Earnings Call Summary | JAPAN TOBACCO INC(JAPAF.US) Q4 2023 Earnings Conference
Earnings Call Summary | JAPAN TOBACCO INC(JAPAF.US) Q4 2023 Earnings Conference
The following is a summary of the Japan Tobacco Inc. (JAPAF) Q4 2023 Earnings Call Transcript:
以下是日本烟草公司（JAPAF）2023年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Japan Tobacco reported an increase of 5.2% in their Adjusted Operating Profit (AOP) in 2023, and a revenue growth of 6.9% YoY, primarily due to their Tobacco business.
The company saw an increase in Operating profit by 2.9% assisted by real estate sales and reduced trademark right amortizations.
Net profit rose by 8.9% due to reduction in financial and corporate income taxes.
The free cash flow saw an increase by ¥60.8 billion to ¥443.7 billion.
For the year 2024, an increase of 3.9% YoY in core revenue is predicted which would be driven by the Tobacco business, but AOP is expected to stay flat YoY at JPY 728 billion.
日本烟草公司报告称，2023年调整后营业利润（AOP）增长5.2％，收入同比增长6.9％，这主要归因于其烟草业务。
在房地产销售和商标权摊销减少的推动下，该公司的营业利润增长了2.9％。
由于金融和企业所得税的减少，净利润增长了8.9％。
自由现金流增加了608亿日元，达到4437亿日元。
2024年，预计核心收入同比增长3.9％，这将由烟草业务推动，但AOP预计将同比持平至7,280亿日元。
Business Progress:
业务进展：
There has been an increase in revenue in the Pharmaceutical business due to enhancement in sales in the section of skin diseases and allergens.
Despite losses in the Processed Food segment due to the transfer of the Bakery business, AOP increased YoY, helped by top line growth.
The company plans to maintain its resource allocation policy which prioritizes sustainable profit growth through increasing investments especially in their tobacco business.
A mid to high-single-digit average annual growth in Adjusted Operating Profit (AOP) at constant FX is being aimed for by the company.
The company aims to maintain top line growth in Combustibles through marketing investment, pricing contributions and cost efficiencies.
Furthermore, they're aiming to cover approximately 80% of the global Heat-Not-Burn (HTS) demand by the end of 2025 and make Ploom X available in 40 markets by the end of 2026.
The company is actively working on resolving social issues through their sustainability strategy and is looking for future business opportunities through their corporate R&D initiative, D-LAB.
由于皮肤病和过敏原领域的销售增加，制药业务的收入有所增加。
尽管由于烘焙业务的转移，加工食品板块出现亏损，但在收入增长的推动下，AOP同比增长。
该公司计划维持其资源分配政策，通过增加投资，尤其是对烟草业务的投资，优先考虑可持续的利润增长。
该公司的目标是以恒定外汇实现调整后营业利润（AOP）的中到高个位数年均增长。
该公司的目标是通过营销投资、定价缴款和成本效益来维持可燃物的收入增长。
此外，他们的目标是到2025年底满足全球约80％的加热不燃烧（HTS）需求，并到2026年底在40个市场推出Ploom X。
该公司正在积极努力通过其可持续发展战略解决社会问题，并正在通过其企业研发计划D-LAB寻找未来的商机。
More details: JAPAN TOBACCO INC IR
更多详情： 日本烟草公司 IR
Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：本文由 AI 生成。无法完全保证内容的准确性。欲了解更多详情，请访问投资者关系网站。本文仅供投资者参考，不构成任何投资建议。