Japan Tobacco Inc. (JT) announced that it will receive a $1.55 billion (¥252 billion) dividend from its consolidated subsidiary JT International Holding B.V. following a decision by the subsidiary’s board Aug. 24. The dividend was scheduled for receipt Aug. 26 and will be recorded as non-operating income in JT’s nonconsolidated financial statements for fiscal 2026. Because the payment comes from a consolidated subsidiary, JT said it will have no material impact on its consolidated financial results.
Tag: Japan Tobacco
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JT Earns Platinum Kurumin Plus Certification
Japan Tobacco Inc. received Japan’s “Platinum Kurumin Plus” certification for workplace initiatives supporting employees who are balancing infertility treatment with work. The certification is awarded by the Ministry of Health, Labor, and Welfare to companies recognized for advanced childcare support and efforts to accommodate infertility treatment.
JT has supported work-family balance through childcare and nursing care programs and workplace improvements. The company received its first Kurumin certification in 2008 and was recognized as a Platinum Kurumin company in 2018.
JT said it has expanded its employee health initiatives to address issues including menstrual symptoms, menopause, fertility, and gender-specific cancers. The latest certification recognizes its efforts to create a workplace where employees can pursue infertility treatment while continuing their careers.
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JT Marks Peace Brand’s 80th Anniversary
Japan Tobacco announced that it will release limited-edition packaging for its Peace cigarette brand to mark the brand’s 80th anniversary. The limited-edition The Peace package will launch in early September at select tobacco retailers nationwide and through the CLUB JT online shop, while limited-edition packages for Peace Light Box, Peace Super Light Box, and Peace (20) will launch nationwide in early October.
The packaging will feature Peace’s pigeon logo while retaining the brand’s traditional design. JT launched Peace in 1946 and is marking the anniversary with initiatives including the Masters Peace campaign and pop-up events.
The Peace is priced at ¥1,000 ($6.30) with 10 mg tar and 1 mg nicotine. Peace Light Box and Peace Super Light Box are ¥600 ($3.78), with 10 mg/0.9 mg and 6 mg/0.6 mg, respectively, while Peace (20) is ¥600 with 21 mg tar and 1.9 mg nicotine.
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JTI Calls for ASEAN Action on Illicit Tobacco Trade
Japan Tobacco International’s Philippine unit is calling on ASEAN governments to harmonize export controls and destination-market requirements after illicit tobacco trade was estimated to have cost the region $13.1 billion in revenue over the past two years. JTI Philippines Fiscal and Regulatory Affairs Director Mario Zinampan said illicit trade has become a regional issue requiring coordinated action rather than country-by-country measures.
JTI is proposing an ASEAN declaration on harmonizing rules for high-risk and sensitive goods, covering export integrity, customs cooperation, interoperable track-and-trace systems and intelligence sharing. The company also wants ASEAN countries to strengthen proof-of-export and verification requirements and apply destination-country regulations consistently to reduce smuggling, misdeclaration, undervaluation, counterfeiting and diversion.
Zinampan said inconsistent export requirements across ASEAN create regulatory gaps that illicit traders can exploit. He called for a common “destination principle” requiring products exported within the region to comply with the laws of their destination market, arguing that stronger coordination would help close loopholes and improve cross-border enforcement.
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JT Group Reports Strong H1 Performance
Japan Tobacco Group reported strong first-half 2026 results, driven by pricing, positive volume, and market-share gains in both combustibles and reduced-risk products. Core revenue rose 10.6% at constant currency, supported by a JPY157 billion ($973 million) price/mix contribution and a JPY5.1 billion ($31.6 million) favorable volume variance in Asia and EMA. RRP-related revenue increased 40.7%, while adjusted operating profit grew 18.8% at constant currency.
Total tobacco volume increased 1%, or 0.4% excluding inventory adjustments. Combustibles volume rose 0.2%, with Winston and Camel volumes increasing 1.7% and 2.8%, respectively, while RRP volume jumped 33.8%, led by a 43.5% increase for Ploom. JT said tobacco market share increased in more than 30 markets, including Japan, the Philippines, Türkiye, and the U.S., prompting an upward revision to its full-year tobacco business forecast.
