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News analysis

Japan Tobacco ready to put unexpected revenue boost back into heated tobacco

Written by || 3rd August 2023 || News analysis | Financial results | Asia Japan

Japan Tobacco (JT) is to ramp up investment in its production of heated tobacco sticks over the second half of 2023 after reporting better than expected results for the first six months of the year.

It said increased revenue had led to a JPY130bn ($910m) upward revision of its full year forecast but that it would keep operating profit unchanged as it intended to invest that increased revenue back into heated tobacco sticks.

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