|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||22.39 - 22.71|
|52 Week Range||21.90 - 28.74|
|Beta (3Y Monthly)||0.38|
|PE Ratio (TTM)||11.29|
|Forward Dividend & Yield||1.40 (6.18%)|
|1y Target Est||N/A|
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.
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.