Tag - Japan Tobacco

Japan Tobacco warns of profit decline, to slash jobs and focus on heat sticks

TOKYO (Reuters) - Japan Tobacco Inc (JT) said on Tuesday it planned to cut around 1,000 jobs and focus its efforts on winning market share in heated tobacco devices, as it forecast an unexpected slump in profit this year. The company said it expects 2021 operating profit to fall 23% to 363 billion yen ($3.46...