challenging consumer/economic environment after the April 1 consumption
tax increase.
・ Continued synergy capture and cost savings offset by revenue mix pressure as well
as operational delays of new production lines and related higher external
procurement and logistics costs.
・ Revised full-year reported Operating Income estimate of JPY 9.1 billion. Full-yearcomparable Operating Income estimate now ¥10.3 billion, even vs. prior year.
・ Legal integration of four legacy bottlers proceeding on plan, integration planfor ”white” vending businesses approved by Board of Directors.
*For additional details and management discussion of the third quarter and year-to-date
results, please also see our supplemental presentation material posted on our Company
website, which will be used for our earnings telephone conference and webcast on theevening of November 6, 2014. The webcast is available both live and on demand at
http://www.investor.ccej.co.jp.

Industry Update
The third quarter (July to September, 2014) was characterized by unseasonably coolsummer weather as well as a more challenging macro-economic environment after the April
1 consumption tax increase.

As a result, total nonalcoholic ready-to-drink (NARTD)

beverage industry volumes were down, and the industry revenue mix environment was
further impacted by shifts away from vending and other immediate consumption channels aswell as stronger price promotion activity as a result of the weak summer sales volumes. In
this volatile environment, Coca-Cola East Japan achieved continued market share growthboth in terms of volume share and value share.

2Integration Update
CCEJ, formed after the management integration of the four Kanto and Tokai region
Coca-Cola bottling companies on July 1, 2013, is now Japan’s largest Coca-Cola bottlingcompany, encompassing one contiguous geographic territory representing one of the mostdynamic and competitive consumer markets in Japan. The integration of CCEJ allows us toleverage the scale of our expanded size and the related efficiencies of having one optimized
set of functional organizational structures rather than multiple individual businesses runningin separate geographies.
With multiple integration projects and initiatives underway there are many visible signs ofprogress to highlight in the third quarter (July 1, 2014 to September 30, 2014), including thefollowing:・ Completed the legal integration of seven consolidated subsidiaries (three logistics
companies and four equipment maintenance companies) into one subsidiarycompany, Coca-Cola East Japan Products
・ Commissioned one new production line at our Ebina plant・ Shut down operations at two manufacturing facilities
・ In-house production of new Tokuho tea started
・ Successfully completed bond offering of ¥14 billion
・ On track with development and deployment of ERP system “CokeONE+”
We continue to make progress with the legal integration of multiple subsidiary companies,
including the integration of four production companies at the beginning of this year andseven logistics and equipment maintenance subsidiaries mid-year. Work toward the legal
integration of our four legacy bottling companies is on track to be completed at the beginningof 2015, and our Board of Directors approved today the integration of the remaining vending
operating subsidiary companies which handle our products as well as other companies’
products, to be completed by April, 2015. Though in line with our integration plans, theaggressive pace has resulted in some operational challenges, with businesses having toadapt to being run functionally rather than by legal entity.

Operating Review
Year-to-date total BAPC (Bottler Actual Physical Cases) sales volume grew 0.6% on acomparable basis, and we continued to grow both volume and value share in total NARTD
beverages, led by colas, teas, water and coffee. During the third quarter, which is our peakbusiness season, volume decreased due to unseasonably cool and wet weather, including alonger-than-usual rainy season, cool temperatures and frequent typhoons. Year-to-date3

volume growth by channel was led by the drug & discounter (+7%) and convenience store
channels (+6%). The supermarket channel grew slightly, while volume in the vending (-3%)
and eating & drinking (-2%) channels declined, impacted by the poor summer weather andconsumers continuing to adjust to the consumption tax rate hike. For the year-to-date
period, volume of future consumption packages grew faster than the more profitable
immediate consumption packages, up 2% and 1%, respectively.
Year-to-date, sparkling beverage volume was even, with growth in brand Coca-Cola andFanta. In the hydration category, unsweetened teas grew 8% and water grew 9%. Sports
drinks volume declined 9% due to the poor summer weather as well as cycling strong
volume performance from the prior year. Unsweetened tea growth was led by Ayataka
green tea and the launch of Karada Sukoyakacha W, our new FOSHU (Food for Specific
Health Use) tea brand.

