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Coca-Cola Bottlers Japan Holdings Inc (JP:2579)
:2579
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Coca-Cola Bottlers Japan Holdings
(2579)
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Rating:61Neutral
Price Target:
¥2,775.00
▲(3.76% Upside)
Coca-Cola Bottlers Japan Holdings shows strong strategic progress and recovery in business income, supported by effective price revisions and shareholder return initiatives. However, profitability challenges, valuation concerns, and technical indicators suggest caution. The company's ability to address these issues will be crucial for future performance.
Coca-Cola Bottlers Japan Holdings (2579) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
$469.91B
Dividend Yield2.09%
Average Volume (3M)519.69K
Price to Earnings (P/E)―
Beta (1Y)0.60
Revenue Growth2.07%
EPS Growth-751.72%
CountryJP
Employees14,084
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)95.67
Shares Outstanding183,268,600
10 Day Avg. Volume508,000
30 Day Avg. Volume519,690
Financial Highlights & Ratios
PEG Ratio0.21
Price to Book (P/B)0.96
Price to Sales (P/S)0.50
P/FCF Ratio21.61
Enterprise Value/Market Cap1.05
Enterprise Value/Revenue0.55
Enterprise Value/Gross Profit1.22
Enterprise Value/Ebitda-15.54
Forecast
1Y Price Target
$3,123.08Price Target Upside16.77% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 MoneyCoca-Cola Bottlers Japan Holdings generates revenue primarily through the sale of its beverages, which includes carbonated soft drinks, juices, teas, and bottled water. The company's revenue model is built on several key streams: retail sales, which encompass direct sales to convenience stores, supermarkets, and other retailers; vending machine sales, where the company operates thousands of vending machines across Japan; and food service sales to restaurants and cafes. Additionally, strategic partnerships with Coca-Cola Company provide access to popular global beverage brands, enhancing its product offerings. The company also benefits from economies of scale in production and distribution, which helps maintain profitability. Seasonal promotions and marketing campaigns further drive sales, particularly during peak consumption periods.
Coca-Cola Bottlers Japan Holdings Earnings Call Summary
Earnings Call Date:Oct 31, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 12, 2026
Earnings Call Sentiment Positive
The earnings call reflects a strong recovery and strategic progress as Coca-Cola Bottlers Japan Holdings continues to focus on profitability and shareholder returns. Despite challenges such as the vending business impairment and sales volume declines, the company has successfully implemented price revisions and transformation initiatives that have significantly improved business income and market performance.Q3-2025 Updates
Positive Updates
Record Increase in Business Income
Business income reached JPY 24.5 billion year-to-date, 1.7x higher than last year, demonstrating strong profitability-focused commercial activities and successful transformation initiatives.
Successful Price Revisions
Implemented 8 price revisions since 2022, significantly contributing to profitability. This year's business income is expected to reach JPY 24 billion, despite external cost pressures.
Positive Shareholder Returns
Announced the largest shareholder return program in company history, with JPY 150 billion planned for share buybacks and a 10% increase in year-on-year dividend.
Strong Market Performance
Sales volume outperformed the overall market, aided by effective marketing strategies and strong execution during the peak demand period.
Negative Updates
Impairment Loss in Vending Business
Recorded an impairment loss of JPY 88.1 billion in the vending business during the second quarter, impacting operating income and net income.
Sales Volume Decline
Third quarter year-to-date sales volume decreased by 1%, impacted by past price revisions and changing consumption trends.
Channel Mix Challenges
Gross profit affected by deteriorating channel mix, with significant impacts from changing market environments and lower sales volumes.
