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.

Consolidated Financial Summary for
the First Quarter Ended March 31, 2017 (Japanese Standard)
May 1, 2017
Listed company name: Coca-Cola Bottlers Japan Inc.
(formerly Coca-Cola West Company, Limited)
Code number: 2579
Delegate: Title: Representative Director & President
Contact: Title: Leader, Finance Controller Group
Expected date of quarterly report submission: May 12, 2017
FY 2017 1Q supplementary information: Yes
FY 2017 1Q financial presentation: None

Listed stock exchanges: Tokyo and Fukuoka
URL: https://en.ccbji.co.jp
Name: Tamio Yoshimatsu
Name: Masakiyo Uike Phone: +81-3-6896-1707
Expected date of the dividend payments: －(Fractions of one million yen are rounded down)

1. Consolidated financial results for the 1st quarter 2017 (from January 1, 2017 to March 31, 2017)(Percentages indicate changes over the same period in the prior fiscal year)(1) Consolidated financial results
Net revenues
1st quarter 2017
1st quarter 2016

Operating income

Recurring income

Profit attributableto owners of parent
million yen%

million yen%

million yen%

million yen%

99,141
100,545

(1.4)

2,167
2,209

(1.9)

1,947

(5.9)

942

(1.2)

－

2,069

－

953

－

10.3

Note: Comprehensive income
1Q 2017: 1,101 million yen <－%>

1Q 2016: (333 million yen) <－%>

Diluted earnings
per share

Earnings per
share
1st quarter 2017
1st quarter 2016

yen

yen

8.63
8.73

－
－

(2) Consolidated financial position
Total assets
As of

1st quarter 2017
Full year 2016

Net assets (excl. minority
interests) to total assets

Net assets

million yen

million yen%

368,841
377,468

259,623
261,17370.3
69.1

Reference: Net assets (excl. minority interests)
1Q 2017: 259,223 million yen
End of 2016: 260,758 million yen

2. Dividends(Record date)

Dividends per share
End of 2Q
End of 3Q
Year-end

End of 1Q

Year ended

Full year 2016
Full year 2017
Full year 2017 (forecast)

Annual

yen

yen

yen

yen

yen

－
－

22.00

－

24.00

46.00

－

－

－

－

Note: 1.Revisions to the cash dividends forecasts most recently announced: None
2.End of 2Q FY 2016 dividend: an ordinary dividend of 21.00 yen, a commemorative dividend of 1.00 yen
FY 2016 ending dividend: an ordinary dividend of 23.00 yen, a commemorative dividend of 1.00 yen
3.We conducted the business integration with Coca-Cola East Japan Co., Ltd. through a share exchange and an absorption-typecompany split on April 1, 2017. Year-end dividend forecast for the fiscal year ending December 31, 2017 shall beannounced separately upon determination.

3. Forecast of consolidated financial results 2017 (from January 1, 2017 to December 31, 2017)(Percentages indicate changes over the same period in the prior fiscal year)

Net revenues
million yen

Full year 2017－

Operating income Recurring income% million yen－－% million yen－－

Profit attributableto owners of parent% million yen－－

Earnings
per share

%

Yen

－

－

Note: 1.Revisions to the forecasts of consolidated financial results most recently announced: None
2.We conducted the business integration with Coca-Cola East Japan Co., Ltd. through a share exchange and an absorption-typecompany split on April 1, 2017. Full-year consolidated performance forecasts for the fiscal year ending December 31, 2017
shall be announced separately upon determination.

Notes(1) Changes in significant subsidiaries during the current period(changes in specified subsidiaries resulting in change in scope of consolidation)(2) Application of special accounting for preparing the quarterly consolidated financial
statement(3) Changes in accounting policies, changes in accounting estimates, and restatement of priorperiod financial statements after error corrections
1) Changes in accounting policies due to revisions to accounting standards and otherregulations
2) Changes other than those in 1) above
3) Changes in accounting estimates
4) Restatement of prior period financial statements after error corrections: None: None: None: Yes: Yes: None(4) Number of outstanding shares (common shares)
1) Number of outstanding shares at the end of period (including treasury shares):
1Q 2017: 111,125,714 shares
FY 2016: 111,125,714 shares
2) Number of treasury shares at the end of period:
1Q 2017: 1,989,678 shares
FY 2016: 1,989,069 shares
3) Average number of outstanding shares at end of period (three months):
1Q 2017: 109,136,375 shares
1Q 2016: 109,138,597 shares
Note: the total number of outstanding shares increased by 95,142,879 to 206,268,593 as of April 1,2017 in connection with the integration with Coca-Cola East Japan Co., Ltd.
* These Consolidated Financial Results are not subject to quarterly review procedures.
* 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 to number of inherent uncertainties in the forecast, actual results may differ materially from the forecast.
Furthermore, please refer to〔Attachment〕“1. Qualitative Information on the Financial Summary for this Quarter(3) Information on the Future Outlook, Including Forecast of Consolidated Financial Results” on page 3 for mattersrelating to performance forecasts.

