NEWSWORTHY
Arrested ex-CIA agent linked to dozen U.S. spy deaths was Christie's security guard in Hong Kong
The former CIA agent arrested in the United States earlier this week on suspicion of helping Chinese spies was a security guard at Christie's in Hong Kong, the auction house said Thursday. Hong Kong resident Jerry Chun Shing Lee, a naturalized U.S. citizen also known ...
As people in Japan smoke less, Japan Tobacco's new CEO looks abroad for growth
Japan Tobacco Inc.'s Masamichi Terabatake is in the hot seat. The 52-year-old started off 2018 by taking the helm of the world's third-largest tobacco company. While the view from his new Tokyo office may be different than the one from his previous stint at the ...
Masamichi Terabatake to become Japan Tobacco president next year
Japan Tobacco Inc. has tapped Masamichi Terabatake, executive vice president of Switzerland-based JT International SA, as the next leader of the parent to succeed incumbent President Mitsuomi Koizumi. Terabatake, 51, will take over as president of Japan Tobacco on Jan. 1, 2018. He will obtain ...
Japan Tobacco targets emerging markets with fewer health controls as rivals go high-tech
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 to buy Philippine cigarette maker for $1 billion
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 ...
Tobacco tax revenue to shrink by ¥50 billion this year: study
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 ...
Japan Tobacco caught dozing in promising 'heat-not-burn' market
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 ...
Media sidesteps calling Japan Tobacco out on advertising conflicts
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 ...
Japan Tobacco playing catchup as nation takes to vaping in big way
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 ...
Activist hedge fund TCI profits in private as Japan Tobacco says no
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 ...
