Competitiveness risk arising from the obligation to purchase all domestically produced leaf tobacco
First written in FY2016. 1 of 2 entries say "Restated". Latest entry: FY2017.
No other company in this theme has enough history to compare yet.
- FY2017RestatedAnnual report
「The purchase price of domestically produced leaf tobacco before re-drying is approximately three times higher than that of imported leaf tobacco after re-drying. Accordingly, the obligation to purchase effectively all domestically produced leaf tobacco may adversely affect the Group's competitiveness in Japan compared with other global tobacco companies that use only imported leaf tobacco.」
The filing repeats the competitiveness risk arising from the obligation to purchase all domestically produced leaf tobacco and the purchase price, which is approximately three times that of imported leaf tobacco. - FY2016First statedAnnual report
「The purchase price of domestically produced leaf tobacco before re-drying is approximately three times higher than that of imported leaf tobacco after re-drying. Accordingly, the obligation to purchase effectively all domestically produced leaf tobacco may adversely affect the Group's competitiveness in Japan compared with other global tobacco companies that use only imported leaf tobacco.」
The filing identifies as a competitiveness risk the obligation under the Tobacco Business Act to purchase all domestically produced leaf tobacco and the purchase price, which is approximately three times that of imported leaf tobacco.