Table of contents
Page
Attachment
1.

2.

Qualitative Information on the Financial Summary for this Quarter(1) Details of Consolidated Financial Results…………………………………………………………………..

2(2) Details of Consolidated Financial Position………………………………………………………………….

3(3) Information on the Future Outlook, Including Forecast of Consolidated Financial Results………………..

3

Quarterly Consolidated Financial Statements(1) Quarterly Consolidated Balance Sheets……………………………………………………………………..

4(2) Quarterly Consolidated Statements of Income and Comprehensive Income ………………………………

6

Quarterly Consolidated Statements of Income…………………………………………………………..

6

Quarterly Consolidated Statements of Comprehensive Income…………………………………………

7(3) Notes to Quarterly Consolidated Financial Statements……………………………………………………..

8(Notes Relating to Assumptions for the Going Concern)………………………………………………….

8(Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value)………………….

8(Application of Special Accounting for Preparing the Quarterly Consolidated Financial Statement)………

8(Changes in Accounting Policies, etc.) ……………………………………………………………………………

8(Additional Information)……………………………………………………………………………………………

8(Segment Information) …………………………………………………………………………………….

9

1

1. Qualitative Information on the Financial Summary for this Quarter(1) Details of Consolidated Financial Results
During the first quarter of the fiscal year under review, the Japanese economy continued to show an overall
trend of modest recovery with the job market and income situation continuing to improve and the various strategic
measures by the government having a positive impact.
In the soft drink industry, despite the fact that the market saw trends for soft drink companies to continue
initiatives focusing on revenue, the stark situation continued as sales competition among beverage companies
remained severe.
Both health food and cosmetic industries also remained under tough conditions despite the continued trend of
market growth, due to factors such as intense competition owing to new players from other industries entering themarket, etc.
In this operating environment, the Company will adopt the following management policies. In the soft drink
business we will aim to increase sales generating profits by implementing appropriate price strategies in orderfurther develop the sophistication of our RGM (Revenue Growth Management) initiatives and ensure fine-tuned
sales activities corresponding to business conditions and the situations of our customers. In order to build avending business model that gives us a competitive advantage, we will enhance initiatives for key issues that willlead to improvements in productivity and efficiency, and introduce IT solutions targeted at growing sales. We will
also continue to make investments in order to improve job satisfaction for employees and corporate growth.
In the healthcare & skincare business, we aim to win new customers by introducing highly competitive new
products and carrying out effective advertising campaigns, and we will aim to promote continued and increased
purchases by existing customers through further promotion of CRM (Customer Relationship Management). We
will also undertake initiatives to develop new sales channels and new business in order to break into new fields.
The Company plans to create new growth opportunities by continuing collaborative initiatives between the softdrink business and healthcare & skincare business.
Additionally, the Company and Coca-Cola East Japan Co., Ltd. underwent the business integration by means ofa share exchange and absorption-type company split effective as of April 1, 2017, with the new, merged company,
Coca-Cola Bottlers Japan Inc., launching as of the same date. The integration will combine the experience andknow-how that the Company and Coca-Cola East Japan Co., Ltd. have cultivated over the years, and through thecreation of new value aims to further grow Coca-Cola’s business and contribute to the development of the softdrink industry in Japan.
The business performance status for the first three-month period of this fiscal year is as follows.
＜Net Revenues＞
Consolidated net revenues of the soft drink business in the first quarter of the fiscal year under review fell
735 million yen to 91,644 million yen (down 0.8%) year on year, owing to factors such as the impact of the fallin sales volumes. Consolidated net revenues of the healthcare & skincare business in the first quarter of the
fiscal year under review fell 668 million yen to 7,497 million yen (down 8.2%) year on year, owing to factors
such as the impact of the fall in sales volumes. As a result, the total consolidated net revenues for all segmentsin the first quarter of the fiscal year under review fell 1,403 million yen to 99,141 million yen (down 1.4%) year
