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While smoking rates have declined due to health awareness, the rise of alternative nicotine products, such as e-cigarettes and smokeless tobacco, has sustained market growth
Management said 2026 will focus on earnings stabilization under its Focus2030 strategy, with continued investment in handmade cigars and nicotine pouches, while working capital is expected to normalize in the first half following the ERP-related delays
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Accordingly, increased expression of PINK1 in lung epithelial cells of patients with COPD has also been observed, along with increased necroptosis markers, impaired alveolar macrophage autophagy (100), mitochondrial dysfunction, and morphology alteration in skeletal muscle (101)
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