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Japan Tobacco breaks domestic sales slump with 24.8% growth in September

Japan Tobacco Inc. on Oct. 12 reported a 24.8% year-over-year increase in domestic sales for September, breaking a streak of revenue declines since January.

Sales for the month came in at ¥56.2 billion from ¥45 billion in the same period last year. The tobacco company sold 9.4 billion cigarettes, up from 7.5 billion in September 2017.

Japan Tobacco sold a total of 64.2 billion cigarettes in the country for the first nine months of the year, an 8.7% slide from 70.3 billion cigarettes in the comparable year-ago period. Sales year-to-date fell 8.5% to ¥383 billion from ¥418.6 billion in 2017.

The Tokyo-based company said it holds a 63.1% market share in Japan as of September.

As of Oct. 11, US$1 was equivalent to ¥112.21.