JT Group 2018 Financial Results & 2019 Forecast

Highlights

  • 2018 results from January 1 to December 31: Adjusted operating profit at constant FX increased 8.9% year on year or 1.7% on a reported basis.

    • Strong performance in the international tobacco business more than offset headwinds in the Japanese domestic tobacco business.

  • 2019 Consolidated Forecast: Adjusted operating profit at constant FX is expected to increase by 2.4% or decrease 8.3% on a reported basis.

    • Total tobacco business will deliver mid to high single-digit profit growth on a currency neutral basis, following the turnaround of the Japanese domestic tobacco business. [...]

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