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Stock impact report

Japan Tobacco Stands Alone in Boosting Cigarette Shipments [BNN Bloomberg (Canada)]

JAPAN TOBACCO UNSP/ADR (JAPAY) 
NASDAQ:AMEX Investor Relations: gungho.co.jp/en/ir
Company Research Source: BNN Bloomberg
The maker of Winston and Camel cigarettes increased its total combustible cigarette volumes by 2.3% in 2023, Geneva-headquartered JTI said on Tuesday as its parent company Japan Tobacco reported its annual financial results. For comparison, Marlboro-maker Philip Morris International Inc. shipped about 613 billion cigarettes in 2023, a decline of 1.3% from the year before. British American Tobacco Plc made and shipped about 555 billion cigarettes last year, a drop of 8.2% from 2022. The volume variance underscores JTI's divergence in strategy and focus. As Philip Morris and BAT have shifted more research and marketing resources to alternative products including vapes, heated tobacco and nicotine pouches, JTI has leaned more to try and grow market share and volumes in traditional cigarettes. “It has to do with our posture for many years now, and with the transition of some of our competitors into the new categories with more focus,” JTI Chief Financial Officer Vassilis Vovos said Show less Read more
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