Want to see JP:2579 full AI Analyst Report?
Top Page
Coca-Cola Bottlers Japan Holdings
(2579)
Select Model
Select Model
Rating:57Neutral
Price Target:
¥4,375.00
▲(12.90% Upside)
Action:Reiterated
Date:05/30/26
The score is primarily held back by the sharp swing into sizable net losses and negative ROE despite strong TTM revenue growth and resilient gross margins. Support comes from improving operating/free cash flow and manageable leverage, while technical indicators are broadly neutral and valuation is constrained by a negative P/E with only a modest dividend yield.
Positive Factors
Top-line Momentum & Margin Resilience
A sharp TTM revenue acceleration with sustained mid‑40% gross margins points to strong demand and pricing/promotion discipline across Coca‑Cola Bottlers Japan’s channels. Durable top‑line expansion plus resilient unit economics support scale advantages, distribution leverage and reinvestment capacity over the next several months.
Negative Factors
Sizable Net Losses & Negative ROE
Material net losses and a negative return on equity signal that recent revenue gains have not translated into accounting profitability. Persistent losses erode retained earnings, hinder reinvestment capacity, pressure dividends and reduce room for strategic spending unless profitability is restored over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Top-line Momentum & Margin Resilience
A sharp TTM revenue acceleration with sustained mid‑40% gross margins points to strong demand and pricing/promotion discipline across Coca‑Cola Bottlers Japan’s channels. Durable top‑line expansion plus resilient unit economics support scale advantages, distribution leverage and reinvestment capacity over the next several months.
Read all positive factors
Coca-Cola Bottlers Japan Holdings (2579) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥686.79B
Dividend Yield1.77%
Average Volume (3M)519.69K
Price to Earnings (P/E)―
Beta (1Y)0.48
Revenue Growth0.52%
EPS Growth-1385.51%
CountryJP
Employees12,667
SectorConsumer Defensive
Sector Strength42
IndustryBeverages - Non-Alcoholic
Share Statistics
EPS (TTM)-262.64
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)143.27
Revenue Forecast (FY)¥915.03B
Coca-Cola Bottlers Japan Holdings Business Overview & Revenue Model
Company Description
Coca-Cola Bottlers Japan Holdings Inc., along with its affiliated companies, operates across Japan in the full spectrum of beverage activities, including procurement, bottling, packaging, distribution, marketing, and sales. Their diverse product r...
How the Company Makes Money
The company primarily makes money by selling finished beverages in Japan under The Coca-Cola Company’s brand portfolio. Revenue is generated from (1) sales of beverages to retail and wholesale customers (e.g., supermarkets, convenience stores, dru...
Coca-Cola Bottlers Japan Holdings Earnings Call Summary
Earnings Call Date:Feb 13, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Jul 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
38
Negative
Balance Sheet
63
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 900.57B | 893.80B | 892.68B | 868.58B | 807.43B | 785.84B |
| Gross Profit | 403.61B | 399.30B | 402.45B | 384.22B | 351.75B | 350.50B |
| EBITDA | -25.70B | -32.29B | 59.19B | 50.44B | 34.54B | 36.57B |
| Net Income | -45.23B | -50.76B | 7.31B | 1.87B | -8.07B | -2.50B |
Balance Sheet | ||||||
| Total Assets | 681.53B | 698.49B | 804.15B | 844.83B | 826.74B | 867.11B |
| Cash, Cash Equivalents and Short-Term Investments | 70.72B | 76.33B | 88.48B | 113.66B | 84.07B | 110.50B |
| Total Debt | 133.62B | 133.86B | 142.66B | 181.40B | 179.97B | 214.12B |
| Total Liabilities | 312.62B | 318.29B | 337.71B | 374.81B | 350.37B | 374.66B |
| Stockholders Equity | 368.62B | 379.89B | 466.20B | 469.85B | 476.22B | 492.32B |
Cash Flow | ||||||
