Japan Tobacco's Russian Subsidiary Reports Improved Financial Performance

Apr.23.2023

Japan Tobacco's Russian subsidiary reports increased profits and revenue in 2022.

According to reports on April 20th, Japan Tobacco's subsidiary, Russia Tobacco Company (INTERFAX.RU), is expecting improved financial performance in 2022. The company is the largest tobacco manufacturer in Russia, owned by Japan Tobacco International.

The company reported a revenue of 430.8 billion rubles, representing a 25.4% increase from 2021, with a net profit of 43.5 billion rubles, which grew 1.53 times from the previous year.

The company's tobacco products are manufactured by the "Petro" and "J.T.I. Donskoy Tabak" factories and distributed through the AO TK Megapolis distributor. The company has branches in 25 cities across Russia, with some regions having their own independent branches.

Japan Tobacco International (JTI) holds shares in its Russian subsidiary through JT International Germany GmbH. JTI owns a portfolio of brands, including Winston, LD, Camel, Sobranie, Donskoy Tabak, Kiss, Play, and Peter the Great.

Japan Tobacco's sales in South Korea have decreased by 1.3% due to a lack of new distribution channels for its tobacco products.

Japan Tobacco plans to increase its investment in Ploom X and aims to expand coverage to at least 20 countries by the end of 2024.

References:

The Russian subsidiary of Japan Tobacco, known as "Dochka," has increased its net profits by more than 1.5 times in 2022.

#Europe #Open system e-cigarettes #United Kingdom #Market #Report

This document has been generated through artificial intelligence translation and is provided solely for the purposes of industry discourse and learning. Please note that the intellectual property rights of the content belong to the original media source or author. Owing to certain limitations in the translation process, there may be discrepancies between the translated text and the original content. We recommend referring to the original source for complete accuracy. In case of any inaccuracies, we invite you to reach out to us with corrections. If you believe any content has infringed upon your rights, please contact us immediately for its removal.

U.S. Lawmakers Seek to Empower HHS to Destroy Counterfeit Chinese Tobacco Products

Bipartisan members of the U.S. Congress have introduced the “Ensuring the Necessary Destruction of Illicit Chinese Tobacco Act” (END Act), seeking to amend the Federal Food, Drug, and Cosmetic Act to authorize the Department of Health and Human Services (HHS) to directly destroy adulterated, misbranded, or counterfeit imported tobacco products.Major tobacco companies, including Altria, along with several public health organizations, have announced their support for the bill.

Nov.11 by 2FIRSTS.ai

VCU Tests Nearly 1,300 School-Confiscated Vapes, Finding Mislabeling, Mixed Cannabinoids and Contamination

New research from Virginia Commonwealth University (VCU) found microbial contamination — including coliform, a bacteria indicating fecal exposure — in some vaping devices confiscated from U.S. schools. However, researchers stressed that newly purchased, unopened vapes showed no such contamination. The findings point to risks linked to unregulated products and improper storage conditions, reinforcing the importance of regulated supply chains and product authentication.

News

Dec.01

Bhutan to Impose 115% Tax on E-cigarettes Starting January 2026

The Ministry of Health (MoH) of Bhutan has announced stronger actions to combat the growing threat of e-cigarette use, especially among youth. While no new vaping-related lung collapse cases have been reported since 2024, the MoH confirmed that fiscal and legal reforms are underway to include e-cigarettes in tax and tobacco control laws starting January 2026.

Nov.05 by 2FIRSTS.ai

Australia NSW Police Crack Down on Illicit Tobacco Syndicate Under Strike Force Franklin

NSW Police, together with NSW Health and the Australian Border Force, seized more than 18,000 vapes, 1.9 million cigarettes, 74kg of loose-leaf tobacco and five unregistered firearms during a week of action under Strike Force Franklin. Four people were charged following coordinated raids on the Far North Coast. Police said the operation targeted organised crime networks profiting from illicit tobacco sales, with an estimated street value exceeding $2.35 million(1.54 million US dollars)..