Japan Tobacco International

History and Acquisitions

  • JTI formed in 1999 through the acquisition of R.J. Reynolds' international tobacco operations for $7.8 billion.
  • In 2007, JTI acquired Gallaher Group for GBP 9.4 billion, the largest foreign acquisition by a Japanese company at the time.
  • In 2009, JTI acquired Tribac Leaf Limited and two Brazilian tobacco companies.

Canadian Class Action Lawsuit

  • JTI-Macdonald Corp is one of the three Canadian tobacco companies facing the largest class-action lawsuit in Canadian history.
  • The lawsuit started in 2012, and the companies could potentially pay C$27 billion in damages and penalties.
  • Quebec Superior Court awarded over $15 billion to Quebec smokers in a landmark case involving JTI-Macdonald Corp.
  • JTI-Macdonald Corp expressed disagreement with the judgment and intended to file an appeal.
  • Canadian provinces are also suing tobacco companies to recover healthcare costs caused by smoking.

Patron of the University of Latvia

  • JTI is a silver patron of the University of Latvia Foundation.
  • The company has supported the university since 2010 by donating to long-term projects of the University of Latvia Senior Association.

Revenue and Financial Figures

  • JTI's revenue in Russia in 2022 amounted to 431 billion rubles.
  • The Canadian class-action lawsuit against JTI-Macdonald Corp and other tobacco companies could result in a payout of C$27 billion.
  • JTI-Macdonald Corp was ordered to pay 13% of the total amount awarded in the Quebec court case, approximately C$2 billion.

Cigarette Brands

  • JTI has a portfolio of cigarette brands marketed regionally, including Export in Canada.

Japan Tobacco International Data Sources

Reference URL
Glossary https://www.alternix.com/blogs/glossary-of-terms/japan-tobacco-international
Wikipedia http://en.wikipedia.org/wiki/Japan_Tobacco_International
Wikidata https://www.wikidata.org/wiki/Q397401
Knowledge Graph https://www.google.com/search?kgmid=/m/0jk_vhd