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Coca-Cola Bottlers Japan Holdings (2579) investor relations material
Coca-Cola Bottlers Japan Holdings Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
9M 2026 revenue fell 1.4% YoY to ¥673.935B, while business income rose 32.2% to ¥32.323B, up ¥7.9B, on pricing, transformation benefits and cost savings.
Operating income was ¥33.775B versus a ¥70.060B loss a year earlier; net income was ¥19.699B versus a ¥48.659B loss.
Sales volume declined 1.4% to 376M cases amid severe summer weather, while volume outperformed the market and total-channel value share rose 0.7 percentage points YoY.
Financial highlights
Revenue was ¥673.935B, down 1.4% YoY; gross profit was ¥303.647B, down 0.8%, while SG&A fell 3.4% to ¥271.621B.
Business income rose 32.2% to ¥32.323B; operating income was ¥33.775B versus a ¥70.060B loss, and net income was ¥19.699B versus a ¥48.659B loss.
Profit bridge included +¥12.1B from price/unit impact, -¥6.6B from volume, +¥4.1B from transformation benefits and ¥1.7B in marketing expense savings.
Other costs decreased ¥4.4B YoY through company-wide savings; Q3 commodity and utility costs increased ¥1.9B, including Middle East-related pressure.
Q3 standalone revenue declined 5.6% to ¥250.7B, while business income rose 5.5% to ¥24.2B and net income fell 13.5% to ¥14.8B.
Outlook and guidance
FY 2026 forecast remains unchanged: revenue ¥902.7B, business income ¥35.0B, operating income ¥36.0B and net income ¥22.6B.
Q4 business income is expected to increase, supported by price revisions, transformation initiatives and company-wide cost savings.
October volume declined by a low-single-digit percentage YoY following price revisions; wholesale revenue per case continued to improve.
Middle East-related full-year cost impact is estimated at ¥2B–¥4B, likely toward the upper end, with pricing, hedging and cost initiatives expected to offset it.
2027 business-income target is toward the lower end of the ¥45B–¥50B range; detailed drivers are due in February, with priorities including commercial growth, transformation and renewed investment.
- Profitability and revenue surged in 1H 2026, supported by a JPY 40B share buyback.2579
Q2 2026 - Q1 profit and revenue exceeded targets, with Monster Energy set to boost vending growth.2579
Q1 2026 - Business income more than doubled, but a major impairment led to a net loss; 2026 targets growth.2579
Q4 2025 - Business income doubled year-on-year, but a major impairment led to a net loss despite record shareholder returns.2579
Q3 2025 - Business income up, guidance raised, but large impairment drives net loss; Vision 2030 targets bold returns.2579
Q2 2025 - Business income and revenue up, operating income positive, and profit growth targeted.2579
Q2 2024 - Business income and net profit soared, with upgraded guidance and major shareholder returns.2579
Q3 2024 - Sixfold profit growth in 2024 with higher targets and shareholder returns set for 2025.2579
Q4 2024 - Q1 business income up, but losses widened; major October price hikes to support targets.2579
Q1 2025
Next Coca-Cola Bottlers Japan Holdings earnings date
Next Coca-Cola Bottlers Japan Holdings earnings date
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