1. |
Consolidated Financial Summary for the Third Quarter Ended September 30, 2017
|
2. |
Press release titled “Notice Regarding a Corporate Split-Off (Simplified/Abbreviated Split-Off),” dated October 27, 2017
|
3.
|
Press release titled “Notice on the organizational restructuring of CCBJI group and change of trade names of CCBJI and its subsidiary,” dated October 27, 2017
|
|
Coca-Cola Bottlers Japan Inc.
|
|
|
|
|
|
|
|
By:
|
/s/ Tamio Yoshimatsu
|
|
|
Name:
|
Tamio Yoshimatsu
|
|
|
Title:
|
Representative Director & President
|
|
|
|
|
|
![]() |
Consolidated Financial Summary for
the Third Quarter Ended September 30, 2017 (Japanese Standard)
|
![]() |
Listed company name: Coca-Cola Bottlers Japan Inc.
|
Listed stock exchanges: Tokyo and Fukuoka
|
||
Code number: 2579
|
URL: https://en.ccbji.co.jp
|
||
Delegate:
|
Title: Representative Director & President
|
Name: Tamio Yoshimatsu
|
|
Contact:
|
Title: Leader, Finance Controller Group
|
Name: Masakiyo Uike
|
Phone: +81-3-6896-1707
|
Expected date of quarterly report submission: November 10, 2017
|
Expected date of the dividend payments: -
|
||
FY 2017 3Q supplementary information: Yes
|
|||
FY 2017 3Q financial presentation: Yes
|
1. |
Consolidated financial results for the 3rd quarter 2017 (from January 1, 2017 to September 30, 2017)
|
(1)
|
Consolidated financial results
|
Net revenues
|
Operating income
|
Recurring income
|
Net profit attributable to shareholders of parent
|
|||||
million yen
|
%
|
million yen
|
%
|
million yen
|
%
|
million yen
|
%
|
|
3nd quarter 2017
|
645,088
|
82.4
|
38,606
|
102.9
|
37,876
|
106.7
|
23,797
|
123.9
|
3nd quarter 2016
|
353,710
|
7.3
|
19,025
|
65.3
|
18,320
|
62.2
|
10,627
|
(25.9)
|
Note:
|
Comprehensive income
|
3Q 2017: 26,707 million yen 228.5%
|
3Q 2016:8,129 million yen (44.1)%
|
Earnings
per share |
Diluted earnings
per share |
||
yen
|
yen
|
||
3nd quarter 2017
|
143.17
|
-
|
|
3nd quarter 2016
|
97.37
|
-
|
(2) |
Consolidated financial position
|
Total assets
|
Net assets
|
Net assets (excl. minority interests) to total assets
|
|
As of
|
million yen
|
million yen
|
%
|
3nd quarter 2017
|
889,577
|
622,831
|
69.9
|
Full year 2016
|
377,468
|
261,173
|
69.1
|
3Q 2017: 621,853 million yen
|
End of 2016: 260,758 million yen
|
2. |
Dividends
|
Dividends per share
|
|||||
(Record date)
|
End of 1Q
|
End of 2Q
|
End of 3Q
|
Year-end
|
Annual
|
Year ended
|
yen
|
yen
|
yen
|
yen
|
yen
|
Full year 2016
|
-
|
22.00
|
-
|
24.00
|
46.00
|
Full year 2017
|
-
|
22.00
|
-
|
||
Full year 2017 (forecast)
|
|
22.00
|
44.00
|
Note:
|
Revisions to the cash dividends forecasts most recently announced: None
|
End of 2Q FY 2016 dividend
|
: an ordinary dividend of 21.00 yen, a commemorative dividend of 1.00 yen
|
FY 2016 ending dividend
|
: an ordinary dividend of 23.00 yen, a commemorative dividend of 1.00 yen
|
Net revenues
|
Operating income
|
Recurring income
|
Net profit
attributable to shareholders of
parent
|
Earnings
per share
|
|||||
|
million yen
|
%
|
million yen
|
%
|
million yen
|
%
|
million yen
|
%
|
Yen
|
Full year 2017
|
906,500
|
96.9
|
40,100
|
89.7
|
38,100
|
84.9
|
21,500
|
309.9
|
122.85 |
Note:
|
Revisions to the forecasts of consolidated financial results most recently announced: None
|
(1)
|
Changes in significant subsidiaries during the current period
|
: Yes
|
|||
(changes in specified subsidiaries resulting in change in scope of consolidation)
|
|||||
Newly included: One (Coca-Cola East Japan Co., Ltd.)
