Komori
Earnings presentation2579Coca-Cola Bottlers Japan Holdings Inc.Foods

FY2026 Third-Quarter Earnings Briefing

For January–September 2026, sales revenue and sales volume fell below the prior-year levels, while operating profit increased by ¥7.9 billion, driven by price revisions, transformation benefits, and controls on promotional and manufacturing costs. The full-year operating profit target of ¥35 billion was maintained, and the company also announced plans to cancel 7 million treasury shares in November.

Worth reading
76Important
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
79
¥100 million (year-on-year increase in business profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationQ3 FY202611 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥673,935 million-1.4%
Operating profit¥33,775 million
Net income¥19,623 million
Selling, general and administrative expenses¥271,621 million
Results for the three months of the current quarter
Revenue
¥250,744 million-5.6%
Business profit
¥24,186 million+5.5%
Operating profit
¥24,677 million+11.6%
Profit for the period attributable to owners of the parent
¥14,845 million-13.5%
Sales volume
142 million cases-5.8%
Full-year earnings forecast
Business profit
350 Hundreds of millions of yen
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Volume, price/mix effects, etc.-5 Hundreds of millions of yen
  • Transformation41 Hundreds of millions of yen
  • DME (promotional expenses)17 Hundreds of millions of yen
  • Manufacturing (excluding power costs)1 Hundreds of millions of yen
  • Other44 Hundreds of millions of yen
  • Commodity market effects and power costs-19 Hundreds of millions of yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
  • October sales volume
    AssumptionExpected to remain within a low-single-digit percentage decline versus the prior year
  • Additional costs through year-end due to the situation in the Middle East
    AssumptionExpected to be ¥2–4 billion
New initiatives
  • Cancel 7 million treasury shares in November
  • Expand the scope of vending machine assortment optimization using AI and data
  • Begin phased operations at 2 integrated-function logistics centers
  • Prepare to commence operations of a new aseptic production line at the Saitama Plant
  • Collaboration campaign with “Pokémon GO” through Coke ON
  • Fourth-quarter Coca-Cola, Georgia and tea campaigns
Key KPIsA metric the company considers important as a management benchmark.
  • Sales volume376 million cases
    Year on year against the same period last year-1.4%
  • Carbonated beverage sales volume373 million cases
    Year on year against the same period last year-1.2%
  • Value share (total channel)0.7 Year-on-year change percentage points
  • Volume share (total channel)0.6 Year-on-year change percentage points
  • Small PET bottle retail price¥1.9 /bottle vs. prior year
  • Large PET bottle retail price¥0.3 /bottle vs. prior year
  • Employee participation rate in social contribution activities26 %
  • Percentage of Female Managers11.8 %
  • Paid leave utilization rate58.9 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • Vending
    Year-on-year change in volume-4
    Volume unit%
    Year-on-year change in net selling price per case33
    Net selling price unitYen
  • Supermarkets
    Year-on-year change in volume-4
    Volume unit%
    Year-on-year change in net selling price per case33
    Net selling price unitYen
  • Drugstores and mass retailers
    Year-on-year change in volume0
    Volume unitIn line with the prior-year period
    Year-on-year change in net selling price per case32
    Net selling price unitYen
  • Convenience stores
    Year-on-year change in volume-6
    Volume unit%
    Year-on-year change in net selling price per case72
    Net selling price unitYen
  • Retail
    Year-on-year change in volume4
    Volume unit%
    Year-on-year change in net selling price per case79
    Net selling price unitYen
  • Online
    Year-on-year change in volume5
    Volume unit%
    Year-on-year change in net selling price per case-37
    Net selling price unitYen
  • Food service
    Year-on-year change in volume7
    Volume unit%
    Year-on-year change in net selling price per case27
    Net selling price unitYen
Segment results
Vending business
Revenue
¥293,796 million-3.9%
Segment profit
¥14,830 million+78.5%
Sales volume
81 million cases-3.8%
OTC business
Revenue
¥320,700 million-0.2%
Segment profit
¥44,300 million+9.4%
Sales volume
241 million cases-2.2%
Food Service Business
Revenue
¥36,413 million+9.3%
Segment profit
¥6,113 million-3.6%
Sales volume
54 million cases+6.7%
Other
Revenue
¥23,026 million-1.0%
Segment profit
¥-32,919 million
Medium-term management plan targets
2030 target
Employee participation rate in social contribution activities20% or higher
Product donation rate to food banks75%
Percentage of Female Managers20%
Paid leave utilization rate70%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
¥2–4 billion
DetailsAdditional costs through year-end due to the situation in the Middle East
Market Size / Share
Value share+0.7 percentage points
Volume share+0.6 percentage points
Vending value share+0.6 percentage points
Vending volume share+1.8 percentage points
OTC value share-0.2 percentage points
OTC volume share-0.1 percentage points
Capital expenditures
126 Hundreds of millions of yen
Acquisition of treasury shares
Buyback limit¥40 billion
PeriodFrom November
Repurchased
¥30 billion
SituationCompleted as planned
Cancellation of Treasury Shares
Number of Shares7 million shares
TimingNovember
Percentage of total issued shares4.1%
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredQ3 FY2026
Net Sales¥673,935 million (YoY -1.4%)
Operating profit¥33,775 million
Net income¥19,623 million
Selling, general and administrative expenses¥271,621 million
Results for the three months of the current quarterRevenue ¥250,744 million (YoY -5.6%) / Business profit ¥24,186 million (YoY +5.5%) / Operating profit ¥24,677 million (YoY +11.6%) / Profit for the period attributable to owners of the parent ¥14,845 million (YoY -13.5%) / Sales volume 142 million cases (YoY -5.8%)
