Coca-Cola Bottlers Japan Holdings Inc (JP:2579)
:2579
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Coca-Cola Bottlers Japan Holdings
(2579)
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Rating:55Neutral
Price Target:
¥3,485.00
▼(-10.06% Downside)
Action:ReiteratedDate:04/03/26
The score is held back primarily by unstable profitability (including a major 2025 loss) and weak price momentum (below key moving averages with negative MACD). Supporting the score are strong cash generation and a constructive earnings-call outlook featuring continued profit improvement targets and enhanced shareholder returns, though valuation remains constrained by loss-making earnings and guidance includes volume and cost headwinds.
Positive Factors
Cash generation
Consistent positive operating cash flow and a rebound to solid free cash flow through 2022–2025 provide durable internal funding for capex, transformation programs, buybacks and dividends. Strong cash generation cushions earnings volatility and reduces reliance on external financing over the medium term.
Negative Factors
Profitability volatility & impairment
The large one‑time JPY 88.4B vending impairment materially depressed reported earnings and equity, highlighting structural challenges in that channel. Such impairments reduce balance‑sheet flexibility, complicate trend analysis, and raise the bar for sustained ROE recovery unless core vending economics are restored.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistent positive operating cash flow and a rebound to solid free cash flow through 2022–2025 provide durable internal funding for capex, transformation programs, buybacks and dividends. Strong cash generation cushions earnings volatility and reduces reliance on external financing over the medium term.
Read all positive factors
Coca-Cola Bottlers Japan Holdings (2579) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥593.91B
Dividend Yield1.77%
Average Volume (3M)519.69K
Price to Earnings (P/E)―
Beta (1Y)0.57
Revenue Growth2.07%
EPS Growth-751.72%
CountryJP
Employees14,084
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)-14.16
Shares Outstanding171,268,600
10 Day Avg. Volume508,000
30 Day Avg. Volume519,690
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)1.43
Price to Sales (P/S)0.61
P/FCF Ratio17.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)138.28
Revenue Forecast (FY)¥911.11B
Coca-Cola Bottlers Japan Holdings Business Overview & Revenue Model
Company Description
Coca-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 c...
How the Company Makes Money
The company primarily makes money by selling finished beverages (and related products) in Japan. Its core revenue stream is the wholesale sale of ready-to-drink products to a broad set of channels such as supermarkets, convenience stores, drugstor...
Coca-Cola Bottlers Japan Holdings Earnings Call Summary
Earnings Call Date:Feb 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 30, 2026
Earnings Call Sentiment Positive
The call conveyed a broadly positive message: management reported strong operational and profitability improvements (record adjusted business income, significant business income and EBITDA increases, transformation benefits, market share gains, and expanded shareholder returns) and set ambitious 2026 targets. However, material one‑time impairment (JPY 88.4 billion), gross profit decline and ongoing volume and cost headwinds (commodity/FX, channel mix, promotional and outsourcing costs) represent notable challenges. On balance, the highlights — including recurring profitability progress, transformation gains, clear price/mix levers and strengthened shareholder returns — outweigh the lowlights, though risks remain tied to volume trends and external cost pressures.Positive Updates
Record and Strong Profitability Improvement
Business income reached JPY 24.5 billion in FY2025 — more than double the prior year (i.e., >100% YoY) — with cumulative 3-year business income growth of JPY 39 billion. Adjusted business income (excluding cumulative impacts since 2017) exceeded JPY 50 billion, a new record high.
Negative Updates
Large One‑time Impairment Impacting Reported Profits
An impairment loss of JPY 88.4 billion in the Vending business (recorded in Q2 2025) caused operating income and net income to decline year‑on‑year despite higher business income.
Read all updates
Q4-2025 Updates
Positive
Negative
Record and Strong Profitability Improvement
Business income reached JPY 24.5 billion in FY2025 — more than double the prior year (i.e., >100% YoY) — with cumulative 3-year business income growth of JPY 39 billion. Adjusted business income (excluding cumulative impacts since 2017) exceeded JPY 50 billion, a new record high.
