Integration of the Global Operating Structure for the Tobacco Business and Restructuring of the Domestic Business Base
First written in FY2020. 2 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「Effective 1 January 2022, we transferred our China business to JT International S.A., our wholly owned subsidiary.」
As part of the unification of the tobacco business operating structure, the China business was transferred to JT International S.A. effective 1 January 2022. From fiscal 2022, the Group has used 3 reportable segments, integrating the domestic and overseas tobacco businesses. - FY2022-Q3RestatedAnnual report
「Beginning this fiscal year, in connection with the unification of the tobacco business operating structure, we changed our reportable segments from the previous 4 categories, domestic tobacco, overseas tobacco, pharmaceuticals and processed foods, to 3 categories: tobacco, pharmaceuticals and processed foods.」
Following the unification of the tobacco business operating structure, the 3-category reportable segment structure integrating the domestic and overseas categories continues to be used. - FY2022-Q1AdvancedAnnual report
「Beginning this fiscal year, in connection with the unification of the tobacco business operating structure, we changed our reportable segments from the previous 4 categories, domestic tobacco, overseas tobacco, pharmaceuticals and processed foods, to 3 categories: tobacco, pharmaceuticals and processed foods.」
Beginning in fiscal 2022, the tobacco business operating structure was unified, and the previous domestic and overseas categories were consolidated into a single reportable segment, Tobacco. - FY2021-Q3Reorganisation costs recognisedAnnual report
「Restructuring costs in the third quarter of the current fiscal year mainly comprised costs related to measures to strengthen the operating structure of the domestic tobacco business and costs related to streamlining certain markets of the overseas tobacco business.」
Costs related to measures to strengthen the domestic business operating structure and rationalise overseas markets were recognised in connection with the reorganisation of the tobacco business operating structure planned for 2022. The completion of the plan was not stated. - FY2020First statedAnnual report
「We will unify the current two-business structure comprising the overseas tobacco business and domestic tobacco business. The tobacco business operating structure is scheduled to be unified in January 2022. We will offer voluntary retirement to approximately 1,000 employees. The measures are expected to result in approximately ¥37 billion in one-time costs in the consolidated financial statements for fiscal 2021, including costs related to plant closures and the voluntary retirement programme.」
The reorganisation of the tobacco business operating structure, including the integration of the tobacco business headquarters functions, strategy and supply chain functions in Geneva in January 2022, the reorganisation of the domestic sales structure in April 2022, the closure of the Kyushu Plant and Japan Filter Kogyo Tagawa Plant at the end of March 2022, and voluntary retirement, was described for the first time as a standalone subsequent-event theme.