Cash flow Japan Tobacco, Inc.

Equities

2914

JP3726800000

Tobacco

Delayed Japan Exchange Other stock markets 07:00:00 10/09/2024 BST			5-day change	1st Jan Change
4,207.00 ^JPY	+0.02%		+0.07%	+15.42%

09-06	Japan Tobacco Unit JT International Thailand Gains Specified Subsidiary Status	MT
08-26	Vector Purchase to Pressure Japan Tobacco's Financials, S&P Says	MT

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Published financial data: JAPAN TOBACCO, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	2,176B	2,093B	2,325B	2,658B	2,841B
Total Revenues	2,176B	2,093B	2,325B	2,658B	2,841B
Cost of Goods Sold, Total	942B	898B	957B	1,091B	1,226B
Gross Profit	1,233B	1,195B	1,368B	1,567B	1,615B
Selling General & Admin Expenses, Total	662B	600B	715B	756B	801B
R&D Expenses	64.08B	60.85B	65.02B	70.81B	75.1B
Depreciation & Amortization - (IS)	106B	104B	109B	114B	105B
Other Operating Expenses	-19.6B	-8.27B	-7.4B	-11.36B	-11.08B
Other Operating Expenses, Total	812B	756B	881B	930B	970B
Operating Income	421B	439B	487B	637B	645B
Interest Expense, Total	-27.56B	-22.53B	-23.05B	-27.02B	-28.49B
Interest And Investment Income	7.94B	7.32B	13.37B	26.54B	42.82B
Net Interest Expenses	-19.61B	-15.22B	-9.68B	-485M	14.32B
Income (Loss) On Equity Invest.	5.01B	4.04B	4B	8.01B	8.33B
Currency Exchange Gains (Loss)	-13.3B	-35.81B	-15.56B	-35.08B	-51.88B
Other Non Operating Income (Expenses)	-4.21B	4.21B	-1.39B	-24.56B	-13.25B
EBT, Excl. Unusual Items	389B	396B	464B	585B	603B
Restructuring Charges	-	1.69B	-	-	-
Merger & Related Restructuring Charges	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	76.12B	34.62B	8.22B	8.9B	18.95B
Asset Writedown	-	-12.24B	-	-	-
EBT, Incl. Unusual Items	465B	420B	472B	593B	622B
Income Tax Expense	104B	108B	132B	149B	136B
Earnings From Continuing Operations	362B	312B	340B	444B	485B
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	362B	312B	340B	444B	485B
Minority Interest	-13.43B	-1.78B	-1.69B	-1.46B	-3.02B
Net Income - (IS)	348B	310B	338B	443B	482B
Net Income to Common Incl Extra Items	348B	310B	338B	443B	482B
Net Income to Common Excl. Extra Items	348B	310B	338B	443B	482B
Per Share Items
Net EPS - Basic	195.97	174.88	190.76	249.45	271.69
Basic EPS - Continuing Operations	195.97	174.88	190.76	249.45	271.69
Basic Weighted Average Shares Outstanding	1.78B	1.77B	1.77B	1.77B	1.78B
Net EPS - Diluted	195.87	174.8	190.68	249.36	271.63
Diluted EPS - Continuing Operations	195.87	174.8	190.68	249.36	271.63
Diluted Weighted Average Shares Outstanding	1.78B	1.77B	1.78B	1.78B	1.78B
Normalized Basic EPS	129.31	138.5	162.54	205.03	210.48
Normalized Diluted EPS	129.25	138.44	162.47	204.96	210.43
Dividend Per Share	154	154	140	188	194
Payout Ratio	77.79	88.04	74.43	60.12	76.16
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	605B	607B	674B	836B	825B
EBITA	421B	505B	487B	637B	645B
EBIT	421B	439B	487B	637B	645B
EBITDAR	-	616B	-	-	-
Effective Tax Rate - (Ratio)	22.27	25.72	27.99	25.15	21.93
Total Current Taxes	-	111B	-	-	-
Total Deferred Taxes	-	-3.11B	-	-	-
Normalized Net Income	230B	246B	288B	364B	374B
Interest on Long-Term Debt	-	1.46B	-	-	-
Non-Cash Pension Expense	-1.4B	5.22B	3.95B	3.88B	7.8B
Supplemental Operating Expense Items
Advertising Expense	136B	119B	138B	154B	180B
Selling and Marketing Expenses	191B	177B	205B	233B	259B
Research And Development Expense From Footnotes	64.08B	60.85B	65.02B	70.81B	75.1B
Net Rental Expense, Total	-	9.17B	-	-	-