Read all positive updates
Company Guidance
Management guided 2026 to revenue of JPY 902.7 billion (+1% YoY) with sales volume down ~1.5%, gross profit +4.3%, business income targeted at JPY 35.0 billion (aiming for a >JPY10 billion increase for the 4th consecutive year), EBITDA JPY 70.1 billion (+JPY 5.9 billion), and a ROIC target of ≥4% (up from 3% in 2025, +1.8pp). They reiterated Vision 2030 goals of business income >JPY 80 billion and ROIC >10% and set a 2027 business income target of JPY 45–50 billion; 2025 actuals were business income JPY 24.5 billion (more than doubled YoY), EBITDA JPY 64.2 billion (+JPY 6.7 billion YoY), cumulative 3‑year business income growth JPY 39 billion and adjusted business income since 2017 >JPY 50 billion. Transformation benefits reached JPY 6.9 billion in 2025 and are expected to deliver JPY 6.0 billion of annual savings in 2026; other modeled P&L drivers include pricing +JPY 18.8 billion, volume -JPY 6.0 billion, other mix -JPY 4.0 billion, promotional spend +JPY 0.9 billion, manufacturing savings -JPY 2.2 billion, other costs +JPY 3.2–3.5 billion, and a commodity/FX headwind of ~JPY 1.3–1.4 billion. Shareholder returns will be expanded with a JPY 72 annual dividend per share (+20% YoY) and completion of a JPY 30 billion buyback by October 2026 (with a contemplated ≥JPY 30 billion buyback level for 2027); notable one‑offs include an JPY 88.4 billion vending impairment in 2025 and vending segment profit improvement of JPY 6.1 billion.Coca-Cola Bottlers Japan Holdings Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
63
Positive
Cash Flow
74
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 893.80B | 892.68B | 868.58B | 807.43B | 785.84B |
| Gross Profit | 399.30B | 402.45B | 384.22B | 351.75B | 350.50B |
| EBITDA | -32.29B | 59.19B | 50.44B | 34.54B | 36.57B |
| Net Income | -50.76B | 7.31B | 1.87B | -8.07B | -2.50B |
Balance Sheet | |||||
| Total Assets | 698.49B | 804.15B | 844.83B | 826.74B | 867.11B |
| Cash, Cash Equivalents and Short-Term Investments | 76.33B | 88.48B | 113.66B | 84.07B | 110.50B |
| Total Debt | 133.86B | 142.66B | 181.40B | 179.97B | 214.12B |
| Total Liabilities | 318.29B | 337.71B | 374.81B | 350.37B | 374.66B |
| Stockholders Equity | 379.89B | 466.20B | 469.85B | 476.22B | 492.32B |
Cash Flow | |||||
| Free Cash Flow | 31.33B | 20.73B | 27.48B | 10.04B | -3.28B |
| Operating Cash Flow | 61.12B | 48.88B | 59.10B | 42.72B | 35.98B |
| Investing Cash Flow | -25.74B | -16.13B | -14.29B | -23.09B | 15.27B |
| Financing Cash Flow | -47.51B | -57.94B | -15.23B | -46.05B | -67.13B |
Coca-Cola Bottlers Japan Holdings Technical Analysis
Negative
3875.00
Price Trends
3781.02
Negative
3428.22
Positive
2958.43
Positive
Market Momentum
-78.52
Negative
40.09
Neutral
69.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2579, the sentiment is Negative. The current price of 3875 is above the 20-day moving average (MA) of 3621.65, above the 50-day MA of 3781.02, and above the 200-day MA of 2958.43, indicating a neutral trend. The MACD of -78.52 indicates Negative momentum. The RSI at 40.09 is Neutral, neither overbought nor oversold. The STOCH value of 69.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | ¥797.39B | 10.52 | 7.70% | 2.67% | -3.87% | -16.49% | |
63 Neutral | ¥744.48B | 33.71 | 9.71% | 0.67% | 0.25% | -58.68% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥57.41B | 57.74 | ― | 0.60% | 3.62% | 5.25% | |
57 Neutral | ¥314.51B | -9.09 | 8.17% | 1.49% | 4.14% | 9.91% | |
55 Neutral | ¥593.91B | -10.69 | -12.76% | 1.77% | 2.07% | -751.72% | |
50 Neutral | ¥87.06B | -2.57 | ― | 1.01% | 6.00% | -139.78% |
* Consumer Defensive Sector Average
JP:2579
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Coca-Cola Bottlers Japan Holdings Corporate Events
Coca-Cola Bottlers Japan Advances Share Buyback Under Ongoing Capital Program
Apr 2, 2026
Coca-Cola Bottlers Japan Holdings, Inc., a leading Japanese soft drink bottler for Coca-Cola branded products, operates across the country with a strong presence in production, bottling, and distribution, and its shares are listed on the TSE Prime...
