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Japan Tobacco's domestic sales drop 6.7% in November

Japan Tobacco Inc. Dec. 14 posted a 6.7% year-over-year decline in domestic sales for the month of November.

The Tokyo-based company's sales during the month totaled ¥39.2 billion, down from ¥42 billion in November 2017.

The company sold 6.1 billion cigarettes in November, compared to 7 billion cigarettes sold in the same period a year ago.

In October, the company reported a 30.8% year-over-year drop in domestic cigarette sales.

For the first 11 months of the year, Japan Tobacco's domestic cigarette revenue came in at ¥453 billion, down 10.3% from ¥505.2 billion in the year-ago period.

As of Dec.13, US$1 was equivalent to ¥113.67.