The ilohas water brand continued to perform well and also

benefited from the launch of ilohas sparkling variants in plain and lemon flavors.
Importantly, coffee volume continued to improve sequentially, with 2% growth year to date.
In the third quarter, we delivered our fourth consecutive quarter of volume and value sharegains by strengthening sales promotion activities of newly launched products mainly in theconvenience store channel, however total BAPC sales volume declined 2% on acomparable basis. Convenience store channel volume grew 10%, driven by growth incoffee, unsweetened teas and sparkling water. The drug & discounter channel grew 2%,
led by our strong portfolio of unsweetened tea brands. Supermarket (-6%), vending (-6%)
and eating & drinking (-2%) channel performance was impacted by poor weather as well asa weaker macro-economic environment following the April 1 consumption tax hike.
Third quarter sparkling beverage volume declined 4%, primarily because of soft
performance in the vending channel. In the hydration category, unsweetened tea andwater volumes grew 7% and 10%, respectively. Sports drink volume declined 19% in thequarter, strongly impacted by the unseasonal summer weather. Karada Sukoyakacha W,
together with Ayataka green tea and our seasonal launch of Barley tea, helped to continue
our strong growth momentum in unsweetened tea. Water volume grew as a result of theintroduction of immediate consumption iLohas Sparkling in plain and lemon flavors. Coffee
volume grew 6% in the quarter, driven by the new products introduced in the second quarter,with positive performance across all channels, led by vending (+6%), an important sales
channel for our coffee products, convenience stores (+7%) and the drug and discounter(+7%) channel.

4Together with our partners at Coca-Cola Japan (CCJC), we have a strong marketingand innovation calendar planned for the fourth quarter, including aggressive deploymentof hot beverage SKUs for the winter across multiple channels. We have exciting plansto activate our Coca-Cola TM Winter Campaign for Christmas and the holiday season
with the introduction of a seasonal limited flavor, Coca-Cola Orange, as well as our
Happy Message Bottles campaign starting in November. In the coffee category, we
launched new customer-specific products in October and we are also continuing the
successful Weekly Georgia digital magazine for smartphones as well as a winter versionof the current campaign, The World is Made Up of Someone’s Work. Also, we will
strengthen sales promotion activities for AQUARIUS during the winter for vitamin
functionality and cold prevention.
Financial Review
Reported* Results
Year-To-Date 2014 (January to September)

In Million JPY

2013

2014

% Change

Net Sales

246,786

400,601+62.3 %

Operating Income

8,077

5,732

-29.0 %Net Income

15,481897-94.2 %

* Reported: CCEJ began operations as an integrated company starting in the third quarter of 2013. As a result, above reported
consolidated financial results for CCEJ are compared against the consolidated results of legacy Coca-Cola Central Japan (CCCJ)
in same term of 2013. As a result, above reported results in 2013 reflect the consolidated results of CCEJ in the third quarter andconsolidated result of the legacy CCCJ for the first and second quarters. Please see our “Comparable” results below which
present results as if the four Kanto and Tokai area Coca-Cola bottlers were integrated as of January 1, 2013 and after excluding
exceptional items such as charges, gains, etc. which are viewed by management as one-time items impacting only the current
period or the comparable period, but not both.

Comparable* Results
Year-To-Date 2014 (January to September)
2013

2014

Comparable

Comparable% Change

Volume (BAPC, in thousand)

217,078

218,412+ 0.6%Net Sales

407,596

400,601- 1.7%

Operating Income

11,246

6,587- 41.4%Net Income

6,323

3,356

- 46.90%

In Million JPY, except volume5

Third Quarter 2014 (July to September)
2013

2014

Comparable

Comparable% Change

Volume (BAPC, in thousand)

86,45984,381- 2.4%Net Sales

159,482

152,106- 4.6%

Operating Income

9,098

7,810

-14.2%Net Income

5,552

4,899

-11.8%In Million JPY, except volume* Comparable: Presentation of results as if the four Kanto and Tokai area Coca-Cola bottlers were integrated as of January 1, 2013 andafter excluding exceptional items such as charges, gains, etc. which are viewed by management as one-time items impacting only thecurrent period or the comparable period, but not both. These comparability adjustments should be viewed in addition to, and not as analternative for, the Company's reported results prepared in accordance with JGAAP.
Note: 2013 volumes have changed slightly as a result of data and system standardization. The impact is not deemed material.

