JTI Reports 10.7% Net Income Growth in Q2 2022

Jul.30.2022
JTI Reports 10.7% Net Income Growth in Q2 2022
JTI Group reports a strong performance with net income of 1.27 trillion yen ($95 billion) in Q2 2022.

The JTI Group has reported a net income of JPY 1.27 trillion (USD 9.5 billion) for the second quarter of 2022, reflecting a year-on-year growth of 10.7% compared to 2021. When calculated at a fixed exchange rate, the income growth reached 3.7%, which totaled JPY 1.14 trillion. The adjusted operating profit increased by 8% at a fixed currency rate, reaching JPY 338.77 billion. The profit also increased by 17.3% to JPY 264.1 billion.


There is no context or information provided to translate into standard journalistic English. Please provide more details or a sentence for context.


Masamichi Terabatake, President and CEO of JTI Group, announced that the company's performance in the first half of the year was strong, largely driven by advantageous product pricing. He also expressed encouragement with the performance of Ploom X and stated that the company will take advantage of Japan's expertise to guide the international release of the product in the second half of this year.


As a result of favorable fluctuations in the Chinese yuan against the Japanese yen, we have revised upwards our adjusted operating profit and profit forecasts for full-year 2022. However, taking into account the higher input costs that are affecting our supply chain operations, the constant currency-adjusted operating profit is down. The guidance for full-year dividend per share remains unchanged at 150 yen per share. The interim dividend is 75 yen per share.


Regarding Russia, despite continuing to manufacture and distribute our products in compliance with national and international sanctions, the operating environment is becoming increasingly complex. In this context, the JTI group continues to evaluate various options for its Russian business, including the possibility of transferring ownership, and will make necessary decisions in accordance with the group's management principles to address the constantly changing situation.


Please provide the text that needs to be translated.


This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

South Korea's Low Solid Nicotine Tax Draws Criticized for "Ultra-Low Tax Rate" Advantage
South Korea's Low Solid Nicotine Tax Draws Criticized for "Ultra-Low Tax Rate" Advantage
In South Korea, solid nicotine vapes are taxed based solely on nicotine weight, resulting in significantly lower tax burdens compared to liquid-based products. This has sparked debate over tax fairness, with experts calling for swift regulatory revisions to prevent market distortions and weakened policy effectiveness.
May.14 by 2FIRSTS.ai
Swedish Study: Nicotine Pouches Boost Smoking Cessation Rates Among Women by 200%
Swedish Study: Nicotine Pouches Boost Smoking Cessation Rates Among Women by 200%
A recent Swedish study reveals that nicotine pouches are the most effective tool for women to quit smoking, outperforming e-cigarettes and nicotine gum. Since their introduction in 2016, the smoking rate among Swedish women has dropped by 49%, helping the country move closer to becoming the world’s first “smoke-free nation.”
Jun.26 by 2FIRSTS.ai
Russia’s Industry Minister Urges Full E-Cigarette Ban as Lawmakers Draft Bill to Halt Production and Imports
Russia’s Industry Minister Urges Full E-Cigarette Ban as Lawmakers Draft Bill to Halt Production and Imports
Russia’s Industry and Trade Minister Anton Alikhanov has expressed support for a nationwide ban on e-cigarettes, calling it "especially important." The Health Ministry backed the idea earlier in 2025. Lawmakers in the State Duma are now drafting a bill to ban the production and import of e-cigarettes and other nicotine products, aiming to strengthen regulation.
Jun.03 by 2FIRSTS.ai
Ispire Secures Malaysia’s First Nicotine Manufacturing License, Plans to Expand to 80 Production Lines
Ispire Secures Malaysia’s First Nicotine Manufacturing License, Plans to Expand to 80 Production Lines
Ispire has won Malaysia’s first—and only—provisional nicotine manufacturing license, giving it sole rights to make, import and export nicotine products. The company plans to scale up from 6 to 80 production lines and build a global supply chain to reduce geopolitical risks.
May.23 by 2FIRSTS.ai
FDA Embraces AI: Generative System to Be Fully Operational by June's End
FDA Embraces AI: Generative System to Be Fully Operational by June's End
FDA plans to fully integrate a generative AI system across its centers by June 30, 2025. This follows the successful completion of an initial pilot, marking a shift in the agency's approach to regulatory processes. The AI tools are expected to streamline the drug approval process, which typically takes six to ten months, by reducing time spent on repetitive tasks.
May.09 by 2FIRSTS.ai
Smoore's Subsidiary CCELL Faces Antitrust Lawsuit in the U.S., Accused of Price Manipulation and Market Monopoly
Smoore's Subsidiary CCELL Faces Antitrust Lawsuit in the U.S., Accused of Price Manipulation and Market Monopoly
A U.S. federal court in Arizona has recently accepted a class-action lawsuit against Chinese e-cigarette manufacturer Smoore and its U.S. distributor. The suit accuses them of monopolizing the U.S. cannabis vape market through price manipulation and market division, resulting in higher costs for consumers. This marks the second such case filed this year.
Jul.03 by 2FIRSTS.ai