JAPAN TOBACCO, INC. Integrated Report 2022
Japan Tobacco Inc.
JT Group Purpose
Fulfilling Moments,
Enriching Life
Japan Tobacco Inc. Integrated Report 2022 | 001 |
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CONTENTS
006 At a glance
008 Our value chains
012 Key performance indicators
- Financial performance review
- Non-financialperformance review
016 IDENTITY
018 Our management principle
020 JT Group history and the values we cherish
022 Message from the CEO
"The moments that give consumers and people in society fulfillment change with the times. Staying close to their diversifying needs, the JT Group strive to realize 'fulfilling moments' through our evolving business operations, without limiting ourselves to what we are now."
028 Message from the Executive Vice President
"The significance of designating `Fulfilling Moments, Enriching Life' as the JT Group Purpose is in continuously communicating to the world
046 BUSINESS and STRATEGIES
048 Business Plan 2023
050 Message from the CFO
"Even in a highly uncertain business environment, we are working to maintain a firm financial foundation and accelerate investment to secure profit growth over the medium and long terms and raise shareholder returns."
056 Tobacco business
- Pharmaceutical business
- Processed food business
078 The Group's sustainability initiatives
- Improving our environmental impact
- Investing in people
- Investing in people: Health and safety
- Improving our social impact
- Respect for human rights
088 GOVERNANCE
the reason for our existence through our work to realize it."
034 Our value creation process
036 MATERIALITY and SUSTAINABILITY
038 The JT Group Materiality and sustainability
044 CSO interview
"We will strive further by creating and providing values unique to the JT Group. We wish to continue our journey to achieve sustainable growth, together with our stakeholders, local communities and the society that we are a part of."
090 Executive roundtable
"We are working to further enhance governance to ensure that we remain a corporation that can fulfill and win the trust of our many stakeholders."
- Corporate governance
- Management structure
- Internal controls
114 FINANCIAL INFORMATION/OTHERS
116 Risk factors
- Regulation and key laws
- Litigation
- Long-termconsolidated financial data
- Glossary of terms
- Awards and recognitions
- Shareholder information and contact information
Cover story
The first few pages of the report describe the image of the JT Group Purpose, which has been described to clarify the JT Group's direction for its sustainable existence. We, the JT Group, will not stay in our current form, but will move forward towards the realization of "Fulfilling Moments, Enriching Life" in order to further contribute to the enrichment of society.
We would like to express our gratitude towards our stakeholders for the many comments we receive each year on our Integrated Report. We have incorporated these comments as an important element during the planning process and the production of this report.
Our Integrated Report | information | ||
In this report, we integrate financial information, such as our management | JT website Sustainability | ||
policy, business strategy and performance trends, with sustainability | |||
information such as non-financial information that gives an insight into | • Top management message | • Environment | |
our growth over the medium and long terms. The purpose of this report is | nancial- | • Our sustainability strategy | • Governance and |
to inform the wide range of our stakeholders, including shareholders and | • Respecting human rights | compliance | |
investors, about the JT Group's current and future value creation story. | • Improving our social impact | • Investing in people | |
Aiming to facilitate our readers to better understand the contents, a HTML | Non | ||
version of this report will be available on our website from the end of June | |||
2023 onwards.
• Results and reports | • For debt investors | information | dependent upon assumptions, estimates and data that may be incorrect or | |||||
JT website Investor Relations | ||||||||
• Management information | • IR calendar | Forward-looking statements contained in this document are necessarily | ||||||
• For shareholders | Financial | imprecise and involve known and unknown risks and uncertainties. Actual | ||||||
results, performance or achievements, or those of the industries in which | ||||||||
Japan Tobacco Inc. | we operate, may differ materially from any future results, performance or | |||||||
Integrated Report 2022 | ||||||||
achievements expressed or implied by these forward-looking statements. | ||||||||
Please see "FORWARD-LOOKING STATEMENTS" on P. 131 for further details. | ||||||||
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At a glance
The JT Group is a leading global tobacco company and our products are sold in over 130 markets. In addition to the tobacco business, we operate pharmaceutical and processed food businesses.
