Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Japan Tobacco Inc    2914   JP3726800000

JAPAN TOBACCO INC (2914)
Mes dernières consult.
Most popular
  Report  
SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Japan Tobacco : JTI investment lauded by DOF

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/10/2017 | 05:20pm CET

THE Department of Finance (DOF) has lauded the P46.8-billion investment by Japan Tobacco Inc. (JTI) secured by Finance Secretary Carlos G. Dominguez III during his Japan visit.

The DOF considers the investment as an expression of support by the company in the government's drive to broaden the country's revenue base through running after tax cheats in the country, according to the country's revenue supervisor.

In a Letter of Intent (LOI), the JTI said it will 'continue to support the economic growth of the [Philippines] with contributions to infrastructure and human-resource development, and help create more jobs in the country while fully complying with government regulations and promoting the welfare of the Filipino people through responsible corporate governance programs.'

Represented by its President and CEO Mitsuomi Koizumi, JTI said its investment underlines the firm's intent to 'consolidate and expand its presence in one of Asia's robust economies and enhance its business base in the Asean [Association of Southeast Asian Nations], with the Philippines serving as its regional hub.'

'JT Group enthusiastically supports the DOF in its tax-collection effectiveness program, and enthusiastically supports the realization of DOF goals to enhance the Philippines's revenue base to bring about inclusive growth,' the LOI read.

The LOI was presented to the DOF in signing ceremonies held at Imperial Hotel in Tokyo to signify JTI's commitment to continue expanding its affiliates' presence in the cigarette market in the Philippines following its acquisition of the tobacco-related assets of Mighty Corp.

JTI's purchase of Mighty led to a tax-collection windfall for the Philippine government of over P30 billion.

'The reason for the investment is two-fold: the transaction enables the JT Group to consolidate its business foundation through expanded distribution and strengthened brand portfolio by providing JTI with more than a quarter of market share in a country with robust economic growth, and the transaction allows JTI to enhance its business base in the Asean region with the Philippines serving as its regional hub,' the LOI read.

Japan's largest cigarette manufacturer, the JTI entered the Philippine market in 2000 with an initial investment of P10 billion. This increased to P20 billion in 2015 with the construction of a manufacturing plant at the Lima Technology Center in Batangas.

Early in the year, Bulacan-based Mighty sold its assets to JTI to settle tax liabilities to the government for P25 billion, which increased to P30 billion due to value-added tax.

(c) 2017 Business Mirror Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JAPAN TOBACCO INC
02/19JAPAN TOBACCO : Congratulations to Cambodia and Japan from the JTI Foundation
AQ
02/15JAPAN TOBACCO : Patent Issued for Flavor Inhaler (USPTO 9883695)
AQ
02/08JAPAN TOBACCO : Patent Issued for Flavor Inhaler (USPTO 9877506)
AQ
02/07THE BRIEFCASE THE BRIEFCASE : Lowe's wins property tax appeal vs. Forsyth
AQ
02/06Japan Tobacco to launch new smokeless product this year
RE
02/04JAPAN TOBACCO : Cigarette tax take substantially higher
AQ
01/31JAPAN TOBACCO : Metrion acquires rights to potassium channel inhibitors
AQ
01/25JAPAN TOBACCO : Patent Application Titled "Storage Case for Storing Hinge-Lidded..
AQ
01/25JAPAN TOBACCO : Patent Application Titled "Method for Gene Transfer into Plant B..
AQ
01/19JAPAN TOBACCO : Recent Findings from Japan Tobacco Has Provided New Information ..
AQ
More news
News from SeekingAlpha
02/07Japan Tobacco ADR 2017 Q4 - Results - Earnings Call Slides 
01/25FDA win for Japan Tobacco 
2017FDA Trouble Ahead For Vaporizer Stocks? 
2017Youth tobacco use dropped in 2016 
2017WHO issues report on impact of tobacco growing 
Financials ( JPY)
Sales 2018 2 219 B
EBIT 2018 -
Net income 2018 422 B
Debt 2018 207 B
Yield 2018 4,80%
P/E ratio 2018 13,34
P/E ratio 2019 12,24
EV / Sales 2018 2,95x
EV / Sales 2019 2,79x
Capitalization 6 334 B
Chart JAPAN TOBACCO INC
Duration : Period :
Japan Tobacco Inc Technical Analysis Chart | 2914 | JP3726800000 | 4-Traders
Technical analysis trends JAPAN TOBACCO INC
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 4 255  JPY
Spread / Average Target 34%
EPS Revisions
Managers
NameTitle
Mitsuomi Koizumi President, CEO & Representative Director
Yasutake Tango Chairman
Hideki Miyazaki Director, EVP, Head-Finance, CSR & Communications
Yasushi Shingai Representative Director, Deputy CEO & VP
Mutsuo Iwai Representative Director & Executive Vice President
Sector and Competitors
1st jan.Capitalization (M$)
JAPAN TOBACCO INC-11.87%59 132
ALTRIA GROUP-8.72%124 643
ITC1.80%51 173
HANJAYA MANDALA SAMPOERNA TBK PT--.--%41 747
KT&G CORP--.--%13 127
GUDANG GARAM TBK PT--.--%11 480