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Coca-Cola Bottlers Japan Holdings Inc (CCOJF)
OTHER OTC:CCOJF
RESEARCH TOOLSreports
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Coca-Cola Bottlers Japan Holdings (CCOJF) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.95B
Dividend Yield2.07%
Average Volume (3M)0.00
Price to Earnings (P/E)121.0
Beta (1Y)0.27
Revenue GrowthN/A
EPS GrowthN/A
CountryUS
Employees14,084
SectorConsumer Defensive
Sector Strength63
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)-0.04
Shares Outstanding183,268,600
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio-2.21
Price to Book (P/B)0.94
Price to Sales (P/S)0.00
P/FCF Ratio14.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$22.04Price Target Upside34.55% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Coca-Cola Bottlers Japan Holdings Business Overview & Revenue Model
Company DescriptionCoca-Cola Bottlers Japan Holdings Inc., together with its subsidiaries, engages in the purchase, bottling, packaging, distribution, marketing, and sale of carbonated, coffee, tea-based, mineral water, alcohol, and other soft drinks in Japan. The company offers its products under the Coca-Cola, Fanta, Sprite, Real Gold, Georgia, Aquarius, Qoo, Sokenbicha, Huang, and Kochakaden brand names. It also develops, manufactures, and sells various healthcare products; manufacture and sells food products; operates vending machines; and manages beverage sales equipment. In addition, the company provides shared services to support the sales of, nonessential, alcoholic, and dairy beverages, as well as food products; real estate rental and leasing, selling, purchasing, brokerage, and management services; and insurance agency services. It sells its products through convenience stores and vending machines. The company was formerly known as Coca-Cola Bottlers Japan Inc. and changed its name to Coca-Cola Bottlers Japan Holdings Inc. in January 2018. Coca-Cola Bottlers Japan Holdings Inc. was incorporated in 1960 and is headquartered in Tokyo, Japan.
How the Company Makes Money
Coca-Cola Bottlers Japan Holdings Earnings Call Summary
Earnings Call Date:May 01, 2025
(Q3-2024)
| % Change Since: -11.12%|
Next Earnings Date:Aug 06, 2025
Earnings Call Sentiment Positive
The earnings call reflects a strong overall performance with significant revenue and profit growth driven by successful price revisions and increased sales volumes. Despite some challenges in specific product categories and channels, the company's strategic initiatives, including a comprehensive shareholder return program, indicate a positive outlook.Q3-2024 Updates
Positive Updates
Significant Revenue and Profit Growth
Third quarter cumulative business income reached JPY 14.7 billion, 2.5 times greater than last year's figure. Full year business income is expected to be JPY 11.5 billion, 5.7 times higher than the previous year.
Strong Sales Volume Increase
Sales volume grew 2% year-on-year, driven by increased summer demand and effective commercial strategies. Sales volume in the third quarter alone increased by 3%.
Successful Price Revision Initiatives
Wholesale revenue per case improved due to a series of price revisions. Revenue increased by 1.9% year-on-year, outperforming initial forecasts.
Market Share Expansion
Overall, total channel value share increased by 0.4 points from the previous year. Vending's value share grew by 0.9 points.
Shareholder Return Program
Implementation of a comprehensive shareholder return program, including an increased target dividend payout ratio and a share buyback of up to JPY 30 billion.
Negative Updates
Decline in Coffee and Water Volumes
Coffee and water volumes declined, impacted by price revisions.
Impact of Adverse Weather
Adverse weather in the latter half of the third quarter, including heavy rain and typhoons, impacted channel and package mix.
Challenges in Supermarket Channel
Volume in Supermarkets was down 3% due to the impact of price revisions.
