Today I will talk about a necessary evil for society, but something with high-dividend stock.
2914 JAPAN TOBACCO INC.（JT）
Company Profile
It is literally a cigarette manufacturing company and inevitably highly profitable because more than one-third of all shares are regulated by the Japanese government (Ministry of Finance) to be held by law and a permitted monopoly for manufacturing .
However anti-smoking movements are starting to increase in Japan, and it will cause smokers to feel more ostracized.The global strategy is also aggressive and a notable point is that overseas sales (58%) are higher than domestic sales (29%).
Other than that, processed foods are also handled.
￥3,101（8/3 last closing price) The latest stock price ← click here
The final month of the settlement: Dec Dividend yield 4.84% PER 14.73 PBR 2.07
Equity ratio 53.1% (the standard figure of manufacturing industry 45-60%）
Transition of business results
|
|
Net sales |
Operating profit |
Net profit |
Net profit per share |
dividend |
Dividend payout ratio |
|
2015.12 |
2,252,884 |
565,229 |
485,691 |
271 |
118 |
44% |
|
2016.12 |
2,143,287 |
593,329 |
421,695 |
236 |
130 |
55% |
|
2017.12 |
2,139,653 |
561,101 |
392,409 |
219 |
140 |
64% |
|
2018.12 |
2,240,000 |
541,000 |
377,000 |
210 |
150 |
71% |
※Unit of sales, operating profit, net income is one-million yen
※The figure for December 2018.12 is the predicted value
|
Cash flow statement |
2017.12 |
2016.12 |
|
CF operating activities |
4,192 |
3,765 |
|
CF investing activities |
▲3,526 |
▲6,875 |
|
CF financing activities |
▲770 |
913 |
Last (quarter 2016.12), because of a large acquisition, the CF of financial activities was positive and the CF of investment activitiesalso had a negative increase.
※One unit is a one hundred million yen
· The number of domestic cigarettes sharply decreased.
· There is severe competition in heating type cigarettes and moreover late in setting out.
·Influence of exchange rate fluctuation. (Assuming one dollar is equal to 109 yen for the current fiscal year)
Note: You should be responsible for your own investment. Please make your own final judgment.