Adjusted operating profit at constant FX increased year on year.
Strong performance in the international tobacco and pharmaceutical businesses more than off set headwinds in the Japanese domestic tobacco business.
International tobacco business
Adjusted operating profit grew driven by pricing gains mainly in Iran, Russia and Taiwan.
Total shipment volume grew driven by acquisitions in Ethiopia, Indonesia and the Philippines.
Updates for key markets:
Russia: GFB market share reached a record high against a solid pricing environment in the quarter.
UK: Quarterly market share reached 41% following six consecutive months of growth, and a price increase in March.
Japanese domestic tobacco business
Adjusted operating profit declined due to a decrease in JT cigarette sales volume despite an
increase of RRP related revenue.
JT’s cigarette market share increased driven by a solid performance of MEVIUS. [...]