Japan Tobacco Inc

2914: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Japan Tobacco: Maintaining Wide Moat and Raising Fair Value Estimate 11%, but Shares Fairly Valued

Kristoffer Inton

Oct 28, 2024

Currency has been a significant tailwind for Japan Tobacco in recent years amid a weakening yen given its global footprint. Still, underlying volume and pricing performance has been strong for its cigarettes business as reduced-risk products remain a minute portion of revenue.

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Japan Tobacco Inc

Japan Tobacco: Maintaining Wide Moat and Raising Fair Value Estimate 11%, but Shares Fairly Valued

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