|
Excluded: None
|
||||
Note:
|
Please refer to “2. Quarterly Consolidated Financial Statements (3) Notes to Quarterly Consolidated Financial Statements (Change in Significant Subsidiaries during the Current Period)” on page 8 for details.
|
||||
(2)
|
Application of special accounting for preparing the quarterly consolidated financial statement
|
: None
|
|||
(3)
|
Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements after error corrections
|
||||
1) Changes in accounting policies due to revisions to accounting standards and other regulations
|
: None
|
||||
2) Changes other than those in 1) above
|
: Yes
|
||||
3) Changes in accounting estimates
|
: Yes
|
||||
4) Restatement of prior period financial statements after error corrections
|
: None
|
||||
(4)
|
Number of outstanding shares (common shares)
|
||||
1) Number of outstanding shares at the end of period (including treasury shares):
|
|||||
3Q 2017: 206,268,593 shares
|
FY 2016: 111,125,714 shares
|
||||
2) Number of treasury shares at the end of period:
|
|||||
3Q 2017: 2,012,035 shares
|
FY 2016: 1,989,069 shares
|
||||
3) Average number of outstanding shares at end of period (nine months):
|
|||||
3Q 2017: 166,211,884 shares
|
3Q 2016: 109,138,069 shares
|
||||
Note:
|
The total number of outstanding shares increased by 95,142,879 to 206,268,593 as of April 1, 2017 in connection with the integration with Coca-Cola East Japan Co., Ltd.
|
||||
* |
These Consolidated Financial Results are not subject to quarterly review procedures.
|
* |
Explanation regarding appropriate use of the forecast, other special instructions
|
1.
|
Qualitative Information on the Financial Summary for this Quarter
|
||
(1)
|
Details of Consolidated Financial Results
|
2
|
|
(2)
|
Details of Consolidated Financial Position
|
3
|
|
(3)
|
Information on the Future Outlook, Including Forecast of Consolidated Financial Results
|
3
|
|
2.
|
Quarterly Consolidated Financial Statements
|
||
(1)
|
Quarterly Consolidated Balance Sheets
|
4
|
|
(2)
|
Quarterly Consolidated Statements of Income and Comprehensive Income
|
6
|
|
Quarterly Consolidated Statements of Income
|
6
|
||
Quarterly Consolidated Statements of Comprehensive Income
|
7
|
||
(3)
|
Notes to Quarterly Consolidated Financial Statements
|
8
|
|
(Notes Relating to Assumptions for the Going Concern)
|
8
|
||
(Change in Significant Subsidiaries during the Current Period)
|
8
|
||
(Notes for Case Where Shareholders’ Equity underwent Significant Changes in Value)
|
8
|
||
(Application of Special Accounting for Preparing the Quarterly Consolidated Financial Statement)
|
8
|
||
(Changes in Accounting Policies, etc.)
