Japan Tobacco Reports Strong H1 2024 Growth

Japan Tobacco (JP:2914) has released an update.

Japan Tobacco Inc. reports a 12.7% increase in revenue to 1.57 trillion yen and a 6.5% rise in profit to 307 billion yen for the first half of 2024, compared to the previous year. Total equity rose to 4.52 trillion yen, reflecting a stronger financial position with a 56.4% equity ratio. The company maintains its mid to high single-digit growth target in adjusted operating profit for the mid- to long-term, as part of its Business Plan 2024.

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