Japan Tobacco Inc. (JT) (TSE: 2914) today announces that its Board of Directors has made resolution to revise the year-end dividend guidance per share to JPY 75 yen.
1. Rationale for Revision
JT has revised upward its full-year business forecast by taking account the Company's consolidated financial performance for the first nine months in 2021. The company, in accordance with the Group's shareholder return policy, has revised upward its guidance of the year-end dividend per share by 10 yen to 75 yen, which is based on its estimation that the profit attributable to owners of the parent company is expected to exceed the initial forecast. Accordingly, a total annual dividend per share is expected to be 140 yen, including the interim dividend.
2. Revision
Annual Dividends (Yen)
End of 2nd quarter
Year-end
Total
Previous Guidance
65
65
130
(issued on February 9, 2021)
Revised Guidance
75
140
FY2021
65
Actual to date
FY2020 Actual
77
77
154
(ended December 31, 2020)
Note: For more details on the full-year business forecast, please visit the Company's website (https://www.jt.com/investors/index.html), where materials for investors' meeting have been released today.
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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/.
Contacts:
Dinesh Babu Thotakura, General Manager
Jo Oshiana Ogawa, Associate Manager
Media and Investor Relations Division
Japan Tobacco Inc.
Tokyo: +81-3-6636-2914
E-mail: jt.media.relations@jt.com
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Japan Tobacco Inc. published this content on 29 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 October 2021 06:07:04 UTC.
Japan Tobacco Inc. specializes in manufacturing and marketing of tobacco products. The group's products include primarily cigarettes, cigars, chewing and snuff tobaccos. Net sales break down by activity as follows:
- sale of tobacco products overseas (66%): 460 billion products sold in 2021, under the brands Winston, Camel, Silk Cut, Sobranie, Glamour, etc.;
- sale of tobacco products in Japan (24.1%): 67 billion products sold under the brands Cabin Prestige, Seven Stars, Pianissimo, Mild Seven, etc.;
- distribution of food products (6.3%);
- development of pharmaceutical products (3.5%): primarily for dyslipidemia, osteoporosis and Hepatitis C treatment;
- other (0.1%).
68.5% of net sales are abroad.
JAPAN TOBACCO, INC. 
