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

		August 9, 2023
Company Name	Coca-Cola Bottlers Japan Holdings Inc.
Representative	Representative Director	Calin Dragan
& President
(Code No. 2579 TSE Prime Market)
Contact	Executive Officer,	Tomokazu Usagawa
Head of Legal
	(Tel. [phone])

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

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

(1)	Date of resolution by the Company's Board of Directors	August 9, 2023
(2)	CCBJI Director's Decision	August 9, 2023
	(approval of Share Purchase Agreement and Joint Venture Agreement)
(3)	Execution of Share Purchase Agreement and Joint Venture Agreement by	August 9, 2023
	CCBJI
(4)	Date of incorporation of NewCo (effective date)	January 4, 2024 (scheduled)
(5)	Date of resolution of general meeting of shareholders of NewCo (approval of	January 4, 2024 (scheduled)
	transfer of shares)
(6)	Closing date of transfer of shares in NewCo	January 4, 2024 (scheduled)
	(formation of joint venture)
	1

• Parties of Transaction

1. Outline of the Company's Consolidated Subsidiaries

				(As of December 31, 2022)
	(1) Name	Coca-Cola Bottlers Japan Inc.	Coca-Cola Bottlers Japan Business
	Services Inc.
	(2) Location	9-7-1 Akasaka, Minato-ku, Tokyo	9-7-1 Akasaka, Minato-ku, Tokyo
	(3) Title and Name of	Representative Director, President and	Representative Director and Chairman,
	CEO	President
	Representative
	Calin Dragan	Bjorn Ivar Ulgenes
			Administrative work related to sale of
			soft drinks, beverages,		alcoholic
	(4) Business	Production, processing and sales of soft	beverages,	lactic beverages,	and food
	drinks and alcoholic beverages	products;	information	processing;
			telephone support services; management
			of beverage sales equipment.
	(5) Capital	JPY 100 million	JPY 80 million
	(6) Date of Incorporation	June 29, 2001	November 25, 2009
	(7) Major Shareholders and	The Company: 100%	CCBJI: 100%
	Shareholding Ratio
2. Outline of NewCo (scheduled)
	(1) Name	BS & Business Service Preparatory Inc. (tentative name)
	(2) Location	9-7-1 Akasaka, Minato-ku, Tokyo
	(3) Title and Name of	Representative Director
	Representative	Bjorn Ivar Ulgenes
		(i) Commissioned work in finance and accounting, human resources and labor
		management and other general administration and office function
	(4) Business	(ii) Development, installation, operation and maintenance management of computer
	hardware, computer software, computer systems and computer networks, and
		provision of repair service for the same
		(iii) Employee dispatch business
	(5) Capital	JPY 20 million (scheduled)
	(6) Date of Incorporation	January 4, 2024 (scheduled)
	(7) Number of Employees	Approximately 870
		CCBJI: 81%
	(8) Capital Structure	(*All shares held by CCBJBS at the time of incorporation of NewCo will be
	transferred to CCBJI on the same date.)
		Accenture: 19%

2

3. Outline of Counterparty of Joint Venture

(As of August 31, 2022)

(1) Name	Accenture Japan Ltd
(2) Location	1-8-1 Akasaka, Minato-ku, Tokyo
(3) Title and Name of	Representative Director and President
Representative	Masashi Egawa
(4) Business	Providing a wide range of services and solutions in the five areas of "Strategy &
Consulting", "Accenture Song", "Technology", "Operations" and "Industry X"
(5) Capital	JPY 350 million
(6) Date of Incorporation	December 1995

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.

End

3