Imputed Operating Lease Interest Expense	-	1.61B	-	-	-
Imputed Operating Lease Depreciation	-	7.56B	-	-	-
Stock-Based Comp., SG&A Exp. (Total)	-	593M	-	-	-
Total Stock-Based Compensation	-	593M	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	357B	539B	722B	867B	1,040B
Short Term Investments	-	18.83B	-	-	-
Total Cash And Short Term Investments	357B	558B	722B	867B	1,040B
Accounts Receivable, Total	459B	403B	457B	477B	535B
Other Receivables	15.24B	24.31B	19.03B	21.9B	21.8B
Total Receivables	474B	427B	476B	499B	557B
Inventory	678B	540B	563B	692B	833B
Prepaid Expenses	22.17B	352B	18.34B	18.73B	20.85B
Other Current Assets, Total	395B	128B	542B	647B	809B
Total Current Assets	1,926B	2,004B	2,321B	2,724B	3,260B
Gross Property Plant And Equipment	-	1,715B	-	-	-
Accumulated Depreciation	-	-955B	-	-	-
Net Property Plant And Equipment	803B	759B	756B	776B	821B
Long-term Investments	246B	147B	209B	265B	288B
Goodwill	2,003B	1,909B	2,061B	2,446B	2,616B
Other Intangibles, Total	440B	364B	307B	246B	207B
Deferred Tax Assets Long-Term	135B	123B	120B	91.43B	89.38B
Other Long-Term Assets, Total	-2M	75.27B	-	-1M	-
Total Assets	5,553B	5,381B	5,774B	6,548B	7,282B
Liabilities
Accounts Payable, Total	409B	234B	556B	540B	593B
Accrued Expenses, Total	-	3.7B	-	-	-
Short-term Borrowings	193B	51.63B	70.64B	63.73B	209B
Current Portion of Long-Term Debt	91.55B	89.84B	72.26B	73.58B	24.36B
Current Portion of Leases	-	17.25B	-	-	-
Current Income Taxes Payable	69.54B	46.46B	30.79B	37.47B	29.65B
Other Current Liabilities	739B	881B	771B	848B	1,071B
Total Current Liabilities	1,502B	1,324B	1,500B	1,563B	1,927B
Long-Term Debt	690B	817B	776B	821B	909B
Long-Term Leases	-	49.28B	-	-	-
Pension & Other Post Retirement Benefits	321B	332B	296B	244B	279B
Deferred Tax Liability Non Current	80.43B	64.45B	69.96B	40.06B	40.59B
Other Non Current Liabilities	216B	195B	246B	264B	213B
Total Liabilities	2,809B	2,782B	2,888B	2,931B	3,370B
Common Stock, Total	100B	100B	100B	100B	100B
Additional Paid In Capital	736B	736B	736B	736B	736B
Retained Earnings	2,751B	2,784B	2,864B	3,090B	3,192B
Treasury Stock	-492B	-492B	-491B	-490B	-489B
Comprehensive Income and Other	-432B	-606B	-400B	104B	291B
Total Common Equity	2,663B	2,523B	2,809B	3,540B	3,830B
Minority Interest	80.92B	76.66B	76.82B	76.33B	82.34B
Total Equity	2,744B	2,599B	2,886B	3,617B	3,912B
Total Liabilities And Equity	5,553B	5,381B	5,774B	6,548B	7,282B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.77B	1.77B	1.77B	1.77B	1.78B
ECS Total Common Shares Outstanding	1.77B	1.77B	1.77B	1.77B	1.78B
Book Value / Share	1.5K	1.42K	1.58K	1.99K	2.16K
Tangible Book Value	220B	250B	441B	848B	1,007B
Tangible Book Value Per Share	123.84	140.81	248.6	477.75	567.08
Total Debt	975B	1,025B	919B	958B	1,142B
Net Debt	617B	468B	197B	91.43B	102B
Debt Equivalent of Unfunded Proj. Benefit Obligation	253B	261B	243B	186B	214B
Debt Equivalent Oper. Leases	-	73.38B	-	-	-
Minority Interest, Total (Incl. Fin. Div)	80.92B	76.66B	76.82B	76.33B	82.34B
Equity Method Investments, Total	52.9B	40.23B	41.72B	56.94B	56.73B
Account Code - Inventory Valuation	-	6	-	-	-
Inventories - Raw Materials, Total	366B	335B	349B	440B	520B
Inventories - Finished Goods, Total	236B	131B	135B	146B	190B
Inventories - Others	75.65B	74.25B	79.06B	106B	123B
Land - (BS)	-	686B	-	-	-
Machinery, Total	-	979B	-	-	-
Full Time Employees	61.98K	58.3K	55.38K	52.64K	53.24K
Accumulated Allowance for Doubtful Accounts (Supple)	2.48B	1.92B	1.31B	2.53B	3.9B

