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Fact Sheets 2018 Japan Tobacco Inc. Fact Sheets 2018 001 Financial Data 009 International Tobacco Business 012 Japanese Domestic Tobacco Business 023 Number of Employees/Subsidiaries and Affiliates 024 Glossary Fact Sheets Financial Data In 2015, the beverage business was classified as discontinued operations in accordance with IFRS requirements. Consequently, profit (loss) and some items from continuing operations and discontinued operations are presented separately for the financial results of 2015. To provide a fair business performance comparison with the results of 2016, we provide the figures with a focus on continuing operations of 2015, except those related to the balance sheet, which are on a continuing and discontinued operations combined basis. In addition, FY2014 was a transitional period due to the unification of the accounting period. For the purpose of fair business performance comparison, we are providing figures for the twelve-month (January 1 – December 31, 2014) period with regard to all business segments in continuing operations (Like-for-Like basis). Net Sales Excluding Excise Taxes/Revenue Billions of yen IFRS Continuing operations Like-for-Like 3,000 2,000 1,000 0 FY2011 FY2011 FY2012 FY2013 2014 2015 2016 2017 2018 Total 2,547.1 2,033.8 2,120.2 2,399.8 2,259.2 2,252.9 2,143.3 2,139.7 2,216.0 International Tobacco Business 966.3 966.3 1,010.7 1,270.0 1,328.0 1,317.2 1,199.2 1,237.6 1,312.3 Japanese Domestic Tobacco Business 1,147.5 646.2 687.1 710.3 687.4 677.3 684.2 626.8 621.4 Pharmaceutical Business 50.6 47.4 53.2 64.4 65.8 75.6 87.2 104.7 114.0 Food Business 367.0 Beverage Business 188.8 185.5 184.5 — — — — — P rocessed Food Business 170.7 168.7 156.9 161.2 165.8 164.1 163.1 161.4 Other Business 15.7 14.6 15.0 13.6 16.9 17.0 8.6 7.5 6.8 Adjusted Net Sales Excluding Excise Taxes/ Core Revenue I nternational Tobacco Business 894.6 894.6 943.1 1,200.7 1,258.2 1,252.5 1,138.8 1,177.0 1,250.7 Japanese Domestic Tobacco Business 596.8 611.9 654.0 676.2 649.8 642.2 649.7 590.6 582.4 SG&A Expenses (IFRS) Billions of yen IFRS Continuing operations Like-for-Like 1,000 750 500 250 0 FY2011 FY2012 FY2013 2014 2015 2016 2017 2018 SG&A 733.2 733.5 828.9 839.6 789.3 754.1 786.9 770.4 Advertising expenses 21.5 20.6 21.7 23.1 25.6 26.1 24.4 29.1 Promotion expenses 128.0 137.5 147.8 117.7 120.3 124.8 112.2 106.2 Shipping, warehousing expenses 27.9 27.1 27.1 24.7 26.9 26.8 26.9 1.2 Commission 41.0 41.2 49.3 50.0 51.3 50.9 54.5 52.7 Employee benefit expenses 235.1 241.5 275.8 321.8 264.7 241.8 254.0 269.0 Research and development expenses 51.5 56.9 57.1 56.0 57.8 58.2 60.6 65.4 Depreciation and amortization 58.5 59.1 68.8 60.9 66.0 79.1 81.3 87.9 I mpairment losses on other than financial assets 7.0 3.2 2.4 22.3 9.5 1.2 3.4 8.5 Regulatory fine in Canada ——————— — L osses on sale and disposal of property, plant and equipment, intangible assets, and investment property 11.5 9.3 9.5 16.7 19.2 11.3 4.8 8.8 C ooperation fee for terminating leaf tobacco farming 12.5 — — — — — — — Impairment losses of investments in associates — — 9.7 — — — — — Other 138.7 137.2 159.7 146.3 148.1 134.1 164.7 141.6 Japan Tobacco Inc. 001 Fact sheets 2018 R&D Expenses Billions of yen IFRS Continuing operations Like-for-Like 80 60 40 20 0 FY2011 FY2011 FY2012 FY2013 2014 2015 2016 2017 2018 R&D 53.6 51.5 56.9 57.1 56.0 57.8 58.2 60.6 65.4 International Tobacco Business 5.2 5.2 5.8 6.9 7.9 8.3 8.3 8.0 8.5 Japanese Domestic Tobacco Business 20.2 20.0 19.0 18.4 18.0 17.4 17.8 18.5 18.1 Pharmaceutical Business 26.7 24.9 30.7 30.5 28.9 30.7 30.7 32.6 37.1 Food Business 0.6 Beverage Business ——————— — Processed Food Business 0.6 0.6 0.6 0.5 0.5 0.6 0.7 0.8 Note: The aforementioned research and development expenses included 0.8 billion yen for 2017 and 2018, respectively (IFRS), relating to basic research not affiliated to any segment (plant biotechnology related research, etc.) and conducted by JT corporate division. EBITDA/Adjusted EBITDA IFRS Billions of yen 800 600 400 200 0 FY2011 FY2011 