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Overview

Foods

Coca-Cola Bottlers Japan Holdings Inc.

Coca-Cola Bottlers Japan Holdings Inc. is the holding company of Japan's largest Coca-Cola bottling group, engaged in the manufacturing, distribution, and sales of Coca-Cola and other beverages across a broad geographic footprint covering western and eastern Japan. The group operates across three primary channels: vending machines (Vending), over-the-counter retail (OTC), and food service, with Coca-Cola Bottlers Japan Co., Ltd. serving as the core operating subsidiary. As an authorized bottler under contract with The Coca-Cola Company and Coca-Cola Japan, the group leverages an extensive route-to-market network and large-scale production infrastructure to maintain a leading market position in the Japanese non-alcoholic beverage industry.

Market Cap

¥634B

US$4.04B

¥724B

US$4.62B

Stock¥3,901▲+1.22%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

11.8

LTM EV/EBIT

25.1

LTM PER

31.8

LTM PBR

1.7

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+31.2%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 4, 25Strong Q2 earnings results

2Feb 16, 26Q3 earnings announcement

3Jul 31, 26Q2 FY2026/12 earnings announced; Board approved share buyback

MC → EV Bridge

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Generating insights…

Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

68%

32%

EquityD/E 0.48xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 54.4%

as of 2026-06-30 · Source: Annual Securities Report

Coca-Cola (Japan) Company, Limited

17.01%

The Master Trust Bank of Japan, Ltd. (Trust Account)

11.58%

THE COCA-COLA EXPORT CORPORATION (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)

8.52%

Custody Bank of Japan, Ltd. (Trust Account)

3.58%

Ichimura Foundation for New Technology

3.22%

Chiakisha Co., Ltd.

2.49%

Coca-Cola Holdings West Japan Inc. (Custodian: Coca-Cola (Japan) Company, Limited)

2.48%

Satsuma Shuzo Co., Ltd.

2.34%

JPMorgan Securities Japan Co., Ltd.

1.76%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

1.44%

Management

11 officers

Karin DRAGAN

Representative Director, President

Jun 1993 Joined COCA-COLA LEVENTIS Jan 2000 Joined COCA-COLA HELLENIC BOTTLING COMPANY S.A. Jan 2005 General Manager and Administrator, Romania and Republic of Moldova, COCA-COLA HELLENIC BOTTLING COMPANY S.A. Jul 2011 Managing Executive Officer, Coca-Cola West Co., Ltd. Mar 2012 Representative Director and Executive Vice President, Coca-Cola West Co., Ltd. Jul 2013 Representative Director and President, Coca-Cola East Japan Co., Ltd. May 2017 Regional Director, Bottling Investments Group, The Coca-Cola Company; Regional Director, Coca-Cola Far East Limited Jan 2018 President, Bottling Investments Group, The Coca-Cola Company Mar 2019 Executive Officer and Vice President, Coca-Cola Bottlers Japan Holdings Inc. (the Company); Executive Officer and Vice President, Coca-Cola Bottlers Japan Inc. Mar 2019 Representative Director and President, the Company (current); Representative Director and President, Coca-Cola Bottlers Japan Inc. (current) Jan 2022 President and Chief Executive Officer, Coca-Cola Bottlers Japan Inc. (current)

1966-10-24

Bjørn Ivar URGENES

Representative Director, Vice President and CFO

Jul 1997 Joined The Coca-Cola Company Aug 2005 Finance Director, North and West Africa Business Unit, The Coca-Cola Company May 2008 Finance Director and Assistant Business Unit President, North and West Africa Business Unit, The Coca-Cola Company Jun 2009 GM Innovation and EA, North and West Africa Business Unit, The Coca-Cola Company Feb 2010 Vice President, Finance, Coca-Cola (Japan) Company, Limited Jan 2013 Finance Director, Central East and West Africa Group, The Coca-Cola Company Apr 2016 Deputy Finance Director, Europe, Middle East and Africa (EMEA) Group, The Coca-Cola Company Oct 2018 Senior Executive Officer and Head of Finance, Coca-Cola Bottlers Japan Holdings Inc. (the Company); Senior Executive Officer and Head of Finance, Coca-Cola Bottlers Japan Inc. Nov 2018 President and Representative Director, Coca-Cola Bottlers Japan Sales Support Co., Ltd. Jan 2019 President and Representative Director, Coca-Cola Bottlers Japan Business Services Co., Ltd. Feb 2019 Executive Officer and Head of Finance, the Company; Executive Officer and Head of Finance, Coca-Cola Bottlers Japan Inc. Mar 2019 Representative Director, the Company (current); Vice President and CFO (Head of Finance), the Company (current); Representative Director, Coca-Cola Bottlers Japan Inc. (current); Vice President and CFO (Head of Finance), Coca-Cola Bottlers Japan Inc. Dec 2019 Representative Director and Chairman, Kyusui Co., Ltd. Jan 2022 Vice President, CFO and Head of Finance, Coca-Cola Bottlers Japan Inc. (current) Mar 2022 Representative Director and Chairman, Coca-Cola Bottlers Japan Business Services Co., Ltd. Nov 2022 Representative Director, Chairman and President, Coca-Cola Bottlers Japan Business Services Co., Ltd. (current) Jan 2024 Representative Director, NeoArc Co., Ltd. (current) Jan 2025 Representative Director, onEQuest Co., Ltd. (current)

