Japan Tobacco
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Headquarters in Toranomon, Minato, Tokyo
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| Public company KK | |
| Traded as | : Osaka SE: 2914 : 2914 Fukuoka SE: 2914 Sapporo SE: 2914 |
| Industry | Tobacco |
| Founded | June 1, 1949 (as Japan Tobacco and Salt Public Corporation) April 1, 1985 (Private Company) Minato, Tokyo, Japan |
| Headquarters | 2-1, Toranomon, Minato, Tokyo, Japan |
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Key people
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Mitsuomi Koizumi (President and CEO) Hiroshi Kimura (Chairman) Thomas A. McCoy (CEO of Japan Tobacco International) |
| Products | See below |
| Revenue |
 ¥2.033 trillion (2012) |
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¥459.18 billion (2012) |
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¥328.55 billion (2012) |
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| Total assets |
 ¥3.667 trillion (2012) |
| Total equity |
¥1.714 trillion (2012) |
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Number of employees
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48,529 (2011) |
| Parent | Government of Japan (33.35%) |
| Subsidiaries | Gelora Djaja RJR Tobacco Company |
| Website | www.JT.com |
Japan Tobacco Inc. (日本たばこ産業株式会社 Nihon Tabako Sangyō Kabushiki-gaisha?), abbreviated JT, is a cigarette manufacturing company. It is part of the Nikkei 225 index. In 2009 the company was listed at number 312 on the Fortune 500 list. The company is headquartered in Toranomon, Minato, Tokyo and Japan Tobacco International's headquarters are in Geneva, Switzerland. As of 2012 the chairman is Hiroshi Kimura and the CEO is Mitsuomi Koizumi. It was founded as a public company on April 1, 1985.
Japan Tobacco is the successor entity to a nationalized tobacco monopoly first established by the Government of Japan in 1898 to secure tax revenue collections from tobacco leaf sales. In 1904, the government's leaf monopoly was extended to a complete takeover of all tobacco business operations in the nation, including all manufactured tobacco products such as cigarettes. The ostensible reason for the expansion of control was to help fund the 1904 Russo-Japanese War, but because all foreign tobacco interests in Japan at the time were forcibly evicted under the monopolization scheme, this also protected the domestic tobacco business for nearly eighty years.
The business operated within the Japanese government as an arm of the nation's Japanese Ministry of Finance until 1949 when the Japan Tobacco and Salt Public Corporation ( Nippon Senbai Kōsha?) was established to enforce restrictive labor relations policies under the U.S. and allied forces' Occupation of Japan. The Japan Tobacco and Salt Public Corporation remained a complete state monopoly under direct Japanese Ministry of Finance authority until 1985, when Japan Tobacco, Inc. was formed as a publicly traded stock company. With periodic incremental sales of the public's ownership beginning in October 1994, Japan Tobacco became two-thirds owned by the Japanese Ministry of Finance in June 2003, and the ministry continued to own 50% until March 2013. It was announced in May 2012 that the government would sell one-sixth of the company's outstanding shares to raise ¥500 billion to finance reconstruction from the 2011 earthquake and tsunami. In 2013 the Japanese government disclosed the details of its plans to reduce its equity interest in Japan Tobacco by $10 billion, devoting the proceeds to reconstruction in northeastern Japan. The ministry of finance sold the stock in March 2013, selling about 333 million of the 1 billion shares it owned at that time. The government remains required by law to own at least one-third of JT's stock.
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Wikipedia