Fact Sheets 2020
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Japan Tobacco Inc. Fact Sheets 2020 001 Financial Data 008 International Tobacco Business 011 Japanese-Domestic Tobacco Business 019 Number of Employees/Subsidiaries and Affiliates 020 Glossary of Terms Fact Sheets Financial Data Revenue ons o en 000 2000 000 0 2016 2017 2018 2019 2020 Total 2,143.3 2,139.7 2,216.0 2,175.6 2,092.6 International Tobacco Business 1,199.2 1,237.6 1,312.3 1,310.9 1,306.2 Japanese-Domestic Tobacco Business 684.2 626.8 621.4 611.5 555.6 Pharmaceutical Business 87.2 104.7 114.0 88.5 79.0 Processed Food Business 164.1 163.1 161.4 158.6 149.3 Other Business 8.6 7.5 6.8 6.1 2.5 Core Revenue International Tobacco Business 1,138.8 1,177.0 1,250.7 1,253.0 1,250.8 Japanese-Domestic Tobacco Business 649.7 590.6 582.4 568.9 515.7 SG&A Expenses ons o en 000 0 00 20 0 2016 2017 2018 2019 2020 SG&A 754.1 786.9 770.4 831.7 784.5 Advertising expenses 26.1 24.4 29.1 33.5 27.3 Promotion expenses 124.8 112.2 106.2 102.1 92.1 Commission 50.9 54.5 52.7 55.5 57.6 Employee benefit expenses 241.8 254.0 269.0 309.6 307.2 Research and development expenses 58.2 60.6 65.4 64.1 60.8 Depreciation and amortization 79.1 81.3 87.9 106.1 103.7 Impairment losses on other than financial assets 1.2 3.4 8.5 16.1 12.6 Losses on sale and disposal of property, plant and equipment, intangible assets, and investment property 11.3 4.8 8.8 9.4 7.6 Other 160.9 191.6 142.8 135.3 115.6 Japan Tobacco Inc. 001 Fact sheets 2020 R&D Expenses ons o en 0 0 0 20 0 2016 2017 2018 2019 2020 R&D 58.2 60.6 65.4 64.1 60.8 International Tobacco Business 8.3 8.0 8.5 9.1 9.2 Japanese-Domestic Tobacco Business 17.8 18.5 18.1 20.1 19.1 Pharmaceutical Business 30.7 32.6 37.1 33.2 25.2 Processed Food Business 0.6 0.7 0.8 0.8 0.8 Other Business 0.8 0.8 0.8 0.8 6.5 Adjusted Operating Profit ons o en 00 00 200 0 2016 2017 2018 2019 2020 Adjusted Operating Profit 586.8 585.3 595.5 515.9 487.0 International Tobacco Business 336.2 351.3 384.5 340.8 340.9 Japanese-Domestic Tobacco Business 260.2 232.3 209.0 187.2 168.1 Pharmaceutical Business 9.7 24.1 28.4 15.9 17.2 Processed Food Business 5.0 5.4 4.1 5.4 (0.8) Other Business/Elimination (24.4) (27.8) (30.6) (33.4) (38.4) Operating Profit ons o en 00 00 200 0 2016 2017 2018 2019 2020 Operating Profit 593.3 561.1 565.0 502.4 469.1 International Tobacco Business 301.8 325.6 339.5 274.0 296.4 Japanese-Domestic Tobacco Business 244.1 215.8 192.5 171.0 151.8 Pharmaceutical Business 9.7 24.1 26.3 72.7 16.5 Processed Food Business 5.0 5.4 2.9 5.5 (0.8) Other Business 32.7 (9.8) 3.8 (20.8) 5.1 Japan Tobacco Inc. 002 Fact sheets 2020 Financial Income and Expenses ons o en 0 0 0 0 0 20 0 0 2016 2017 2018 2019 2020 Financial Income 6.6 4.8 5.8 8.4 12.4 Financial Expenses (21.7) (27.3) (39.3) (45.5) (61.3) Profit (attributable to owners of the parent company) ons o en 00 00 00 200 00 0 2016 2017 2018 2019 2020 Profit (attributable to owners of the parent company) 421.7 392.4 385.7 348.2 310.3 Basic and Diluted Earnings per Share en 00 200 00 0 2016 2017 2018 2019 2020 Basic Earnings per Share 235.47 219.10 215.31 195.97 174.88 Diluted Earnings per Share 235.33 218.97 215.20 195.87 174.80 Japan Tobacco Inc. 003 Fact sheets 2020 Return on Equity (attributable to owners of the parent company) % 2.0 20.0 .0 0.0 .0 0 2016 2017 2018 2019 2020 ROE (attributable to owners of the parent company) 17.2 15.0 14.3 13.2 12.0 Return on Assets (ROA) % .0 0.0 .0 0 2016 2017 2018 2019 2020 ROA 12.4 10.8 10.0 8.4 7.7 Operating Profit Margin % 0.0 20.0 0.0 0 2016 2017 2018 2019 2020 Operating Profit Margin 27.7 26.2 25.5 23.1 22.4 Free Cash Flow (FCF) Billions of yen 600 400 200 0 -200 -400 2016 2017 2018 2019 2020 FCF (316.2) 72.6 105.6 404.2 503.9 Japan Tobacco Inc. 004 Fact sheets 2020 Capital Expenditure (CAPEX) ons o en 0 