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.
Freddie studied at King’s College, London and City University and worked for publications including The Times, The Malay Mail, PathfinderBuzz and Solar Summary before joining the ECigIntelligence team. He has extensive experience in covering fast-moving consumer goods (FMCG), manufacturing and technological innovation.
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