For shareholders

Annual general meeting

The 39th Ordinary General Meeting of Shareholders

Friday, March 22, 2024 at 10:00 a.m.

The Prince Park Tower Tokyo Second basement, Convention Hall 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors’ Report and JT’s Audit & Supervisory Board Report on the Consolidated Financial Statements for the 39th Business Term (From January 1, 2023 to December 31, 2023)
  • Report on the Non-Consolidated Financial Statements for the 39th Business Term (From January 1, 2023 to December 31, 2023)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Reduction in Amount of Legal Capital Surplus

Item 3: Election of Ten (10) Members of the Board

Item 4: Election of One (1) Audit & Supervisory Board Member

The 38th Ordinary General Meeting of Shareholders

Friday, March 24, 2023 at 10:00 a.m.

The Prince Park Tower Tokyo Second basement, Ballroom 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors’ Report and JT’s Audit & Supervisory Board Report on the Consolidated Financial Statements for the 38th Business Term (From January 1, 2022 to December 31, 2022)
  • Report on the Non-Consolidated Financial Statements for the 38th Business Term (From January 1, 2022 to December 31, 2022)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Election of Nine (9) Members of the Board

Item 3: Election of Five (5) Audit & Supervisory Board Members

Item 4: Revision of Remuneration for Members of the Board

Item 5: Partial Amendment to the Articles of Incorporation (Management of Subsidiaries)

Item 6: Partial Amendment to the Articles of Incorporation (Prohibition Against Former Directors and Employees Serving in Positions at Listed Subsidiaries)

Item 7: Partial Amendment to the Articles of Incorporation (Prohibition Against Using the Cash Management System (CMS) for Financing With Listed Subsidiaries)

Item 8: Acquisition of Treasury Shares

The 37th Ordinary General Meeting of Shareholders

Wednesday, March 23, 2022 at 10:00 a.m.

The Prince Park Tower Tokyo Second basement, Ballroom 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors’ Report and JT’s Audit & Supervisory Board Report on the Consolidated Financial Statements for the 37th Business Term (From January 1, 2021 to December 31, 2021)
  • Report on the Non-Consolidated Financial Statements for the 37th Business Term (From January 1, 2021 to December 31, 2021)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Partial Amendment to the Articles of Incorporation (i)

Item 3: Partial Amendment to the Articles of Incorporation (ii)

Item 4: Partial Amendment to the Articles of Incorporation (iii)

Item 5: Election of Ten (10) Members of the Board

Item 6: Revision of Remuneration Amount for Outside Direc

The 36th Ordinary General Meeting of Shareholders

Thursday, March 24, 2021 at 10:00 a.m.

The Prince Park Tower Tokyo Second basement, Ballroom 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors’ Report and JT’s Audit & Supervisory
    Board Report on the Consolidated Financial Statements for the 36th Business Term (From January 1, 2020 to December 31, 2020)
  • Report on the Non-Consolidated Financial Statements for the 36th Business Term (From January 1, 2020 to December 31, 2020)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Election of One (1) Member of the Board

The 35th Ordinary General Meeting of Shareholders

Thursday, March 19, 2020 at 10:00 a.m.

The Prince Park Tower Tokyo Second basement, Ballroom 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors’ Report and JT’s Audit & Supervisory
    Board Report on the Consolidated Financial Statements for the 35th Business Term (From January 1, 2019 to December 31, 2019)
  • Report on the Non-Consolidated Financial Statements for the 35th Business Term (From January 1, 2019 to December 31, 2019)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Partial Amendment to the Articles of Incorporation

Item 3: Election of Nine (9) Members of the Board

Item 4: Determination of Remuneration for Granting Restricted Stock and Performance Share Units to Members of the Board Who Also Serve as Executive Officers, and Revision of Remuneration Amount for Members of the Board

The 34th Ordinary General Meeting of Shareholders

Wednesday, March 20, 2019 at 10:00 a.m.

The Prince Park Tower Tokyo Second basement, Ballroom 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors’ Report and JT’s Audit & Supervisory
    Board Report on the Consolidated Financial Statements for the 34th Business Term (From January 1, 2018 to December 31, 2018)
  • Report on the Non-Consolidated Financial Statements for the 34th Business Term (From January 1, 2018 to December 31, 2018)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Partial Amendment to the Articles of Incorporation

Item 3: Election of Two (2) Members of the Board

Item 4: Election of Five (5) Audit & Supervisory Board Members

Item 5: Revision of Remuneration Amount for Members of the Board

Item 6: Revision of Amount of Stock Option Granted to Members of the Board

Item 7: Revision of Remuneration Amount for Audit & Supervisory Board Member

Regarding JT’s proposals to be submitted to the 34th Ordinary General Meeting of Shareholders, scheduled on March 20th 2019, JT has received inquiries from some shareholders regarding “Item 4: Election of Five (5) Audit & Supervisory Board Members”, and “Item 6: Revision of Amount of Stock Option Granted to Members of the Board”.
This information intends to answer those inquiries in order to support your decisions to vote.

