Japan Tobacco Inc (TSE:2914), a leading Japanese cigarette manufacturing company, saw its cigarettes sales volume dropped 13.5% in April, year-on-year.
In a disclosure to the Tokyo Stock Exchange, Japan Tobacco Inc said it sold 8 billion of cigarettes in April, down from the 9.2 billion cigarettes it sold in April 2015.
With the drop in sales volume, Japan Tobacco’s domestic cigarette revenue during the month also dropped to JPY47.5 billion (USD431 million), down 8.8% from JPY52.1 billion (USD473 million) in the previous year.
For the January-April period, the cigarettes manufacturer sold a total of 35.1 billion cigarettes, a 1.3% increase from the same period last year.
Its domestic cigarette revenue in the January-April period also grew 2.6% year-on-year to JPY201.5 billion (USD1.83 billion).
Japan Tobacco’s Market Share Report
Japan Tobacco’s Japanese domestic cigarette market share in April 2016 was 58.1% while its market share for the January-April period was 61.4%, the company said.
Japan Tobacco In. is a leading international tobacco company that sells products in over 120 countries, with its globally recognized brands include Winston, Camel, Mevius, LD and Natural American Spirit.
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With diversified operations, JT is also actively present in pharmaceuticals and processed foods. The company’s revenue was JPY2.253 trillion (USD20.5 billion) in the fiscal year ended December 31, 2015. – BusinessNewsAsia.com