|
8
|
||
(Additional Information)
|
9
|
||
(Segment Information)
|
9
|
As of December 31, 2016
|
As of September 30, 2017
|
|||||||
Assets
|
||||||||
Current assets
|
||||||||
Cash and deposits
|
63,849
|
91,849
|
||||||
Trade notes and accounts receivable
|
29,649
|
82,205
|
||||||
Marketable securities
|
23,112
|
13,000
|
||||||
Merchandise and finished goods
|
27,279
|
54,968
|
||||||
Work in process
|
652
|
596
|
||||||
Raw materials and supplies
|
1,998
|
10,114
|
||||||
Other
|
17,333
|
40,624
|
||||||
Allowance for doubtful accounts
|
(287
|
)
|
(428
|
)
|
||||
Total current assets
|
163,587
|
292,931
|
||||||
Fixed assets
|
||||||||
Property, plant and equipment
|
||||||||
Buildings and structures, net
|
31,162
|
73,233
|
||||||
Machinery, equipment and vehicles, net
|
22,688
|
66,154
|
||||||
Sales equipment, net
|
39,999
|
110,409
|
||||||
Land
|
62,128
|
151,892
|
||||||
Construction in progress
|
5
|
259
|
||||||
Other, net
|
1,829
|
5,462
|
||||||
Total property, plant and equipment
|
157,815
|
407,410
|
||||||
Intangible assets
|
||||||||
Goodwill
|
22,668
|
78,012
|
||||||
Franchise intangible
|
-
|
50,748
|
||||||
Other
|
4,889
|
14,981
|
||||||
Total intangible assets
|
27,557
|
143,743
|
||||||
Investments and other assets
|
||||||||
Investment securities
|
20,144
|
30,581
|
||||||
Retirement benefit assets
|
123
|
135
|
||||||
Other
|
8,760
|
15,499
|
||||||
Allowance for doubtful accounts
|
(519
|
)
|
(724
|
)
|
||||
Total investments and other assets
|
28,508
|
45,491
|
||||||
Total fixed assets
|
213,881
|
596,645
|
||||||
Total assets
|
377,468
|
889,577
|
As of December 31, 2016
|
As of September 30, 2017
|
|||||||
Liabilities
|
|
|||||||
Current liabilities
|
||||||||
Trade notes and accounts payable
|
15,990
|
44,114
|
||||||
Current portion of long-term borrowings
|
17
|
2,138
|
||||||
Accrued income taxes
|
5,717
|
8,201
|
||||||
Other accounts payable
|
25,042
|
53,134
|
||||||
Provision for sales and promotion expenses
|
308
|
405
|
||||||
Provision for bonuses
|
-
|
3,354
|
||||||
Provision for directors’ bonuses
|
-
|
101
|
||||||
Provision for environmental measures
|
-
|
163
|
||||||
Other
|
8,662
|
20,899
|
||||||
Total current liabilities
|
55,739
|
132,513
|
||||||
Non-current liabilities
|
|
|||||||
Bonds payable
|
50,000
|
66,000
|
||||||
Long-term loans payable
|
183
|
12,719
|
||||||
Net defined benefit liability
|
3,505
|
24,932
|
||||||
Liabilities for directors’ and corporate auditors’ retirement benefits
|
191
|
223
|
||||||
Provision for environmental measures
|
-
|
90
|
||||||
Other
|
6,675
|
30,265
|
||||||
Total non-current liabilities
|
60,556
|
134,232
|
||||||
Total liabilities
|
116,295
|
266,745
|
||||||
Equity
|
||||||||
Shareholders’ equity
|
||||||||
Capital stock
|
15,231
|
15,231
|
||||||
Capital surplus
|
109,072
|
450,639
|
||||||
Retained earnings
|
137,404
|
154,088
|
||||||
Treasury stock
|
(4,593
|
)
|
(4,677
|
)
|
||||
Total shareholders’ equity
|
257,114
|
615,282
|
||||||
Accumulated other comprehensive income
|
||||||||
Net unrealized gains(loss) on other marketable securities
|
4,092
|
6,051
|
||||||
Deferred gains or losses on hedges
|
77
|
560
|
||||||
Foreign currency translation adjustments
|
(3
|
)
|
14
|
|||||
Remeasurements of defined benefit plans
|
(522
|
)
|
(57
|
)
|
||||
Total accumulated other comprehensive income
|
3,643
|
6,570
|
||||||
Non-controlling interests
|
414
|
978
|
||||||
Net assets
|
261,173
|
622,831
|
||||||
Total liabilities and equity
|
377,468
|
889,577
|
(2) |
Quarterly Consolidated Statements of Income and Comprehensive Income
|
Nine months ended
September 30, 2016
|
Nine months ended
September 30, 2017
|
|||||||
Net revenues
|
353,710
|
645,088
|
||||||
Cost of goods sold
|
170,213
|
310,837
|
||||||
Gross profit
|
183,497
|
334,250
|
||||||
Selling, general and administrative expenses
|
164,471
|
295,644
|
||||||
Operating income
|
19,025
|
38,606
|
