Japan Tobacco Releases 2020 Earnings Report

On February 09, 2021, Japan Tobacco, the maker of Ploom, released its 2020 Earnings Report.

HIGHLIGHTS

• Compared to the previous fiscal year, revenue decreased by 3.8%
• Compared to the previous fiscal year, operating profit decreased by 6.6%
• The company forecasts a revenue decrease of 0.6% in 2021
• The company forecasts an operating profit decrease of 22.6% in 2021
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PLOOM HIGHLIGHTS

• President and CEO of JT Group, Masamichi Terabatake, reported that Japan Tobacco will be releasing “a next generation device for heated tobacco sticks […] early in the second half of this year.” He confirmed that the device would first be launched in Japan, then later in “Russia and other international markets.”

SOURCE: https://www.jt.com/investors/results/forecast/pdf/2020/Full_Year/20210209_10.pdf