| Free Cash Flow | 38.06B | 31.33B | 20.73B | 27.48B | 10.04B | -3.28B |
| Operating Cash Flow | 69.54B | 61.12B | 48.88B | 59.10B | 42.72B | 35.98B |
| Investing Cash Flow | -17.23B | -25.74B | -16.13B | -14.29B | -23.09B | 15.27B |
| Financing Cash Flow | -45.88B | -47.51B | -57.94B | -15.23B | -46.05B | -67.13B |
Coca-Cola Bottlers Japan Holdings Technical Analysis
Positive
3875.00
Price Trends
3804.29
Positive
3751.85
Positive
3339.60
Positive
Market Momentum
121.48
Positive
56.75
Neutral
36.14
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 3875 is below the 20-day moving average (MA) of 4227.61, above the 50-day MA of 3804.29, and above the 200-day MA of 3339.60, indicating a neutral trend. The MACD of 121.48 indicates Positive momentum. The RSI at 56.75 is Neutral, neither overbought nor oversold. The STOCH value of 36.14 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 |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥802.19B | 18.80 | 7.70% | 2.67% | -2.65% | 0.31% | |
64 Neutral | ¥778.32B | 34.89 | 9.71% | 0.67% | -7.37% | 317.40% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | ¥52.95B | 32.02 | ― | 0.60% | 4.70% | 10.83% | |
57 Neutral | ¥686.79B | -16.33 | -12.76% | 1.77% | 0.52% | -1385.51% | |
49 Neutral | ¥308.91B | 102.09 | 8.17% | 1.49% | ― | ― | |
47 Neutral | ¥93.44B | -3.36 | ― | 1.01% | 2.75% | -1152.56% |
* Consumer Defensive Sector Average
JP:2579
Coca-Cola Bottlers Japan Holdings
4,289.00
1,979.84
85.74%
JP:2593
ITO EN
3,097.00
-201.04
-6.10%
JP:2501
Sapporo Holdings
2,045.00
673.64
49.12%
JP:2267
Yakult Honsha Co
2,834.50
314.48
12.48%
JP:2573
Hokkaido Coca-Cola Bottling Co., Ltd.
3,975.00
599.95
17.78%
JP:2590
DyDo Group Holdings, Inc.
2,904.00
265.78
10.07%
Coca-Cola Bottlers Japan Holdings Corporate Events
Coca-Cola Bottlers Japan Boosts Shareholder Returns With Ongoing Share Buybacks
Jul 2, 2026
Coca-Cola Bottlers Japan Holdings has continued executing a previously approved share repurchase program, buying back 598,600 common shares for about 2.22 billion yen via market purchases on the Tokyo Stock Exchange between June 1 and June 30, 202...
Coca-Cola Bottlers Japan Advances Share Buyback, Reaches ¥17.3 Billion in Treasury Stock
Jun 2, 2026
Coca-Cola Bottlers Japan Holdings has continued its share buyback program, repurchasing 828,600 common shares for about 2.83 billion yen via market purchases on the Tokyo Stock Exchange between May 1 and May 31, 2026. This activity is part of a br...
Coca-Cola Bottlers Japan Steps Up Share Buybacks Under Ongoing Program
May 7, 2026
Coca-Cola Bottlers Japan Holdings has repurchased 814,800 of its common shares on the Tokyo Stock Exchange between April 1 and April 30, 2026, for a total of approximately ¥2.83 billion, under a previously approved share buyback program. This...
Coca-Cola Bottlers Japan Expects Change in Major Shareholders After CCEC Share Sale
May 1, 2026
Coca-Cola Bottlers Japan Holdings has announced an expected change in its major shareholders, following a decision by The Coca-Cola Export Corporation, a wholly owned subsidiary of The Coca-Cola Company, to sell back 4,605,300 shares it holds in t...
Coca-Cola Bottlers Japan Unveils Q1 2026 Earnings Presentation and Outlook
Apr 30, 2026
Coca-Cola Bottlers Japan Holdings has released its first-quarter 2026 earnings presentation, outlining its financial performance, marketing update, and outlook for the rest of the year. The disclosure signals management’s intent to communica...
Coca-Cola Bottlers Japan Narrows Q1 Loss and Holds Profit, Dividend Outlook for 2026
Apr 30, 2026
Coca-Cola Bottlers Japan Holdings reported first-quarter 2026 revenue of ¥196.5 billion, up 3.6% year-on-year, while significantly narrowing losses as business income improved to a ¥2.7 billion loss from ¥6.5 billion and net loss at...
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.