JT Targets 5 Percent Annual Growth

05/04/2009

Japan Tobacco has announced its new medium-term management plan, titled "JT-11," for the three-year fiscal period from April 2009 to March 2012. Through the plan, the company aims to continue achieving its long-term vision as a "company committed to global growth that provides consumers diversified value uniquely available from JT." JT-11 succeeds the previous medium-term management plan, "JT2008," in which the company expanded its business foundation through the acquisition of external resources, including Gallaher, and exceeded consolidated EBITDA targets for the period. With the introduction of JT-11, the company aims to ensure its strong growth momentum, and targets consolidated EBITDA with a compounded annual growth rate of 5 percent, based on a fiscal year forecast ending March 31, 2010. Enditem