Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. Japan Tobacco's shares outstanding for the quarter that ended in Dec. 2023 was 3,551 Mil.
Japan Tobacco's quarterly shares outstanding
increased
from Sep. 2023 (3,550 Mil) to Dec. 2023 (3,551 Mil).
It means Japan Tobaccoissued new shares from Sep. 2023 to Dec. 2023 .
Japan Tobacco's annual shares outstanding
increased
from Dec. 2022 (3,550 Mil) to Dec. 2023 (3,551 Mil).
It means Japan Tobaccoissued new shares from Dec. 2022 to Dec. 2023 .
Japan Tobacco Shares Outstanding (EOP) Historical Data
The historical data trend for Japan Tobacco's Shares Outstanding (EOP) can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of Japan Tobacco's Shares Outstanding (EOP)
For the Tobacco subindustry, Japan Tobacco's Shares Outstanding (EOP), along with its competitors' market caps and Shares Outstanding (EOP) data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Japan Tobacco's Shares Outstanding (EOP) Distribution in the Tobacco Products Industry
For the Tobacco Products industry and Consumer Defensive sector, Japan Tobacco's Shares Outstanding (EOP) distribution charts can be found below:
* The bar in red indicates where Japan Tobacco's Shares Outstanding (EOP) falls into.
Japan Tobacco Shares Outstanding (EOP) Calculation
Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.
Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.
Japan Tobacco (FRA:JATA) Shares Outstanding (EOP) Explanation
A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.
Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.
Be Aware
Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred net income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.
Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.
If net earnings is less than 10%, likely to be in a highly competitive business.
Japan Tobacco Shares Outstanding (EOP) Related Terms
Thank you for viewing the detailed overview of Japan Tobacco's Shares Outstanding (EOP) provided by GuruFocus.com. Please click on the following links to see related term pages.
Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in many core markets including Japan, Russia, and the U.K. It has added Logic as a vaping brand and Ploom heated tobacco lines into its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than half generated by the overseas tobacco operations. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 was the most notable, doubling JTI's sales. Pharmaceutical and processed food operations are the other businesses.
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