Coca-Cola Bottlers Japan Details Influence and Transactions With Coca-Cola Parent
Mar 23, 2026
Coca-Cola Bottlers Japan Holdings has clarified its ownership and governance ties with The Coca-Cola Company and its subsidiary Coca-Cola (Japan) Company, Limited, confirming that the U.S. parent exerts the greatest influence through a 30.18% indi...
Coca-Cola Bottlers Japan Advances Share Buyback Program in Tokyo
Mar 3, 2026
Coca-Cola Bottlers Japan Holdings has continued its share repurchase program, buying back 626,100 common shares for about ¥2.35 billion between February 1 and 28, 2026 via market purchases on the Tokyo Stock Exchange. This transaction forms p...
Coca-Cola Bottlers Japan Outlines 2025 Results and 2026 Earnings Plan
Feb 13, 2026
Coca-Cola Bottlers Japan Holdings Inc. has released materials for its full-year 2025 earnings presentation, outlining both the company’s finalized 2025 results and its earnings plan for 2026. The disclosure, led by President Calin Dragan and...
Coca-Cola Bottlers Japan to Sell Yokohama Sites, Book ¥5.8 Billion Gain
Feb 13, 2026
Coca-Cola Bottlers Japan Holdings said its main operating subsidiary will sell two Yokohama properties, the north and south sites of its Totsuka Sales Center, as part of a broader push to optimize its balance sheet and boost capital efficiency. Th...
Coca-Cola Bottlers Japan to Shift ¥110.4bn General Reserve to Retained Earnings
Feb 13, 2026
Coca-Cola Bottlers Japan Holdings has proposed drawing down its entire general reserve of ¥110.4 billion and transferring the amount to retained earnings, subject to approval at its 2025 annual shareholders’ meeting on March 26, 2026. T...
Coca-Cola Bottlers Japan to Add Maki Kado as Representative Director to Drive Vision 2030
Feb 13, 2026
Coca-Cola Bottlers Japan Holdings has moved to further strengthen its management structure by appointing Maki Kado as an additional representative director and vice president, effective March 26, 2026, pending shareholder and board approval. The c...
Coca-Cola Bottlers Japan Swings to 2025 Loss but Signals Earnings Rebound in 2026
Feb 13, 2026
Coca-Cola Bottlers Japan Holdings reported virtually flat 2025 revenue at ¥893.8 billion, but business income more than doubled while operating results swung to a ¥72.4 billion loss and a net loss attributable to owners of ¥50.8 bil...
Coca-Cola Bottlers Japan Updates Progress on ¥30 Billion Share Buyback Program
Feb 3, 2026
Coca-Cola Bottlers Japan Holdings has disclosed the latest status of its ongoing share buyback program authorized by its board in August 2025. In January 2026, the company repurchased 725,400 common shares for approximately ¥2.43 billion via ...
Coca-Cola Bottlers Japan Advances Share Buyback Program with December Repurchases
Jan 6, 2026
Coca-Cola Bottlers Japan Holdings has repurchased 799,000 of its common shares on the Tokyo Stock Exchange during December 2025 for a total of approximately ¥2.35 billion, as part of a previously approved share buyback program authorized by i...
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.