2024-02-14 08:34:49 ET
Summary
- Japan Tobacco's recent fourth quarter results surpassed expectations, with its top line and bottom line growing by +5% and +4% respectively on a YoY basis.
- The company's market share expansion in specific markets and the pace of transition to Reduced-Risk Products (RRPs) were better than anticipated.
- I upgrade my rating for Japan Tobacco stock to a buy, as I have become more bullish on its growth outlook following a review of its Q4 2023 financial performance.
Elevator Pitch
Japan Tobacco Inc. ( JAPAY ) ( JAPAF ) [2914:JP] shares are rated as a Buy. Previously, I highlighted the company's diversification efforts relating to a greater focus on Reduced-Risk Products or RRPs in my September 18, 2023 article ....
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For further details see:
Japan Tobacco: Turning Positive After Fourth Quarter Earnings Beat (Rating Upgrade)