Japan Tobacco Inc. reported a 24% increase in its fiscal second-quarter net profit on lower tax expenses.The world's third-largest tobacco company by sales volume after Philip Morris International Inc. and British American Tobacco PLC also said it remains undecided about buying back its own shares to cushion the disruptive impact on the stock market unless full privatization is on the table.
Currently, the Japanese government is the company's biggest shareholder with a 50% stake.
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