Tobacco News » Japan Tobacco

Japan’s Tobacco Farmers Stunt Privatization Plan

admin — Mon, 21 Nov 2011 08:35:31 +0000

A long-term plan by Japan’s government to raise about $24 billion to help fund rebuilding efforts after the March 11 earthquake and tsunami has been cut back by a few thousand farmers summoning their political influence to save their livelihood—growing tobacco leaf. First touted in September, the plan drawn up by Prime Minister Yoshihiko Noda’s [...]

Japan Tobacco Unit Plans to Invest $36 Million in Romanian Plant

admin — Fri, 02 Sep 2011 07:22:20 +0000

Japan Tobacco Inc.’s international unit said it plans to invest as much as 25 million euros ($36 million) to increase cigarette output in Romania by next year. The first new production lines at a factory in Bucharest will be operational in the second half of this month, Japan Tobacco International said in an e-mailed statement [...]

MP defends flower show gift from tobacco company

admin — Tue, 05 Jul 2011 05:59:57 +0000

HARBOROUGH MP Edward Garnier has been criticised over his acceptance of an invite by a cigarette manufacturer to attend the Chelsea Flower Show. Mr Garnier was one of a number of MPs featured in the Daily Telegraph last week for accepting invites to the event from cigarette firms. Two of his constituents, Sandie Harwood, of [...]

TCI calls for overhaul at Japan Tobacco

admin — Thu, 09 Jun 2011 12:38:18 +0000

The Children’s Investment Fund, the hedge fund that stirred controversy in Japan in a shareholder campaign for change at the utility J-Power three years ago, has launched a push for a shake-up at the state-controlled Japan Tobacco. In a letter to Japan’s finance ministry, TCI said poor management of Japan Tobacco’s capital structure by its [...]

Quake hits Japan Tobacco Q4 profit

admin — Fri, 13 May 2011 09:11:11 +0000

Japan Tobacco (JT) said Thursday its net profit in January-March fell 19.3 percent from a year earlier, reflecting a special loss from the March 11 earthquake and tsunami disasters. Profit in the quarter stood at 25.4 billion yen ($302 million). With two of its six domestic tobacco plants damaged by the quake, the company, which [...]

Tanning beds go way of cigarettes

admin — Fri, 26 Nov 2010 07:20:06 +0000

The Nova Scotia government is sticking its nose into the tanning beds of the province, and that’s not such a bad thing. Persons under the age of 19 will no longer be allowed to bathe under the rays of artificial UV lights under proposed regulations in the Tanning Bed Act, introduced by Health Promotion and Protection Minister Maureen MacDonald on Monday. And, similar to the graphic stickers on cigarette packages, salons that offer the use of tanning beds will be required to post warnings outlining the risks associated with tanning bed use for adult users. Read more

Japan cigarette sales double

admin — Wed, 13 Oct 2010 09:10:58 +0000

TOKYO – A LAST-MINUTE rush ahead of a record tobacco tax hike boosted cigarette sales in Japan by 88 per cent from a year earlier to 37.4 billion sticks in September, an industry association said on Wednesday. ‘There was a rapid rise in demand in August and September in anticipation of the price increases to [...]

Japan’s Nicotine Rush

admin — Fri, 01 Oct 2010 07:06:57 +0000

Japanese retailers have experienced a bit of a rush recently—of the nicotine variety. An increase in tobacco tax added around 100 yen ($1.20) to the price of a pack of 20 cigarettes at midnight on Thursday, sucking the nation’s smokers into stores earlier in the week to stock up on cartons of their favourite fix [...]

Government notifies FDI ban in cigarette manufacturing

admin — Tue, 11 May 2010 07:58:39 +0000

The government has notified the ban on FDI in cigarette manufacturing, a decision taken by the Union Cabinet on April 8.
“Manufacturing of cigars, cheroots, cigarillos and cigarettes, of tobacco or of tobacco substitutes” have been put under the list of sectors where FDI is prohibited. Read more

Japan Tobacco raises investment in Indian unit

admin — Fri, 30 Apr 2010 08:38:12 +0000

The world’s third largest tobacco company by sales volume, Japan Tobacco Inc, has invested $65 million (Rs 293 crore) in its Indian unit without increasing its shareholding, just days ahead of a government decision to ban foreign direct investment in cigarette manufacturing. Read more