1968-04-05

Maki NIDO

Representative Director, Vice President

Apr 1992 Joined NEC Corporation Apr 1996 Joined United Feature Syndicate Inc. (Japan Branch) May 2000 Joined Microsoft Product Development Inc. (Japan Branch) Apr 2004 Joined Microsoft Corporation (U.S. Headquarters) Jul 2013 Head of Purchasing, Salesforce.com Japan K.K. Apr 2014 Assistant to the President, Coca-Cola East Japan Co., Ltd. Dec 2014 Director, Coca-Cola Business Services Co., Ltd. Jan 2015 President and Representative Director, Coca-Cola Business Services Co., Ltd.; Member, Operating Committee, Coca-Cola Cross Enterprise Procurement Group (Officer) Aug 2015 President and Representative Director, Coca-Cola Business Sourcing Co., Ltd. Jun 2016 Chair, Budget Committee, Coca-Cola Cross Enterprise Procurement Group (CFO, Head of Finance) Apr 2017 Executive Officer and General Manager, Procurement Division, Coca-Cola Bottlers Japan Inc. Feb 2019 Executive Officer and Head of Procurement, Coca-Cola Bottlers Japan Inc. Jun 2019 Executive Officer and Head of Procurement; Head of Executive Business Management, Coca-Cola Bottlers Japan Inc. Apr 2020 Executive Officer and Assistant to the President, Coca-Cola Bottlers Japan Holdings Inc. (the Company) Jun 2021 Outside Director, Idemitsu Kosan Co., Ltd. Jan 2023 Executive Officer, Chief Strategy Officer and Head of Corporate Strategy, Coca-Cola Bottlers Japan Inc. (current) Mar 2023 President and Representative Director, Coca-Cola Customer Marketing Co., Ltd. (current) Jan 2024 Executive Officer, Head of Office of the Board and Assistant to the President, the Company (current); Executive Officer and President, Food Service Company, Coca-Cola Bottlers Japan Inc. (current) Mar 2026 Representative Director and Vice President, the Company (current)

1969-02-16

Hiroko WADA

Director

Apr 1977 Joined Procter & Gamble Sunhome Co., Ltd. Jan 1998 Vice President, Corporate New Ventures Asia, The Procter & Gamble Company (U.S.) Mar 2001 President and Representative Director, Dyson K.K. Apr 2004 President and Representative Director, Toys R Us Japan, Ltd.; Chief Operating Officer Nov 2004 Representative, Office WaDa (current) May 2009 Outside Director, Aderans Holdings Co., Ltd. Jun 2016 Outside Director, Shimadzu Corporation Mar 2019 Outside Director, Coca-Cola Bottlers Japan Holdings Inc. (the Company) (current) Mar 2019 Outside Director (Audit and Supervisory Committee Member), Unicharm Corporation

1952-05-04

Hirokazu TANIMURA

Director

Oct 2006 Joined Michinoku Coca-Cola Bottling Co., Ltd. Feb 2009 Director, Michinoku Coca-Cola Bottling Co., Ltd. Mar 2012 Managing Director, Michinoku Coca-Cola Bottling Co., Ltd. Mar 2013 Senior Managing Director, Michinoku Coca-Cola Bottling Co., Ltd. Mar 2014 President and Representative Director, Michinoku Coca-Cola Bottling Co., Ltd. (current) Mar 2020 Outside Director, Coca-Cola Bottlers Japan Holdings Inc. (the Company) (current)

1977-09-28

Celso GYOTOKU

Director

Dec 1983 Joined Banco Bradesco Jan 1985 Senior Manager, Andersen Consulting (Accenture) Mar 1996 Information Systems Director, Toshiba America Electronic Components, Inc. Dec 1997 Vice President, Solutions Services, i2 Technologies Japan K.K. May 2004 Executive Officer, Chief Information Officer (CIO), Nissan Motor Co., Ltd. Apr 2006 Executive Officer and CIO, Nissan Motor Co., Ltd. Apr 2014 Managing Executive Officer and CIO, Nissan Motor Co., Ltd. Jun 2017 Audit & Supervisory Board Member, Nissan Motor Co., Ltd. Mar 2019 Outside Director (Audit and Supervisory Committee Member), Coca-Cola Bottlers Japan Holdings Inc. (the Company) Mar 2019 Executive Officer and Chief Global Digital Officer, Nishimoto Wismettac Holdings Co., Ltd. Mar 2020 Director and Chief Global Digital Officer, Nishimoto Wismettac Holdings Co., Ltd. Mar 2023 Outside Director, the Company (current) Jan 2024 Director, NeoArc Co., Ltd. (current) Apr 2024 Managing Executive Officer, Chief Information Officer (CIO) and Chief Information Security Officer (CISO), JERA Co., Inc. (current)

