Japan Tobacco : Tobacco Council Releases Determinations for 2015 Tobacco Cultivation
November 06, 2014 at 01:52 am EST
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Tobacco Council Releases Determinations for 2015 Tobacco Cultivation
Tokyo, November 6, 2014 --- Japan Tobacco Inc. (JT) (TSE: 2914) announced today that the Leaf Tobacco Deliberative Council, chaired by Yoshio Kobayashi, released its annual determinations for domestic leaf tobacco cultivation area and grower prices for 2015, in response to a proposal submitted by JT earlier in the day.
The Council was in general agreement with JT's proposal, and determined that in 2015, the domestic tobacco cultivation area will be set at 8,662 hectares, a decrease of 2.7% compared to that of the previous year. The leaf tobacco grower price for all leaf types will be set at an average of JPY1,920.1 per kilogram, an increase of 0.71% compared to that of the previous year.
JT will undertake its operations in 2015 based on the Council's determinations.
Cultivation area for each type of leaf tobacco in 2015
Units: Hectares
Contracted cultivation
area in 2014
Agreed cultivation
area for 2015
Difference
Domestic leaf tobacco
24
8
-16
Burley leaf tobacco
3,116
2,975
-141
Flue-cured leaf tobacco
5,761
5,679
-82
Total
8,901
8,662
-239
About The Leaf Tobacco Deliberative Council
The Leaf Tobacco Deliberative Council is a council which confers on important matters concerning the cultivation and purchase of domestically grown leaf tobacco in response to inquiries by JT representatives. The council consists of no more than 11 members, appointed by JT with the approval of the Minister of Finance from among representatives of domestic leaf tobacco growers and academic appointees.
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Japan Tobacco Inc. is a leading international tobacco product company. Its products are sold in over 120 countries and its internationally recognized brands include Winston, Camel, Mevius and LD. With diversified operations, JT is also actively present in pharmaceuticals, beverages and processed foods. The company's revenue was ¥2.400 trillion (US$23,318 million(*)) in the fiscal year ended March 31, 2014.
*Translated at the rate of ¥102.92 per $1, as of March 31, 2014
Japan Tobacco Inc. specializes in manufacturing and marketing of tobacco products. The group's products include primarily cigarettes, cigars, chewing and snuff tobaccos. Net sales break down by activity as follows:
- sale of tobacco products overseas (66%): 460 billion products sold in 2021, under the brands Winston, Camel, Silk Cut, Sobranie, Glamour, etc.;
- sale of tobacco products in Japan (24.1%): 67 billion products sold under the brands Cabin Prestige, Seven Stars, Pianissimo, Mild Seven, etc.;
- distribution of food products (6.3%);
- development of pharmaceutical products (3.5%): primarily for dyslipidemia, osteoporosis and Hepatitis C treatment;
- other (0.1%).
68.5% of net sales are abroad.
JAPAN TOBACCO, INC. 
