Japan Tobacco Net Forecast Misses Estimates on Stronger Yen

Updated on
  • Currency fluctuations erode gains from overseas sales volume
  • Price increase in Japan weighs on local demand for cigarettes

Japan Tobacco Inc., Asia’s largest listed cigarette maker, raised its full-year forecast by less than most analysts expected as a stronger yen eroded the value of overseas sales and price increases undermined domestic demand for cigarettes.

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