JT’s Consolidated Financial Results for 2017 First Quarter

First Quarter confirms steady progress towards full year target

  • Adjusted operating profit at constant currency decreased 3.1% due to the decline of the Japanese domestic tobacco business, despite the growth in the international tobacco and pharmaceutical businesses. Although this is a decrease in comparison with the previous year, the profit was ¥ 159.3 billion of the ¥ 607.0 billion full year profit target.
    On a reported basis, the profit declined 8.6% due to unfavorable currency movements in the international tobacco business.

  • Operating profit and profit attributable to owners of the parent declined 26.9% and 27.5% respectively due to unfavorable comparison of gains from real estate assets disposals which were significant last year.

Share