Declining total demand in overseas tobacco markets and intensifying competition
First written in FY2017-Q1. 9 of 28 entries say "Restated". Latest entry: 2026-10-29.
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- 2026-10-29OtherResults presentation
「Total demand for Combustibles declined in Romania, Russia, the US and other markets, although it increased in Turkey」
The statement described continued declines in total demand for Combustibles across several overseas markets, while share gains and pricing effects supported overall business performance. - FY2026-H1Continued decline in total demand and increase in sales volumeAnnual report
「Combustibles sales volume increased 0.2% year on year, as solid performance in Asia and EMA offset the impact of declining total demand in several markets in Western Europe.」
Although total demand continued to decline in several markets in Western Europe, Combustibles sales volume increased 0.2% year on year due to solid performance in Asia and EMA. - 2026-05-08MaterialisedResults presentation
「Decline in total demand for Combustibles in the UK and other markets」
The results also recorded a decline in total demand for Combustibles in overseas markets, including the UK. - FY2025Continued decline in total demand and increase in sales volumeAnnual report
「Strong growth in EMA and resilient sales volume in Asia outweighed the impact of declining total demand in several markets in Western Europe.」
Although total demand in Western Europe continued to decline, total sales volume for the tobacco business increased 2.2% year on year due to growth in EMA and resilient sales in Asia. - FY2024Continued decline in total demand and increase in sales volumeAnnual report
「Total sales volume increased 2.4% year on year to 552.9 billion units, due to continued market share gains in approximately 2/3 of the markets in which the company operates and double-digit growth in RRP sales volume. While sales volume in Asia remained at the same level as in the previous year, increased sales volume in EMA offset declining total demand in Western Europe.」
Although total demand in Western Europe continued to decline, overall total sales volume increased due to flat volume in Asia, increased sales volume in EMA and RRP growth. - FY2023Continued decline in total demand and increase in sales volumeAnnual report
「Total volume increased 2.4% year on year to 540.1 billion cigarettes due to continued market share gains in Asia and EMA and increased total demand in certain markets, despite declining total demand in Western Europe.」
Although total demand in Western Europe continued to decline, total sales volume increased due to share gains in Asia and EMA and increased total demand in some markets. - FY2023-Q2Continued decline in total demand and increase in sales volumeAnnual report
「Total volume increased 2.5% year on year to 269.3 billion cigarettes due to continued market share gains in Asia and EMA and increased total demand in certain markets, despite declining total demand in Western Europe.」
Although total demand in Western Europe continued to decline, total sales volume increased 2.5% year on year due to share gains and other factors in Asia and EMA. - FY2022MaterialisedAnnual report
「Total sales volume declined 0.5% year on year to 527.3 billion units, as total demand declined mainly in major markets in Asia and Western Europe, despite continued share gains in several markets, increased RRP sales volume and increased Combustibles sales volume in EMA.」
Declining total demand in major markets in Asia and Western Europe was reflected in the full-year results as a 0.5% year-on-year decline in total sales volume in the tobacco business. quantified is true, materialized is true. - FY2022-Q3MaterialisedAnnual report
「Total volume decreased 0.5% year on year to 402.0 billion cigarettes due to declining total demand in major markets in Asia and Western Europe, despite continued market share gains in several markets and increased RRP volume and Combustibles volume in EMA.」
Declining total demand in major markets in Asia and Western Europe was reflected in actual results as a 0.5% year-on-year decline in total sales volume in the tobacco business. - FY2022-Q2MaterialisedAnnual report
「Total sales volume declined 0.4% year on year to 262.8 billion units, as total demand declined in major markets in Asia and Western Europe, despite continued share gains in several markets and increases in RRP sales volume and sales volume in EMA.」
Declining total demand in major markets in Asia and Western Europe was reflected in actual results as a 0.4% year-on-year decline in total sales volume in the tobacco business. - FY2022-Q1Increase in total sales volume, with downward pressure continuingAnnual report
