Japan Tobacco (JAPAF) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for participating in the investor meeting for 2024 full-year results at Japan Tobacco Inc. today despite of your busy schedule. Since it is the scheduled time, allow us to get started. Before we start the meeting, I'd like to ask you to make sure that your display name on the Zoom is accurate. Thank you for your cooperation. In today's meeting, Masamichi Terabatake, Chief Executive Officer of the JT Group, will introduce you with the business plan 2025. And Eddie Pirard, CEO of JT International, will follow with tobacco business 2024 results and 2025 forecasts. Lastly, Hiromasa Furukawa, Chief Financial Officer of the JT Group, will explain JT Group 2024 results and 2025 forecasts. Then we move on to Q&A session and this meeting is scheduled to end at 6.15pm. Now I would like to introduce you the first presenter, Mr. Terabatake, please. I am Masamichi Terabatake, President and CEO of Japan Tobacco Inc. Thank you for joining our conference call today. I would also like to thank you for your continued support and understanding of our commitment to growth. Today, I will provide an overview of the fiscal year 2024, our medium to long-term business strategies, and the profit growth prospects we expect to achieve during Business Plan 2025, as well as an update on our sustainability efforts. Eddie Pirard, CEO of JTI, will highlight the solid performance of JT Group's profit growth engine, and Hiromasa Furukawa, CFO of JT Group, will explain our consolidated results for 2024 and the forecast for 2025. Let me begin with an overview of ISCO year 2024. Our Consolidated Adjusted Operating Profit, AOP, at constant effect significantly exceeded both the initial plan and the previous year's results, achieving continuous growth. We also achieved record high revenue and AOP...