Company Overview of Japan Tobacco Inc.

Japan Tobacco Inc. reported operating and sales results for the month of January 2018. For the month, the company reported sales volume of 6.1 billion of cigarettes against 7.1 billion of cigarettes a year ago. For the month, Japanese domestic cigarette revenue was ¥36.6 billion against ¥42.6 billion a year ago.

Japan Tobacco Inc. announced consolidated and non-consolidated earnings results for the full year ended December 31, 2017. For the period, on consolidated basis, the company reported revenue of JPY 2,139,653 million compared to JPY 2,143,287 million a year ago. Operating profit was JPY 561,101 million compared to JPY 593,329 million a year ago. Profit before income taxes was JPY 538,532 million compared to JPY 578,237 million a year ago. Profit for the year was JPY 396,749 million compared to JPY 425,773 million a year ago. Profit attributable to owners of the parent company was JPY 392,409 million compared to JPY 421,695 million a year ago. Comprehensive income for the year was JPY 554,198 million compared to JPY 235,250 million a year ago. Diluted earnings per share were JPY 218.97 compared to JPY 235.33 a year ago. Net cash flows from operating activities were JPY 419,212 million compared to JPY 376,549 million a year ago. Purchase of property, plant and equipment was JPY 123,726 million compared to JPY 101,072 million a year ago. Purchase of intangible assets was JPY 16,412 million compared to JPY 9,929 million a year ago. Adjusted operating profit was JPY 585,300 compared to JPY 586,777 a year ago. For the period, on non-consolidated basis, the company reported net sales of JPY 681,840 million compared to JPY 729,286 million a year ago. Operating income was JPY 168,443 million compared to JPY 196,700 million a year ago. Ordinary income was JPY 199,336 million compared to JPY 203,242 million a year ago. Total extraordinary income was JPY 21,499 million compared to JPY 66,214 million a year ago. Income before income taxes was JPY 214,996 million compared to JPY 256,217 million a year ago. Net income was JPY 160,120 million compared to JPY 173,607 million a year ago. The company provided earnings guidance for the full year ending December 31, 2018. For the year, the company expected revenue to be of JPY 2,220,000 million, operating profit of JPY 561,000 million, profit attributable to owners of the parent company of JPY 394,000 million and earnings basic per share of JPY 219.98.

Japan Tobacco Inc. announced dividend for the Year ended December 31, 2017. For the period, the company announced dividend of ¥70 per share compared to ¥66 per share a year ago. Scheduled starting date of the dividend payments is March 28, 2018. For the first half if 2018, the company expected dividend of ¥75 per share compared to ¥70 per share a year ago. For the fiscal year ending December 31, 2018, the company expected dividend of ¥75 per share compared to ¥70 per share paid in the same period ago.