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.

Mexico’s Congress Prepares Total Ban on Vapes and E-Cigarettes

Mexico’s Chamber of Deputies is preparing to vote on several major bills before the end of the legislative session, including a full ban on vapes and e-cigarettes. The proposed reform to the General Health Law would prohibit the manufacturing, sale, import, and export of these products, imposing penalties of up to eight years in prison and fines exceeding 200,000 pesos (approximately USD 11,000). L

Dec.09 by 2FIRSTS.ai

Poll Shows Britons Favor Regulation Over Bans on Nicotine Pouches

A new poll commissioned by We Vape UK reveals that most Britons favor regulation — not prohibition — of nicotine pouches. The survey shows broad public support for harm-reduction policies and frustration with weak government regulation, contrasting sharply with Ireland’s recent decision to ban disposable vapes and impose strict limits on nicotine products.

Nov.25 by 2FIRSTS.ai

NSW Landlords Could Face Jail or $165,000 Fine for Allowing Illegal Vape and Tobacco Sales

According to The Guardian, landlords in New South Wales who knowingly allow tenants to sell illicit tobacco or illegal vapes could face fines of up to AUD 165,000, a year in prison, or both. The new offences are part of the state government’s broader crackdown on Australia’s growing black market for cigarettes and vaping products.

Nov.12 by 2FIRSTS.ai

Ireland Implements 50c per ml Tax on E-Liquids Starting Nov 1

From November 1, 2025, Ireland introduces a new E-liquid Products Tax (EPT), adding €0.50 per millilitre to all e-liquid products, including nicotine-free types. Signed into law by Finance Minister Paschal Donohoe, the measure targets youth vaping and requires suppliers to register with Revenue and pay duty at import, manufacturing, or distribution.

Nov.03 by 2FIRSTS.ai