Q2 2022 Japan Tobacco Inc Earnings Call Transcript

Jul 29, 2022 / 09:00AM GMT
Nobuya Kato - Japan Tobacco Inc. - Senior VP & CFO

I am Nobuya Kato, Chief Financial Officer of JT Group. Thank you for joining us for the JT Group's 2022 first half financial results briefing. First of all, I like to take a moment to express my concerns about the current situation in Russia and Ukraine. I'm deeply concerned about the human tragedy and devastation unfolding in Ukraine and sincerely hope peace will return soon.

The JT Group continues to place the highest priority on the safety of our employees and their families and is extending all possible support to affected people. Let us begin with our 6 months consolidated results for the fiscal year 2022. The 6 months results and the forecast for the entire fiscal year that I will explain today include the impact of hyperinflationary accounting in the figures related to Turkey, as well as those of Iran and Sudan for which hyperinflationary accounting has already been applied. Please refer to our earnings report for details.

Turning to Slide 4, adjusted operating profit at constant currency, our primary performance indicator

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