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 2022	JPY	USD
Revenue	2,657.83B	20,207.40M
Gross Profit	1,452.58B	11,043.95M
Operating income	661,584M	5,029.99M
Income before tax	585,441M	4,451.08M
Net income	442,716M	3,365.95M
EBITDA	860,956M	6,545.81M
Diluted EPS	249.36	1.89
Dividends Per Share	188	1.42
Total Assets	6,548.07B	49,627.32M
Total liabilities	2,931.31B	22,216.20M
Total equity	3,540.43B	26,832.65M
Operating cash flow	483,799M	3,678.30M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	2,215.96B	2,175.62B	2,092.56B	2,324.83B	2,657.83B
Gross Profit	1,195.57B	1,127.23B	1,090.89B	1,259.01B	1,452.58B
Operating income	532,832M	452,618M	432,673M	540,732M	661,584M
Income before tax	531,486M	465,232M	420,063M	468,393M	585,441M
Net income	385,676M	348,190M	310,254M	338,490M	442,716M
EBITDA	690,929M	635,937M	611,965M	727,731M	860,956M
Diluted EPS	215.20	195.87	174.79	190.68	249.36
Dividends Per Share	150	154	154	140	188
Total Assets	5,461.40B	5,553.07B	5,381.38B	5,774.20B	6,548.07B
Total liabilities	2,760.95B	2,809.46B	2,781.88B	2,888.12B	2,931.31B
Total equity	2,630.59B	2,662.69B	2,522.83B	2,809.25B	3,540.43B
Operating cash flow	461,389M	540,410M	519,833M	598,909M	483,799M

	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022
Revenue	20,064.33M	19,957.89M	19,599.04M	21,159.27M	20,207.40M
Gross Profit	10,825.28M	10,340.56M	10,217.37M	11,458.78M	11,043.95M
Operating income	4,824.50M	4,152.04M	4,052.43M	4,921.41M	5,029.99M
Income before tax	4,812.31M	4,267.75M	3,934.33M	4,263.03M	4,451.08M
Net income	3,492.08M	3,194.08M	2,905.85M	3,080.73M	3,365.95M
EBITDA	6,255.98M	5,833.70M	5,731.69M	6,623.36M	6,545.81M
Diluted EPS	1.94	1.79	1.63	1.73	1.89
Dividends Per Share	1.35	1.41	1.44	1.27	1.42
Total Assets	49,778.06M	51,097.96M	52,122.44M	50,142.92M	49,627.32M
Total liabilities	25,164.79M	25,851.95M	26,944.52M	25,080.36M	22,216.20M
Total equity	23,976.61M	24,501.45M	24,435.41M	24,395.44M	26,832.65M
Operating cash flow	4,177.62M	4,957.39M	4,868.78M	5,450.90M	3,678.30M

Valuation Measures

Dec 2022
PER	10.66
ROA	7.18%
ROE	13.94%
Operating margin	24.89%
Profit margin	16.65%

Key executives

President, CEO & Representative Director: Masamichi Terabatake
Chief Financial Officer & Senior Vice President: Nobuya Kato
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. (2.6%)
The Vanguard Group, Inc. (1.6%)
Nikko Asset Management Co., Ltd. (1.2%)
BlackRock Fund Advisors (1.2%)
Daiwa Asset Management Co. Ltd. (1.2%)
GQG Partners LLC (0.7%)
Mitsubishi UFJ Kokusai Asset Management Co., Ltd. (0.6%)
JT Group Employee Stock Ownership Plan (0.5%)

Contact Details

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

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Competitors

British American Tobacco p.l.c.
Philip Morris International Inc.
Ajinomoto Co., Inc.
Maruha Nichiro Corp.
Imperial Brands PLC
Nichirei Corporation
Nissui Corporation
Akebia Therapeutics, Inc.
FibroGen, Inc.
LT Group, Inc.
Charlie's Holdings Inc
22nd Century Group, Inc.
Arcutis Biotherapeutics Inc
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Mativ Holdings, Inc.
Regeneron Pharmaceuticals, Inc.
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Last Updated on 2 Jun, 2023