|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||10.50 - 10.55|
|52 Week Range||10.50 - 13.67|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||10.27|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||10.00|
Moody's Japan K.K. has downgraded Japan Tobacco Inc.'s (JT) issuer and senior secured ratings to A1 from Aa3. Moody's has also downgraded: (1) JT's baseline credit assessment (BCA) to a1 from aa3, (2) the senior secured rating on JT's MTN program to (P)A1 from (P)Aa3, (3) the backed senior unsecured ratings on JT International Financial Services B.V. (JTIFS) to A1 from Aa3, and (4) the backed senior unsecured rating on JTIFS's MTN program to (P)A1 from (P)Aa3. JTIFS is an indirectly wholly owned subsidiary of JT.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Japan Tobacco Inc. Tokyo, May 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Japan Tobacco Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
Moody's Japan K.K. has placed under review for downgrade Japan Tobacco Inc.'s (JT) Aa3 issuer and senior secured ratings. Moody's has also placed under review for downgrade: 1) the aa3 Baseline Credit Assessment on JT, 2) the (P)Aa3 senior secured rating on JT's MTN program, as well as 3) the Aa3 backed senior unsecured ratings and the (P)Aa3 backed senior unsecured rating on JT International Financial Services B.V.'s MTN program.
Moody's Japan K.K. says that the cash levels of rated Japanese non-financial companies will remain high through at least fiscal 2018 -- ending 31 March 2019 for most companies -- but that the pace of growth will slow as spending increases. "One indication of this trend is the fact that cash as a percentage of assets, which peaked at more than 9% in fiscal 2015, has since declined and will continue to do so through fiscal 2018," says Mihoko Manabe, a Moody's Associate Managing Director. "Looking ahead, we also expect that the rated companies' cash holdings, which totaled JPY33.7 trillion (USD306 billion) at the end of fiscal 2017, will rise 2% in fiscal 2018 and hold steady in fiscal 2019, a slowdown from growth of 5% in fiscal 2017," says Manabe.
Moody's Japan K.K. has assigned Aa3 backed senior unsecured ratings to the bonds issued by JT International Financial Services B.V.'s (JTIFS) Euro Medium Term Note (EMTN) Programme. JTIFS is an indirectly wholly owned subsidiary of Japan Tobacco Inc. (JT, Aa3, negative).