HOKKAIDO COCA-COLA BOTTLING CO.,LTD., January-September (Third Quarter Cumulative) Ordinary Profit Increases by 15%, Exceeds Full-Year Plan

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Mon Nov 11, 2024 4:00 pm JST Earnings

2573 HOKKAIDO COCA-COLA BOTTLING CO.,LTD. 【J-GAAP】

Earnings Report

HOKKAIDO COCA-COLA BOTTLING CO.,LTD. <2573> [TSE-S] announced its financial results after the market closed on November 11th (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending December 2024 (January to September) increased by 15.0% from the same period last year, reaching 2.14 billion yen. The progress rate against the full-year plan of 2 billion yen is 107.1%, already exceeding the target and also exceeding the five-year average of 92.7%.

Based on the third-quarter cumulative performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the October to December period (4Q) is expected to nearly flat at loss of 142 million yen (compared to a loss of 136 million yen in the same period last year).

In the most recent three-month period, from July to September (3Q), the consolidated ordinary profit decreased to 1.1 billion yen, a 8.3% decrease compared to the same period last year. The operating profit margin worsened from 7.2% in the same period last year to 6.8%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Jan - Sep, 2022	38,897	567	758	476	35.0	91.0	Nov 11, 2022	J-GAAP
Jan - Sep, 2023	43,300	1,847	1,863	1,441	106.0	107.9	Nov 10, 2023	J-GAAP
Jan - Sep, 2024	43,224	2,120	2,142	1,519	111.7	107.1	Nov 11, 2024	J-GAAP
YoY	-0.2%	+14.8%	+15.0%	+5.4%	+5.4%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Jul - Dec, 2023	29,612	1,061	1,066	863	63.5	15	Feb 9, 2024	J-GAAP
Jul - Dec, 2024 Guidance	30,495	984	960	542	39.8	15	Aug 8, 2024	J-GAAP
YoY	+3.0%	-7.3%	-9.9%	-37.2%	-37.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Dec, 2022	51,605	608	833	556	40.9	30	Feb 10, 2023	J-GAAP
Dec, 2023	56,371	1,725	1,727	1,312	96.5	30	Feb 9, 2024	J-GAAP
Dec, 2024 Guidance	57,600	2,000	2,000	1,300	95.5	30	Feb 9, 2024	J-GAAP
YoY	+2.2%	+15.9%	+15.8%	-0.9%	-1.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	16,541	1,183	1,202	992	72.9	7.2	Nov 10, 2023	J-GAAP
Oct - Dec, 2023	13,071	-122	-136	-129	-9.5	-0.9	Feb 9, 2024	J-GAAP
Jan - Mar, 2024	12,437	160	182	174	12.9	1.3	May 10, 2024	J-GAAP
Apr - Jun, 2024	14,668	856	858	584	42.9	5.8	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	16,119	1,104	1,102	761	56.0	6.8	Nov 11, 2024	J-GAAP
YoY	-2.6%	-6.7%	-8.3%	-23.3%	-23.3%