ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Ukraine war

Japan Tobacco eyes sell-off of Russia business

As other cigarette makers plan to pull out, JT keeps four factories running

Russia accounts for about 15% of Japan Tobacco's operating income. (Source photos by Reuters and Akira Kodaka)   © Reuters

TOKYO -- Japan Tobacco on Thursday announced it is considering selling off its Russian operations, JT International Russia, in response to the country's invasion of Ukraine. The company, which controls nearly 40% of the Russian cigarette market, stated it is "continuing to evaluate various options for its Russia business, including a potential transfer of ownership."

Russia accounts for about 15% of Japan Tobacco's operating income. On March 10, the company announced it would cease new investments and marketing activities in Russia, and postponed the launch of a heated tobacco device in the country that had been scheduled for the first half of 2022. It employs approximately 4,000 people and operates four factories there.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more