The 33rd Ordinary General Meeting of Shareholders

Tuesday, March 27, 2018 at 10:00 a.m.

The Prince Park Tower Tokyo Second basement, Ball Room 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors' Report and JT's Audit & Supervisory
    Board Report on the Consolidated Financial Statements for the 33rd Business Term (From January 1, 2017 to December 31, 2017)
  • Report on the Non-Consolidated Financial Statements for the 33rd Business Term (From January 1, 2017 to December 31, 2017)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Partial Amendment to the Articles of Incorporation

Item 3: Election of Seven (7) Members of the Board

Item 4: Election of One (1) Audit & Supervisory Board Member

Item 5: Election of One (1) Substitute Audit & Supervisory Board Member

The 32nd Ordinary General Meeting of Shareholders

Friday, March 24, 2017 at 10:00 am

The Prince Park Tower Tokyo Second basement, Ball Room 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors' Report and JT's Audit & Supervisory
    Board Report on the Consolidated Financial Statements for the 32nd Business Term (From January 1, 2016 to December 31, 2016)
  • Report on the Non-Consolidated Financial Statements for the 32nd Business Term (From January 1, 2016 to December 31, 2016)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Election of One (1) Substitute Audit & Supervisory Board Member

The 31st Ordinary General Meeting of Shareholders

Wednesday, March 23, 2016 at 10:00 am

The Prince Park Tower Tokyo Second basement, Ball Room8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Accounting Auditors' Report and JT's Audit & Supervisory Board Report on the Consolidated Financial Statements for the 31st Business Term (From January 1, 2015 to December 31, 2015)
  • Report on the Non-Consolidated Financial Statements for the 31st Business Term (From January 1, 2015 to December 31, 2015)

Matters to be Resolved:

Item 1: Distribution of Surplus

Item 2: Partial Amendment to the Articles of Incorporation

Item 3: Election of Seven (7) Members of the Board

Item 4: Election of One (1) Substitute Audit & Supervisory Board Member

The 30th Ordinary General Meeting of Shareholders

Friday, March 20, 2015 at 10:00 am

The Prince Park Tower Tokyo Second basement, Ball Room 8-1, Shibakoen 4-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Accounting Auditors' Report and JT's Audit & Supervisory Board Report on the Consolidated Financial Statements for the 30th Business Term (From April 1, 2014 to December 31, 2014)
  • Report on the Non-Consolidated Financial Statements for the 30th Business Term (From April 1, 2014 to December 31, 2014)

Matters to be Resolved:

Company's Proposals (Item 1 to Item 3)

Item 1: Distribution of Surplus

Item 2: Election of Four (4) Audit & Supervisory Board Members

Item 3: Election of One (1) Substitute Audit & Supervisory Board Member Shareholder's Proposals (Item 4 and Item 5)

Item 4: Dividend Proposal

Item 5: Share Buy-back

The 29th Ordinary General Meeting of Shareholders

Tuesday June 24, 2014 at 10:00 am

Tokyo Prince Hotel 3-1, Shibakoen 3-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Accounting Auditors' Report and JT's Audit & Supervisory Board Report on the Consolidated Financial Statements for the 29th Business Term (From April 1, 2013 to March 31, 2014)
  • Report on the Non-Consolidated Financial Statements for the 29th Business Term (From April 1, 2013 to March 31, 2014)

Matters to be Resolved:

Company's Proposals (Item 1 to Item 4)

Item 1: Distribution of Surplus

Item 2: Partial Amendments to the Articles of Incorporation

Item 3: Election of Eight (8) Directors

Item 4: Election of One (1) Substitute Audit & Supervisory Board Member Shareholder's Proposals (Item 5 to Item 9)

Item 5: Dividend Proposal

Item 6: Share Buy-back

Item 7: Partial Amendments to the Articles of Incorporation

Item 8: Cancellation of All Existing Treasury Shares

Item 9: Partial Amendments to the Articles of Incorporation

The 28th Ordinary General Meeting of Shareholders

Friday, June 21, 2013, at 10:00 am

Tokyo Prince Hotel 3-1, Shibakoen 3-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Accounting Auditors' Report and JT's Audit & Supervisory Board Report on the Consolidated Financial Statements for the 28th Business Term (From April 1, 2012 to March 31, 2013)
  • Report on the Non-Consolidated Financial Statements for the 28th Business Term (From April 1, 2012 to March 31, 2013)

Matters to be Resolved:

Company's Proposals (Item 1 to Item 3)

Item 1: Dividend of Surplus

Item 2: Election of One (1) Director

Item 3: Election of One (1) Audit & Supervisory Board Member Shareholder's Proposals (Item 4 to Item 7)

