|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||21.25 - 21.72|
|52 Week Range||20.30 - 26.58|
|Beta (5Y Monthly)||0.85|
|PE Ratio (TTM)||10.72|
|Forward Dividend & Yield||1.41 (6.50%)|
|Ex-Dividend Date||Dec 26, 2019|
|1y Target Est||N/A|
Japan Tobacco is halving the price of starter kits for its Ploom S reduced-risk cigarettes, as it struggles to compete against rival Philip Morris International. Japan is the world's biggest market for "heat not burn" products, which emit less smoke than conventional cigarettes, as regular e-cigarettes with liquid nicotine are banned. From Dec. 1, the recommended retail price of the kit, including the smoking device which heats tobacco sticks, micro USB cable and AC adapter, will be 3,480 yen ($31.90) from 7,980 yen, Japan Tobacco said on Tuesday.
Japan Tobacco Inc cut its annual profit outlook on Thursday, citing weaker-than-expected sales of its reduced-risk cigarettes amid strong competition from rival Philip Morris International Inc. The company said it now expects a full-year operating profit of 505 billion yen ($4.65 billion) compared with a previous forecast of 518 billion yen. For the third quarter, operating profit fell 26% year-on-year to 129 billion yen.
Moody's Japan K.K. has downgraded Japan Tobacco Inc.'s (JT) issuer and senior secured ratings to A1 from Aa3. Moody's has also downgraded: (1) JT's baseline credit assessment (BCA) to a1 from aa3, (2) the senior secured rating on JT's MTN program to (P)A1 from (P)Aa3, (3) the backed senior unsecured ratings on JT International Financial Services B.V. (JTIFS) to A1 from Aa3, and (4) the backed senior unsecured rating on JTIFS's MTN program to (P)A1 from (P)Aa3. JTIFS is an indirectly wholly owned subsidiary of JT.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Japan Tobacco Inc. Tokyo, May 18, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Japan Tobacco Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.