Coca-Cola Bottlers Japan Holdings (2579) AI Stock Analysis

• Market Cap: ¥682.72B
• Dividend Yield: 1.77%
• Average Volume (3M): 519.69K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: 2.07%
• EPS Growth: -751.72%
• Country: JP
• Employees: 14,084
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Beverages - Non-Alcoholic
• EPS (TTM): -14.16
• Shares Outstanding: 171,268,600
• 10 Day Avg. Volume: 508,000
• 30 Day Avg. Volume: 519,690
• PEG Ratio: 0.01
• Price to Book (P/B): 1.43
• Price to Sales (P/S): 0.61
• P/FCF Ratio: 17.32
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 135.82
• Revenue Forecast (FY): ¥911.70B

• Rating: 60 Neutral
• Price Target: ¥4,069.00 ▲(5.01% Upside)
• Action: Reiterated Date: 02/18/26
• Date: Action: Reiterated 02/18/26

The score is primarily held back by unstable profitability and a large 2025 loss despite strong cash generation and improving leverage. Technicals show a strong uptrend but are overextended, while valuation is constrained by the negative P/E and only a modest dividend. Offsetting these, the earnings call indicates improving business income and significant shareholder-return actions.

Positive Factors

Cash Generation

Sustained positive operating cash flow and recovered free cash flow since 2022 provide durable internal funding for capex, working capital and shareholder returns. Strong cash conversion cushions the business against earnings swings and supports strategic investments and buybacks over the medium term.

Improving Leverage

Meaningful decline in absolute debt and moderate debt-to-equity ratios signal improved financial flexibility and lower fixed financial charges. This structural deleveraging increases resilience to cyclical revenue or margin shocks and preserves capacity for capital allocation decisions.

Commercial Strategy & Shareholder Returns

Repeated price revisions that materially lifted business income demonstrate durable commercial pricing power and discipline. Combined with a large JPY150bn buyback and dividend uplift, management shows commitment to returning cash and executing a profit-focused transformation that can structurally improve returns.

Negative Factors

Earnings Volatility

Large swings in net income and a deep 2025 loss indicate inconsistent ability to translate revenue into sustainable profits. Persistent earnings volatility undermines ROE, complicates long-term planning, and can erode equity and investor confidence if losses recur or recur intermittently.

Material Asset Impairment

A large impairment in the vending business reflects structural asset underperformance or overvaluation of channel assets. It permanently reduces equity, constrains future reported profitability and highlights long-term risks in that distribution channel requiring strategic remediation and capital reprioritization.

Volume & Channel-Mix Pressure

Declining volumes and worsening channel mix signal structural demand or consumption shifts and may blunt pricing gains over time. If volumes and mix do not recover, sustained margin pressure could erode the benefits from price revisions and limit durable revenue growth.

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 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 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 Financial Statement Overview

Summary

Mixed fundamentals: cash flow is strong (consistently positive operating cash flow and solid free cash flow since 2022), and leverage has generally improved. However, earnings are a major drag with volatile profitability and a deep net loss in 2025, plus low-to-negative ROE in most years.

Income Statement

Revenue has been broadly stable from 2020–2025, but growth has been inconsistent (including a sharp decline in 2020 and a slightly negative rate in 2025). Profitability is the main issue: operating profit improved meaningfully in 2023–2025 versus 2021–2022, yet net income remains volatile and turned deeply negative in 2025 after small profits in 2023–2024. Gross profit has stayed relatively steady in recent years, suggesting pricing/mix and cost control are not collapsing, but the weak and unstable bottom line remains a key overhang.

Balance Sheet

Leverage appears manageable for the period where it is provided, with debt-to-equity in the ~0.31–0.54 range (2020–2024) and total debt trending down meaningfully versus 2020. However, equity declined in 2025 versus 2024, and returns on equity were low-to-negative in most years, indicating the balance sheet has not consistently been translated into strong shareholder returns. Overall asset size remains substantial, but profitability volatility (especially 2025 losses) is a risk to balance-sheet strength over time.

Cash Flow

Cash generation is a relative strength. Operating cash flow is consistently positive across all years shown and improved in 2025 versus 2024, while free cash flow rebounded strongly from negative levels in 2020–2021 to solidly positive in 2022–2025, including a strong increase in 2025. That said, in earlier years free cash flow was negative and, where provided, cash flow relative to net income is not consistently strong—highlighting that earnings quality and working-capital/capex swings can still create volatility.

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	65.48B	58.84B	50.44B	34.00B	36.73B
Net Income	-50.76B	7.31B	1.87B	-8.06B	-15.01B
Balance Sheet
Total Assets	698.49B	804.15B	844.83B	826.74B	867.11B
Cash, Cash Equivalents and Short-Term Investments	76.33B	89.16B	113.66B	84.07B	111.82B
Total Debt	147.46B	142.66B	181.40B	179.97B	214.12B
Total Liabilities	318.29B	337.71B	374.81B	350.38B	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

• Technical Analysis Sentiment: Positive
• Last Price: 3875.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 3875 is above the 20-day moving average (MA) of 3711.65, above the 50-day MA of 3442.43, and above the 200-day MA of 2741.88, indicating a bullish trend. The MACD of 205.67 indicates Negative momentum. The RSI at 76.28 is Negative, neither overbought nor oversold. The STOCH value of 87.76 is Negative, 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
2267	68 Neutral	¥825.89B	17.60	7.18%	2.67%	-3.87%	-16.49%
2501	63 Neutral	¥681.00B	34.63	3.63%	0.67%	0.25%	-58.68%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
2573	61 Neutral	¥53.09B	32.51	―	0.60%	3.62%	5.25%
2579	60 Neutral	¥682.72B	-13.98	-12.00%	1.77%	2.07%	-751.72%
2593	57 Neutral	¥309.79B	25.56	8.17%	1.49%	4.14%	9.91%
2590	51 Neutral	¥82.72B	-27.19	―	1.01%	6.00%	-139.78%

Coca-Cola Bottlers Japan Holdings Corporate Events

Coca-Cola Bottlers Japan Outlines 2025 Results and 2026 Earnings Plan

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 Vice President & CFO Bjorn Ivar Ulgenes, signals ongoing transparency around performance and forward planning, giving investors and stakeholders a clearer view of recent financial outcomes and the company’s earnings trajectory for the coming year.

