|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||0.00 - 0.00|
|52 Week Range|
|Beta (3Y Monthly)||0.63|
|PE Ratio (TTM)||12.53|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Japan Tobacco Inc on Thursday unveiled two "heat-not-burn" products, as it races against market leader Philip Morris International Inc for a larger share of the vaping space with conventional cigarettes steadily falling out of favour. Despite commanding 60 percent of the local cigarette market, Japan Tobacco has been caught on the wrong side of the rising popularity of heat-not-burn (HNB) alternatives and has lagged in the category in its own backyard versus the Marlboro maker.
Juul said it will stop selling most of its flavored nicotine pods for its e-cigarettes in retail stores — though only temporarily. The company plans to resume sales to retailers that adopt the company's new age restrictions and verification system. Juul said it will stop selling most of its flavored nicotine pods for its e-cigarettes in retail stores — though only temporarily — as it tries to appease federal regulators who have ordered the company to help reduce "epidemic" levels of teen use.
The U.S. Food and Drug Administration next week will issue a ban on the sale of fruit and candy flavored electronic cigarettes in convenience stores and gas stations, an agency official said, in a move to counter a surge in teenage use of e-cigarettes. The ban means only tobacco, mint and menthol flavors can be sold at these outlets, the agency official said, potentially dealing a major blow to Juul Labs Inc, the San Francisco-based market leader in vape devices. The FDA also will introduce stricter age-verification requirements for online sales of e-cigarettes.
The Food and Drug Administration is considering prohibiting some e-cigarette sales in convenience stores. E-cigarette sales could be confined to vape shops, Commissioner Scott Gottlieb tells CNBC. Many teens are illegally buying e-cigarettes, including the most popular one, Juul, in brick-and-mortar retail stores, Gottlieb says.
Moody's Japan K.K. has assigned Aa3 backed senior unsecured ratings to the bonds issued by JT International Financial Services B.V.'s (JTIFS) Euro Medium Term Note (EMTN) Programme. JTIFS is an indirectly wholly owned subsidiary of Japan Tobacco Inc. (JT, Aa3, negative).
The Food and Drug Administration may fast-track the review process for e-cigarettes that include features to make the products less likely to be used by kids, Commissioner Scott Gottlieb told CNBC on Thursday. The FDA ordered five brands — Juul, British American Tobacco's Vuse, Altria's MarkTen, Imperial Brands' Blu E-cigs and Japan Tobacco's Logic — to submit plans within 60 days detailing how they will prevent teens from using their products. The Food and Drug Administration is considering fast-tracking the review process for e-cigarettes that include features that make the products less likely to be used by kids, Commissioner Scott Gottlieb told CNBC on Thursday.
Health and Human Services Secretary Alex Azar said the agency supports the Food and Drug Administration's proposed e-cigarette crackdown. The FDA earlier this week threatened to pull e-cigarettes from shelves if manufacturers do not control teen use. The FDA is specifically ordering five brands — Juul, British American Tobacco's Vuse, Altria's MarkTen, Imperial Brands' Blu E-cigs and Japan Tobacco's Logic — to submit plans within 60 days detailing how they will prevent teens from using their products.
Juul, Vuse, MarkTen, blu e-cigs, and Logic — to submit plans to address teen use of their products within 60 days. Across the entire e-cigarette category, the FDA is considering restricting manufacturers from selling flavored nicotine liquid or making the products undergo an agency review. E-cigarettes, particularly Juul, have become a phenomenon among high school and middle school students.
For the first half of 2018, the Matthews Japan Fund (Trades, Portfolio) returned 0.08% (Investor Class), while its benchmark, the MSCI Japan Index, returned -1.85%. For the quarter ending June 30, the Fund returned -4.89% (Investor Class), underperforming its benchmark, which returned -2.80%. Warning! GuruFocus has detected 2 Warning Sign with INTC.
Japan Tobacco Inc (2914.T) is buying the tobacco business of Bangladesh's Akij Group for around $1.5 billion (£1.16 billion), its second major purchase in five months as the world's third-biggest cigarette maker seeks new growth markets to offset shrinking sales at home. The 124.3 billion taka ($1.5 billion) deal, the biggest ever involving a Bangladeshi company, according to Thomson Reuters data, comes after Japan Tobacco agreed in March to buy Russia's Donskoy Tabak for about 90 billion roubles (£1.09 billion). "With this investment, we continue to accelerate our expansion in emerging markets that matter, a key component of Japan Tobacco Group's growth strategy," Japan Tobacco said in a statement on Monday.
Japan Tobacco Inc. agreed to buy a Bangladeshi cigarette maker for 124.3 billion taka ($1.5 billion), taking its acquisition strategy to one of the fastest-growing economies in Asia. The Japanese company is acquiring the tobacco business of Akij Group, the second-largest cigarette maker in Bangladesh with about 20 percent share of the market, Japan Tobacco said in a statement Monday. “With this investment, we continue to accelerate our expansion in emerging markets that matter,” Mutsuo Iwai, Japan Tobacco’s executive vice president, said in the statement.
Japan’s impending tax increase on traditional cigarettes may rekindle its stalled market for smokeless devices, according to the chief executive officer of Japan Tobacco Inc. Masamichi Terabatake, who took over in January, said the new levies due to take effect in October will fall more heavily on traditional cigarettes, presenting an opportunity for tobacco companies to give more favorable pricing to next-generation devices. Investors are concerned about a stagnation in Japan’s smokeless products as the traditional cigarette business is threatened by tighter global regulations and declining smoking rates.
Going for a smoke at Japan’s health ministry building just got a little bit harder. To mark the United Nations’s World No Tobacco Day yesterday (May 31), the ministry decided to get rid of (link in Japanese) its final cigarette vending machine in its Tokyo headquarters. The building was described in a Wall Street Journal…
Japan Tobacco Inc (2914.T) is set to slash prices on its heated tobacco products early next week after a similar move by bigger rival Philip Morris International Inc (PM.N), signalling increased competition in Japan's nascent market for alternative cigarettes. Japan, where regular e-cigarettes with nicotine-laced liquid are effectively banned, has become the main market for "heat not burn" (HNB) products which emit less smoke and smell less than conventional cigarettes. Tobacco makers initially struggled to keep up with strong demand as they began introducing HNB products in limited Japanese markets a few years ago.
Paper is still king for Japan Tobacco Inc., at least for now. While the industry may be staking its future on high-tech smoking devices as global regulations are tightening, Big Tobacco gets the majority of its money through traditional cigarettes. Overall, international cigarette sales volume rose 7.3 percent in the first quarter as the company shipped 98 billion units.
Moody's Japan K.K. has affirmed Japan Tobacco Inc.'s (JT) Aa3 issuer and senior secured ratings, the (P)Aa3 senior secured rating on JT's MTN program, as well as JT International Financial Services B.V.'s ...
Japan Tobacco (2914.T) has agreed to buy Russia's Donskoy Tabak for about 90 billion roubles (1.12 billion pounds) to strengthen its leading position in the world's third-largest tobacco market. Japan Tobacco, the third-biggest international cigarette maker, has been on the hunt for overseas deals to offset shrinking sales at home. Japan Tobacco and its peers -- Philip Morris International (PM.N), British American Tobacco (BATS.L) and Imperial Brands (IMB.L) -- are grappling with slowing sales as more people give up smoking.
Japan Tobacco Inc. agreed to buy Russia’s Donskoy Tabak for 90 billion rubles ($1.6 billion), strengthening its leading position in the country as competition from cigarette alternatives erodes its domestic ...