Coca Cola Bottlers Japan : Revision of Full-Year 2025 Earnings Forecast and Revision of Dividend Forecast (258 3)

To whom it may concern,

Company name Coca-Cola Bottlers Japan Holdings, Inc.

October 31, 2025

Representative Representative Director &

President

(Code No. 2579 TSE Prime Market)

Head of Controllers Senior

Contact Group Division, Finance

(Tel.[phone])

Calin Dragan

Tatsuhiro Ishikawa

Revision of Full-Year 2025 Earnings Forecast and Revision of Dividend Forecast

Coca-Cola Bottlers Japan Holdings Inc. (the "Company") announces a revision to its full-year earnings forecast for the fiscal year ending December 31, 2025, which was previously announced on August 1, 2025, as follows.

In addition, the Company has resolved to revise upward (increase) the dividend forecast for the fiscal year ending December 2025, which was previously announced on February 13, 2025.

1. Revision to earnings forecast

   Revision of consolidated financial forecast for the fiscal year ending December 31, 2025 (January 1, 2025 through December 31, 2025)

   	Revenue	Business income	Operating income (loss)	Income before tax (loss)	Net Income (loss)	Net income attributable to the owners of parent (loss)	Basic earnings per share (loss)
   Previous forecast (A)	million yen 906,100	million yen 23,000	million yen (67,100)	million yen (67,600)	million yen (48,400)	million yen (48,500)	yen (283.51)
   Revised forecast (B)	887,900	24,000	(71,000)	(71,200)	(49,300)	(49,400)	(288.59)
   Difference (B-A)	(18,200)	1,000	(3,900)	(3,600)	(900)	(900)
   Difference (%)	(2.0%)	4.3%	-	-	-	-
   (Reference) Full-year 2024 results	892,681	12,046	13,390	12,896	7,389	7,309	40.76

   (Note) As disclosed in the "Announcement of decision on matters related to Repurchase of treasury shares" dated August 1, 2025, the Company has resolved to repurchase its treasury shares. The basic earnings (loss) per share forecast announced this time takes into account the impact of the repurchase of treasury shares.

   (Reasons for revision of full-year earnings forecast)

   For the nine months ended September 30, 2025, both revenue and business income exceeded the same period of the prior year, showing steady progress. However, revenue is expected to fall below the previous earnings forecast, reflecting the impact of lower demand following the rebound seen in the same period of the prior year in the third quarter (July 1 to September 30, 2025) and the recent consumer environment. However, business income is expected to exceed the previous forecast, mainly due to profitability-focused sales activities and cost savings achieved through transformation. Operating income is projected to fall below the previous forecast as a result of postponing the planned sale of fixed assets to the next fiscal year.

   *Figures in the above forecast are based on information available to management at the time of announcement. Due to inherent uncertainties in the forecast, actual results may differ materially from the forecast.

2. Revision of dividend forecast

	Dividends per share
	2nd quarter	Fiscal year end	Annual
Previous forecast	yen	yen 29.00	yen 57.00
Revised forecast		32.00	60.00
Full-year 2025 results	28.00
Full-year 2024 results	25.00	28.00	53.00

(Reasons for dividend forecast revision)

The Company recognizes that returning profits to shareholders and improving capital efficiency are important management priorities. As announced in the Company's revised full-year earnings forecast released on August 1, 2025, and the above mentioned revision of the full-year earnings forecast, the Company expects Business Income to increase by 4,000 million yen from the original forecast of 20,000 million yen, which was announced on February 13, 2025, to 24,000 million yen. Accordingly, the Company has decided to increase the planned year-end dividend by 3 yen per share compared with the previous forecast.

End