The JT Group's Business Plan covers a three-year period, and is rolled-over annually to reflect the most recent changes in our business environment including economics, geopolitics and competition. The operating environment surrounding us is expected to revolve dramatically. By developing ourselves into a company that initiates change and drives evolution, we aim to achieve sustainable profit growth under such circumstances.
Group proﬁt target
- Annual average growth rate of adjusted operating profit at constant currency over mid- to long-term: Mid to high single-digit
Shareholder return policy
Aim to enhance shareholder returns considering the Group's mid- to long-term profit growth trend, while maintaining a strong financial base*
- Work toward stable and consistent growth in dividend per share
- Consider implementing a share buy-back program, taking into account the Group's mid-term operating environment and financial outlook
- Continue to closely monitor shareholder returns of global FMCG companies**
As its financial policy, the Company will maintain a strong financial base that secures stability in case of changes in the business environment, such as economic crises, and flexibility enabling expeditious responses to business investment opportunities.
FMCG companies: Specifically, Fast Moving Consumer Goods (daily consumer goods) companies which have a stakeholder model similar to our "4S" model, and which realize strong business growth.
February 7, 2019
Business Plan 2019