Year-to-date 2014 reported net sales revenue was JPY 400,601 million (up 62.3%, or JPY
153,815 million compared to the prior year period), reflecting the integration of the four
Kanto and Tokai region Coca-Cola bottlers on July 1, 2013. Year-to-date 2014 comparable
net sales revenue declined 1.7%, or 0.9% after adjusting for the sale of non-core businesses
such as Mikuni Wine. This reflects volume growth of +0.6%, offset by negative price/mix.
Third quarter comparable net sales revenue declined 4.6%, or 4.0% after adjusting for thesale of non-core businesses such as Mikuni Wine, as volumes declined 2% and price/mix
was negative due to pricing and promotional activity to drive volume in a slow summer.
Year-to-date reported operating income was JPY 5,732 million (down 29.0%, or JPY 2,345
million compared to the prior year period). Year-to-date comparable operating income was
JPY 6,587 million (down 41.4%, or JPY 4,659 million compared to the prior year period).
This reflects the strong impact of negative price/mix, especially in the third quarter, driven by
discounting and promotional activity, primarily in regional and local chain stores, as well asvolume declines in the vending channel. Supply chain synergies were unable to offset the
impact of price/mix, as we experienced delays in the full operational capacity of new
production lines installed in the second and third quarters and also as we continued to
procure finished products from other Coca-Cola bottlers.

Total selling, general andadministrative expenses (SG&A) increased mainly driven by continued investments in direct
marketing expenses (DME), as well as distribution costs at CCEJP, although other OPEX
was even year to date. Year-to-date comparable operating income also reflects a net
JPY 1.9 billion benefit in depreciation expense related to a change in accounting policy andestimates related to the depreciation method for fixed assets and a revision to the estimateduseful lives of cold drink sales equipment, effective January 1, 2014.
6

Third quartercomparable operating income was JPY 7,810 million (down 14.2%, JPY 1,288 million
compared to the prior year period) driven by the decrease in sales volume and mix
deterioration in the quarter, as well as increased expenses related to limited production
capacity of the newly installed production lines and procurement of finished product fromother Coca-Cola bottlers.

Total SG&A decreased through a strong focus on OPEX

efficiency in the quarter, which was partly offset by an increase in DME. Third quartercomparable operating income also reflects a JPY 3 billion benefit in depreciation as a resultof the above change in accounting policy and estimates.
Year-to-date, we reported net income of JPY 897 million (down 94.2%, JPY 14,584 million
compared to the prior year period). This reflects the above-mentioned operating
performance in the year-to-date 2014 period as well cycling extraordinary items from theprior year period, including a JPY 13 billion one-time gain from negative goodwill andvarious integration-related expenses. In addition, year-to-date 2014 net income includes
restructuring costs, primarily related to our employee voluntary separation program in thefirst quarter, and quality-related extraordinary expenses due to a limited product recall in thethird quarter.

(2) Qualitative information on the consolidated financial positions(i) The financial positions at the end of the third quarter are as follows:
Assets at the end of the third quarter were JPY 344,354 million, an increase of JPY 29,863
million from the end of the previous fiscal year. This is mainly due to an increase in current
assets as a result of our focus on bringing more production and logistics volume in-house,
which leads to higher inventory levels of merchandise and finished goods as well as raw
material and supplies. In addition, Accounts Receivable-Trade increased, reflecting the
growth in reported revenue. Fixed assets also increased for sales equipment as we havebeen aggressively increasing the installation of coolers as well as new vending machines inorder to drive profitable immediate consumption packaging sales growth. In addition,
Property, Plant and Equipment - Other increased as a result of the introduction in 2014 offive new production lines, two new in-line PET bottle blowers, and new trucks.
Liabilities at the end of the second quarter were JPY 130,230 million, an increase of JPY
31,931 million from the end of previous fiscal year. This is mainly due to an increase in
short-term borrowing for our working capital and an increase of Accounts Payable-Trade asa result of ongoing in-housing of production and logistics as well as increase of fixedliabilities by issuing straight bond.
7

Net assets at the end of the second quarter were JPY 214,123 million, a decrease of JPY
2,067 million. This is primarily a decrease of retained earnings due to the year-to-date
reported net operating income of JPY 897 million was offset by the payment of JPY 3,630
million in dividends in the first and third quarter.