Full-year earnings forecastBusiness profit 350 Hundreds of millions of yen / Other items Not disclosed
Segment resultsVending business Revenue ¥293,796 million (YoY -3.9%) / Segment profit ¥14,830 million (YoY +78.5%) / Sales volume 81 million cases (YoY -3.8%) / OTC business Revenue ¥320,700 million (YoY -0.2%) / Segment profit ¥44,300 million (YoY +9.4%) / Sales volume 241 million cases (YoY -2.2%) / Food Service Business Revenue ¥36,413 million (YoY +9.3%) / Segment profit ¥6,113 million (YoY -3.6%) / Sales volume 54 million cases (YoY +6.7%) / Other Revenue ¥23,026 million (YoY -1.0%) / Segment profit ¥-32,919 million
Breakdown of Factors Affecting the ChangeFactors Volume, price/mix effects, etc. / Amount -5 Hundreds of millions of yen, Factors Transformation / Amount 41 Hundreds of millions of yen, Factors DME (promotional expenses) / Amount 17 Hundreds of millions of yen, Factors Manufacturing (excluding power costs) / Amount 1 Hundreds of millions of yen, Factors Other / Amount 44 Hundreds of millions of yen, Factors Commodity market effects and power costs / Amount -19 Hundreds of millions of yen
Key KPIsIndicator name Sales volume / Value 376 million cases / Year on year against the same period last year -1.4 million cases, Indicator name Carbonated beverage sales volume / Value 373 million cases / Year on year against the same period last year -1.2 million cases, Indicator name Value share (total channel) / Value 0.7 Year-on-year change (percentage points) / Year on year against the same period last year Not disclosed, Indicator name Volume share (total channel) / Value 0.6 Year-on-year change (percentage points) / Year on year against the same period last year Not disclosed, Indicator name Small PET bottle retail price / Value ¥1.9 /bottle vs. prior year / Year on year against the same period last year Not disclosed, Indicator name Large PET bottle retail price / Value ¥0.3 /bottle vs. prior year / Year on year against the same period last year Not disclosed, Indicator name Employee participation rate in social contribution activities / Value 26 % / Year on year against the same period last year Not disclosed, Indicator name Percentage of Female Managers / Value 11.8 % / Year on year against the same period last year Not disclosed, Indicator name Paid leave utilization rate / Value 58.9 % / Year on year against the same period last year Not disclosed
Unit price and quantity metricsCategory Vending / Year-on-year change in volume -4 / Volume unit % / Year-on-year change in net selling price per case 33 / Net selling price unit Yen, Category Supermarkets / Year-on-year change in volume -4 / Volume unit % / Year-on-year change in net selling price per case 33 / Net selling price unit Yen, Category Drugstores and mass retailers / Year-on-year change in volume 0 / Volume unit In line with the prior-year period / Year-on-year change in net selling price per case 32 / Net selling price unit Yen, Category Convenience stores / Year-on-year change in volume -6 / Volume unit % / Year-on-year change in net selling price per case 72 / Net selling price unit Yen, Category Retail / Year-on-year change in volume 4 / Volume unit % / Year-on-year change in net selling price per case 79 / Net selling price unit Yen, Category Online / Year-on-year change in volume 5 / Volume unit % / Year-on-year change in net selling price per case -37 / Net selling price unit Yen, Category Food service / Year-on-year change in volume 7 / Volume unit % / Year-on-year change in net selling price per case 27 / Net selling price unit Yen
Assumptions Underlying the Business OutlookItem October sales volume / Assumption Expected to remain within a low-single-digit percentage decline versus the prior year, Item Additional costs through year-end due to the situation in the Middle East / Assumption Expected to be ¥2–4 billion
Risk amount incorporated into the outlookAmount ¥2–4 billion / Details Additional costs through year-end due to the situation in the Middle East
Medium-term management plan targetsVision 2030 Not disclosed / 2030 target Employee participation rate in social contribution activities 20% or higher / Product donation rate to food banks 75% / Percentage of Female Managers 20% / Paid leave utilization rate 70%
Acquisition of treasury sharesBuyback limit ¥40 billion / Period From November / Repurchased Amount ¥30 billion / Situation Completed as planned / Cancellation of Treasury Shares Number of Shares 7 million shares / Timing November / Percentage of total issued shares 4.1%
Capital expenditures126 Hundreds of millions of yen
Market Size / ShareValue share +0.7 percentage points / Volume share +0.6 percentage points / Vending value share +0.6 percentage points / Vending volume share +1.8 percentage points / OTC value share -0.2 percentage points / OTC volume share -0.1 percentage points
New initiativesCancel 7 million treasury shares in November, Expand the scope of vending machine assortment optimization using AI and data, Begin phased operations at 2 integrated-function logistics centers, Prepare to commence operations of a new aseptic production line at the Saitama Plant, Collaboration campaign with “Pokémon GO” through Coke ON, Fourth-quarter Coca-Cola, Georgia and tea campaigns
Items this document does not state (12)
Ordinary incomeGross profitOperating profit marginProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesFinancial targetsAnnual DividendPayout ratioOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company explained that improved net selling prices per case resulting from price revisions, transformation benefits, flexible controls on promotional expenses, cost reductions at manufacturing sites, and company-wide cost reductions contributed to the increase in profit. Factors reducing profit included lower sales volume and a worsening channel mix due to adverse weather, higher costs due to yen depreciation, and market conditions affected by the situation in the Middle East.

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FY2026 Third-Quarter Earnings Briefing | Coca-Cola Bottlers Japan Holdings Inc. (2579) timely disclosure | Komori