Coca-Cola Bottlers Japan holdings revises forecasts, boosts shareholder returns

Coca-Cola Bottlers Japan Holdings Inc. has revised its consolidated earnings forecast for the fiscal year ending December 31, 2025. Business income is now projected at JPY 24,000 million, a 4.3% increase from the previous forecast of JPY 23,000 million, primarily due to strong Q3 performance, profitability-focused commercial activities, and cost control. Operating income, however, is revised to a loss of JPY 71,000 million from a loss of JPY 67,100 million, impacted by the postponement of fixed asset sales.

In line with its Vision 2030 strategy to enhance shareholder value, the company also increased its year-end dividend forecast by JPY 3.00 to JPY 32.00 per share, making the annual dividend JPY 60.00. This brings the full-year dividend to 10% above the initial plan. Furthermore, CCBJH will cancel 12 million treasury shares (6.5% of total outstanding shares) on November 10, 2025, and will commence a new share buyback program in November 2025, targeting up to JPY 30 billion or 15 million shares.