「Total sales volume increased 1.2% year on year to 128.5 billion units, despite declining total demand in several markets, due to increased sales volume in Global Travel Retail (duty-free markets) and emerging markets, among other factors.」
Although declining total demand remained in several markets, total sales volume increased 1.2% year on year due to higher sales volume in duty-free and emerging markets. - FY2021Increase in total demand and recovery in sales volumeAnnual report
「Total sales volume increased 5.6% year on year due to share gains in several markets, the positive impact of distribution inventory adjustments, and growth in domestic demand as the number of travelers and illicit trade declined in several markets.」
In the overseas tobacco business, the previous pressure from declining total demand and lower duty-free sales gave way to an increase in total sales volume driven by domestic demand growth in several markets. - FY2021-Q3Increase in total demand and recovery in sales volumeAnnual report
「Total sales volume increased 5.7% year on year to 348.9 billion units, due to market share gains, the positive impact of distribution inventory adjustments and increased total demand in several markets resulting from travel restrictions associated with the spread of COVID-19, among other factors.」
In contrast to the previously cited decline in total demand in overseas markets as a factor weighing on volume, total demand increased in several markets during the nine months ended the third quarter, and total sales volume rose 5.7% year on year. - FY2020MaterialisedAnnual report
「Total sales volume declined 2.3% year on year due to the impact of the spread of COVID-19 on duty-free sales and emerging markets, as well as declining total demand in Russia and several other markets.」
Declining total demand in overseas tobacco markets, lower duty-free sales and the impact on emerging markets were reflected in the full-year results as a 2.3% decline in total overseas sales volume. - FY2020-Q3MaterialisedAnnual report
「Total sales volume declined 2.6% year on year due to the impact of the spread of COVID-19 on duty-free sales and emerging markets, as well as declining total demand in Russia and several other markets.」
In addition to declining total demand in overseas tobacco markets, the impact of the spread of COVID-19 on duty-free sales and emerging markets was reflected in actual results as a 2.6% year-on-year decline in total sales volume. - FY2020-Q2MaterialisedAnnual report
「Total sales volume declined 4.8% year on year due to the impact of fewer travelers on duty-free sales and declining total demand in Russia and several other markets. The spread of COVID-19 also had a negative impact on total sales volume through its effects on duty-free sales and total demand in some emerging markets.」
In addition to declining total demand in overseas tobacco markets, lower duty-free sales due to fewer travelers and the impact of the spread of COVID-19 were reflected in actual results as a 4.8% decline in total sales volume. - FY2020-Q1Volume pressure from declining total demand and lower duty-free salesAnnual report
「Excluding the effects of distribution inventory adjustments, total sales volume declined 2.4% year on year.」
In the overseas tobacco business, total sales volume excluding the effects of distribution inventory adjustments declined 2.4%, due to declining total demand resulting from price increases following tax increases and lower duty-free sales due to travel restrictions, among other factors. - FY2019Decrease in sales volume excluding acquisitionsAnnual report
「Excluding the effects of acquisitions and the positive impact of distribution inventory adjustments, total sales volume declined only 0.8% year on year, as volume performance in many markets was more resilient than the decline in total demand.」
In the overseas tobacco business, total sales volume excluding the effects of acquisitions and other factors declined 0.8% year on year, with declining total demand continuing to weigh on volume. - FY2019-Q3RestatedAnnual report
「Excluding the effects of acquisitions and the negative impact of distribution inventory adjustments, total sales volume was 0.4% lower than in the same period of the previous year, remaining at approximately the same level, despite continued share gains in various markets including Iran, Spain and Taiwan, due to the impact of declining total demand in Russia and other markets.」
Although share gains were achieved in multiple markets, declining total demand in Russia and other markets continued to weigh on sales volume excluding the effects of acquisitions and inventory adjustments. - FY2019-Q2RestatedAnnual report
「Excluding the effects of acquisitions and the positive impact of distribution inventory adjustments, total sales volume was 0.1% lower than in the same period of the previous year, remaining at approximately the same level, despite continued share gains in various markets including Iran, Sudan and Taiwan, as well as many European markets, due to the impact of declining total demand in the UK, France, Russia and other markets.」
