big head rabbit tobacco Pseudognaphalium obtusifolium ssp. obtusifolium (Blunt-leaf rabbit-tobacco) Pseudognaphalium obtusifolium

Investment Points and Risks Points Although the domestic market is shrinking, growth can be expected overseas Strong appeal as a high-dividend stock Diversifying revenue sources through expansion into non-tobacco businesses Risks Pressure on the domestic business due to a decrease in smokers Deterioration of the sales environment due to stricter regulations and rising health consciousness Foreign exchange risk (due to a high ratio of overseas sales) 4

Total growth in state and local tax revenues, individually and combined, have more than kept up with personal income growth and is well above the cumulative inflation rate for this period

Smoking kills label

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