Beer tax cut, heated tobacco tax hike, and mandatory anti-customer-harassment measures from October

時事通信··JP·Read original
2▲1 ▼4Impact / 5
Summary · why it matters

From October, tax reforms will cut taxes on beer while raising them on happoshu, third-category beer, and heated tobacco. Under the liquor tax revision, tax rates on beer-type beverages will be unified starting next month on the 1st, with beer seeing a tax cut of about 9 yen per 350 milliliters and third-category beer and similar products seeing a tax hike of about 7 yen. Kirin Brewery's Kirin Ichiban Shibori draft beer will change from around 237 yen to around 228 yen, while Suntory's third-category Kinmugi will go from 197 yen to 206 yen. The tobacco tax on heated products will be raised to the same level as cigarettes, with JT's Evo series rising from 580 yen to 620 yen and Philip Morris Japan's Ter ea rising from 620 yen to 640 yen. According to Teikoku Databank, 3,033 food and beverage items are scheduled to see price increases next month, and from the 1st Japan Post will raise basic Yu-Pack shipping rates by an average of 10 percent while Tokyo Expressway tolls will also rise by an average of 8.1 percent. From the 1st, the government will require companies to clarify their policies for protecting employees from customer harassment and to establish consultation systems.

Impact on assets 5

Consumer Staples▼ · 3 stocks
Suntory Beverage & Food Ltd.
2587
▼ NegativePricingrelevance

Tax hike on third-category beer raises Suntory's Kinmugi from 197 yen to 206 yen, pressuring its product pricing.

Japan Tobacco Inc.
2914
▼ NegativeRegulationrelevance

Heated-tobacco tax raised to cigarette level, lifting JT's Evo series from 580 yen to 620 yen.

Philip Morris International Inc
PM
▼ NegativeRegulationrelevance

Tobacco tax on heated products raised to cigarette level, lifting Philip Morris Japan's Ter ea price from 620 to 640 yen.

Biotech & Genomic Medicine▲ · 1 stocks
Kirin Holdings Co. Ltd.
2503
▲ PositivePricingrelevance

Beer tax cut lowers Kirin Ichiban Shibori draft beer from about 237 yen to 228 yen, a favorable price/margin change for its beer.

Aging Population▼ · 1 stocks

Off-coverage companies 1

Teikoku Databank, Ltd.Private± Mixed
relevance

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