JT Group Q1 Profit Rises; Revenue Up 5.3%

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(RTTNews) – JT Group reported that its first quarter profit attributable to owners of the parent company increased by 31.7% year-on-year to 113.8 billion yen. Basic earnings per share was 64.13 yen compared to 48.69 yen. Consolidated adjusted operating profit at constant currency increased by 27.2% to 186.9 billion yen. On a reported basis, adjusted operating profit increased by 21.3% to 178.1 billion yen.

First quarter revenue increased by 5.3% year-on-year to 547.4 billion yen. This was driven by an increase in revenue in the international tobacco business, partially offset by a decline in revenue in the Japanese-domestic tobacco, pharmaceutical and processed food businesses.

Masamichi Terabatake, President and Chief Executive Officer of the JT Group, said: “With our robust first quarter performance, we aim to achieve our full year forecast.”