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Business

Japan Tobacco still addicted to crumbling cigarette strategy

Investors say prescription for growth lies in drug business

Sign outside the Prince Park Tower Hotel in Tokyo, which hosted Japan Tobacco's shareholders meeting on March 24.

TOKYO -- While Japan Tobacco's flagship cigarette business is struggling, its once-moribund pharmaceutical segment is realizing new success. But drugs only account for 3% of group profits, and there is apparently little momentum to enlarge that proportion.

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