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:
以下是日本菸草公司（JAPAF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
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.
日本菸草公司報告稱，2023年調整後營業利潤（AOP）增長5.2％，收入同比增長6.9％，這主要歸因於其菸草業務。
在房地產銷售和商標權攤銷減少的推動下，該公司的營業利潤增長了2.9％。
由於金融和企業所得稅的減少，淨利潤增長了8.9％。
自由現金流增加了608億日元，達到4437億日元。
2024年，預計核心收入同比增長3.9％，這將由菸草業務推動，但AOP預計將同比持平至7,280億日元。
Business Progress:
業務進展：
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.
由於皮膚病和過敏原領域的銷售增加，製藥業務的收入有所增加。
儘管由於烘焙業務的轉移，加工食品板塊出現虧損，但在收入增長的推動下，AOP同比增長。
該公司計劃維持其資源分配政策，通過增加投資，尤其是對菸草業務的投資，優先考慮可持續的利潤增長。
該公司的目標是以恒定外匯實現調整後營業利潤（AOP）的中到高個位數年均增長。
該公司的目標是通過營銷投資、定價繳款和成本效益來維持可燃物的收入增長。
此外，他們的目標是到2025年底滿足全球約80％的加熱不燃燒（HTS）需求，併到2026年底在40個市場推出Ploom X。
該公司正在積極努力通過其可持續發展戰略解決社會問題，並正在通過其企業研發計劃D-LAB尋找未來的商機。
More details: JAPAN TOBACCO INC IR
更多詳情： 日本菸草公司 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。