Japan Tobacco raises sales at home and internationally

Japan Tobacco Inc’s local cigarette sales during the nine months till the end of December 2012, at 89.4 billion, were raised by 10.5% on those of the nine months to the end of December 2011.

The 2011 figure was adversely influenced by the production and distribution challenges JT confronted following the earthquake and tsunami in March 2011.

Japan Tobacco

Japan Tobacco International

JT’s market share increased from 54.8% during April-December 2011 to 59.5% during April-December 2012, and achieved 60% in December 2012.

Key income for the local tobacco business was up by 10.2% to ¥502.8 billion and adjusted EBITDA raised by 13.3% to ¥226.9 billion.

JT’s consolidated outcomes involved first nine-month statistics for Japan Tobacco International, which observed its shipments during the period January 1, 2012 to September 30, 2012, at 327.9 billion, raised by 2.6% on those of the same period of 2011.

Excluding the consequences of acquisitions (Haggar Cigarette & Tobacco Factory Ltd and GrysonNV), shipments increased by 1.2% to 323.4 billion.

The shipments of global flagship brands, such as Winston and Glamour cigarettes, raised by 5.1% to 202.5 billion.

JTI’s key income was up by 3.0% to ¥702.9 billion and it’s adjusted EBITDA increased by 4.2% to ¥266.0 billion.

JT’s overall consolidated income increased by 4.0% to ¥1,608.4 billion and its adjusted EBITDA grew by 8.5% to ¥494.5 billion. Operating profit increased by 13.2% to ¥411.7 billion.

“JT’s tobacco businesses performed strongly,” said Mitsuomi Koizumi, president and CEO.

“Worldwide, the company has continued to provide a robust performance among a challenging environment, showing the soundness of its strategic emphasis on major line growth and broadening the earnings base. In Japan, its market share has recovered gradually, driven by attempts to improve brand equity.

“The change to Mevius from Mild Seven has started easily. This is a crucial stage to realizing the company’s growth strategy with the long-term aim of Mevius being the number one global premium brand.

“Looking ahead, JTI will continue to follow quality top line growth by putting first business investment for sustainable medium to long-term profit growth.”

At the same time, JTI revealed separately that its cigarette shipments during the year to the end of December, at 436.5 billion, increased 2.5% on those of January-December 2011.

Meanwhile, global flagship brand shipments were grew by 4.8% to 268.8 billion.

Main earnings increased by 5.4% to US$11,817 million and key income per 1,000 cigarettes was up by 2.7% to US$27.3. Adjusted EBITDA increased by 9.1% to US$4,302 million.

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