1959-01-03

Yuki ISOGAI

Director

Sep 2002 Joined Kintetsu International Express Feb 2005 Joined International Development Center of Japan (IDCJ) Oct 2006 Economic Cooperation Coordinator, Embassy of Japan in Ethiopia Nov 2008 Private Sector Development Specialist, World Bank Mar 2011 Joined Arata Audit Corporation Jul 2018 Partner, PwC Arata LLC Jul 2020 Technical Lead Partner, Sustainability Center of Excellence, PwC Arata LLC Jul 2022 Lead Partner, Sustainability Center of Excellence, PwC Arata LLC Aug 2024 Chief Sustainability Officer (CSO), Japan Activation Capital Co., Ltd. Oct 2025 Designated Member and Executive Member, Earth Nest LLC (current) Mar 2026 Outside Director, the Company (current)

1975-08-13

Stacy APTER

Director (Audit and Supervisory Committee Member)

2005 Joined The Coca-Cola Company May 2018 Director and Treasury, The Coca-Cola Company Jul 2018 Assistant Treasurer, The Coca-Cola Company Oct 2018 Chief of Staff to the Chairman and President, The Coca-Cola Company Jan 2021 Deputy Treasurer, The Coca-Cola Company Mar 2021 Vice President and Treasury, The Coca-Cola Company Oct 2022 Vice President, Treasury and Corporate Finance, The Coca-Cola Company Mar 2023 Outside Director (Audit and Supervisory Committee Member), Coca-Cola Bottlers Japan Holdings Inc. (the Company) (current) Apr 2023 Director, Synovus Financial Corp. (current) Jan 2024 Senior Vice President, Treasury and Head of Corporate Finance, The Coca-Cola Company (current)

1966-07-14

Nami HAMADA

Director (Audit and Supervisory Committee Member)

Jul 1992 Joined Shearson Lehman Brothers Inc. Oct 1996 Vice President, Lehman Brothers Japan Inc. Jun 1999 Senior Vice President, Lehman Brothers Japan Inc. May 2004 Representative Director, H.D.H. Advisors Japan Limited Dec 2006 Principal, H.D.H. Capital Management Pte Ltd Mar 2009 Co-founder and Managing Director, Mile High Capital Co., Ltd. (current) Aug 2017 Director, Ecoplexus Japan K.K. Feb 2019 Chief Operating Officer, Vesper Group Japan K.K. Mar 2019 Outside Director (Audit and Supervisory Committee Member), Coca-Cola Bottlers Japan Holdings Inc. (the Company) (current) May 2020 Outside Director (Audit Committee Member), MetLife Insurance K.K. Jun 2022 Outside Director (Audit, Nominating and Compensation Committee Member), MetLife Insurance K.K. (current) Jun 2022 Outside Director, Shimadzu Corporation (current)

1964-08-03

Sanket RAY

Director (Audit and Supervisory Committee Member)

2004 Joined The Coca-Cola Company 2005 Joined Hindustan Coca-Cola Beverages Private Limited (India) Aug 2016 CEO, Coca-Cola Beverages Vietnam Ltd. Jan 2019 Chief Operating Officer, China Business Unit, The Coca-Cola Company Feb 2020 President, India and Southwest Asia Unit, The Coca-Cola Company (current) Mar 2023 Outside Director (Audit and Supervisory Committee Member), Coca-Cola Bottlers Japan Holdings Inc. (the Company) (current)

1973-04-25

Rika SAEKI

Director (Audit and Supervisory Committee Member)

Sep 1993 Joined Masuda, Funai, Eifert & Mitchell, Ltd. (Chicago, Illinois, U.S.) Nov 1993 Admitted as attorney in Illinois, U.S. May 2000 Joined Morrison & Foerster (Gaikokuho Jimu Bengoshi Jimusho) Jan 2008 Of Counsel, Morrison & Foerster (current) Dec 2013 Registered as Foreign Special Member, Daini Tokyo Bar Association Jun 2016 Outside Director (Audit and Supervisory Committee Member), Shinko Electric Industries Co., Ltd. Mar 2025 Outside Director (Audit and Supervisory Committee Member), Coca-Cola Bottlers Japan Holdings Inc. (the Company) (current)

1968-01-11

Large Shareholding Reports

Coca-Cola (Japan) Co., Ltd.

2026-06-01

16.32%→16.32%

Correction filing (name/detail fix only) — ratio carried over from the original filing