||||||
Non-operating income
|
||||||||
Interest income
|
37
|
15
|
||||||
Dividends income
|
226
|
278
|
||||||
Share of profit of investees equity-method
|
39
|
-
|
||||||
Rent income
|
94
|
246
|
||||||
Gain on sales of valuable wastes
|
84
|
246
|
||||||
Other
|
151
|
232
|
||||||
Total non-operating income
|
633
|
1,019
|
||||||
Non-operating expenses
|
||||||||
Interest expense
|
352
|
401
|
||||||
Investment loss on equity method
|
-
|
37
|
||||||
Loss on disposal of property plant and equipment
|
493
|
757
|
||||||
Other
|
492
|
553
|
||||||
Total non-operating expenses
|
1,339
|
1,749
|
||||||
Recurring income
|
18,320
|
37,876
|
||||||
Extraordinary income
|
||||||||
Gain on sale of property plant and equipment
|
744
|
369
|
||||||
Gain on sale of investment securities
|
17
|
16
|
||||||
Gain on step acquisitions
|
-
|
188
|
||||||
Total extraordinary income
|
761
|
574
|
||||||
Extraordinary loss
|
||||||||
Loss on disaster
|
1,052
|
-
|
||||||
Loss on impairment of investment securities
|
148
|
-
|
||||||
Loss on abandonment of inventories
|
648
|
-
|
||||||
Business integration-related expenses
|
-
|
721
|
||||||
Total extraordinary loss
|
1,849
|
721
|
||||||
Income before income taxes and minority interests
|
17,232
|
37,730
|
||||||
Income taxes - current
|
6,079
|
12,934
|
||||||
Income taxes - deferred
|
479
|
1,014
|
||||||
Total income taxes
|
6,559
|
13,949
|
||||||
Net profit
|
10,673
|
23,780
|
||||||
Net profit (loss) attributable to non-controlling interests
|
45
|
(16
|
)
|
|||||
Net profit attributable to owners of parent
|
10,627
|
23,797
|
Nine months ended
September 30, 2016 |
Nine months ended
September 30, 2017 |
|||||||
Net profit
|
10,673
|
23,780
|
||||||
Other comprehensive income
|
||||||||
Net unrealized gains (loss) on other marketable securities
|
(3,029
|
)
|
1,959
|
|||||
Deferred gains or losses on hedges
|
-
|
508
|
||||||
Foreign currency translation adjustments
|
59
|
18
|
||||||
Remeasurements of defined benefits
|
724
|
440
|
||||||
Share of other comprehensive income of investees equity-method
|
(298
|
)
|
(0
|
)
|
||||
Total other comprehensive income
|
(2,543
|
)
|
2,926
|
|||||
Comprehensive income
|
8,129
|
26,707
|
||||||
Comprehensive income attributable to owners of the parent
|
8,083
|
26,724
|
||||||
Non-controlling interests
|
45
|
(16
|
)
|
Soft drink business
|
Healthcare & skincare business
|
Total
|
|||
Net revenues
|
|||||
Net revenues-outside customers
|
329,261
|
24,449
|
353,710
|
||
Net revenues and transfer-inter-segment
|
-
|
-
|
-
|
||
Total
|
329,261
|
24,449
|
353,710
|
||
Segment profit
|
16,509
|
2,516
|
19,025
|
Soft drink business
|
Healthcare & skincare business
|
Total
|
|||
Net revenues
|
|||||
Net revenues-outside customers
|
622,837
|
22,251
|
645,088
|
||
Net revenues and transfer-inter-segment
|
-
|
-
|
-
|
||
Total
|
622,837
|
22,251
|
645,088
|
||
Segment profit
|
36,341
|
2,264
|
38,606
|
Company Name: Coca-Cola Bottlers Japan Inc.
Representative: Tamio Yoshimatsu,
Representative Director and President
(Code: 2579 1st Section of the Tokyo Stock
Exchange, Fukuoka Stock Exchange)
Inquiry: Shigeki Okamoto,
Head of Corporate Communications
(Tel. (03)6896-1707)
|
1. |
Objective of the Split-Off
|
2.
|
Outline of the Split-Off
|
Agreement signing date
|
: October 27, 2017
|
Scheduled date of implementation (effective date)
|
: December 1, 2017
|
① Company name
|
Coca-Cola Bottlers Japan Inc.
|
② Head office location
|
7-9-66 Hakozaki, Higashi Ward, Fukuoka City
|
③ Name and tile of representative
|
Tamio Yoshimatsu, Representative Director and President
|
④ Business lines
|
Business/assets management of the Group companies
|
⑤ Paid-in capital
|
15,231 million yen
|
⑥ Date established
|
December 20, 1960
|
⑦ Number of outstanding shares
|
206,268,593
|
⑧ Fiscal year-end
|
December
|
⑨ Major shareholders and shareholding ratios
(As of September 30, 2017) |
Coca-Cola (Japan) Co., Ltd.
