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CocaCola Bottlers Japan, Net Income Forecast for the Fiscal Year Revised Downward to a Loss

Fri Aug 1, 2025 3:30 pm JST Earnings

2579 Coca-Cola Bottlers Japan Holdings Inc. 【IFRS】

Earnings Report

Coca-Cola Bottlers Japan Holdings Inc. <2579> [TSE Prime] announced its financial results (based on IFRS) after the market closed on August 1st (15:30). The consolidated net loss for the cumulative second quarter of the fiscal year ending December 2025 (January to June) expanded to a loss of 65.8 billion yen (compared to a loss of 0.29 billion yen in the same period last year).

In addition, the full-year forecast for consolidated net income/loss has been revised downward from an expected profit of 11.0 billion yen to a loss of 48.5 billion yen (compared to a profit of 7.30 billion yen in the previous period), turning to a loss outlook.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated net income for the July to December period (second half) is expected to surge 2.3 times that of the same period last year, reaching 17.3 billion yen.

In the most recent three-month period, from April to June (2Q), the consolidated net income/loss turned to a loss of 59.4 billion yen (compared to a profit of 2.60 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 1.9% in the same period last year to -36.0%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Jan - Jun, 2023 404,109 -6,529 -6,580 -3,947 -22.0 ー Aug 9, 2023 IFRS
Jan - Jun, 2024 411,455 1,207 873 -297 -1.7 6.8 Aug 2, 2024 IFRS
Jan - Jun, 2025 417,942 -92,170 -92,259 -65,892 -378.0 ー Aug 1, 2025 IFRS
YoY +1.6% － － -22,085.9% -22,810.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jan - Jun, 2025 Guidance ー ー ー ー － 28 Feb 13, 2025 IFRS
Jan - Jun, 2025 Results 417,942 -92,170 -92,259 -65,892 -378.0 28 Aug 1, 2025 IFRS
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2025 Prev 906,100 18,000 17,600 11,000 66.1 57 Feb 13, 2025 IFRS
Dec, 2025 New 906,100 -67,100 -67,600 -48,500 -291.3 57 Aug 1, 2025 IFRS
Revision Rate 0.0% － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Jul - Dec, 2024 481,226 12,183 12,023 7,606 42.4 28 Feb 13, 2025 IFRS
Jul - Dec, 2025 Guidance 488,158 25,070 24,659 17,392 104.5 29 Aug 1, 2025 IFRS
YoY +1.4% +105.8% +105.1% +128.7% +146.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Dec, 2023 868,581 3,441 3,224 1,871 10.4 50 Feb 14, 2024 IFRS
Dec, 2024 892,681 13,390 12,896 7,309 40.8 53 Feb 13, 2025 IFRS
Dec, 2025 Guidance 906,100 -67,100 -67,600 -48,500 -291.3 57 Aug 1, 2025 IFRS
YoY +1.5% － － － －

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Apr - Jun, 2024 224,927 4,277 4,215 2,600 14.4 1.9 Aug 2, 2024 IFRS
Jul - Sep, 2024 265,157 16,385 16,365 10,314 57.4 6.2 Nov 6, 2024 IFRS
Oct - Dec, 2024 216,069 -4,202 -4,342 -2,708 -15.1 -1.9 Feb 13, 2025 IFRS
Jan - Mar, 2025 189,760 -10,069 -10,121 -6,454 -36.7 -5.3 May 1, 2025 IFRS
Apr - Jun, 2025 228,182 -82,101 -82,138 -59,438 -341.0 -36.0 Aug 1, 2025 IFRS
YoY +1.4% － － － －

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