Coca-Cola Bottlers Japan and Accenture Agree to Establish Joint Venture Company

August 9, 2023 (press release) –

Coca-Cola Bottlers Japan Holdings Inc. resolved to consolidate certain functions of administration and office operations of both companies to BS & Business Service Preparatory Inc. (tentative name). The company will then transfer a portion of the shares of NewCo to Accenture Japan Ltd to make NewCo a joint venture with Accenture. The impact of the Transaction on the Company's consolidated operating results for the fiscal year ending December 31, 2023 will be minor.

Original Press Release:

Aug. 9 -- Coca-Cola Bottlers Japan issued the following news release:

- Promoting data-driven management by streamlining administrative and office operations of Coca-Cola Bottlers Japan Group

Coca-Cola Bottlers Japan Holdings Inc. (the "Company") has resolved at its Board of Directors meeting held today that, the Company’s consolidated subsidiaries, Coca-Cola Bottlers Japan Inc. ("CCBJI") and Coca-Cola Bottlers Japan Business Services Inc. ("CCBJBS") consolidate certain functions of administration and office operations of both companies to BS & Business Service Preparatory Inc. (tentative name) ("NewCo"), a company newly established by CCBJI and CCBJBS, and CCBJI will then transfer a portion of the shares of NewCo to Accenture Japan Ltd (Minato-ku, Tokyo ; Masashi Egawa , Representative Director and President; "Accenture") to make NewCo a joint venture with Accenture (the series of transactions hereinafter collectively referred to as the "Transaction"). In addition, the Company hereby announces that CCBJI has made its director’s decision on the Transaction in response to the Company’s resolution

Since this matter does not fall under the Timely Disclosure Standards of the Tokyo Stock Exchange , some information in the disclosure materials has been omitted.

Ⅰ. Purpose of Transaction

In order to continue to quickly provide new services in a sustainable manner in a dynamically changing market, we have always sought measures to generate innovation by incorporating new wisdom from within and outside the Company.

In order to further transform our business, we will establish a joint venture with Accenture, a professional services firm in the digital and business process fields, as our partner. Certain functions of CCBJI and CCBJBS, such as human resources and administration, finance, procurement, customer contact center, sales support operations and IT, will be transferred to the joint venture. The purpose of the Transaction is to enable our group to achieve industry-leading operations in the business process and digital areas, and to strengthen its business foundation for cost efficiency and profitability.

II. Schedule of Transaction

The Table can be viewed at: (https://en.ccbj-holdings.com/pdf/news/1437.pdf)

Ⅲ. Parties of Transaction

1. Outline of the Company’s Consolidated Subsidiaries

The Tables can be viewed at: (https://en.ccbj-holdings.com/pdf/news/1437.pdf)

IV. Future Outlook

The impact of the Transaction on the Company's consolidated operating results for the fiscal year ending December 31, 2023 will be minor. The Company believes that the Transaction will contribute to the further growth of our group’s business and profitability in the future.

Source: Coca-Cola Bottlers Japan

[Category: Soft Drinks, Beverage & Tobacco, Partnerships and Alliances]

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