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    2914   JP3726800000

JAPAN TOBACCO INC.

(2914)
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Japan Tobacco : Notice of Receipt of Dividend from JT's Consolidated Subsidiary

08/30/2021 | 02:22am EST

FOR IMMEDIATE RELEASE

Tokyo, August 30, 2021

Notice of Receipt of Dividend from JT's Consolidated Subsidiary

Japan Tobacco Inc. (JT) (TSE: 2914) announced today that the Company received a dividend of USD 1,000 million (approximately JPY 110.3 billion1 ) from its consolidated subsidiary, JT International Group Holding B.V. The dividend will have the following impact on JT's non-consolidated accounts:

1. Outline of Dividend

a) Dividend amount:

USD 1,000 million (approximately JPY 110.3 billion)

b) Date of receipt:

August 30, 2021

2. Impact on Financial Results

The dividend income of USD 1,000 million (approximately JPY 110.3 billion) will be recorded as non-operating income in JT's non-consolidated accounts for the fiscal year 2021. However, the dividend received from its consolidated subsidiary will not have any financial impact on JT's consolidated financial results for the fiscal year 2021.

###

Japan Tobacco Inc. is a leading international tobacco company with operations in more than 130 countries. With approximately 58,000 employees, it manufactures and sells some of the world's best-known brands including Winston, Camel, MEVIUS and LD. The JT Group is committed to investing in Reduced-Risk Products (RRP) and currently markets its heated tobacco products under its Ploom brand and various e-cigarette products under its Logic brand. The Group is also present in the pharmaceutical and processed food businesses. For more information, visit https://www.jt.com/.

Contact:

Dinesh Babu Thotakura, General Manager

Media and Investor Relations Division

Japan Tobacco Inc.

Tokyo: +81-3-6636-2914

E-mail: jt.media.relations@jt.com

1 The exchange rate in this release is as follows:

USD 1 = JPY 110.31 (TTM rate mean in July, 2021)

Disclaimer

Japan Tobacco Inc. published this content on 30 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 06:21:06 UTC.


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Sales 2021 2 257 B 19 915 M 19 915 M
Net income 2021 316 B 2 793 M 2 793 M
Net Debt 2021 348 B 3 075 M 3 075 M
P/E ratio 2021 12,5x
Yield 2021 6,04%
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Number of Analysts 14
Last Close Price 2 274,50 JPY
Average target price 2 495,86 JPY
Spread / Average Target 9,73%
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Naohiro Minami CFO, Representative Director & Executive VP
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Hiroyuki Miki Executive Officer, Head-Research & Development
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