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	465B	310B	472B	593B	622B
Depreciation & Amortization - CF	184B	121B	187B	200B	180B
Amortization of Goodwill and Intangible Assets - (CF)	-	66.29B	-	-	-
Depreciation & Amortization, Total	184B	187B	187B	200B	180B
Amortization of Deferred Charges, Total - (CF)	-	11.9B	-	-	-
(Gain) Loss From Sale Of Asset	7.82B	-40.82B	18.79B	22.65B	-3.1B
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-849M	104M
Asset Writedown & Restructuring Costs	-	12.57B	-	-	-
(Income) Loss On Equity Investments - (CF)	-5.01B	-4.04B	-4B	-8.01B	-8.33B
Net Cash From Discontinued Operations	-	-	-	-	-
Other Operating Activities, Total	-136B	-24.11B	-132B	-191B	-159B
Change In Accounts Receivable	10.67B	21.55B	-29.89B	26.57B	-30.17B
Change In Inventories	-32.82B	748M	9.77B	-93.91B	-136B
Change In Accounts Payable	61.78B	39.29B	141B	-24.72B	167B
Change in Other Net Operating Assets	-14.62B	5.07B	-64.42B	-39.59B	-65B
Cash from Operations	540B	520B	599B	484B	567B
Capital Expenditure	-111B	-85.32B	-86.35B	-81.41B	-94.86B
Cash Acquisitions	-	-1.14B	-	-	-
Divestitures	-	-	2.56B	3.03B	1.37B
Sale (Purchase) of Real Estate properties	-	86.26B	-	-	-
Sale (Purchase) of Intangible assets	-22B	-23.3B	-16.57B	-18B	-26.35B
Investment in Marketable and Equity Securities, Total	31.99B	27.07B	-3.88B	-17.95B	-28.65B
Other Investing Activities, Total	-22.19B	1.78B	6.74B	12.51B	22.36B
Cash from Investing	-124B	5.35B	-97.5B	-102B	-126B
Short Term Debt Issued, Total	-	-	22.89B	-	143B
Long-Term Debt Issued, Total	59.44B	222B	58.63B	70.7B	62.68B
Total Debt Issued	59.44B	222B	81.52B	70.7B	206B
Short Term Debt Repaid, Total	-44.98B	-132B	-	-27.61B	-
Long-Term Debt Repaid, Total	-11.57B	-110B	-160B	-72.85B	-83.1B
Total Debt Repaid	-56.54B	-242B	-160B	-100B	-83.1B
Repurchase of Common Stock	-50B	-1M	-1M	-1M	-1M
Common Dividends Paid	-	-273B	-	-	-
Common & Preferred Stock Dividends Paid	-271B	-	-252B	-266B	-367B
Common & Preferred Stock Dividends Paid	-271B	-273B	-252B	-266B	-367B
Other Financing Activities, Total	-15.85B	-4.42B	-22.36B	-10.24B	-25.79B
Cash from Financing	-334B	-297B	-353B	-306B	-270B
Foreign Exchange Rate Adjustments	-7.91B	-46.1B	34.62B	69.35B	2.94B
Miscellaneous Cash Flow Adjustments	1M	1M	-1M	-	-
Net Change in Cash	75.1B	182B	183B	145B	173B
Supplemental Items
Cash Interest Paid	24.35B	19.55B	19.11B	23.73B	26.32B
Cash Income Tax Paid (Refund)	147B	125B	142B	194B	159B
Levered Free Cash Flow	293B	413B	413B	292B	350B
Unlevered Free Cash Flow	310B	427B	427B	309B	368B
Change In Net Working Capital	3.27B	-61.9B	-39.04B	189B	94.03B
Net Debt Issued / Repaid	2.89B	-19.85B	-78.84B	-29.76B	123B

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.78	5.02	5.45	6.46	5.83
Return on Total Capital	7.12	7.41	8.19	9.5	8.37
Return On Equity %	13.28	11.68	12.4	13.66	12.89
Return on Common Equity	13.16	11.97	12.7	13.94	13.09
Margin Analysis
Gross Profit Margin %	56.69	57.09	58.84	58.95	56.85
SG&A Margin	30.41	28.65	30.74	28.46	28.2
EBITDA Margin %	27.81	28.98	28.99	31.47	29.03
EBITA Margin %	19.36	24.14	20.94	23.95	22.71
EBIT Margin %	19.36	20.97	20.94	23.95	22.71
Income From Continuing Operations Margin %	16.62	14.91	14.63	16.71	17.08
Net Income Margin %	16	14.83	14.56	16.66	16.98
Net Avail. For Common Margin %	16	14.83	14.56	16.66	16.98
Normalized Net Income Margin	10.56	11.74	12.41	13.69	13.15
Levered Free Cash Flow Margin	13.48	19.75	17.77	10.99	12.31
Unlevered Free Cash Flow Margin