Ricoh Co., Ltd.
Japan Trustee Services Bank, Ltd.
(Trust account)
The Master Trust Bank of Japan, Ltd.
(Trust account)
Toyo Seikan Group Holdings Ltd.
|
13.55%
8.28%
3.52%
2.90%
2.72%
|
⑩ Consolidated operating results and financial conditions for fiscal year ended December 31, 2016
|
|
Net assets
|
261,173 million yen
|
Total assets
|
377,468 million yen
|
Net assets per share
|
2,389.28 yen
|
Net sales
|
460,455 million yen
|
Operating income
|
21,143 million yen
|
Ordinary income
|
20,602 million yen
|
Net income attributable to Shareholders of the parent
|
5,245 million yen
|
Net income per share
|
48.05 yen
|
① Company name
|
Coca-Cola East Japan Co., Ltd.
|
② Head office location
|
6-1-20 Akasaka, Minato Ward, Tokyo
|
③ Name and title of representative
|
Tamio Yoshimatsu, Representative Director and President
|
④ Business lines
|
Manufacturing and sales of soft drinks
|
⑤ Paid-in capital
|
100 million yen
|
⑥ Date established
|
Jun 29, 2001
|
⑦ Number of outstanding shares
|
126,875,749
|
⑧ Fiscal year-end
|
December
|
⑨ Major shareholder and shareholding ratio
|
Coca-Cola Bottlers Japan Inc. 100%
|
⑩ Consolidated operating results and financial conditions for fiscal year ended December 31, 2016
|
|
Net assets
|
233,635 million yen
|
Total assets
|
369,348 million yen
|
Net assets per share
|
1,836.64 yen
|
Net sales
|
572,496 million yen
|
Operating income
|
18,489 million yen
|
Ordinary income
|
17,921 million yen
|
Net income (loss) attributable to Shareholders of the parent
|
10,718 million yen
|
Net income (loss) per share
|
84.51 yen
|
Assets
|
Liabilities
|
16 billion yen
|
16 billion yen
|
i. |
Amendment to Article 1 of the Articles of Incorporation to change our trade name
|
ii. |
Deletion of the supplementary provision related to the trade name usage agreement
|
iii. |
Renumbering of the provisions in conjunction with deletion of the supplementary provision described above in “ii”.
|
Current Articles of Incorporation
|
Proposal for change
|
CHAPTER 1 : GENERAL PROVISIONS
(Trade Name)
Article 1 The name of the Company shall be”コカ・コーラ ボトラーズジャパン株式会社” and it shall be “Coca-Cola Bottlers Japan Inc.” in English.
|
CHAPTER 1 : GENERAL PROVISIONS
(Trade Name)
Article 1 The name of the Company shall be”コカ・コーラ ボトラーズジャパンホールディングス 株 式 会 社” and it shall be “Coca-Cola Bottlers Japan Holdings Inc.” in English.
|
Article 2 through Article 34
(Omitted) |
Article 2 through Article 34
(No change) |
SUPPLEMENTARY PROVISIONS
The trade name of the Company predicates on the trade name usage agreement entered into on April 1, 2017 between the Company and The Coca-Cola Company headquartered at N.W. Coca-Cola Plaza, Atlanta, Georgia in the United States, which allows the use and partial use of The Coca-Cola Company’s trade names “コカ・コーラ” and “Coca-Cola.” The said permission remains valid only during the period set forth by the agreement and the Company shall immediately suspend the usage if The Coca-Cola Company revokes the permission.
|
(Deleted)
|
SUPPLEMENTARY PROVISIONS 2
(omitted)
|
SUPPLEMENTARY PROVISION
(No change)
|
① Current trade name
|
Coca-Cola East Japan Co., Ltd.
|
② Address
|
6-1-20 Akasaka, Minato-ku, Tokyo
|
③ Representative
|
Tamio Yoshimatsu, Representative Director and President
|
④ Line of business
|
Production, processing and sale of soft drinks
|
⑤ Capital
|
100 million yen
|