Oct 31, 2024 / 08:00AM GMT
Hiromasa Furukawa - Japan Tobacco Inc - Executive Officer, Chief Financial Officer
I am Hiromasa Furukawa, Chief Financial Officer of the JT Group. I would like to go through our consolidated financial results for the third quarter of 2024. We would like to share with you the third-quarter 2024 briefings. First, let me clarify that since the closing of the Vector acquisition took place in October, the contribution from this acquisition is only included in the revised forecast for the full year, not in the cumulative third-quarter results.
Please see slide 4. As shown on the slide, revenue and AOP increased both at constant FX and on a reported basis. AOP at constant FX, our primary performance indicator, increased 2.6% year on year. This solid performance was mainly driven by the tobacco business, where the robust pricing contributions outweighed the impact of increased investment towards Ploom as well as higher costs in our supply chain and in indirect expenses such as labor cost.
I would also like to mention the contribution of the processed food business to this performance, where
Q3 2024 Japan Tobacco Inc Earnings Call Transcript
Oct 31, 2024
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