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Japan's largest Coca-Cola bottler, formed from the merger of regional bottlers, distributing Coke-brand beverages nationwide.
Japan's largest Coca-Cola bottler, formed from the merger of regional bottlers, distributing Coke-brand beverages nationwide.
Buys concentrate from The Coca-Cola Company, bottles it and sells to supermarkets, convenience stores and its own vending machines, keeping the difference between the selling price and its production and delivery costs. The vending-machine network is a large part of the business. It was formed in 2017 by merging the western and eastern Japan bottlers.
In one line: Japan's Coca-Cola Consolidated.
Moat: narrow (brand, distribution, scale). Exclusive Coca-Cola bottling territory in Japan with a nationwide vending/distribution network.
Headquarters: Tokyo, Japan · Founded: 2017 · Employees: 12,667
Size Coca-Cola Bottlers Japan (2579.T) is a Japan Consumer Staples company (Beverages: Non-Alcoholic) with a market value of $4.60B, the 259th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,461 on 6 Nov 2026.
Performance Over six months the shares gained 30.6%, against +7.3% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 18 in its peer set.
Growth Revenue fell 1.7% over the last twelve months (peer median +9.6%); the operating margin is 3.8% (peer median 11.2%).
Valuation It trades at 31.7× forward earnings against a peer median of 16.5× (3rd most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +2%, so the hurdle is +6 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥884B | ¥894B | ¥893B | ¥869B | ¥807B |
| Revenue growth | — | 0% | +3% | +8% | — |
| Gross profit | ¥397B | ¥372B | ¥371B | ¥352B | ¥321B |
| EBITDA | ¥64.9B | ¥65.5B | ¥58.4B | ¥49.7B | ¥32.2B |
| Net income | ¥17.6B | -¥50.8B | ¥7.31B | ¥1.87B | -¥8.07B |
| Free cash flow | ¥21.9B | ¥31.3B | ¥20.7B | ¥27.5B | ¥10.0B |
| Capital expenditure | ¥30.8B | ¥29.8B | ¥28.2B | ¥31.6B | ¥32.7B |
| Total debt | ¥112B | ¥134B | ¥143B | ¥181B | ¥180B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Coca-Cola Bottlers Japan 2579.T | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% |
| Suntory Beverage & Food 2587.T | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% |
| Asahi Group Hldgs 2502.T | $16.4B | +10% | +3% | 9% | 13.1× | 1.8% |
| Kirin 2503.T | $15.2B | +21% | +6% | 11% | 13.7× | -4.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 2579.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +18.1% | +9.1% | 2nd highest of 18 |
| 6-month return | +30.6% | +7.3% | highest of 18 |
| Distance from 52-week high | -4.5% | -14.0% | 3rd highest of 18 |
| Revenue growth (TTM) | -1.7% | +9.6% | 3rd lowest of 18 |
| Operating margin | 3.8% | 11.2% | lowest of 17 |
| Forward P/E | 31.7× | 16.5× | 3rd most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 8.4% | -3.2% | 4th most demanding of 16 |
| Growth delivered (Del g) | +2.4% | +7.8% | 3rd lowest of 16 |
| Hurdle (Req g minus delivered) | +6.0 pp | -15.3 pp | 3rd most demanding of 16 |
| ROIC minus cost of capital | +0.1 pp | +7.6 pp | 4th lowest of 17 |
| EV / EBITDA | 12.4× | 7.4× | 7th most expensive of 16 |
| Net debt / EBITDA | 1.2× | -0.2× | 6th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Coca-Cola Bottlers Japan 2579.T | Japan | $4.60B | +31% | -2% | 4% | 31.7× | 8.4% | +2.4% |
| Uni-President China 0220.HK | Hong Kong | $4.56B | +12% | +4% | 8% | 14.0× | -8.3% | +6.1% |
| Embotelladora Andina S.A. Sponsored ADR Pfd AKO-B | United States | $4.26B | +7% | +10% | 13% | 14.6× | -4.2% | +10.4% |
| Coca-Cola FEMSA SAB de CV Sponsored ADR KOF | United States | $6.01B | +8% | +17% | 14% | 16.5× | -20.1% | +12.2% |
| National Beverage FIZZ | United States | $3.48B | +6% | -2% | 18% | 19.2× | 3.4% | +1.9% |
| SDIC Zhonglu Fruit Juice 600962.SS | China | $2.62B | -1% | +100% | n/a | n/a | n/a | n/a |
| Primo Brands PRMB | United States | $8.10B | -4% | +28% | 10% | 16.2× | 9.2% | +27.8% |
| Celsius CELH | United States | $8.14B | 0% | +83% | 19% | 22.7× | 7.6% | +80.7% |
| China Resources Beverage (Holdings) 2460.HK | Hong Kong | $2.27B | -14% | -19% | 6% | 18.1× | n/a | n/a |
| Suntory Beverage & Food 2587.T | Japan | $9.58B | +9% | +7% | 9% | 17.2× | -7.5% | +7.8% |
| Tingyi 0322.HK | Hong Kong | $9.59B | +17% | +4% | 9% | 14.1× | -12.9% | +2.4% |
| Eastroc Beverage (Group) 605499.SS | China | $11.7B | -27% | +12% | 25% | 17.2× | -3.2% | +33.1% |
| Coca-Cola Consolidated COKE | United States | $13.8B | +19% | +11% | 13% | n/a | -1.3% | +7.6% |
| China Foods 0506.HK | Hong Kong | $1.43B | +8% | +4% | 8% | 10.1× | -17.0% | +4.3% |
| Fevertree Drinks FEVR.L | United Kingdom | $1.36B | +18% | +2% | 9% | 33.0× | 27.9% | +5.2% |
| Varun Beverages VBL.NS | India | $15.7B | -14% | +22% | 17% | 42.8× | 37.2% | +26.8% |
| Swire Pacific 0019.HK | Hong Kong | $17.0B | +23% | +7% | 12% | 11.4× | 6.9% | +2.9% |
| Princes PRN.L | United Kingdom | $1.21B | -3% | +30% | 4% | 12.6× | -7.1% | +9.3% |