Japan Tobacco Releases 2020 Third Quarter Results

On October 30, 2020, Japan Tobacco, the maker of Ploom, released its 2020 Third Quarter results.

  • Compared to the previous fiscal year, revenue decreased by 2.5%
  • Compared to the previous fiscal year, operating profit decreased by 11.4%
  • Japan Tobacco President and Chief Executive Officer, Masamichi Terabatake, attributes these numbers to the lasting effect of COVID-19
  • In November, 2020, Ploom TECH+, “a new tobacco infused vapor device” will be launched

SOURCE: https://www.jt.com/investors/results/forecast/pdf/2020/Third_Quarter/20201030_07.pdf