Japan Tobacco Inc (2914.T)
TOKYO Japan Tobacco Inc plans to spend $500 million to quadruple its smokeless tobacco production capacity by the end of 2018, as it races against bigger rival Philip Morris for a larger share of the Japanese vaping products market.
* Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA" -R&I
LONDON, Feb 22 Tobacco company Imperial Brands and nutritional ingredients maker Glanbia are attractive targets for Japanese companies looking to expand into international markets, Exane BNP Paribas analysts said in a note to clients.
TOKYO Japan Tobacco Inc said it was still confident about the prospect of its Ploom Tech tobacco-based electronic cigarettes, the launch of which has been delayed due to supply problems, and raised its dividend despite forecasting a lower annual profit.
* Hikes annual dividend by about 8 pct, but sees lower net profit