Nov 4, 2015

Japan Tobacco cuts 2015 operating profit forecast by 17%

Japan Tobacco Inc., which is paying $5 billion for rights to sell Natural American Spirit cigarettes outside the U.S., lowered its annual operating profit target by 17 percent. Operating income will probably be ¥554 billion ($4.6 billion) for the year through December, compared with ...

JT to buy Natural American Spirit outside U.S. for $5 billion

Sep 30, 2015

JT to buy Natural American Spirit outside U.S. for $5 billion

Japan Tobacco said Tuesday it will buy the Natural American Spirit brand outside the United States for roughly $5 billion from Reynolds American. The transaction is expected to be completed by early 2016, JT said in its statement. The brand has seen “strong growth ...

Oct 30, 2013

JT to cut 1,600 jobs, close four plants

Japan Tobacco Inc. is cutting 1,600 jobs and closing four domestic factories as part of its plan to boost competitiveness at home and profitability. The job cuts will be made through a voluntary retirement program that will be offered to eligible employees in the ...

JT seeks smokeless product tie-ups

Oct 7, 2013

JT seeks smokeless product tie-ups


Japan Tobacco Inc. plans to expand its range of smokeless tobacco products and is looking at tie-ups or acquisitions as consumers demand alternatives and regulations tighten worldwide. “There are many ways to enjoy tobacco, so it doesn’t necessarily have to be cigarettes,” Akira Saeki, ...

Jul 12, 2013

JT plans scholarships for low-income students


Japan Tobacco Inc. said Friday it will establish a university scholarship for students from low-income families, providing up to ¥8.8 million until graduation in the most generous program of its kind. The program is scheduled to start next April, JT said. “Students from low-income ...

Feb 26, 2013

Government to sell massive JT stake

The government said Monday it will sell a stake in Japan Tobacco Inc. worth nearly ¥1 trillion to help cover reconstruction costs for the 2011 earthquake and tsunami in the country’s largest share offering since 2010. The Finance Ministry owns about 1 billion shares, ...