JT Group 2019 Financial Results & 2020 Forecast

Highlights (vs. 2018)

  • Revenue decreased 1.8% to JPY 2,175.6 billion.

  • Adjusted operating profit at constant FX increased 0.9% to JPY 600.8 billion.

  • On a reported basis, adjusted operating profit decreased 13.4% to JPY 515.9 billion.

  • Operating profit decreased 11.1% to JPY 502.4 billion.

  • Profit attributable to owners of the parent company decreased 9.7% to JPY 348.2 billion.

  • Free cash flow was JPY 404.2 billion.

  • The Company plans to pay an annual dividend per share of JPY 154.

FY2020 Forecasts (vs. 2019):

  • Revenue to increase 0.2% to JPY 2,180.0 billion.

  • Adjusted operating profit at constant FX expected to be stable at JPY 516.0 billion.

  • On a reported basis, adjusted operating profit is forecast to decline 2.5% to JPY 503.0 billion.

  • Operating profit is forecast to decrease 6.2% to JPY 471.0 billion.

  • Profit attributable to owners of the parent company is expected at JPY 305.0 billion, a 12.4% decline.

  • The Company plans to offer an annual dividend of JPY 154. [...]

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