on year.
＜Operating Income＞
Consolidated operating income of the soft drink business in the first quarter of the fiscal year under review
fell 79 million yen to 1,320 million yen (down 5.7%) year on year, due to the impact of an increase in expenses
brought about by the change in our depreciation method for fixed assets, despite our efforts to reduces costs, etc.
in connection with the decrease in net revenues discussed above. Despite the aforementioned drop in net
revenues, consolidated operating income in the healthcare & skincare business in the first quarter of the fiscal
year under review increased by 37 million yen to 846 million yen (up 4.6%) year on year thanks to factors suchas reductions in sales promotion costs. As a result, the total consolidated operating income for all segments forthe first quarter of the fiscal year under review fell 42 million yen to 2,167 million yen (down 1.9%) year on
year.
＜Recurring Income and Quarterly Profit Attributable to Owners of Parent＞
Recurring income in the first quarter of the fiscal year under review decreased by 121 million yen to1,947 million yen (down 5.9%) year on year, owing mainly to the fall in operating income. Quarterly profit
attributable to owners of parent in the first quarter of the fiscal year under review fell 11 million yen to
942 million yen (down 1.2%) year on year.
2(2) Details of Consolidated Financial Position
Total assets at the end of the first quarter of the fiscal year under review decreased 8,627 million yen to368,841 million yen (down 2.3%) compared to the end of the previous consolidated fiscal year, mainly due to a
reduction in notes and accounts receivable – trade, as well as cash and deposits.
Liabilities decreased 7,078 million yen to 109,217 million yen (down 6.1%) from the end of the previous
consolidated fiscal year. This was chiefly due to a decrease in accrued income taxes and other accounts payable.
Net assets decreased 1,549 million yen to 259,623 million yen (down 0.6%) compared to the end of theprevious consolidated fiscal year as a result primarily of dividend payments.
(3) Information on the Future Outlook, Including Forecast of Consolidated Financial Results
The Company conducted the business integration with Coca-Cola East Japan Co., Ltd. through a shareexchange and an absorption-type company split on April 1, 2017 with the new company, Coca-Cola Bottlers Japan
Inc., launching as of the same date.
Full-year consolidated performance forecasts of Coca-Cola Bottlers Japan Inc. for the fiscal year ending
December 31, 2017 are currently being developed and shall be announced promptly upon determination.

3

2. Quarterly Consolidated Financial Statements and Main Notes(1) Quarterly Consolidated Balance Sheets(Millions of yen)
As of December 31, 2016
AssetsCurrent assets
Cash and deposits
Trade notes and accounts receivable
Marketable securities
Merchandise and finished goods
Work in process
Raw materials and supplies
Other
Allowance for doubtful accounts
Total current assets
Fixed assets
Property, plant and equipment
Buildings and structures, net
Machinery, equipment and vehicles, net
Sales equipment, net
LandConstruction in progress
Other, net
Total property, plant and equipment
Intangible assets
Goodwill
Other
Total intangible assets
Investments and other assets
Investment securities
Retirement benefit assets
Other
Allowance for doubtful accounts
Total investments and other assets
Total fixed assets
Total assets

4

As of March 31, 2017

63,84929,64923,112
27,279652
1,998
17,333(287)
163,587

64,563
27,83819,005
26,063703
3,741
15,666(243)
157,337

31,162
22,68839,99962,128
5
1,829
157,815

29,672
21,75340,82562,0777
1,744
156,080

22,6684,889
27,55722,216
4,456
26,672

20,144
123
8,760
(519)
28,508
213,881
377,468

20,169
126
8,983
(529)
28,750211,503368,841(Millions of yen)
As of December 31, 2016
Liabilities
Current liabilities
Trade notes and accounts payable
Current portion of long-term borrowings
Accrued income taxes
Other accounts payable
Provision for sales and promotion expenses
Other
Total current liabilities
Non-current liabilities
Bonds payable
Long-term borrowings
Net defined benefit liability
Liabilities for directors' and corporate
auditors' retirement benefits
Other
Total non-current liabilities
Total liabilities
EquityShareholders' equity
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Accumulated other comprehensive income
Net unrealized gains(loss) on othermarketable securities
Deferred gains or losses on hedges
Foreign currency translation adjustments
Remeasurements of defined benefit plans
Total accumulated other comprehensive
incomeNon-controlling interests
Net assets
Total liabilities and equity

