Coca Cola Bottlers Japan (CCOJF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

This is Gomi, Head of Investor Relations for Coca-Cola Bossler Japan Holdings. Thank you for joining us today for our first quarter 2025 earnings presentation for analysts and investors. Today, we have President Karin Dragan and CFO Bjorn Ulgnes. We are also joined by Executive Officer and President of the Retail Company, Alex Gonzalez, Executive Officer, President of the Food Service Company and Chief Strategy Officer, Maki Kado, and Executive Officer, Chief Human Resources Officer, Yuki Higashi. Following prepared remarks, we will be happy to take questions. Simultaneous interpretation in both Japanese and English is being provided for both today's call and the Q&A. Before we begin, let me remind you that today's presentation contains forward-looking statements and should be considered together with cautionary statements contained in our presentation. With that, I'd like to turn the call over to Karin Dragan. Karin-san, please. Good evening, everyone. This is Kalin Dragan. Thank you for joining today's earnings presentation. Let's begin with today's highlights. Please turn to slide four. We have made a good start to 2025. First quarter business income increased by 1.3 billion yen year on year, keeping us on track to meet our full year business income target of 20 billion yen. Continuing from last year, top-line growth and transformation benefits are driving profit growth and maintaining a good trend towards improved profitability. Sales volume remained flat year on year, outperforming the market despite the impact of volume declines due to price revisions. At the same time, price revision benefits improved wholesale revenue per case lifting revenue by 1.7% year-on-year. The first quarter also saw significant progress on price revisions, a key measure for improving ...