Welcome to the Delight World 2003 10 12 Vol.4 JT 100 s MEET YOUR DELIGHT JT JT
2004 2004JT PLAN-V 1 6 2003 10 JT EU 4 GFB 21
Welcome to the Delight World Vol. 4 JT JT JT HIV JT JT 2004 2 JT PLAN-V 2004 2 32
2003 10 12 2004 3 2004 3 100 JT PLAN-V 100 2004 3 46,400 1,970 170 8,598.45 7 1 10 12JT 6.1%5644 12 5.1%1,691 800 80 600 564 78 400 76 200 74 72 72.7 0 4-6 7-9 10-12 1-3 2001 2002 2003 70 2001 2002 2003 4-6 7-9 10-12 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 43
Welcome to the Delight World Vol. 4 1mg 300 JT JT 12 10 8 11.2 7.6 3001 1mg 2 11mg 2 6 7.3 4 2002 4-6 7-9 10-12 2003 1-3 4-6 7-9 10-12 2003 11 1 30 TIOJ TIOJ 54
2003 GFB GFB 7.1%1,175 17.4% 6,358 13.3% 3,465 15.8% 17.4 2.2% 1,988 EBITDA17.9% 5663 EBITDA=+ + GFB 600 400 500 498 300 294 400 300 200 200 100 100 0 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2001 2002 2003 2001 2002 2003 1,000 20 888 17.8 800 15 600 10 400 200 5 0 0 1-3 4-6 7-9 10-12 1-3 4-6 7-9 10-12 2001 2002 2003 2001 2002 2003 65
Welcome to the Delight World Vol. 4 2004 2004 2003 2004 1,988 2,100 112 GFB 1,175 1,250 75 6,358 6,890 532 JT EBITDA 20032002+17.9% 2004 2 9 JTE-607 II I JTV-803 II I JTT-705 I II JTK-003 C II I JTT-130 I I HIV HIV 2003 10 30 1. 2. 3. 4. 5. 6. 7. 8. 9. 76
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Welcome to the Delight World Vol. 4 To be, or not to be: that is the question 16 30 1492 1580 98
2003 11 10 2003 1965 2003 8 2003 8 48.3% 0.8 13.6% 0.4 30.3% 0.6 2003 2002 2,387 2,414 27 721 738 17 3,108 3,152 44 % 70 60 50 40 30 20 10 0 54.0 53.5 52.0 33.6 32.9 32.7 14.5 13.7 14.7 49.1 30.9 14.0 48.3 30.3 13.6 1999 2000 2001 2002 2003 4,9415,304 2003 4 1 2003 12 19 2004 2 1. 3 319 30 2 1 3 319 30 1 2 1 22,000 3 3 316 9 3012 2. 2004 3 31 2003 12 24 6 JT6 2004 4 1 TS 10 9
Welcome to the Delight World Vol. 4 2003 11 28 JT JT Hans Continental Smallgoods Pty. Ltd.Hans OSI International Foods Australia Pty. Ltd.OSI 2003 11 28 Hans OSI JTJT PLAN- V OSI JT JT JTJT PLAN-V JT PLAN-V 2004 1 15 JT JTPP 3 3 2004 4 1 JT JTPP JTJTPP JTJT JTJT PLAN- V 11 10
12 11 2004 1 62003 JT 13 13 JT1mg JT JT PLAN-V 13 13 1987 10 JT 1 JT 10mg 0.8mg 7mg 0.6mg 7mg 0.5mg 85mm 20 300 85mm 10mg 0.7mg 20 270 85mm 12mg 1.1mg 20 300
Welcome to the Delight World Vol. 4 85mm 1mg 0.1mg 20 270 85mm 3mg 0.3mg 20 270 85mm 8mg 1.0mg 20 300 85mm 7mg 0.6mg 20 280 85mm 6mg 0.7mg 20 300 100 s 100mm 6mg 0.7mg 20 300 70mm 8mg 0.6mg 10 140 85mm 6mg 0.4mg 20 300 13 12
14 13 100 s 30 19531974 197319841985 SMASH MENTHOL 20 20% BB SLUGGER
Welcome to the Delight World Vol. 4 HTST ph 1 HTST 2 ph ph 1 19 115 3 1 JT 3 15100g250 3 16162g250 3 14140g 280 3 1450g 460 15 14
MEET YOUR DELIGHT JT JT 20 15 10 5 0 % 2000 2001 2002 Philip Morris (PM) British American Tobacco JT R.J.Reynolds The Maxwell Report Top World Cigarette Market Leaders 2003 JTJTI JT JT 1984JT JTI 40 1999 5 RJR RJRI783 2000JTI RJRI10%EBITDA JTI JTI GFB GFB 2002 16 15
Welcome to the Delight World Vol. 4 2003 7 1. Marlboro PM 4,747 2. Mild Seven JT 1,207 3. L&M PM 908 4. Winston JT/R.J.Reynolds 660 5. Cleopatra Eastern Tobacco 610 6. Camel JT/R.J.Reynolds 598 The Maxwell Report Top World Cigarette Market Leaders 2003 R.J. Reynolds Tobacco Company JT JTI JT CIS120 JT 1996 1999 BATJT RJRI 2002 2003BAT JT JT PLAN-V GFB JT JTJTI JT PM BAT 19841990 1997 * 2 1999JT *2002 17 16
18 17 196911 5 1969 711 3,190 1969 Oh! IT 197031%
Welcome to the Delight World Vol. 4 4 1 22 1975 5 5 2003 9 18 2 8 10 23 2 8 19 18
JT JTPR 15 JT JT400 JT 2003 16 1 31 2004 1 31 JT 1 2 20 19
Welcome to the Delight World Vol. 4 8 21 8 30 9 4 9 10 9 17 9 19 9 25 La mia nuova vita 9 26 10 1 10 3 10 7 10 9 10 15 10 20 10 22 10 28 2003 9 17 2003 10 15 2003 9 26 20031 31 2004 7 JT http://www.jti.co.jp/ 21 20
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Welcome to the Delight World Vol. 4 1,600 1,500 1994 10 272003 12 154 99 7 14 1,400 1,300 1,200 136 2211 94 8 29 143 8 94 8 31 1,100 1,000 900 800 700 600 81 5 96 6 17 64 4 03 4 7 500 1995 1996 1997 1998 1999 2000 2001 2002 2003 23 22
3 31 6 3 31 9 30 4 5 171-8508 7 7 0120-707-696 9:00 17:00 0120-86-4490 24 2004 2 9 105-8422 2-2-1 JT :03-3582-3111 http://www.jti.co.jp/ 100