Heated Tobacco Growth Boosts Japan Tobacco's Strong Q1 Results

Japan Tobacco Group reported that its revenue for the first quarter of 2021 was 547.4 billion yen (5.02 billion USD), a 5.3% increase compared to the first quarter of 2020.<\/font> Adjusted operating profit increased by 21.3% to 178.1 billion yen, while operating profit rose by 24.2% to 160.1 billion yen.<\/font> At fixed exchange rates, adjusted operating profit was 186.9 billion yen, a 27.2% increase compared to the same quarter in 2020.<\/font><\/font><\/p>

“Japan Tobacco Group has maintained strong growth momentum in its tobacco business, primarily due to the continuous growth of heated tobacco market share in many markets.<\/font> Additionally, temporary and favorable industry sales trends in some mature markets led to a strong performance in the first quarter.” said Masamichi Terabatake, President and CEO of JT Group.<\/font><\/font>.<\/a>.<\/font><\/p>