Item 4: Dividend Proposal

Item 5: Share Buy-back

Item 6: Partial Amendments to the Articles of Incorporation

Item 7: Cancellation of All Existing Treasury Shares

The 27th Ordinary General Meeting of Shareholders

Friday, June 22, 2012, at 10:00 am

Tokyo Prince Hotel 3-1, Shibakoen 3-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Accounting Auditors' Report and JT's Board of Company Auditors Report on the Consolidated Financial Statements for the 27th Business Term (From April 1, 2011 to March 31, 2012)
  • Report on the Non-Consolidated Financial Statements for the 27th Business Term (From April 1, 2011 to March 31, 2012)

Matters to be Resolved:

Company's Proposals (Item 1 to Item 4)

Item 1: Appropriation of Surplus

Item 2: Partial Amendments to the Articles of Incorporation

Item 3: Election of Nine (9) Directors

Item 4: Election of One (1) Company Auditor Shareholder's Proposals (Item 5 to Item 8)

Item 5: Dividend Proposal

Item 6: Share Buy-back

Item 7: Partial Amendments to the Articles of Incorporation

Item 8: Cancellation of All Existing Treasury Shares

The 26th Ordinary General Meeting of Shareholders

Friday, June 24, 2011, at 10:00 am

Tokyo Prince Hotel 3-1, Shibakoen 3-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors' Report and JT's Audit Board Report on the Consolidated Financial Statements for the 26th Business Term (From April 1, 2010 to March 31, 2011)
  • Report on the Non-Consolidated Financial Statements for the 26th Business Term (From April 1, 2010 to March 31, 2011)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Partial Amendments to the Articles of Incorporation

Item 3: Election of Four (4) Auditors

The 25th Ordinary General Meeting of Shareholders

Thursday, June 24, 2010, at 10:00 am

Tokyo Prince Hotel 3-1, Shibakoen 3-chome, Minato-ku, Tokyo

Agenda:
Matters to be Reported:

  • Report on the Business Report, the Consolidated Financial Statements, and the Independent Auditors' Report and JT's Audit Board Report on the Consolidated Financial Statements for the 25th Business Term (From April 1, 2009 to March 31, 2010)
  • Report on the Non-Consolidated Financial Statements for the 25th Business Term (From April 1, 2009 to March 31, 2010)

Matters to be Resolved:

Item 1: Appropriation of Surplus

Item 2: Election of Nine (9) Directors

Dividend

Dividend per share (yen)
Fiscal year
Interim Year-end Annual Dividend payout ratio
2024 97 (Estimated) 97 (Estimated) 194 (Estimated) 75.7 (Estimated)
2023 94 100 (Planned) 194 (Planned) 71.4 (Planned)
2022 75 113 188 75.4
2021 65 75 140 73.4
2020 77 77 154 88.1
2019 77 77 154 78.6
2018 75 75 150 69.7
2017 70 70 140 63.9
2016 64 66 130 55.2
2015 54 64 118 53.2 ※
2014 50 50 100 50.1
2013 46 50 96 40.8
2012 30 38 68 37.6
  • Payout ratio for FY2015 is based on basic EPS from continuing operations.

Principal shareholders

(As of December 31,2023)

Name of shareholders Number of shares held
(Share)
Equity ownership (%)
Minister of Finance 666,925,200 37.57
Master Trust Bank of Japan, Ltd. (Trust Account) 174,583,700 9.83
Custody Bank of Japan, LTD. (Trust Account) 61,906,618 3.49
SMBC Nikko Securities Inc. 32,423,221 1.83
STATE STREET BANK WEST CLIENT - TREATY 505234 25,094,341 1.41
JAPAN SECURITIES FINANCE CO., LTD. 17,169,700 0.97
Barclays Securities Japan Limited BNYM 16,188,600 0.91
JP MORGAN CHASE BANK 385781 13,722,976 0.77
JT Group Employee Shareholding Association 11,878,075 0.67
Mizuho Securities Co., Ltd. 9,361,248 0.53
Total 1,029,253,679 57.98
  • (Note) Equity ownership is calculated after deducting treasury shares (224,692,028 shares).

Offering JT shares by government

1st Offering

Method Offering by bids Offering by non-bids
Offer price (pricing date) Bid Price: From ¥1,362,000 to ¥2,110,000
Weighted Average Price:
¥1,438,000 (August 29, 1994)
¥1,438,000
(August 31, 1994)
Number of offering shares 229,920 shares 164,356 shares
Offering term From August 15 to 18, 1994 From September 2 to 8, 1994

2nd and 3rd, 4th Offering

2nd Offering 3rd Offering 4th Offering
Method Offering by
book-building formula
Offering by
book-building formula
Offering by
book-building formula
Offer price (pricing date) Bid Price: ¥815,000
(June 17, 1996)
¥843,000
(June 7, 2004)
¥2,949
(March 11, 2013)
Number of offering shares Japan: 237,390 shares,
International: 35,000 shares
(Total: 272,390 shares)
Japan: 198,334 shares,
International: 91,000 shares
(Total: 289,334 shares)
Japan: 145,625,500 shares,
International: 107,636,300 shares
(Total: 253,261,800 shares)
Offering term From June 18 to 19, 1996 From June 8 to 10, 2004 From March 12 to 13, 2013