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JT Acquires BREAK, Moro to Expand Combustibles in Europe
Following yesterday’s (July 22) announcement that Japan Tobacco Inc. was acquiring the BREAK and Moro fine-cut tobacco brands from Scandinavian Tobacco Group, the company said the deal is intended to strengthen its combustible tobacco business and support its long-term growth strategy. JT said expanding its fine-cut portfolio in Western Europe will improve returns in its combustibles business, reinforce its position in a key market, and help fund continued investment in reduced-risk products. The company added that the acquisition reflects its disciplined capital allocation strategy and is not expected to have a material impact on its financial performance.
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JTI Backs Philippines’ Market Stabilization Strategy
Japan Tobacco International (JTI) endorsed the NTA’s Strategic Tobacco Production Information Campaign (STRATPIC), which aims to align tobacco production with global demand and discourage oversupply ahead of the 2026-2027 planting season. JTI said the initiative will support the industry’s long-term sustainability by helping farmers avoid market disruptions, while emphasizing that data-driven planning, stakeholder collaboration, and a stable policy environment are essential to protecting farmer livelihoods and encouraging continued investment in the Philippine tobacco sector.
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JTI, Authorities Trying to Dent Malaysia’s Illicit Market
Japan Tobacco International said the illicit cigarette trade remains a major challenge in Malaysia, with counterfeit tax stamps and increasingly sophisticated cross-border smuggling operations complicating enforcement efforts. According to JTI Malaysia, the share of illicit cigarettes carrying counterfeit Malaysian tax stamps rose from 8.7% in 2023 to 16% in January 2026, the highest level recorded. The company cited a recent enforcement operation in the Philippines that uncovered counterfeit Malaysian tax stamps allegedly intended for the Malaysian market.
JTIM estimated the country’s illicit cigarette incidence rate at 56.7%, representing roughly RM4 billion ($1 billion) in lost government revenue. Company executives said affordability remains a key driver of illicit trade, warning that rising logistics costs, raw material inflation, and potential excise tax increases could widen the price gap between legal and illicit products. The company also pointed to growing consumer migration toward alternative nicotine products such as vapes, which currently face lower taxation levels than cigarettes.
JTIM said policymakers are evaluating stronger deterrence measures, including digital tax stamps designed to improve supply-chain tracking and real-time product authentication. The company also called for a more balanced tax framework across nicotine categories, advocating for vape taxation to align more closely with heated tobacco products rather than combustible cigarettes.
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Malaysia’s Illicit Cigarette Market at ‘Critical Stage’
Malaysia’s illicit cigarette market is approaching a “critical stage,” with illegal products now accounting for roughly 50% of total consumption, according to industry representatives. Philip Morris International and Japan Tobacco International executives said the country’s illicit rate is among the highest in the region, far exceeding levels in markets such as Singapore and Thailand, and warned that widespread availability has normalized illegal purchasing among consumers.
Industry speakers linked the surge to a sharp excise tax increase in 2015, which widened the price gap between legal and illicit products and drove illegal market share to as high as 63% at its peak. Officials and stakeholders emphasized that addressing the issue will require a coordinated approach combining stronger enforcement, policy adjustments and greater public cooperation, as smuggling networks continue to adapt and exploit regulatory gaps.
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JTI Reports Revenue Up 15%
Japan Tobacco Inc. reported first-quarter 2026 revenue of JPY 924 billion ($5.9 billion), up 15.2% year-over-year, with operating profit rising 24.7% to JPY 304.6 billion ($1.9 billion), supported by pricing, foreign exchange benefits, and strong growth in reduced-risk products (RRP). RRP revenue increased 63.8% to JPY 43.5 billion ($278 million), with shipment volumes up 44.2% to 4.3 billion units, driven largely by continued expansion of its Ploom heated tobacco platform across 25 markets.
Combustible volumes remained broadly stable at 131.3 billion units, with growth in global flagship brands offsetting declines in some regions, while JT reported market share gains in more than 45 countries. The company maintained its full-year outlook, forecasting revenue of JPY 3.697 trillion ($23.7 billion) and operating profit of JPY 921 billion ($5.9 billion), as it continues to balance stable cigarette performance with accelerated investment in next-generation products.