Japan Tobacco Inc.
Update on the Company’s Group Operations in Russia (Follow-up)
Local subsidiaries in Russia have been additionally placed under temporary administration, and overall the local operations continue. In the revised full-year outlook announced in the Q3 fiscal 2026 results, Russia is expected to account for approximately 10% of consolidated revenue and approximately 25% of adjusted operating profit. As of the end of September, assets on the consolidated balance sheet related to the Russian operations are approximately 1,500 hundred million yen (including goodwill), and liabilities approximately 200 hundred million yen (cash and deposits approximately 360 hundred million yen). The future impact will continue to be examined.
Key Figures
- Share of consolidated revenue from the Russian market: approx. 10%
- Share of adjusted operating profit from the Russian market: approx. 25%
- Assets on the consolidated financial statements (as of end-September; including goodwill): approx. 1,500 hundred million yen
AI要約
Current Status of Russian Operations and Latest on Temporary Administration
Regarding the status of the Group's Russian local subsidiaries, in addition to the four companies previously disclosed, three more companies have been placed under temporary administration pursuant to the presidential decree dated November 6. Although all local subsidiaries are currently subject to temporary administration, operations are continuing. We will continue to examine the impact that the operation of temporary administration may have on our performance and will promptly disclose any matters that should be announced.
Financial Impact and Current Assets and Liabilities
In the revised full-year outlook disclosed in the Q3 fiscal 2026 results, the Russian market is expected to account for approximately 10% of consolidated revenue and approximately 25% of adjusted operating profit. As of the end of September, assets on the consolidated financial statements related to the Russian operations are approximately 1,500 hundred million yen, cash and deposits approximately 360 hundred million yen, and liabilities approximately 200 hundred million yen. These are approximate figures; we will consider the effects of temporary administration and disclose appropriately.
Japan Tobacco Inc.
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