20 0 0 2016 2017 2018 2019 2020 CAPEX 113.0 140.9 159.8 131.4 112.9 International Tobacco Business 70.6 68.4 75.7 78.3 66.6 Japanese-Domestic Tobacco Business 29.8 51.5 55.4 34.8 21.1 Pharmaceutical Business 3.8 6.2 11.3 7.0 9.1 Processed Food Business 5.7 10.4 12.7 6.1 8.0 Other Business 3.1 4.3 4.6 5.2 8.2 Depreciation and Amortization ons o en 200 0 00 0 0 2016 2017 2018 2019 2020 Depreciation and Amortization 140.8 145.4 158.7 168.1 160.0 International Tobacco Business 69.1 76.1 89.9 98.1 93.7 Japanese-Domestic Tobacco Business 58.0 56.0 55.0 55.6 52.9 Pharmaceutical Business 4.9 5.1 5.1 5.5 5.0 Processed Food Business 6.4 6.1 6.7 6.8 6.7 Other Business 2.3 2.1 2.0 2.1 1.6 Note: Depreciation related to lease transactions have been excluded since 2019. Total Assets ons o en 000 000 2000 0 2016 2017 2018 2019 2020 Total Assets 4,744.4 5,221.5 5,461.4 5,553.1 5,381.4 Japan Tobacco Inc. 005 Fact sheets 2020 Total Equity and Equity Ratio (attributable to owners of the parent company) ons o en % 000 0 200 0 00 0 200 0 00 0 0 0 2016 2017 2018 2019 2020 Total Equity 2,528.0 2,842.0 2,700.4 2,743.6 2,599.5 Equity Ratio (attributable to owners of the parent company) 51.77 52.89 48.17 47.95 46.88 Book Value per Share (attributable to owners of the parent company) en 00 200 00 00 0 2016 2017 2018 2019 2020 Book Value per Share (attributable to owners of the parent company) 1,371.39 1,541.94 1,468.44 1,501.12 1,421.92 Liquidity and Interest-Bearing Debt ons o en 000 0 00 20 0 2016 2017 2018 2019 2020 Liquidity 297.0 291.8 308.7 375.8 548.3 Interest-Bearing Debt 555.3 755.8 987.6 974.5 958.9 Note: Lease obligations have been excluded from Interest-Bearing Debt since 2019. Japan Tobacco Inc. 006 Fact sheets 2020 Debt/Equity Ratio Tes 0. 0. 0.2 0. 0 2016 2017 2018 2019 2020 Debt/Equity Ratio 0.23 0.27 0.38 0.37 0.38 Interest Coverage Ratio Tes 0 0 0 20 0 2016 2017 2018 2019 2020 Interest Coverage Ratio 55.5 38.0 33.7 22.2 26.6 Annual Dividends per Share en 200 0 00 0 0 2016 2017 2018 2019 2020 Annual Dividends per Share 130 140 150 154 154 Dividend Payout Ratio on a Consolidated Basis % 00 0 0 0 20 0 2016 2017 2018 2019 2020 Dividend Payout Ratio 55.2 63.9 69.7 78.6 88.1 Japan Tobacco Inc. 007 Fact sheets 2020 International Tobacco Business (Results for the 12 months ended December 31) Total Shipment Volume (by Brand) n 00 20 200 0 00 0 0 2016 2017 2018 2019 2020 GFB Total 283.7 285.9 266.4 277.0 282.0 Winston 139.3 144.3 149.9 155.4 159.1 Camel 52.2 52.7 54.2 57.1 56.9 MEVIUS 17.9 17.8 15.7 15.9 15.3 LD 47.6 45.6 46.6 48.7 50.7 Total Shipment Volume (by Cluster) n 00 00 00 200 00 0 2016 2017 2018 2019 2020 Total 398.7 398.5 427.6 445.8 435.7 South & West Europe 65.2 64.2 63.8 64.9 66.3 North & Central Europe 54.2 51.8 53.2 55.9 63.4 CIS+ 141.4 133.0 134.0 131.5 122.2 Rest-of-the-World 137.9 149.5 176.6 193.5 183.8 Japan Tobacco Inc. 008 Fact sheets 2020 Core Revenue and Adjusted Operating Profit 2000 0000 000 000 000 2000 0 2016 2017 2018 2019 2020 Core Revenue 10,490 10,498 11,330 11,496 11,724 Adjusted Operating Profit 3,095 3,138 3,493 3,126 3,181 Cluster Split % 00 75 0 2 0 2016 2017 2018 2019 2020 Adjusted Adjusted Adjusted Adjusted Adjusted Core Operating Core Operating Core Operating Core Operating Core Operating Revenue Profit Revenue Profit Revenue Profit Revenue Profit Revenue Profit South & West Europe 19 21 19 22 18 19 17 21 18 19 North & Central Europe 21 31 19 19 19 26 19 27 22 32 CIS+ 24 26 25 31 25 32 25 32 23 28 Rest-of-the-World 36 22 38 29 39 24 39 21 37 20 Market Share in Key Markets (12-month moving average, December) 2016 2017 2018 2019 2020 France 22.0% 22.0% 23.2% 24.2% 27.1% Italy 22.7% 23.1% 23.9% 24.5% 25.6% Russia 32.8% 33.2% 35.6% 39.1% 38.4% Spain 22.8% 24.0% 24.8% 25.7% 26.7% Taiwan 39.9% 41.7% 42.5% 45.3% 47.7% Turkey 29.4% 28.8% 27.7% 27.4% 26.6% U.K.