Japan Tobacco
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| Japan Tobacco Inc. | |
|---|---|
| Type | Public KK (TYO: 2914) |
| Founded | 1985 |
| Headquarters | Tokyo, Japan |
| Key people | Yoji Wakui, Chairman Hiroshi Kimura, President & CEO Pierre de Labouchere, CEO of JT International SA |
| Industry | Tobacco, Pharmaceuticals, Food |
| Products | See below |
| Revenue | |
| Net income | |
| Employees | 31,476 (2005) |
| Slogan | The Delight Factory |
| Website | www.jti.co.jp |
Japan Tobacco Inc. (日本たばこ産業株式会社 Nihon Tabako Sangyō Kabushiki-gaisha?, TYO: 2914), JT for short, is a cigarette manufacturing company. It is part of the Nikkei 225 index.
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The company traces its origins to 1898. Incorporated in 1949 as the Japan Tobacco and Salt Public Corporation, Japan Tobacco was a state monopoly until 1985, when it became a public company.
It was two-thirds owned by the Japanese Ministry of Finance until June 2004, and the Japanese government share is presently 50%. JT International (JTI), acquired in 1999 from R.J. Reynolds, is an operating division of Japan Tobacco Inc., handling the international production, marketing and sales of the group's cigarette brands. It sells Camel, Salem, and Winston brands outside the USA.
Japan Tobacco also operates in foods, pharmaceuticals, agribusiness, engineering, and real estate. Japan Tobacco completed the largest ever foreign takeover in Japanese history through acquisition of Gallaher Group plc in April 2007.[1]
Japan Tobacco runs the Tobacco and Salt Museum in Tokyo.
Japan Tobacco controls 66.4% of the cigarette market in Japan and will seek more takeovers from 2009 to build on the 7.5 billion pound (USD 15 billion) purchase of Gallaher Group, with President Hiroshi Kimura commenting that further acquisitions would be appropriate after the full integration of Gallaher by 2009.[2][3]
JTI runs a series of surreal posters designed to educate smokers about the finer points of smoking etiquette.
- ^ http://news.scotsman.com/topics.cfm?tid=663&id=1863962006
- ^ JT holds approximately two-thirds of the domestic cigarette market share, which is built on its best-selling brands: Mild Seven, Cabin, Caster, Seven Stars, Peace, Camel, and Salem." Japan Tobacco website, 2006
- ^ Hoover's business report, 2006, on Japan Tobacco Inc. "Japan Tobacco has plenty to puff about. The company controls more than 70% of the cigarette market in a country where about half of the male population smokes."
- Japan Tobacco official website (English)
- Japan Tobacco official (Japanese)
- The Tobacco and Salt Museum (English)