Japan Tobacco Inc

2914: XTKS (JPN)

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Japan Tobacco Earnings: Strong Start to 2026 but Uncertainty Looms; Shares Fairly Valued

Kristoffer Inton

May 10, 2026

Japan Tobacco's strong performance continued into the first quarter, with tobacco core revenue growing 16% due to higher prices and volumes, as well as favorable currency movements. Tobacco adjusted operating profit margin expanded 160 basis points to 38.3%

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Japan Tobacco Inc

Japan Tobacco Earnings: Strong Start to 2026 but Uncertainty Looms; Shares Fairly Valued

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