In the overseas tobacco business, share gains were achieved in multiple markets, while declining total demand in the UK, France, Russia and other markets continued to weigh on sales volume excluding the effects of acquisitions. - FY2019-Q1RestatedAnnual report
「Excluding the effects of acquisitions, total sales volume was 0.1% lower than in the same period of the previous year, remaining at approximately the same level, despite continued share gains mainly in Italy, Iran, the UK, Spain, Taiwan, Germany, France, Romania and other markets, due to the impact of declining total demand in Ukraine, Jordan, Russia and other markets.」
In the overseas tobacco business, share gains were achieved in multiple markets excluding the effects of acquisitions, while declining total demand in Ukraine, Jordan, Russia and other markets continued to weigh on sales volume. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, despite the impact of declining total demand in Russia and other markets, the effects of acquisitions in the Philippines, Indonesia, Russia and Ethiopia and other factors resulted in total sales volume (Note 3) increasing 7.4% year on year.」
Although declining total demand in Russia and other markets continued to weigh on sales volume in the overseas tobacco business, total sales volume increased due to the effects of acquisitions and other factors. - FY2018-Q2RestatedAnnual report
「During the six months ended the second quarter, despite the impact of declining total demand in Russia and other markets, the effects of acquisitions in the Philippines, Indonesia and Ethiopia and other factors resulted in total sales volume (Note 3) increasing 6.4% year on year.」
Although declining total demand in Russia and other markets continued to weigh on sales volume in the overseas tobacco business, total sales volume increased due to the effects of acquisitions and other factors. - FY2018-Q1RestatedAnnual report
「During the three months ended the first quarter, despite the impact of declining total demand in Russia and other markets, the effects of acquisitions in the Philippines, Indonesia and Ethiopia and temporary positive effects from distribution inventory adjustments resulted in total sales volume increasing 7.3% year on year.」
Although declining total demand in Russia and other markets continued to weigh on sales volume in the overseas tobacco business, total sales volume increased due to the effects of acquisitions and other factors. - FY2017RestatedAnnual report
「During the fiscal year, the effects of acquisitions in the Philippines and other markets and sales growth in Iran and other markets were offset by the impact of declining total demand in Russia and other markets, leaving total sales volume at the same level as in the previous fiscal year.」
The decline in total demand in Russia and other markets continues to be cited as a factor weighing on sales volume in the overseas tobacco market. - FY2017-Q3RestatedAnnual report
「During the nine months ended the third quarter, sales growth in Iran, Taiwan and other markets and the effect of the acquisition in the Philippines were more than offset by the impact of declining total demand in Russia and other markets, resulting in total sales volume (Note 3) declining 2.0% year on year.」
The decline in total demand in Russia and other markets continues to be cited as a factor behind the decrease in sales volume in the overseas tobacco business. - FY2017-Q2RestatedAnnual report
「During the six months ended the second quarter, strong performance in Iran, Taiwan and other markets was more than offset by the impact of declining total demand in Russia and other markets, as well as the relative negative impact of distribution inventory adjustments in the first quarter of the previous year, resulting in total sales volume (Note 3) declining 3.3% year on year.」
The decline in total demand in Russia and other markets was reiterated as a factor behind the decrease in sales volume in the overseas tobacco business. - FY2017-Q1First statedAnnual report
「During the three months ended the first quarter, total volume decreased 2.9% year on year and GFB volume decreased 0.5%, due to the impact of declining total demand and intensifying competition in Russia and other markets, as well as a temporary negative impact from distribution inventory adjustments made in the same period of the previous year, despite strong performance in Iran, Taiwan and other markets.」
For the overseas tobacco business, the impact of declining total demand in Russia and other markets and intensifying competition on sales volume was newly identified as a business performance risk.