Financials Coca-Cola Bottlers Japan Holdings Inc.

Equities

2579

JP3293200006

Non-Alcoholic Beverages

Delayed Japan Exchange Other stock markets 09:24:15 2025-06-12 pm EDT			5-day change	1st Jan Change
2,348.00 ^JPY	+0.32%		-1.70%	-6.27%

May. 05	Coca-Cola Bottlers Japan Buys Back 1.3 Million Shares in April	MT
May. 01	Coca-Cola Bottlers Japan Holdings Inc., Q1 2025 Earnings Call, May 01, 2025

Projected Income Statement: Coca-Cola Bottlers Japan Holdings Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	791,956	785,837	807,430	868,581	892,681	909,354	919,162	928,106
Change	-	-0.77%	2.75%	7.57%	2.77%	1.87%	1.08%	0.97%
EBITDA ¹	47,861	36,189	34,273	49,901	58,850	65,244	72,698	77,943
Change	-	-24.39%	-5.29%	45.6%	17.93%	10.87%	11.42%	7.21%
EBIT ¹	-11,722	-20,971	-11,513	3,441	13,390	21,669	29,460	34,400
Change	-	-78.9%	45.1%	129.89%	289.13%	61.83%	35.95%	16.77%
Interest Paid ¹	-1,110	-1,089	-1,242	-753	-832	-650	-650	-650
Earnings before Tax (EBT) ¹	-12,065	-21,683	-12,491	3,224	12,896	20,911	29,084	34,062
Change	-	-79.72%	42.39%	125.81%	300%	62.15%	39.08%	17.11%
Net income ¹	-4,715	-2,503	-8,070	1,871	7,309	13,476	18,898	22,147
Change	-	46.91%	-222.41%	123.18%	290.65%	84.37%	40.24%	17.19%
Announcement Date	2/10/21	2/10/22	2/9/23	2/14/24	2/13/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4
Net sales ¹	198,715	187,964	230,095	175,182	168,399	200,910	220,222	196,306	168,853	207,095	236,373	195,109	182,063	222,046	259,715	204,757	186,528	224,927	265,158	216,068	189,760	228,300	269,300	218,000
Change	-	-5.41%	22.41%	-23.87%	-3.87%	19.31%	9.61%	-10.86%	-13.98%	22.65%	14.14%	-17.46%	-6.69%	21.96%	16.96%	-21.16%	-8.9%	20.59%	17.89%	-18.51%	-12.18%	20.31%	17.96%	-19.05%
EBITDA	-	-	-	-	-	-	12,463	13,084	-	6,604	18,904	7,076	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	4.98%	-	-	186.25%	-62.57%	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	-7,881	-5,229	6,776	-5,388	-15,142	-3,108	-1,728	-993	-9,670	-4,761	7,378	-4,460	-9,160	2,631	12,650	-2,680	-3,070	4,277	16,385	-4,202	-10,069	-	-	-
Change	-	33.65%	229.59%	-179.52%	-181.03%	79.47%	44.4%	42.53%	-873.82%	50.77%	254.97%	-160.45%	-105.38%	128.72%	380.81%	-121.19%	-14.55%	239.32%	283.1%	-125.65%	-139.62%	-	-	-
Charge d'intérêts	-276	-	-283	-	-340	-	-229	-	-381	-	-221	-	-162	-	-207	-	-403	-	-36	-	-161	-	-	-
Earnings before Tax (EBT)	-8,063	-5,182	6,699	-5,519	-15,414	-3,061	-1,920	-1,288	-10,031	-5,090	7,174	-4,544	-9,151	2,571	12,527	-	-3,342	-	16,365	-	-10,121	-	-	-
Change	-	35.73%	229.27%	-182.39%	-179.29%	80.14%	37.28%	32.92%	-678.8%	49.26%	240.94%	-163.34%	-101.39%	128.1%	387.24%	-	-	-	-	-	-	-	-	-
Net income ¹	-5,690	-762	1,808	-71	1,316	-1,670	-1,181	-968	-6,568	-3,331	4,705	-2,876	-6,459	2,512	7,808	-1,990	-2,897	2,600	10,314	-2,708	-6,454	4,200	11,857	520
Change	-	86.61%	337.27%	-103.93%	1,953.52%	-226.9%	29.28%	18.04%	-578.51%	49.28%	241.25%	-161.13%	-124.58%	138.89%	210.83%	-125.49%	-45.58%	189.75%	296.69%	-126.26%	-138.33%	165.08%	182.31%	-95.61%
Announcement Date	5/13/20	8/12/20	11/12/20	2/10/21	5/14/21	8/11/21	11/11/21	2/10/22	5/12/22	8/10/22	11/10/22	2/9/23	5/12/23	8/9/23	11/9/23	2/14/24	5/8/24	8/2/24	11/6/24	2/13/25	5/1/25	-	-	-