5

As of March 31, 201715,99017
5,717
25,042308
8,662
55,73918,70517843
20,344328
9,077
49,31850,000183
3,505

50,000
179
3,443

191

110

6,675
60,556116,295

6,165
59,898109,217

15,231109,072
137,404(4,593)
257,114

15,231109,072
135,726(4,595)
255,435

4,092

4,091

77
(3)
(522)

52
18
(375)

3,643

3,787

414
261,173
377,468400
259,623
368,841

(2) Quarterly Consolidated Statements of Income and Comprehensive Income(Quarterly Consolidated Statements of Income)(First three-month period of a fiscal year)(Millions of yen)Three months ended
March 31, 2016
Net revenues
Cost of goods sold
Gross profit
Selling, general and administrative expenses
Operating income
Non-operating income
Interest income
Dividends income
Share of profit of investees equity-method
Other
Total non-operating income
Non-operating expenses
Interest expense
Loss on disposal of property plant and equipment
Other
Total non-operating expenses
Recurring income
Extraordinary income
Gain on sale of property plant and equipment
Gain on sale of investment securities
Total extraordinary income
Extraordinary expenses
Business integration-related expenses
Total extraordinary losses
Income before income taxes and minority interests
Income taxes - current
Income taxes - deferred
Total income taxes
Net profit
Net profit attributable to non-controlling interests
Net profit attributable to owners of the company

6

Three months ended
March 31, 2017

100,545
48,46952,07649,8662,209

99,14147,17951,962
49,794
2,167

14
23
14
106
159

10
18
40
135
204

118
93
88
299
2,069

113
134
176
424
1,947

－
－
－

42
16
59

－
－
2,069
655
439
1,094
975
21
953

536
536
1,470
663
(150)
513
956
14
942

(Quarterly Consolidated Statements of Comprehensive Income)(First three-month period of a fiscal year)(Millions of yen)Three months ended
March 31, 2016
ProfitOther comprehensive income
Net unrealized gains(loss)on marketablesecurities
Foreign currency translation adjustments
Remeasurements of defined benefit plans, net oftax
Share of other comprehensive income ofinvestees equity-method
Total other comprehensive income
Comprehensive income
Comprehensive income attributable to:
Owners of the company
Non-controlling interests

7

Three months ended
March 31, 2017
975

956

(1,274)

(0)

14

22

166

127

(214)

(5)

(1,308)
(333)

144
1,101

(354)
21

1,086
14

(3) Notes to Quarterly Consolidated Financial Statements(Notes Relating to Assumptions for the Going Concern)
Not applicable.
(Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value)
Not applicable.
(Application of Special Accounting for Preparing the Quarterly Consolidated Financial Statement)
Not applicable.
(Changes in Accounting Policies)(Changes in accounting policies that are difficult to distinguish from changes in accounting estimates, and changes
in accounting estimates)(Change in depreciation method and change in service life)
Previously, the Company and some of its consolidated subsidiaries mainly used the declining balance method to
calculate depreciation of property, plant and equipment (excluding sales equipment and leased assets), but we haveswitched to the straight-line method from the first quarter of the fiscal year under review.
The business integration with Coca-Cola East Japan Co., Ltd. carried out as of April 1, 2017 gives us a stronger
business platform, and by bringing together the know-how in the areas of sales and manufacturing that bothcompanies have cultivated over the past years it will allow us to create an optimal production structure covering awide geographical area. Consequently, as we expect to be able to benefit from the long-term, stable use of property,
plant and equipment (excluding sales equipment and leased assets), using straight-line depreciation to distributethe expense over its service life will appropriately reflect the pattern of consumption of economic benefits for suchproperty, plant and equipment, so we have therefore decided to change our depreciation method to the straight-line
method.
The Company and some of its consolidated subsidiaries also used the opportunity provided by the change in ourdepreciation method to conduct a utilization study. Previously, we had set the key service life of manufacturingmachinery and equipment at 10 years, but as a result of our study we have revised it to 7-20 years – a predictedeconomic life that more accurately reflects the reality of the situation – and have made changes extending into the
future.
We also took the opportunity provided by the change in our depreciation method for property, plant andequipment to devaluate the residual value of property, plant and equipment after the elapse of its service life to anominal value of one yen, from the first quarter of the consolidated fiscal year under review.
Compared to the previous method, the aforementioned changes have resulted in a reduction of operating incomeof 1,011 million yen and reduction in recurring income and income before income taxes and minority interests of
1,034 million yen for the first quarter of this consolidated fiscal year.
Please refer to “2. Quarterly Consolidated Financial Statements and Main Notes (3) Notes to Quarterly
Consolidated Financial Statements (Segment Information)” for the impact on segment information.
(Additional Information)(Application of Implementation Guidance on Recoverability of Deferred Tax Assets)“Implementation Guidance on Recoverability of Deferred Tax Assets” (ASBJ Guidance No. 26 dated March 28,2016) is applied from the first quarter of the consolidated fiscal year under review.