(3)Qualitative information on the consolidated earnings forecast
CCEJ released a downward revision of its full-year 2014 earnings forecast today. The
revised figures on a reported basis can be found in the separate disclosure, “Revision of theEarnings Forecast for the Fiscal Year Ending December 2014” released today as well as thecover page of this earnings release. The comparable figures of the revision and reason for
the revisions are as follows.
Revised full year forecast of 2014 (Comparable)
Revenue
Prior forecast (A)Revised forecast (B)Amount increase/decrease(A)-(B)
Rate of increase/decrease(%)
2013 Full year result(Comparable)

Operating Income

Net Income

Million JPY

Million JPY

Million JPY

535,800
523,000-12,800

19,00010,300-8,70012,2005,900-6,300

-2.4

-45.8

-51.6

533,602

10,2405,693(Reason for the revision)
As a result of the industry impact of unseasonably cool summer weather and a weakerconsumer environment after the April 1 consumption tax rise as well as ongoing channel
trends, our business experienced greater than expected negative impact to our price/mix.
Although we have delivered incremental supply chain synergies since our inception and in
this fiscal year, we also experienced slower-than-expected commissioning of some new
production lines, delays in the operational integration of our logistics blueprint, lower supply
chain synergies attributable to the slower production volume due to the poor weather,
additional logistics costs due to procurement of finished goods from other bottlers, etc.
These partly offset the benefit from supply chain synergies, and were not enough to offset
the profit decline caused by price/mix deterioration.

8

We have continued to invest in marketing in order to ensure continued volume and value
share gains in the challenging and competitive environment. As a result, DME increased
against the initial estimate. On the other hand, we are saving overall selling, general andadministrative expenses, mainly as a result of reduced personnel costs driven by reductionsin headcount by our voluntary separation programs and also changes in actuarial
assumptions related to pensions.
.
We also report extraordinary losses which includes restructuring costs primarily related toour employee voluntary separation program, quality-related extraordinary expenses due to alimited voluntary product recall, etc.

9

2. Matters relating to summary information (notes)(1) Important change in subsidiaries during the consolidated Q3 FY2014 under review
There is no matter applicable.
(2) Application of accounting treatments specific to preparation of quarterly consolidated financial
statements
There is no matter applicable.
(3) Changes in accounting policies, accounting estimate or restatement（Change in Accounting Policy and estimates ）Change in the depreciation method, the estimated useful lives, and salvage values oftangible fixed assets
From the beginning of this fiscal year, the Company changed the depreciation method of its
tangible fixed assets from the declining method to the straight-line method.
Aiming to establish appropriate usage of the cold drink equipment beyond each legacy bottler
territory, the Company introduced new strategies regarding sales equipment in its newly
planned fiscal 2014 annual business plan. By implementing this plan, the Company ensuresthat assets will be productive over their entire lives and can maximize usage periods, which
will contribute to generating stable and long-term revenue. Also, for the production
equipment, the Company introduced new strategies regarding supply chain in the annual
business plan. The Company plans to improve and optimize its production capacity beyond
the legacy bottler territories through integrating production subsidiaries and making
large-scale investments in new production equipment. This plan will also enable theCompany to run the assets in an efficient and stable manner over the long run. Considering
the aforementioned benefits, the Company changed the depreciation method of its tangible
fixed assets from the declining method to the straight-line method, which more accuratelyreflects the estimated pattern of utilization of the assets.
The Company also extended the estimated useful life of its cold drink sales equipment suchas vending machines and coolers to nine years from a range of five to six years, which moreaccurately reflects the estimated useful lives of this significant asset base.
As part of this change, the salvage value of existing tangible fixed assets was adjusted to aresidual value of one JPY per asset for asset-tracking purposes, with the difference written off
during the first quarter. The salvage value write-off for assets without remaining useful lives
had a negative impact on the Company’s first three quarter 2014 reported operating income
1,956, ordinary income 2,363 and profit before tax 2,431 respectively.

