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Japan Tobacco net profit up 13.3 pct on Gallaher acquisition, sees fall - UPDATE  

Japan Tobacco Inc. (JT) said on Thursday its net profit rose 13.3 percent in the year ended

March as the acquisition of the UK's Gallaher Group Plc boosted overseas earnings, offsetting weaker business at home.

For the current year to March 2009, however, the country's biggest tobacco company is looking at its first net profit drop in five years, because of a stronger yen, goodwill amortization and higher material costs. . . .

'Once one-off factors are out of the way, I'm confident that we will return to a growth track in the year to March 2010, as we will continue to lift our share of the domestic cigarette market and expand our overseas tobacco business,' Kimura said.

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