Recently, according to the Q1 performance report released by JT, the revenue in the first quarter of 2021 was 547.4 billion yen (about US $5.02 billion), 5.3% higher than that in the first quarter of 2020. The adjusted operating profit increased by 21.3% to 178.1 billion yen, while the operating profit increased by 24.2% to 160.1 billion yen. According to the fixed exchange rate, the adjusted operating profit was 186.9 billion yen, an increase of 27.2% over the quarter of 2020.
"JT group has maintained a strong growth momentum in its tobacco business, which is mainly due to the growing fuel market share in many markets. In addition, temporary and favorable industry sales trends in some mature markets led to strong performance in the first quarter. " Masamichi terabatake, President and CEO of JT group, said.
"As announced in February, we focus our management resources on the HNB business and are currently preparing to launch our next generation ploomx of this kind in the second half of this year. In addition, we are making steady progress as planned, starting from 2022 to develop a blueprint for a new business model and organizational structure for the merged tobacco business. With our strong first quarter results, our goal is to achieve the full year forecast. However, we cannot ignore the uncertainty brought about by the covid-19 pandemic, so we will continue to closely monitor the changing operating environment. "
JT Group expects revenue to fall by 0.6% to 2.08 trillion yen by 2021. The adjusted fixed operating profit is expected to grow by 5.1% to 512 billion yen at the fixed exchange rate.
According to the report, adjusted operating profit is expected to decline by 2.5% to 475 billion yen. Operating profit is expected to decrease by 22.6% to y363 billion.