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Consumer Non-Durables

Japan Tobacco Inc.

Business Summary

Japan Tobacco, Inc. engages in the manufacture and sale of tobacco, pharmaceutical and processed food products. It operates through the following divisions: Japanese Domestic Tobacco, International Tobacco, Pharmaceutical, and Processed Food. The Japanese Domestic segment deals with the production and sale of tobacco products in domestic areas. The International Tobacco segment manufactures and markets tobacco products worldwide. The Pharmaceutical segment develops, manufactures, and sells prescription drugs. The Processed Food segment offers processed food, bakery products and seasonings. The company was founded on April 1, 1985 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2019 JPYUSD
Revenue2,175.62B19,957.89M
Gross Profit1,127.23B10,340.56M
Operating income452,618M4,152.04M
Income before tax465,232M4,267.75M
Net income348,190M3,194.08M
EBITDA635,937M5,833.70M
Diluted EPS195.871.79
Dividends Per Share1541.41
Total Assets5,553.07B51,097.96M
Total liabilities2,809.46B25,851.95M
Total equity2,662.69B24,501.45M
Operating cash flow540,410M4,957.39M
Currency in JPYCurrency in USD

Historical Data

 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 2,252.88B 2,143.28B 2,139.65B 2,215.96B 2,175.62B
Gross Profit 1,267.68B 1,192.41B 1,215.36B 1,195.57B 1,127.23B
Operating income 591,831M 535,001M 526,027M 532,832M 452,618M
Income before tax 558,732M 571,748M 538,532M 531,486M 465,232M
Net income 398,454M 421,695M 392,409M 385,676M 348,190M
EBITDA 730,032M 675,146M 670,864M 690,929M 635,937M
Diluted EPS 270.37 235.33 218.97 215.20 195.87
Dividends Per Share 118 130 140 150 154
Total Assets 4,558.23B 4,744.37B 5,221.48B 5,461.40B 5,553.07B
Total liabilities 2,036.71B 2,216.33B 2,379.45B 2,760.95B 2,809.46B
Total equity 2,451.59B 2,456.09B 2,761.68B 2,630.59B 2,662.69B
Operating cash flow 468,432M 376,549M 419,212M 461,389M 540,410M
 Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019
Revenue 18,608.90M 19,724.90M 19,081.27M 20,064.33M 19,957.89M
Gross Profit 10,471.12M 10,973.92M 10,838.55M 10,825.28M 10,340.56M
Operating income 4,888.54M 4,923.67M 4,691.07M 4,824.50M 4,152.04M
Income before tax 4,615.14M 5,261.86M 4,802.58M 4,812.31M 4,267.75M
Net income 3,291.24M 3,880.90M 3,499.47M 3,492.08M 3,194.08M
EBITDA 6,030.09M 6,213.44M 5,982.71M 6,255.98M 5,833.70M
Diluted EPS 2.23 2.16 1.95 1.94 1.79
Dividends Per Share 0.97 1.19 1.24 1.35 1.41
Total Assets 37,892.14M 40,677.10M 46,351.38M 49,778.06M 51,097.96M
Total liabilities 16,930.97M 19,002.29M 21,122.55M 25,164.79M 25,851.95M
Total equity 20,379.85M 21,057.92M 24,515.64M 23,976.61M 24,501.45M
Operating cash flow 3,869.26M 3,465.42M 3,738.50M 4,177.62M 4,957.39M

Valuation Measures

Dec 2019
PER12.41
ROA6.32%
ROE13.15%
Operating margin20.80%
Profit margin16.00%

Key executives

  • President, CEO & Representative Director: Masamichi Terabatake
  • CFO, Representative Director & Executive VP: Naohiro Minami
  • Executive Officer, Head-Research & Development: Hiroyuki Miki
  • Director, Head-Compliance & General Affairs: Kazuhito Yamashita
  • Executive Officer & Head-Digitalization: Takehisa Shibayama

Shareholders

  • Government of Japan (33.3%)
  • Japan Tobacco Inc. (11.2%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • The Vanguard Group, Inc. (1.8%)
  • Mizuho Bank Pension Fund (1.1%)
  • Daiwa Asset Management Co. Ltd. (1.0%)
  • Nikko Asset Management Co., Ltd. (1.0%)
  • BlackRock Fund Advisors (0.9%)
  • Massachusetts Financial Services Co. (0.7%)
  • Capital Research & Management Co. (Global Investors) (0.6%)

Contact Details

  • Website:http://www.jti.co.jp
  • Address: 2-2-1 Toranomon, Minato-Ku, Tokyo, 105-8422, Japan
  • Phone: +81.3.3582.3111

Related Companies

  • Japan Tobacco Restricted Stock Compensation Plan
  • Tokai Plant Service Co., Ltd.
  • JTI (RMS) Ltd.
  • Emerging Products Holding BV
  • JTI Business Services (Asia) Sdn. Bhd.
  • JTI Processadora de Tabaco do Brasil Ltda.
  • United Dhaka Tobacco Co. Ltd.
  • PT Karyadibya Mahardhika
  • PT Surya Mustika Nusantara
  • Fluxo Brasil Distribuidora de Produtos SA
  • Reynolds American, Inc. /Natural American Cigarettes 9/
  • JTI Tutun Urunleri Sanayi AS
  • JT International Group Holding BV
  • Shanghai JS Foods Co. Ltd.
  • Japan Tobacco (Hong Kong) Ltd.
  • Logic Technology Development LLC
  • JT International Co. Ukraine CJSC
  • JTI Tutun Urunleri Pazarlama AS
  • JT (UK) Ltd.
  • Zandera Ltd.
  • Al Nakhla Tobacco Free Zone SAE
  • Batata SA /Subsdiaries (2)/
  • Al Nakhla Tobacco Co. SAE
  • JT International (Asia Pacific) Ltd.
  • JT International (Philippines), Inc.
  • Haggar Cigarette & Tobacco Factory Ltd. (South Sudan)
  • Haggar Holding Co. /Sudan Cigarette & Tobacco Business (2)/
  • National Tobacco Enterprise (Ethiopia) Share Co.
  • JT International India Pvt Ltd.
  • JT America, Inc.

Competitors

  • British American Tobacco p.l.c.
  • Imperial Brands PLC
  • Philip Morris International Inc.
  • Swedish Match AB
  • Ajinomoto Co., Inc.
  • Maruha Nichiro Corp.
  • Nichirei Corporation
  • Nippon Suisan Kaisha, Ltd.
  • LT Group, Inc.
  • Akebia Therapeutics, Inc.
  • Eastern Company
  • Electronic Cigarettes International Group Ltd.
  • Reata Pharmaceuticals, Inc. Class A
  • FibroGen, Inc.
  • Charlie's Holdings Inc
  • 22nd Century Group, Inc.
  • Arcutis Biotherapeutics Inc
  • NGM Biopharmaceuticals, Inc.
  • Schweitzer-Mauduit International, Inc.
  • JW Pharmaceutical Corporation
  • Immunic, Inc.
Last Updated on 7 Aug, 2020

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