Q1 2019 Japan Tobacco Inc Earnings Call Transcript
Ladies and gentlemen, thank you very much for waiting. Thank you for dialing in for the 2019 first quarter results conference call despite your busy schedule. We'd like to now start the call as time has come.
First, Executive Vice President and Chief Financial Officer in Communications, Mr. Naohiro Minami, will present for about 10 minutes, and then after we will take questions. We are planning for approximately 50 minutes for the call.
Now without further ado, we would like to move on to the presentation.
I'm Naohiro Minami, Chief Financial Officer of the JT Group. Thank you for joining the conference. First, I will go through the highlights of our consolidated financial results for the first quarter of 2019.
Please look at Slide 3. Adjusted operating profit at constant FX, our main KPI, increased 5 -- 7.2% year-on-year, led by strong pricing gains in the international tobacco business and solid
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