Coca Cola Bottlers Japan (CCOJF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon. This is Gomi, Head of Investor Relations for Coca-Cola Bottles Japan Holdings. Thank you for joining us today for our full-year 2024 earnings presentation for analysts and investors. Today, we have President Colleen Dragan, CFO, Beyond Organics, and Coca-Cola Japan CMO, Sue Choi. We are also joined by Executive Officer and President of the Littler Company, Alex Gonzalez, Executive Officer, President of the Food Service Company, and Chief Business Strategy Officer, Maki Kado, Executive Officer, Chief Supply Chain Officer, and Chief Sustainability Officer, Andrew Fellert, and Executive Officer and Chief Human Resource Officer, Yuki Higashi. For in 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 Kaleen Dragan. Kaleen-san, please. Good afternoon, everyone. This is Kaleen Dragan. Thank you for joining our earnings presentation today. First, let's go over the highlights of today's presentation. Please turn to slide three. I am pleased to share that 2024 was a great year with many significant achievements. We achieved 12 billion yen in business income, six times higher than the previous year, exceeding the upwardly revised plan during the period. As a year of strong profit buildup, we have achieved a significant increase in profits that continues from the previous year and remain on track to achieve Vision 2028. Revenue grew 2.8%. Sales volume exceeded our initial forecasts, driven by Ataka's success and other fact...