2017 results for January 1 to December 31: Despite growth in the international tobacco and pharmaceutical businesses, adjusted operating profit at constant FX was almost flat due to the declining sales volume in the Japanese domestic tobacco business.
2018 consolidated forecast: Adjusted operating profit at constant FX is forecast to grow 3.7% versus the previous year despite a challenging operating environment.
The Company’s Board is recommending a total dividend per share of ¥140, including a first half-year dividend per share of ¥70. For 2018, the Company intends to increase the total dividend per share to ¥150.
Business Plan 2018
The tobacco business remains our profit growth engine and we expect contribution from the pharmaceutical and processed food businesses to complement the JT Group’s profit growth.
In the tobacco business, we are
Accelerating investment in Reduced-Risk Products1 as future growth drivers of the tobacco business.
Enhancing business foundations in traditional tobacco products, such as cigarettes, by investing in brand equity and geographical expansion. […]