While most tobacco companies have embraced smokeless products to survive ever-tightening controls, the Japanese maker of Winston and Camel cigarettes is pressing ahead with a more low-tech strategy: Selling smokes to emerging markets. Japan Tobacco Inc., whose domestic market is predicted to shrink 27 percent ...
Japan Tobacco has said it would pay nearly $1 billion to buy Mighty Corp., the Philippines' No. 2 cigarette firm, marking its second acquisition in Southeast Asia this month. One of the world's biggest tobacco companies, whose global brands include Winston and Camel, Japan Tobacco ...
Japan's tobacco tax revenue is likely to drop by more than ¥50 billion ($460 million) this year as more smokers switch to heated tobaccos containing less tobacco leaves, according to an estimate compiled Friday by Kyodo News and a research institute. The fall is sure ...
The tobacco industry continues to subvert government attempts to prevent tobacco-related deaths, the World Health Organization (WHO) said on Wednesday in a fresh call to counter corporate lobbying and litigation. Countries with partly state-owned tobacco companies, such as Japan, which has a stake in Japan ...
Smoker Takumi Itou is an example of how much Japan Tobacco Inc. needs to catch up, as international rivals gain ground in the battle to offer the next generation of smoking alternatives. Itou has been using a ¥9,980 ($89) IQOS device made by Philip Morris ...
Philip Morris Japan Ltd. said Thursday that it will open a store in Tokyo's Ginza district on Friday to sell its smokeless tobacco device iQOS. Also on Thursday, Japan Tobacco Inc. opened to the media a special shop in Fukuoka that will sell its smokeless ...
When I want a coffee I seek out Starbucks, not because I think it has the best product, but because it's the only coffee shop I know of that's 100 percent nonsmoking. Almost all others in Japan have separate smoking and nonsmoking sections, which ...
Competition to sate Japanese nicotine addicts is heating up. Philip Morris International Inc. and Japan Tobacco Inc. have rolled out products that are heated — not burned — in battery-charged devices, seeking to appeal to smokers who want their nicotine fix without the usual smell ...
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 its ...
For four years a hedge fund urged one of Japan's oldest companies to raise its dividend, and each time the answer in public was no. Behind the scenes, something else was happening. Though it lost every proxy fight, the Children's Investment Fund claims a list ...
Suntory Beverage is buying a bigger piece of a shrinking but lucrative pie with its purchase of the Japan Tobacco's vending machine subsidiary.
Japan Tobacco Inc.'s first-quarter operating profit declined 8.4 percent as domestic cigarette sales fell and the weakness of the Russian ruble hurt earnings from its biggest overseas market. The company also agreed to buy Logic Technology Development LLC, a U.S. e-cigarette brand, as it expands ...