8

(Segment Information)
First three-month period of previous fiscal year (January 1, 2016 – March 31, 2016)
1. Information on net revenues and profits or losses by reported segment(Millions of yen)
Healthcare & skincare
business

Soft drink business

Total

Net revenues
Net revenues-outside
customers
Net revenues andtransfer-inter-segment

92,3808,165

100,545

－

－

－

Total

92,3808,165

100,545

Segment profit

1,400

809

2,209

(Note)Net revenues and Segment profit are equivalent to Net revenues and Operating income in Quarterly
Consolidated Statements of Income, respectively.
First three-month period of this fiscal year under review (January 1, 2017 – March 31, 2017)
1. Information on net revenues and profits or losses by reported segment(Millions of yen)
Healthcare & skincare
business

Soft drink business

Total

Net revenues
Net revenues-outside
customers
Net revenues andtransfer-inter-segment

91,644

7,497

99,141

－

－

－

Total

91,644

7,497

99,141

Segment profit

1,320

846

2,167

(Note) Net revenues and Segment profit are equivalent to Net revenues and Operating income in Quarterly
Consolidated Statements of Income, respectively.
2. Matters relating to changes in the Company’s reported segment(Change in depreciation method and change in service life)
As discussed in “2. Quarterly Consolidated Financial Statements and Main Notes (3) Notes to Quarterly
Consolidated Financial Statements (Changes in Accounting Policies, etc.),” from the first quarter of theconsolidated fiscal year under review the depreciation method for property, plant and equipment (excluding
sales equipment and leased assets) was changed to the straight-line method. The key service life of machineryand equipment has been revised to 7-20 years, and changes have been applied into the future. Furthermore,from the first quarter of the consolidated fiscal year under review the residual value of property, plant andequipment after the elapse of its service life has been devaluated to a nominal value of one yen.
As a result of these changes, compared to the previous method, segment revenue for the first quarter of thisfiscal year has reduced by 976 million yen in the soft drink business and 34 million yen in the healthcare &skincare business.

9Supplemental Information※ 上記計画は、平成26年４月30日付で発表した数値です。

Consolidated Results for the First Quarter 2017

1. Situation of Consolidated Profit and Loss
2. Profits Change Factor (vs. last year)
3. Consolidated Balance Sheet and Change Factor
4. Sales Information
5. Investment, Depreciation
6. Number of Vending Machines, Market Share
7. Home Market Share＜Reference＞
Operating Income Change Factor (vs. last year)

Coca-Cola Bottlers Japan Inc.
(formerly Coca-Cola West Company, Limited)
May 1, 2017

…

…

1
1
2
4
5
5
5

…

6

…
…
…
…
…

1. Situation of Consolidated Profit and Loss
(January 1, 2017 to March 31, 2017)（million yen, %）1Q 2017
actual

1Q 2016
actualvs. last yearchange% change

1Q 2017plan

vs. planchange% change

Net revenues

99,141

100,545(1,403)(1.4)

99,200

(58)

(0.1)

Operating income

2,167

2,209

(42)

(1.9)

2,300

(132)

(5.8)

Recurring income

1,947

2,069

(121)

(5.9)

2,100

(152)

(7.2)

942

953

(11)

(1.2)

800

142

17.8

Profit attributable to owners of parent* The above plan is the estimate based on the consolidated scope of former Coca-Cola West Co., Ltd. accounced as of February 6, 2017.