¹JPY in Million

Estimates

Fiscal Period: December	2021 S1	2022 S1	2023 S1	2024 S1
Net sales ¹	369,309	375,948	404,109	411,455
Change	-	1.8%	7.49%	1.82%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	-18,250	-14,431	-6,529	1,207
Change	-	20.93%	54.76%	118.49%
Charge d'intérêts ¹	-497	-852	-328	-621
Earnings before Tax (EBT) ¹	-18,475	-15,121	-6,580	873
Change	-	18.15%	56.48%	113.27%
Net income ¹	-354	-9,899	-3,947	-297
Change	-	-2,696.33%	60.13%	92.48%
Announcement Date	8/11/21	8/10/22	8/9/23	8/2/24

¹JPY in Million

Estimates

Forecast Balance Sheet: Coca-Cola Bottlers Japan Holdings Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	155,213	103,627	95,895	67,737	54,191	57,347	47,389	40,901
Change	-	-33.24%	-7.46%	-29.36%	-20%	5.82%	-17.36%	-13.69%
Announcement Date	2/10/21	2/10/22	2/9/23	2/14/24	2/13/25	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Coca-Cola Bottlers Japan Holdings Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	65,521	39,263	42,540	31,624	28,158	34,233	33,125	33,125
Change	-	-40.08%	8.35%	-25.66%	-10.96%	21.58%	-3.24%	0%
Free Cash Flow (FCF) ¹	-21,805	20,711	19,627	44,815	32,755	23,129	30,928	34,541
Change	-	194.98%	-5.23%	128.33%	-26.91%	-29.39%	33.72%	11.68%
Announcement Date	2/10/21	2/10/22	2/9/23	2/14/24	2/13/25	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Coca-Cola Bottlers Japan Holdings Inc.

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	6.04%	4.61%	4.24%	5.75%	6.59%	7.17%	7.91%	8.4%
EBIT Margin (%)	-1.48%	-2.67%	-1.43%	0.4%	1.5%	2.38%	3.21%	3.71%
EBT Margin (%)	-1.52%	-2.76%	-1.55%	0.37%	1.44%	2.3%	3.16%	3.67%
Net margin (%)	-0.6%	-0.32%	-1%	0.22%	0.82%	1.48%	2.06%	2.39%
FCF margin (%)	-2.75%	2.64%	2.43%	5.16%	3.67%	2.54%	3.36%	3.72%
FCF / Net Income (%)	462.46%	-827.45%	-243.21%	2,395.24%	448.15%	171.64%	163.66%	155.96%
Profitability
ROA	-1.28%	-2.4%	-1.47%	0.39%	1.56%	2.13%	2.77%	3.43%
ROE	-0.9%	-0.5%	-1.7%	0.4%	1.6%	2.88%	4.06%	4.96%
Financial Health
Leverage (Debt/EBITDA)	3.24x	2.86x	2.8x	1.36x	0.92x	0.88x	0.65x	0.52x
Debt / Free cash flow	-7.12x	5x	4.89x	1.51x	1.65x	2.48x	1.53x	1.18x
Capital Intensity
CAPEX / Current Assets (%)	8.27%	5%	5.27%	3.64%	3.15%	3.76%	3.6%	3.57%
CAPEX / EBITDA (%)	136.9%	108.49%	124.12%	63.37%	47.85%	52.47%	45.57%	42.5%
CAPEX / FCF (%)	-300.49%	189.58%	216.74%	70.57%	85.97%	148.01%	107.1%	95.9%
Items per share
Cash flow per share ¹	305.9	304.8	210.3	269.4	294.2	343.9	385.1	427.6
Change	-	-0.38%	-30.99%	28.12%	9.21%	16.88%	11.97%	11.05%
Dividend per Share ¹	25	50	50	50	53	57.17	61.67	66.33
Change	-	100%	0%	0%	6%	7.86%	7.87%	7.57%
Book Value Per Share ¹	2,797	2,745	2,655	2,618	2,624	2,720	2,762	2,810
Change	-	-1.86%	-3.27%	-1.39%	0.2%	3.68%	1.56%	1.72%
EPS ¹	-26.29	-13.96	-45	10.43	40.76	77.58	112.1	134.5
Change	-	46.9%	-222.35%	123.18%	290.8%	90.33%	44.55%	19.96%
Nbr of stocks (in thousands)	179,349	179,345	179,341	179,432	181,543	171,902	171,902	171,902
Announcement Date	2/10/21	2/10/22	2/9/23	2/14/24	2/13/25	-	-	-