Japan Tobacco , Inc. - post tax-hike sales almost halve..

January 30, 2011 - Japan Tobacco Inc’s (JT) domestic cigarette volumes during the three months to the end of December (October-December , at 20.3 billion, were down by 47.7 percent on those of the three months to the end of December 2009.

Volume sales for the nine months to the end of December (April-December), meanwhile, were down by 9.0 percent to 106.8 billion.

The Japanese cigarette market was thrown into chaos last year in the run-up to an unprecedented tax increase on October 1, which, together with a manufacturer’s increase by JT, raised the retail prices of some brands by 40 per cent. Japan - October 1, 2010 - tobacco tax increase, govt aims to discourage smoking..)

In September 2010, total market cigarette sales, at 37.4 billion, were up by 88 percent on those of September 2009, due to a last-minute rush ahead of the excise increase. (Japan - smokers stocking up on cigarettes before October 1st tax hike..)

But sales were said to be down by 70 percent in October and one estimate had it that sales this year could be down by 17 percent to 180 billion.

The value of JT’s domestic cigarette sales during the three months (October-December) to the end of December, at ¥413.3 billion, was down by 28.5 percent on that of the three months (October-December) to the end of 2009. Comparing the nine months periods (April-December), the value of JT’s sales was down by 2.7 percent to ¥1,701.9 billion. (1 USD = 82.09 Japan yen)

JT reported, too, that its market share during the nine months to the end of December, at 64.4 percent, was down from 64.9 per cent during the April-December period of 2009.

JT’s consolidated financial results for the nine months to the end of December 2010 are due to be announced on February 7, 2011.

Reference: Post tax-hike sales almost halve at JT, Tobacco Reporter, 1/28/2011; Japanese Domestic Tobacco Sales Results for April-December 2010, Japan Tobacco, Inc., 1/28/2011.

Some Japan related news briefs:
Japan - workplace smoking ban likely in 2011..;
Japan - with tax increase, after first month three of five quitters still smoke-free..;
Japan - ruling Democratic Party of Japan (DPJ) committee recommends caution in raising the tax on cigarettes again soon..;
Japan - increased demand for anti-smoking aid Chantix (Champix)..;
Japan - cigarette sales increase by 88% prior to tax increase..:
Japan Tobacco to expand Zerostyle Mint distribution..;
Japan Tobacco - to launch Pianissimo Super Slims menthol in November 2010..;
Japan - with tax increase in place, fewer smokers buying cigarettes so far..;
Japan - October 1, 2010 - tobacco tax increase, govt aims to discourage smoking..;
Japan - lawmakers want to keep on raising the price of cigarettes..;
Japan - smokers stocking up on cigarettes before October 1st tax hike..;
Japan Tobacco - annual survey, smoking incidence continues to fall..;
Japan - people more aware of dangers of smoking cigarettes - dangers to smokers and those around them..;
Japan - Health Ministry set to urge all local governments to go smoke-free..;
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Japan - tax increase, a pack of 20 cigarettes will increase by an average of 33%..;
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Japan - prime minister calls for tobacco tax increase..;
Japan - new government administration considering raising cigarette taxes..;
Japan shelves tobacco tax hike for 2009..;
Japan - Ruling party plans tobacco tax hike in 2009..;
Japan Tobacco Starts Petition To Fight Tax Increase..;
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Japanese lawmakers want to triple cigarette prices..;

1 comments:

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