10

3. Quarterly Consolidated financial statements(1)Consolidated balance sheets(Million yen)
FY2013Q3 2014 YTD

AssetsCurrent assets
Cash and deposits

29,901

27,051

Notes and accounts receivable-trade35,93440,880

Short-term investment securities

1,505

1,206

Merchandise and finished goods

31,261

32,662Work in process－67

Raw materials and supplies

1,931

4,417

Other

20,16232,937

Allowance for doubtful accounts

△ 51

△ 41

120,645

139,181

Buildings and structures, net

37,691

37,664

Sale equipment, net

38,55847,415

Land

46,75946,526

Other, net

35,69039,400Property, plant and equipment

158,699

171,007

3,616

3,887

Other

31,78830,549Allowance for doubtful accounts

△ 260

△ 271

Investments and other assets

31,52830,277

193,844

205,172

314,490344,354

Accounts payable-trade21,51023,998

Short-term loans payable－

20,000

Income taxes payable

1,585

2,331

Provision for bonuses

1,264

2,841

Current assets
Noncurrent assets
Property, plant and equipment

Intangible assets
Investments and other assets

Noncurrent assets
AssetsLiabilities
Current liabilities

Provision for directors' bonuses

131－

Provision for early contact termination

220

771

Other

36,57635,219Current liabilities

61,28985,162－

14,00017,57916,058

Noncurrent liabilities
Bonds payable
Provision for retirement benefits
Provision for directors' retirement benefits

367

2Provision for environmental measures

359

360

Provision for early contact termination

3,173

2,409

Other

15,52912,236

Noncurrent liabilities

37,00945,067

98,299130,230

Liabilities

11

(Million yen)
FY2013Q3 2014 YTD

Net assets
Shareholders' equity
Capital stock

6,499

6,499

Capital surplus

143,136

143,134

Retained earnings

67,03464,300Treasury stock△ 1,164△ 1,167

Shareholders' equity

215,507

212,767

Valuation and translation adjustments
Valuation difference on available-for-sale securities

867

1,280

Deferred gains or losses on hedges

△ 201

△ 75

Valuation and translation adjustments

665

1,204

Subscription rights to shares
Net assets
Liabilities and net assets

12

19

151

216,191

214,123

314,490344,354

(2) Consolidated profit and loss statement and comprehensive profit statement(Consolidated profit and loss statement)(Million yen)
Q3 2013 YTD

Q3 2014 YTD

Net sales

246,786

400,601

Cost of sales

139,005

219,154

Gross profit

107,781

181,446

Selling, general and administrative expenses

99,703

175,714

Operating income

8,077

5,732

Interest income

56

102

Dividends income

20

132

Equity in earnings of affiliates

190

128

Rent income

207

281

Gain on sales of valueable wastes

160

268

Others

105

126

741

1,038

Interest expenses

127

292

Rent expenses

54

79

Loss on sales and retirement of noncurrent assets

437

307

Others21

106

Non-operating expenses

641

785

8,177

5,985

12,969－Non-operating income

Non-operating income
Non-operating expenses

Ordinary income
Extraordinary income
Gain on negative goodwill
Gain on sales of shares of subsidiaries－

69

Insurance income－

100

Gain on sales of noncurrent assets－

89

Others6

012,976258

Loss on sales and retirement of noncurrent assets

71

350

Impairment loss

25

69

Restructuring cost

-

1,771

Quality-related costs-

529

Cost of defective work-

373

Integration expenses

1,961

-

821

-

Extraordinary income
Extraordinary loss

Loss on step acquisitions
OthersExtraordinary loss
Income before income taxes

15

168

2,894

3,263

18,2592,980

Income taxes-current

3,381

3,748

Income taxes-deferred△ 603△ 1,665

Income taxes

2,778

2,083

Income before minority interests

15,481897

Net income

15,481897

13

(Consolidated comprehensive profit statement)(Million yen)
Q3 2013 YTD

Income before minority interests

Q3 2014 YTD

15,481

897

Valuation difference on available-for-sale securities

484

413

Deferred gains or losses on hedges

△0

126

Other comprehensive income

483

539

15,964

1,436

15,964

1,436

－

－

Other comprehensive income

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of the parent company
Comprehensive income attributable to minority interests14(3)Notes relating to Quarterly consolidated financial statements(Notes relating to assumptions for the going concern)
None(Notes in the event of significant changes in amount of shareholders’ equity)
None(Segment information, etc.)(Segment Information)
The Group has sole segment of beverage business, thus the description is omitted.

15