FY2012 FY2013 EBITDA/Adjusted EBITDA 581.1 577.1 622.0 751.7 International Tobacco Business 312.6 314.8 343.2 451.6 Japanese Domestic Tobacco Business 272.5 262.3 281.3 302.1 Pharmaceutical Business (12.3) (10.0) (12.7) (5.4) Food Business 21.5 Beverage Business 14.6 12.4 8.7 Processed Food Business 5.4 7.4 7.5 Other Business (13.3) (9.8) (9.6) (12.7) Adjusted Operating Profit (IFRS) Billions of yen Continuing operations Like-for-Like 800 600 400 200 0 2014 2015 2016 2017 2018 Adjusted Operating Profit 661.0 626.7 586.8 585.3 595.5 International Tobacco Business 447.1 394.4 336.2 351.3 384.5 Japanese Domestic Tobacco Business 238.7 254.1 260.2 232.3 209.0 Pharmaceutical Business (7.3) (2.3) 9.7 24.1 28.4 Processed Food Business 1.4 2.7 5.0 5.4 4.1 Other Business/Elimination (18.9) (22.2) (24.4) (27.8) (30.6) Note: Figures for adjusted operating profit of 2014 are unaudited. Japan Tobacco Inc. 002 Fact sheets 2018 Operating Income/Operating Profit Billions of yen IFRS Continuing operations Like-for-Like 800 600 400 200 0 FY2011 FY2011 FY2012 FY2013 2014 2015 2016 2017 2018 Operating Income/Operating Profit 374.7 459.2 532.2 648.3 572.6 565.2 593.3 561.1 565.0 International Tobacco Business 185.3 252.4 289.4 376.4 379.5 346.9 301.8 325.6 339.5 Japanese Domestic Tobacco Business 229.6 209.3 241.3 258.1 181.5 249.2 244.1 215.8 192.5 Pharmaceutical Business (16.1) (13.5) (16.2) (9.0) (7.3) (2.3) 9.7 24.1 26.3 Food Business (6.3) Beverage Business 4.5 2.3 (2.1) ———— — Processed Food Business (2.5) (5.8) (0.2) (1.2) 3.2 5.0 5.4 2.9 Other Business (17.9) 9.0 21.2 25.0 20.2 (31.8) 32.7 (9.8) 3.8 Financial Income and Expenses (IFRS) Billions of yen IFRS Continuing operations Like-for-Like 40 30 20 10 0 FY2011 FY2012 FY2013 2014 2015 2016 2017 2018 Financial Income 5.6 5.5 8.4 14.7 15.0 6.6 4.8 5.8 Financial Expenses (23.4) (28.4) (20.4) (12.8) (15.1) (21.7) (27.3) (39.3) Net Income/Profit (attributable to owners of the parent company) Billions of yen IFRS Continuing operations Like-for-Like 500 400 300 200 100 0 FY2011 FY2011 FY2012 FY2013 2014 2015 2016 2017 2018 Net Income/Profit (attributable to owners of the parent company) 227.4 320.9 343.6 428.0 391.4 398.5 421.7 392.4 385.7 Japan Tobacco Inc. 003 Fact sheets 2018 FY2014, a transitional period for the change in accounting period, covers nine months from April 1, 2014 to December 31, 2014 for the Japanese domestic business. The same change in accounting period is applied to the Company’s consolidated subsidiaries whose current closing date was other than December 31 (Reported basis). For the purpose of a fair comparison and reference, we are providing figures for the twelve-month (January 1–December 31) period with regard to all business segments in continuing operations (Like-for-Like basis). Earnings per Share (EPS)/Basic Earning per Share Yen IFRS Yen 90,000 270.54 300 235.48 235.47 219.10 215.31 199.67 181.07 60,000 168.50 200 30,000 100 0 0 FY2011 FY2011 FY2012 FY2013 FY2014 2015 2016 2017 2018 EPS/Basic Earning per Share 23,883 168.50 181.07 235.48 199.67 270.54 235.47 219.10 215.31 Diluted EPS 23,873 168.44 180.98 235.35 199.56 270.37 235.33 218.97 215.20 Notes: A 200 for 1 stock split went into effect on July 1, 2012. Calculated on the assumption that this share split was conducted at the beginning of FY2011 (April 1, 2011). The IFRS figures refer to the right hand scale in the graph. Return on Equity (ROE)/ROE (attributable to owners of the parent company) % IFRS 25.0 20.0 15.0 10.0 5.0 0 FY2011 FY2011 FY2012 FY2013 FY2014 2015 2016 2017 2018 ROE/ROE (attributable to owners of the parent company) 15.0 20.3 20.0 19.9 14.4 19.5 17.2 15.0 14.3 Return on Assets (ROA) % IFRS 20 15 10 5 0 FY2011 FY2011 FY2012 FY2013 FY2014 2015 2016 2017 2018 ROA 10.3 12.1 13.5 15.0 10.8 14.8 12.4 10.8 10.0 Operating Income Margin/Operating Profit Margin % IFRS 30 20 10 0 FY2011 FY2011 FY2012 FY2013 FY2014 2015 2016 2017 2018 Operating Income Margin/ Operating Profit Margin 14.7 22.6 25.1 27.0 23.2 29.2 27.7 26.2 25.5 Japan Tobacco Inc.
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