Company Guidance
In the recent Q3 2024 earnings call for Coca-Cola Bottlers Japan Holdings, the management provided several key financial metrics and strategic updates. The company reported a significant improvement in business income, which reached JPY 14.7 billion, marking a 2.5x increase from the previous year, and exceeding initial forecasts. Revenue for the cumulative third quarter rose by 1.9%, bolstered by strong sales volumes that surpassed expectations due to solid summer demand. In light of these robust results, the company revised its full-year earnings forecast upward, projecting a business income of JPY 11.5 billion, 5.7x higher than the previous year. Additionally, they announced a comprehensive shareholder return program, including an ambitious dividend policy aimed at increasing dividends to JPY 74 per share by 2028, alongside a share buyback of up to JPY 30 billion. The call also highlighted effective cost management and strategic initiatives, such as price revisions and enhanced production capabilities, contributing to improved profitability.Coca-Cola Bottlers Japan Holdings Financial Statement Overview
Summary
Coca-Cola Bottlers Japan Holdings demonstrates stable revenue growth and strong cash flow generation. Profitability margins are under pressure, but operational efficiencies are improving. The balance sheet is robust with moderate leverage, suggesting a healthy financial position overall, although there is potential for future profitability enhancements.Income Statement
Coca-Cola Bottlers Japan Holdings has exhibited a consistent revenue growth trajectory, with a 10.92% increase from 2022 to 2023 and a modest 0.36% from 2024 to the TTM period. The gross profit margin remains robust at approximately 45.10% for the TTM. However, the net profit margin decreased significantly to 0.42% in the TTM, indicating pressure on profitability. Despite this, the EBIT and EBITDA margins improved in the TTM, suggesting operational efficiency gains.82
Very Positive
Balance Sheet
The company's balance sheet shows a stable financial position with a debt-to-equity ratio of 0.30 in the TTM, reflecting moderate leverage. Return on equity is low at 0.84%, indicating limited profitability relative to shareholder's equity. The equity ratio stands at 58.55%, suggesting a strong equity base. The overall stability is commendable, but profitability enhancements are needed.75
Positive
Cash Flow
The cash flow position is solid with a 36.99% growth in free cash flow from 2024 to the TTM. The operating cash flow to net income ratio is high at 15.25, indicating strong cash generation relative to net income. The free cash flow to net income ratio of 7.57 also supports a positive cash position. The company exhibits strong cash flow generation capabilities, albeit with room for improvement in net income conversion.78
Positive
| Breakdown | |||||
| TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 895.91B | 892.68B | 868.58B | 807.43B | 785.84B | 791.96B | Gross Profit |
| 404.10B | 402.45B | 384.22B | 351.75B | 350.50B | 362.92B | EBIT |
| 11.88B | 12.92B | 3.44B | -11.25B | -20.59B | -10.96B | EBITDA |
| 55.36B | 58.84B | 50.44B | 34.00B | 36.73B | 48.87B | Net Income Common Stockholders |
| 3.75B | 7.31B | 1.87B | -8.06B | -15.03B | -7.15B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 64.30B | 89.16B | 113.66B | 84.62B | 111.82B | 115.48B | Total Assets |
| 762.71B | 804.15B | 844.83B | 826.74B | 867.11B | 939.60B | Total Debt |
| 133.00B | 142.66B | 181.40B | 179.97B | 214.12B | 269.99B | Net Debt |
| 68.70B | 54.19B | 67.74B | 95.89B | 103.63B | 155.21B | Total Liabilities |
| 315.98B | 337.71B | 374.81B | 350.38B | 374.66B | 437.51B | Stockholders Equity |
| 446.51B | 466.20B | 469.85B | 476.22B | 492.32B | 501.64B |
| Cash Flow | Free Cash Flow | ||||
| 28.41B | 20.73B | 27.48B | 10.04B | -3.28B | -23.85B | Operating Cash Flow |
| 57.20B | 48.88B | 59.10B | 42.72B | 35.98B | 43.72B | Investing Cash Flow |
| -27.90B | -16.13B | -14.29B | -23.09B | 15.27B | -52.08B | Financing Cash Flow |
| -69.41B | -57.94B | -15.23B | -46.05B | -67.13B | 20.91B |
Coca-Cola Bottlers Japan Holdings Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| $2.95B | 121.04 | 0.85% | 2.07% | ― | ― | ||
65 Neutral | $8.89B | 15.01 | 4.75% | 203.76% | 3.54% | -2.49% | |
| $2.34B | 31.56 | 7.88% | 1.27% | ― | ― | ||
| $3.93B | 110.98 | 2.87% | 0.68% | ― | ― | ||
| $4.47B | 17.25 | 8.78% | 1.45% | ― | ― | ||
70 Outperform | ¥86.61B | 23.09 | 1.49% | 8.00% | -127.55% | ||
69 Neutral | ¥47.10B | 31.61 | 0.85% | 0.79% | -8.30% |
* Consumer Defensive Sector Average
Performance Comparison
CCOJF
Coca-Cola Bottlers Japan Holdings
16.38
4.40
36.73%
ITOEF
ITO EN
23.56
0.50
2.17%
SOOBF
Sapporo Holdings
50.53
15.11
42.66%
YZZKF
Yamazaki Baking Co
20.36
-2.57
-11.21%
JP:2573
Hokkaido Coca-Cola Bottling Co., Ltd.
3,520.00
692.66
24.50%
JP:2590
DyDo Group Holdings, Inc.
2,673.00
42.05
1.60%
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.