Posts Tagged ‘Japan Tobacco’

Japan Tobacco Demonstrates Great Results

Japan Tobacco increased probably the most in a year in Tokyo trading after raising its year-end dividend and net revenue outlook, stating it sees carried on revenue increase in the mid-to-long term. ... read more >>

Japan Tobacco to Adopt Global Accounting Standards

TOKYO—Frustrated by the impact of currency fluctuations on its earnings, Japan Tobacco is pushing to improve its disclosure methods through the use of new global accounting standards as it increasingly focuses on overseas markets. “We score better than our rivals in terms of the dollar and local currencies…but it looks like a considerable minus in yen terms,” said Chief Financial Officer Hideki Miyazaki in a recent interview with Dow Jones Newswires. ... read more >>

300 shops offered smuggled tobacco

Three hundred corner stores have been offered black-market tobacco to sell, research has revealed. Shop owners claim they will lose on average 175,000 euro this year alone because of the country’s booming smuggling and counterfeiting racket. Benny Gilsenan, spokesman for lobby group Retailers Against Smuggling, said members were powerless to protect their small businesses. ... read more >>

Japan Tobacco Reduces Net Income Forecast to $1.4 Billion on Stronger Yen

Japan Tobacco Inc.,the world’s third-largest publicly traded cigarette maker, cut its profit forecast as a stronger yen reduced overseas revenue. Net income may total 115 billion yen ($1.4 billion) in the year ending March, compared with an earlier estimate of 133 billion yen, the Tokyo-based company said in a statement today. ... read more >>

The Importance of Acting with Noblesse Oblige

Hiroshi Kimura, Japan Tobacco Inc.’s president and chief executive, had to start last year’s annual report with an apology. It wasn’t about the sale of tobacco-related products but rather for pesticide-laced gyoza, or dumplings, imported from China and sold by the group’s JT Foods subsidiary. ... read more >>