JAPAY Stock, Japan Tobacco Inc. ADR Information

Japan Tobacco is the third-largest tobacco company globally. It owns a rich brand portfolio including Winston (non-U.S.), Camel (non-U.S.), and Mevius, and holds leading shares in Japan, Russia, and the U.K. It owns Logic and Ploom in its reduced-risk-product portfolio. The tobacco business contributes 90% of group sales and nearly all profits, with more than 70% generated by JTI, the overseas tobacco arm. JTI was created through the acquisition of R.J. Reynolds' non-U.S. operations in 1999 and further expanded through multiple acquisitions, of which the purchase of Gallaher in 2007 doubled JTI's sales. JT integrated its domestic and overseas tobacco operations in 2022 in response to smokers' shift to heated tobacco products. Pharmaceutical and food operations are the other businesses.