Coca-Cola Bottlers Japan Holdings earnings date
Coca-Cola Bottlers Japan Holdings (CCOJF) Q3 2026 Earnings Report
CCOJF Q3 2026 EPS Results
- Actual EPS
- $0.57
- Consensus EPS
- $0.69
- Beat/Miss
- Missed by -$0.12
- One Year Ago EPS
- $0.60
CCOJF Q3 2026 Revenue Results
- Actual Revenue
- $1.58B
- Expected Revenue
- $1.62B
- Beat/Miss
- Missed by -$39.25M
- YoY Revenue Growth
- -5.59%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/05/2026
- Time
- TBA
- Conference Call
- Thursday, November 5, 2026
Coca-Cola Bottlers Japan Holdings's next earnings date is estimated for February 11, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q3 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q3 2026 Earnings Call Summary
The call was predominantly positive. Management reported JPY 7.9 billion of year-to-date business income growth, improving operating and net income, market and value-share gains, strong food service and online growth, transformation benefits and continued shareholder returns. These achievements occurred despite revenue and volume declines, adverse weather, higher packaging and Middle East-related costs, reduced capital expenditure and an expected 2027 business-income target toward the lower end of the JPY 45 billion to JPY 50 billion range.
The company aims to increase business income in the fourth quarter and achieve its full year business income target of JPY 35 billion; sales volume is expected to decline by only a low single-digit percentage compared to the previous year in October, while wholesale revenue per case continues to improve. The impact on full year earnings from the situation in the Middle East is expected to be limited to an increase in cost of approximately JPY 2 billion to JPY 4 billion, which the company expects to absorb through key initiatives and company-wide cost savings. For 2027, the guideline is JPY 45 billion to JPY 50 billion of business income, with management saying it will probably target towards the lower end of the range and confirming JPY 45 billion; it plans to continue transformations full force, invest in commercial opportunities, and appropriately strengthen capital allocation. The company has announced a 20% year-over-year increase in its annual dividend and a JPY 40 billion share buyback program, while remaining committed to the JPY 150 billion share buyback plan.
- Year-to-Date Business Income GrowthThird-quarter year-to-date business income increased by JPY 7.9 billion year-over-year, supported by a rigorous focus on profitability despite record-breaking adverse weather and cost pressures related to the situation in the Middle East.
- Full-Year Business Income Target on TrackManagement remains on track to achieve its full-year business income target of JPY 35 billion and aims to increase business income in the fourth quarter.
- Operating and Net Income ImprovementOperating income increased by JPY 103.8 billion year-over-year, helped by higher business income and the absence of the JPY 88.4 billion vending-business impairment loss recorded in the second quarter of the previous year. Net income increased by JPY 68.4 billion year-over-year to JPY 19.6 billion.
- Price Revisions Supported ProfitabilityA series of price revisions improved wholesale revenue per case, with the unit-price impact contributing positive JPY 12.1 billion. The September price revision was implemented ahead of the industry and is progressing as planned.
- Transformation and Cost SavingsTransformation benefits totaled JPY 4.1 billion, in line with plan. Company-wide cost savings, transformation initiatives and agile cost management more than offset the effects of lower sales volumes and higher costs related to the situation in the Middle East.
- Market and Value Share GainsSales volume continued to outperform the market, while total-channel value share increased by 0.7 percentage points year-over-year. Management said the company maintained competitiveness despite adverse weather and the temporary market-share impact of the September price revisions.
- Food Service GrowthFood service volume increased by 7% year-over-year, supported by new-account wins and higher sales with existing customers. Food service revenue increased by 9.3% year-over-year, driven by product-line expansion and efforts to secure new business.
- Online Channel ExpansionOnline-channel volume increased by 5% year-over-year, supported by strong subscription sales and initiatives including an expanded product lineup and label-less products.
- Category Growth in Sparkling and TeaSparkling volume increased by 3% year-over-year, driven by campaigns and in-store promotions focused on drinking occasions. Tea volume increased by 2% overall, as growth in Yakan no Mugicha and Kochakaden offset a decline in green tea volume.