Company Guidance
During the third quarter of 2025, Coca-Cola Bottlers Japan Holdings reported a business income of JPY 24.5 billion, which was 1.7 times higher than the previous year and exceeded their revised plan from August. The company achieved a robust increase in business income of JPY 39 billion over the past four years, with significant improvements since a JPY 15 billion loss in 2021. Price revisions have been a crucial part of their strategy, with eight implemented since 2022. Despite cost increases from external factors like foreign exchange rates and commodities, the adjusted business income could exceed JPY 50 billion, marking the highest level in company history. For the full year, business income is targeted at JPY 24 billion, doubling last year's results and 20% above the original plan. This performance aligns with their strategic goals outlined in Vision 2030, which includes a significant JPY 150 billion share buyback program, representing about 35% of their market capitalization. The company also plans to enhance shareholder returns by canceling treasury shares equivalent to 6.5% of total shares and increasing the year-on-year dividend by 10%.Coca-Cola Bottlers Japan Holdings Financial Statement Overview
Summary
Coca-Cola Bottlers Japan Holdings shows strong revenue growth but faces profitability challenges with a net loss reported TTM. The balance sheet is stable with moderate leverage, yet returns on equity are low. Cash flow generation is adequate, but declining free cash flow poses potential liquidity risks.Income Statement
Coca-Cola Bottlers Japan Holdings shows a strong revenue growth rate of 36.3% TTM, indicating robust sales expansion. However, the net profit margin is low at 0.42%, and the company reported a net loss TTM, suggesting profitability challenges. The gross profit margin is healthy at 45.1%, but the negative EBITDA margin indicates operational inefficiencies.65
Positive
Balance Sheet
The company maintains a moderate debt-to-equity ratio of 0.30 TTM, reflecting a balanced approach to leverage. The equity ratio is stable, indicating a solid capital structure. However, the return on equity is low at 0.81% TTM, pointing to limited returns for shareholders.70
Positive
Cash Flow
The operating cash flow to net income ratio is 0.39 TTM, suggesting adequate cash generation relative to earnings. However, free cash flow has declined significantly by 69.3% TTM, which could impact future investments and liquidity. The free cash flow to net income ratio is 0.50, indicating some cash flow challenges.55
Neutral
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 899.17B | 892.68B | 868.58B | 807.43B | 785.84B | 791.96B |
| Gross Profit | 404.66B | 402.45B | 384.22B | 351.75B | 350.50B | 362.92B |
| EBITDA | -31.70B | 58.84B | 50.44B | 34.00B | 36.73B | 48.87B |
| Net Income | -58.29B | 7.31B | 1.87B | -8.06B | -15.01B | -4.71B |
Balance Sheet | ||||||
| Total Assets | 697.50B | 804.15B | 844.83B | 826.74B | 867.11B | 939.60B |
| Cash, Cash Equivalents and Short-Term Investments | 45.17B | 89.16B | 113.66B | 84.07B | 111.82B | 115.48B |
| Total Debt | 132.56B | 142.66B | 181.40B | 179.97B | 214.12B | 269.99B |
| Total Liabilities | 317.98B | 337.71B | 374.81B | 350.38B | 374.66B | 437.51B |
| Stockholders Equity | 379.25B | 466.20B | 469.85B | 476.22B | 492.32B | 501.64B |
Cash Flow | ||||||
| Free Cash Flow | 28.21B | 20.73B | 27.48B | 10.04B | -3.28B | -23.85B |
| Operating Cash Flow | 57.57B | 48.88B | 59.10B | 42.72B | 35.98B | 43.72B |
| Investing Cash Flow | -28.50B | -16.13B | -14.29B | -23.09B | 15.27B | -52.08B |
| Financing Cash Flow | -77.92B | -57.94B | -15.23B | -46.05B | -67.13B | 20.91B |
Coca-Cola Bottlers Japan Holdings Technical Analysis
Positive
2674.50
Price Trends
2601.11
Positive
2506.32
Positive
2450.31
Positive
Market Momentum
11.17
Negative
62.91
Neutral
79.47
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2579, the sentiment is Positive. The current price of 2674.5 is above the 20-day moving average (MA) of 2545.02, above the 50-day MA of 2601.11, and above the 200-day MA of 2450.31, indicating a bullish trend. The MACD of 11.17 indicates Negative momentum. The RSI at 62.91 is Neutral, neither overbought nor oversold. The STOCH value of 79.47 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2579.