2. Profits Change Factor (vs. last year)(January 1, 2017 to March 31, 2017)（million yen）

1Q 2017
actual

1Q 2016
actualMain factors for increase/decreasechangeSoft drink business

91,644

92,380(735)

Healthcare and skincare business

7,497

8,165

(668)

Net revenues

99,141

100,545(1,403)

Cost of goods sold47,17948,469(1,289)Gross profit

51,962

52,076(114)

Impact from the soft drink business

SG&A

49,79449,866(71)

Impact from the healthcare and skincare business(773)

Decrease of sales promotion & ad expenses(330)

Decrease in personnel cost

(148)

Decrease of sales commission(133)

Increase of depreciation cost

1,161

Increase of transportation expenses
Impact from the healthcare and skincare business

1,320

1,400

(79)

846

809

37

2,167

2,209

(42)

Non-operating income

204

159

45

Non-operating expenses

424

299

124

1,947

2,069

(121)

Extraordinary income

59

－

59

Extraordinary losses

536－

536 Ｉntegration related expenses

1,470

2,069

(599)

Total income taxes

513

1,094

(581)

Profit

956

975

(18)

Profit attributable to non-controllinginterests

14

21

(6)

Profit attributable to owners of parent

942

953

(11)

Soft drink business
Healthcare and skincare business

Operating income

Recurring income

Profit before income taxes

Supplement-1

659

157
(810)

536

3. Consolidated Balance Sheet and Change Factor(million yen)March.31
2017

Dec. 312016changeMain factors for increase/decrease

157,337

163,587

Cash and deposits

64,563

63,849714

Trade notes and accounts receivable

27,83829,649(1,810)Marketable securities

19,005

23,112(4,107) Decrease by redemption of marketable securities

Merchandise and finished goods

26,06327,279(1,216) Decrease of inventory

Current assets(6,249)

703

652

51

Raw materials and supplies

3,741

1,998

1,742

Other

15,666

17,333(1,667)Work in process

(243)

(287)

43

Fixed assets

211,503

213,881(2,377)

Property, plant and equipment

156,080

157,815(1,734)

Buildings and structures, net
Machinery, equipment and vehicles,net

29,672

31,162(1,490) Change in depreciation method, etc.

21,753

22,688(934) Change in depreciation method, etc.

Sales equipment, net

40,82539,999826

Land62,077

62,128(51)

Allowance for doubtful accounts

7

5

1

Other, net

1,744

1,829

(85)

Intangible assets

26,672

27,557(884)

Goodwill

22,216

22,668(452)

Construction in progress

4,456

4,889

(432)

Investments and other assets

28,75028,508241

Investment securities

20,16920,144

24

Other

126

123

3

Other

Retirement benefit assets

8,983

8,760

222

Allowance for doubtful accounts

(529)

(519)

(9)

368,841

377,468(8,627)

Total assets
有形Supplement-2

(million yen)March. 31
2017

Dec. 312016changeMain factors for increase/decrease

49,31855,739(6,420)Trade notes and accounts payable
Current portion of long-termborrowings
Accrued income taxes

18,705

15,990

2,715

17

17

－

843

5,717

(4,873)

Other accounts payable
Provision for sales and promotion
expenses
Other

20,34425,042(4,697)

328

308

20

9,077

8,662

415

Non-current liabilities

59,89860,556(657)

Bonds payable

50,00050,000

－

179

183

(4)

3,443

3,505

(62)

110

191

(81)

6,165

6,675

(509)

Total liabilities

109,217

116,295(7,078)

Shareholders' equity

255,435

257,114(1,679)

Capital stock

15,231

15,231－

Capital surplus

109,072

109,072

Retained earnings

135,726

137,404

Treasury stock(4,595)(4,593)(2)

Accumulated other comprehensive income

3,787

3,643

144

Net unrealized gains(loss) on othermarketable securities

4,091

4,092

(0)

52

77

(25)

18

(3)

22

(375)

(522)

147

Current liabilities

Long-term borrowings
Net defined benefit liability

Liabilities for directors' andcorporate
Other

Deferred gains or losses on hedges
Foreign currency translation
adjustments
Remeasurements of defined
benefit plans
Non-controlling interests－(1,677) Decrease by dividend payments

