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Japan Tobacco sells a billion fewer cigarettes in Japan in April YOY

Japan Tobacco Inc. sold a billion fewer cigarettes in Japan in April than in the same month a year ago, resulting in a 13.3% drop in revenue, the company said May 18 in a preliminary report.

The Japanese tobacco company sold 6.7 billion cigarettes in April 2018, down 13.2% year over year from 7.7 billion in April 2017.

Revenue for the month fell to ¥39.9 billion from ¥46 billion.

Total cigarette sales in Japan in the first four months of 2018 fell to 26.2 billion from 30.7 billion in the same period in 2017, while revenue dropped 14.1% to ¥156.6 billion from ¥182.4 billion.

The Tokyo-based company said it holds a 61.4% market share in Japan as of April.

As of May 18, US$1 was equivalent to ¥110.73.