The most recent analyst rating on (JP:2579) stock is a Buy with a Yen3793.00 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 to Sell Yokohama Sites, Book ¥5.8 Billion Gain

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. The sales are expected to generate a total gain of about ¥5.76 billion, with Tokyo Tatemono named as the buyer of the south site and the company planning to lease back both locations for a year after transfer.

The transactions, signed in December 2025 but only disclosed now after an internal communication lapse, will be booked as gains on sales of fixed assets of roughly ¥4.6 billion in the year to December 2026 and ¥1.2 billion in the year to December 2027. Management has already factored the 2026 gains into its latest full-year forecast, and has pledged to strengthen internal processes to ensure more timely disclosure of material asset sales in future.

The most recent analyst rating on (JP:2579) stock is a Buy with a Yen3793.00 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 to Shift ¥110.4bn General Reserve to Retained Earnings

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. The move is intended to increase flexibility in capital policy amid potential changes in the business environment, with the company emphasizing that the internal reclassification will not alter total net assets or affect consolidated financial results.

By reallocating funds within its net assets, the bottler is positioning itself to respond more nimbly to future strategic or financial needs without immediately changing its overall balance sheet strength. The decision underscores a proactive approach to capital structure management, signaling to investors that the company is preparing for possible shifts in market conditions while maintaining stability in reported group earnings.

The most recent analyst rating on (JP:2579) stock is a Buy with a Yen3793.00 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 to Add Maki Kado as Representative Director to Drive Vision 2030

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 change is aimed at reinforcing execution of the company’s mid-term business plan, Vision 2030, and will result in a three-person representative director team supported by a board with a strong presence of independent outside directors, signaling a continued emphasis on governance, procurement expertise, and strategic business oversight.

Kado brings extensive experience across procurement, business services, and strategy within the Coca-Cola system in Japan, including current roles as chief business strategy officer at Coca-Cola Bottlers Japan Inc., president of Coca-Cola Customer Marketing Company, and president of the Food Service Company. Her elevation to representative director is expected to enhance operational alignment across procurement, marketing, and food service channels, potentially improving efficiency and execution of long-term growth initiatives for stakeholders.

The most recent analyst rating on (JP:2579) stock is a Buy with a Yen3793.00 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 Swings to 2025 Loss but Signals Earnings Rebound in 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 billion, sharply down from a profit a year earlier. Despite weaker earnings and a reduced equity ratio, the company maintained strong operating cash flow, raised its annual dividend from ¥53 to ¥60 per share, and forecast a 2026 recovery to ¥902.7 billion in revenue and ¥22.5 billion in net income, alongside a planned further dividend increase to ¥72, signaling management’s confidence in earnings normalization and shareholder returns.

The most recent analyst rating on (JP:2579) stock is a Buy with a Yen3793.00 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 Updates Progress on ¥30 Billion Share Buyback Program

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 market purchases on the Tokyo Stock Exchange, bringing cumulative buybacks under the current authorization to 2,370,900 shares with a total value of about ¥7.10 billion. This activity forms part of a larger approved program allowing up to 15 million shares and ¥30 billion in repurchases through October 31, 2026, signaling continued efforts to enhance shareholder returns and optimize capital structure.

The most recent analyst rating on (JP:2579) stock is a Buy with a Yen3773.00 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 Advances Share Buyback Program with December Repurchases

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 its board in August 2025. This transaction brings the cumulative buyback under the current authorization to about 1.65 million shares and ¥4.66 billion as of December 31, 2025, indicating ongoing execution of a sizable capital allocation initiative that may support shareholder value through reduced share float and signals management’s continued commitment to its share repurchase strategy within the set limits through October 2026.

The most recent analyst rating on (JP:2579) stock is a Hold with a Yen3294.00 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 Sees Major Shareholder Shift

Coca-Cola Bottlers Japan Holdings Inc. announced a significant change in its major shareholders as The Coca-Cola Export Corporation, a subsidiary of The Coca-Cola Company, plans to acquire 10 million shares, representing a 5.93% stake through an over-the-counter transaction. This acquisition will increase The Coca-Cola Export Corporation’s total stake to 11.04%, making it the second-largest shareholder, which may impact the company’s governance and strategic direction.

The most recent analyst rating on (JP:2579) stock is a Hold with a Yen3122.00 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 Holdings Announces Treasury Share Repurchase

Coca-Cola Bottlers Japan Holdings announced the repurchase of 846,500 common shares valued at over 2.3 billion yen during November 2025, as part of a broader plan authorized by the board to repurchase up to 15 million shares. This move is aimed at optimizing the company’s capital structure and potentially enhancing shareholder value.

The most recent analyst rating on (JP:2579) stock is a Hold with a Yen3122.00 price target. To see the full list of analyst forecasts on Coca-Cola Bottlers Japan Holdings stock, see the JP:2579 Stock Forecast page.