- Vending Profitability ImprovementsVending segment profit increased by JPY 6.5 billion year-over-year to JPY 14.8 billion. Transformation initiatives improved profitability and route productivity, while an AI-powered assortment system had been implemented in more than 300,000 vending machines, approximately half of the total.
- OTC Profit Growth and PricingOTC segment profit increased by 9.4% year-over-year, primarily due to flexible reductions in marketing expenses in response to adverse weather. OTC retail prices for small and large PET products increased by approximately JPY 4 to JPY 5 across categories included in the September revision, and prices continued to command a premium over the industry average.
- Manufacturing and Logistics TransformationTwo integrated distribution centers scheduled to open this year began operating in phases. The company is consolidating inventory and logistics facilities, reducing transportation distances and touches, and preparing a new aseptic production line at the Saitama plant to strengthen Kanto manufacturing capacity.
- Supply Chain Productivity InitiativesManagement said cross-enterprise efforts to reduce cost to serve will come into full effect in 2027, while digital technologies for planning and operations began taking effect in 2026 and will continue rolling out in 2027. Customer collaboration includes increasing drop sizes, reducing delivery frequency where appropriate, lowering customer inventory and improving forecast accuracy.
- Marketing and Product InitiativesThe company launched Coca-Cola summer and Coca-Cola Zero campaigns, Georgia Cafe Water, an online-exclusive label-less I LOHAS Tennensui product and the Coca-Cola Foodmarks initiative in Shibuya. Fourth-quarter plans include winter and Premier League Coca-Cola campaigns, a Georgia collaboration with JoJo's Bizarre Adventure and a large-scale Shokutaku-Jumbo tea promotion.
- Shareholder Returns EnhancementThe JPY 30 billion share buyback program was completed as planned. The company decided to cancel 7 million treasury shares, equivalent to 4.1% of total shares issued, and reaffirmed a 20% year-over-year increase in the annual dividend and a JPY 40 billion share buyback program. Management said it remains committed to the broader Vision 2030 shareholder-return plan, including a second JPY 40 billion buyback tranche.
- Vision 2030 CommitmentManagement reaffirmed its commitment to Vision 2030 financial and performance targets, with 2027 plans centered on strong commercial growth, pricing, channel execution, continued transformation and investment in future opportunities in the Japanese market.
- Fourth-Quarter Cost OutlookManagement expects cost increases related to the situation in the Middle East to remain within the projected range and said the full-year impact is expected to be approximately JPY 2 billion to JPY 4 billion, with hedging and company-wide initiatives helping absorb the impact.
CCOJF Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Feb 11, 2027 | 2026 (Q4) | 0.17- | -0.09 | ― | ― |
| Nov 05, 2026 | 2026 (Q3) | 0.690.57 | 0.6 | -4.75% (-0.03) | |
| Jul 30, 2026 | 2026 (Q2) | 0.140.22 | -2.15 | 110.17% (+2.37) | |
| Apr 30, 2026 | 2026 (Q1) | -0.05-0.04 | -0.23 | 84.73% (+0.20) | |
| Feb 13, 2026 | 2025 (Q4) | -0.04-0.09 | -0.09 | 5.79% (+0.01) | |
| Oct 31, 2025 | 2025 (Q3) | 0.500.60 | 0.36 | 66.56% (+0.24) | |
| Aug 01, 2025 | 2025 (Q2) | 0.14-2.15 | 0.09 | -2455.76% (-2.24) | |
| May 01, 2025 | 2025 (Q1) | -0.10-0.23 | -0.1 | -127.20% (-0.13) | |
| Feb 13, 2025 | 2024 (Q4) | -0.05-0.09 | -0.07 | -35.42% (-0.02) | |
| Nov 06, 2024 | 2024 (Q3) | 0.330.36 | 0.27 | 31.92% (+0.09) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
