Read articles from Japan
July 18, 2018 by forbes.com
Can Philip Morris Provide Some Positive iQOS News In The Second Quarter?
Philip Morris International (NYSE:PM) is set to release its second quarter earnings on July 19, wherein revenue and EPS growth of 9.4% and 8.8% are expected, as compared to the corresponding quarter of the previous year. Revenue growth is set to be driven by increased sales of its reduced risk products (RRPs), iQOS in particular, as well as price increases, while a reduction in the tax rate is expected to be the primary driver in the earnings improvement.
July 18, 2018 by japantimes.co.jp
Japan’s watered-down smoking ban clears Diet
The Diet on Wednesday passed an amendment that will ban smoking in public facilities for the first time as the nation — long deemed a haven for smokers — scrambles to combat secondhand smoke in the lead-up to the 2020 Tokyo Games.
The ban will be implemented in stages, coming into full force by April 2020. The revision to the Health Promotion Law, however, has been significantly watered down from the health ministry’s original proposal, falling short of a comprehensive smoking ban in restaurants and bars.
July 11, 2018 by bloomberg.com
As Juul Flies High With New Funding, Vapes Become a Target
Investors are lining up behind Juul Labs Inc., a startup that makes electronic cigarettes popular with young people. But as vaporizers have taken off, the industry is under pressure from regulators and competitors.
Juul said in a U.S. securities filing posted Tuesday that it raised $650 million out of a funding round expected to reach $1.2 billion. The deal is set to value the business at about $15 billion, Bloomberg reported last month. [...]
June 27, 2018 by japantimes.co.jp
Tokyo lawmakers approve anti-smoking ordinance as capital gears up for 2020 Olympics
The Tokyo Metropolitan Assembly on Wednesday passed an anti-smoking ordinance that is stricter than the national version currently under consideration, in a move intended to rein in secondhand smoke and create a tobacco-free 2020 Olympics.
The capital city’s smoking ban precedes the passage of a similar amendment to the Health Promotion Law that is being deliberated by the national Diet.
June 05, 2018 by japantoday.com
Japan Tobacco cuts heated tobacco prices in battle with Philip Morris
Japan Tobacco Inc on Monday cut prices on its heated tobacco products early next week after a similar move by bigger rival Philip Morris International Inc, signaling increased competition in Japan's nascent market for alternative cigarettes.
Japan, where regular e-cigarettes with nicotine-laced liquid are effectively banned, has become the main market for "heat not burn" (HNB) products which emit less smoke and smell less than conventional cigarettes. [...]
May 21, 2018 by dailycaller.com
ALTERNATIVE SMOKING TECHNOLOGIES ARE DRIVING ‘SUSTAINED DOUBLE-DIGIT’ DECLINES IN CIGARETTE SALES
Alternative tobacco technologies that drastically cut harms from smoking are continuing to fuel a historic decline in cigarette sales in Japan.
A press release Friday from Japan Tobacco (JT) reveals heat-not-burn products such as Philip Morris International’s (PMI) IQOS and British American Tobacco’s (BAT) glo are maintaining their popularity in overseas markets. Domestic cigarette sales for JT dropped by 13.2 percent in April, [...]
January 22, 2018 by dailycaller.com
POPULARITY OF A SMOKING ALTERNATIVE IS CAUSING CIGARETTE SALES TO TANK
An alternative tobacco technology that drastically cuts harms from smoking is causing cigarette sales to plummet at an “astounding” pace in Japan.
A press released [...] shows the record declines the company has experienced in cigarettes sales throughout 2017 accelerated in the final month of the year. Heat-not-burn technologies like the IQOS device by Philip Morris International (PMI) are fueling the tobacco shakeup in Japan. [...]
January 08, 2018 by japantimes.co.jp
As people in Japan smoke less, Japan Tobacco’s new CEO looks abroad for growth
Japan Tobacco’s geographic footprint is primarily focused on its home market, Russia, and Europe, with about 70 percent of its sales volume coming from those regions. Terabatake will have to diversify that footprint to find growth — most likely through smaller deals, as opportunities for larger acquisitions are limited following consolidation in the industry.
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