Coca-Cola Bottlers Japan Holdings Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥53.02B | 37.06 | ― | 0.63% | 3.62% | 5.25% | |
71 Outperform | $622.94B | 15.66 | 9.18% | 1.20% | 3.53% | 4.88% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $469.91B | -9.03 | -12.00% | 2.09% | 2.07% | -751.72% | |
57 Neutral | ¥324.36B | 25.55 | 8.81% | 1.45% | 4.54% | 20.36% | |
55 Neutral | ¥579.80B | 169.56 | 1.95% | 0.70% | 0.01% | -82.82% | |
51 Neutral | ¥78.21B | -31.20 | ― | 1.03% | 3.54% | -135.08% |
* Consumer Defensive Sector Average
JP:2579
Coca-Cola Bottlers Japan Holdings
2,674.50
389.67
17.05%
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Coca-Cola Bottlers Japan Holdings Corporate Events
Coca-Cola Bottlers Japan Completes Treasury Share Repurchase and Announces New Buyback Program
Oct 31, 2025
Coca-Cola Bottlers Japan Holdings Inc. has completed the repurchase and cancellation of a significant number of its treasury shares, as part of a strategic initiative to optimize its capital structure. The company plans to initiate a new share buyback program in November 2025, which reflects its ongoing commitment to enhancing shareholder value and maintaining a robust financial position.
The most recent analyst rating on (JP:2579) stock is a Hold with a Yen2594.00 price target. To see the full list of analyst forecasts on Coca-Cola Bottlers Japan Holdings stock, see the JP:2579 Stock Forecast page.
Coca-Cola Bottlers Japan Revises 2025 Earnings and Dividend Forecasts
Oct 31, 2025
Coca-Cola Bottlers Japan Holdings has revised its full-year 2025 earnings and dividend forecasts. Despite a slight decrease in expected revenue due to lower demand and a challenging consumer environment, the company anticipates an increase in business income due to cost savings and profitability-focused sales activities. The dividend forecast has been revised upward, reflecting the company’s commitment to returning profits to shareholders and an expected increase in business income.
The most recent analyst rating on (JP:2579) stock is a Hold with a Yen2594.00 price target. To see the full list of analyst forecasts on Coca-Cola Bottlers Japan Holdings stock, see the JP:2579 Stock Forecast page.
Coca-Cola Bottlers Japan Reports Revenue Growth Amidst Financial Challenges
Oct 31, 2025
Coca-Cola Bottlers Japan Holdings reported a slight increase in revenue for the nine months ending September 30, 2025, compared to the previous year. However, the company faced a substantial net loss, attributed to increased business expenses and strategic repurchase of treasury shares, impacting its overall financial position and shareholder equity.
The most recent analyst rating on (JP:2579) stock is a Hold with a Yen2594.00 price target. To see the full list of analyst forecasts on Coca-Cola Bottlers Japan Holdings stock, see the JP:2579 Stock Forecast page.
Coca-Cola Bottlers Japan Executes Share Buyback Strategy
Oct 2, 2025
Coca-Cola Bottlers Japan Holdings has announced the repurchase of 450,900 common shares valued at approximately 1.2 billion yen from September 1 to September 30, 2025, as part of a broader share buyback program. This move is part of a larger strategy authorized by the board to repurchase up to 20 million shares, aiming to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (JP:2579) stock is a Buy with a Yen3400.00 price target. To see the full list of analyst forecasts on Coca-Cola Bottlers Japan Holdings stock, see the JP:2579 Stock Forecast page.
Coca-Cola Bottlers Japan Executes Strategic Share Buyback
Sep 2, 2025
Coca-Cola Bottlers Japan Holdings, Inc. announced the repurchase of 704,900 common shares valued at approximately 1.8 billion yen, as part of a broader plan to buy back up to 20 million shares. This move is part of a strategic initiative to optimize capital structure and potentially enhance shareholder value, reflecting the company’s commitment to maintaining a robust financial position.
The most recent analyst rating on (JP:2579) stock is a Hold with a Yen2700.00 price target. To see the full list of analyst forecasts on Coca-Cola Bottlers Japan Holdings stock, see the JP:2579 Stock Forecast page.
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
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.