400

414

(14)

Total net assets

259,623

261,173(1,549)Total liabilities and equity

368,841

377,468(8,627)

Supplement-3

4. Sales Information(January 1, 2017 to March 31, 2017)<Sales volume by brand>(thousand cases, %)1Q 2017
actual

1Q 2016
actual% change

Coca-Cola

3,701

3,361

10.1

Coca-Cola Zero

1,495

1,533

(2.5)

1,836

1,667

10.2

Georgia

12,62912,751(1.0)

Sokenbicha

1,960

2,041

(3.9)

Aquarius

2,699

2,848

(5.2)

Ayataka

4,282

4,084

4.8

I LOHAS

3,138

3,323

(5.6)

Other

17,801

18,882

(5.7)

Total

49,54350,490(1.9)

Core 8

Fanta

Notes: Sales performances of Shikoku areas are incorporated to each category from 2017 and adjusted retroactively with 2016 sales performances.

<Sales volume by channel>(thousand cases, %)1Q 2017
actual

1Q 2016
actual% change

Vending*1

16,33016,838(3.0)

Supermarket, etc.

*2

14,097

14,294

(1.4)

CVS

*3

7,185

7,220

(0.5)

Retail

*4

2,319

2,387

(2.8)

Food service

*5

6,178

5,832

5.9

Other

3,435

3,918

(12.3)

Total

49,54350,490(1.9)

Notes: Sales performances of Shikoku areas are incorporated to each category from 2017 and adjusted retroactively with 2016 sales performances.
*1
*2
*3

Vending : Retail sales business to distribute products through vending machine to consumers
Supermarket, etc. : Wholesale business for supermarket, drug store, discount store, etc.
CVS : Wholesale business for convenience store chains*4*5

Retail : Wholesale business for grocery stores, liquor shops and other over-the-counter outlets
Food service : Wholesale business in the food-service market such as fast food restaurants, 'family restaurants', etc.

<Sales volume by package>(thousand cases, %)1Q 2017
actual

1Q 2016
actual% change

Small-sized (less than 850ml)
Ｐ Medium-sized (less than 1,500ml)
Ｅ
Ｔ Large-sized (1,500ml or more)
Subtotal

14,82814,472

2.5

526

397

32.4

8,453

9,147

(7.6)

23,80724,017(0.9)

Can13,464

13,726

(1.9)

Other

3,014

3,198

(5.8)

Syrup, powder

9,259

9,549

(3.0)

Total

49,54350,490(1.9)

Notes: Sales performances of Shikoku areas are incorporated to each category from 2017 and adjusted retroactively with 2016 sales performances.

Supplement-4

5. Investment, Depreciation(January 1, 2017 to March 31, 2017)(million yen)

1Q 2017
actual

1Q 2016
actual163

44

Machinery & Equipment

400

191

2,360

3,736

Other

264

499

Total

3,189

4,471

Depreciation

5,241

4,060

Investment

Building & Structure
Sales equipment

6. Number of Vending Machines, Market Share(1) Number of vending machines(thousand units)

March.31
2017

Dec. 312016changeCan vending machine

321

327

(7)

Cup vending machine

20

21

(1)

Total

341

348

(7)

Note: Figures are the combined total of Coca-Cola West Co., Ltd. and its affiliated company Nishinihon Beverage Co., Ltd.,and Shikoku Coca-cola bottling Co.,Ltd. and its affiliated company Shikoku Canteen Co., Ltd.

(2) Market share of vending machines
(%)

2017

2016
－

Out market share

31.0(Source : McNET Inc., May to June)

7. Home Market Share
(January 1, 2017 to March 31, 2017)(%)

1Q 2017
actual

1Q 2016
actual

Total

21.9

23.4

Supermarkets

21.8

23.6

CVS

22.2

23.8

Retail stores

18.0

17.9

Drug stores

21.2

22.9

Discount stores

23.1

23.6

Note: Sales performances of Shikoku areas are incorporated to each category from 2017 and adjusted retroactively with
2016 market share.
(Source : Intage Inc.)

Supplement-5

＜Reference＞ Operating Income Change Factor (vs. last year)(January 1, 2017 to March 31, 2017)

Supplement-6