IDENTITY | MATERIALITY and | BUSINESS and | GOVERNANCE | FINANCIAL INFORMATION / |
SUSTAINABILITY | STRATEGIES | OTHERS | ||
Global business foundation
Revenue (2022)
Processed food | Others 0.1% |
business 5.9% |
2,657.8 |
(JPY BN) |
Pharmaceutical | Tobacco |
business 3.1% | business 91.0% |
Number of employees (As of December 31, 2022)
Processed food | Others 1.6% |
business 8.2% |
52,640 |
employees |
Pharmaceutical | Tobacco |
business 2.5% | business 87.7% |
The Group's tobacco business has the third largest sales | consumers' trust. As of the end of 2022, the Group operates |
volume in the world* and includes 3 of the top 10 global | 5 factories in Japan (3 manufacturing tobacco and 2 tobac- |
selling combustible brands in its product portfolio. | co-related factories), and 33 factories in 27 other countries |
The Group has a global manufacturing footprint and aims | (including tobacco-related factories). |
to manufacture quality tobacco products that secure | * Excluding China National Tobacco Corporation |
Key market shares in tobacco business (As of December 31, 2022)
ROMANIA | % | |||
29.5 | ||||
27.4 | RUSSIA* | |||
% | ITALY | |||
% | ||||
36.6 | ||||
U.K. | ||||
45.1 | SPAIN | JAPAN* |
Tobacco business
The tobacco business, headquartered in Geneva, Switzerland since 2022, manufactures and offers tobacco products all over the world.
Its key markets include Italy, Japan, Romania, Russia, Spain, Taiwan, the Philippines, the U.K, and Turkey, with leading brands in combustibles, such as Winston, Camel, MEVIUS and LD, as well as in RRP (Reduced-Risk Products),* such as Ploom and Logic.
* RRP (Reduced-Risk Products): Products with the potential to reduce the risks associated with smoking
Pharmaceutical business
% | |||||||
% | TAIWAN | % | |||||
28.5 | TURKEY | THE PHILIPPINES | |||||
% | |||||||
48.9 | |||||||
% | % | ||||||
27.8 | 37.1 |
* Market size data for Japan and Russia reflects total tobacco figures of combustibles and RRP
The pharmaceutical business focuses on the R&D, manufacturing, and sale of prescription drugs, concentrating on three specific therapeutic areas: Cardiovascular, Renal and Metabolism (CVRM); immunology; and neuroscience.
Its products include CORECTIM® Ointment 0.25% and CORECTIM® Ointment 0.5%, Riona® Tablets 250mg and ENAROY® Tablets 2 mg • 4 mg, among others.
Processed food business
The processed food business is present in the frozen and ambient food business, mainly for frozen noodles, frozen okonomiyaki (Japanese savory pancakes), and packaged cooked rice, and the seasonings business, focusing on seasonings including yeast extracts.
Major products include Reito-Sanuki-Udon (frozen noodles), Gottsu-umai okonomiyaki (Japanese savory pancakes), and HIMAX (yeast extract seasoning) in particular.
Factories (As of December 31, 2022) | |
Tobacco business | 38 factories |
(Japan: 5, other countries: 33) | |
Processed food business | 23 factories |
(Japan: 15, other countries: 8) |
Note: There are no factories in the pharmaceutical business
-
Tobacco factories Europe: 11 Middle East/Africa: 8 Asia: 9
North America: 1
Central and South America: 1 - Other tobacco-related factories Europe: 2
Middle East/Africa: 2
Asia: 3
North America: 1 - Processed food factories
Asia: 22
North America: 1
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Japan Tobacco Inc. published this content on 09 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 June 2023 06:04:00 UTC.
