JAPAF - Japan Tobacco Inc. (JAPAF) Management on Q1 2021 Results - Earnings Call Transcript

Japan Tobacco, Inc. (JAPAF) Q1 2021 Earnings Conference Call April 30, 2021 4:00 AM ET Company Participants Naohiro Minami – Chief Financial Officer Koji Shimayoshi – Deputy Chief Executive Officer Dinesh Thotakura – General Manager of Media and IR Division Conference Call Participants Nobuyoshi Miura – Citigroup Satoshi Fujiwara – Nomura Securities Hiroshi Saji – Mizuho securities Makoto Morita – Daiwa Securities Satsuki Kawasaki – UBS Ami Yoshida – JPMorgan Securities Presentation Naohiro Minami Good evening, and thank you for joining today’s call relative to JT’s 2021 first quarter results. I am Naohiro Minami, Chief Financial Officer of the JT Group. First, let me explain the consolidated results from January to March. Adjusted operating profit at constant currency, the main indicator of our business performance, increased by 27.2% year-on-year, driven by strong momentum across our tobacco businesses. This is largely above our projection for the period. In addition to the

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Japan Tobacco, Inc. (JAPAF) Management on Q1 2021 Results - Earnings Call Transcript