Japan Tobacco FQ3 Net Profit Surges 67%, Lifts Forecast

Japan Tobacco Inc

reported a 67% surge in its FQ3 net profit. Japan Tobacco's quarterly net profit climbed to Y64.5 billion, from Y38.6 billion, in the year-ago period. Its revenue gained 23% to Y669.6 billion from Y542.6 billion. Japan Tobacco's operating profit jumped 73% to Y116.8 billion from Y67.5 billion. For the full business year ending March, Japan Tobacco lifted its net profit forecast to Y189 billion from Y161 billion. It also lifted its operating profit forecast to Y365 billion from Y329 billion. Japan Tobacco expects revenue at Y2.540 trillion, up from its earlier forecast of Y2.497 trillion.