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Japan Tobacco Inc

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BUSINESS
October 24, 1994 | DAVID HOLLEY, TIMES STAFF WRITER
Japan's rocky efforts at selling off government assets are lurching forward with preparations to offer shares in Japan Tobacco Inc. on Thursday. But even before Japan Tobacco--the only company allowed to make cigarettes in this nation of heavy smokers--is officially listed on the Tokyo Stock Exchange, the issue, in effect, has already failed. It follows several similar privatization efforts in which stocks initially surged and then crashed.
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BUSINESS
August 14, 2003 | From Reuters
Canada filed a civil lawsuit against several tobacco companies to collect "substantial" revenue Ottawa says it lost because of cigarette smuggling in the 1990s. The civil suit names R.J. Reynolds Tobacco Holdings Inc. and Japan Tobacco Inc., along with affiliates including JTI-Macdonald. Canadian authorities alleged in February that JTI-Macdonald and three U.S. concerns evaded $870 million in taxes by smuggling Canadian tobacco products from the United States back into Canada from 1991 to 1996.
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BUSINESS
February 2, 2000 | Bloomberg News
* Japan Tobacco Inc. said it will eliminate 4,500 jobs, or 13% of its global tobacco work force, over five years to boost efficiency after last year's costly acquisition of RJR International from RJR Nabisco Holdings Corp. The job cuts will be made largely through attrition. JT, which is 67% owned by the Japanese government, also said it will boost overseas sales promotion spending by $100 million this year in an effort to improve brand image.
BUSINESS
February 2, 2000 | Bloomberg News
* Japan Tobacco Inc. said it will eliminate 4,500 jobs, or 13% of its global tobacco work force, over five years to boost efficiency after last year's costly acquisition of RJR International from RJR Nabisco Holdings Corp. The job cuts will be made largely through attrition. JT, which is 67% owned by the Japanese government, also said it will boost overseas sales promotion spending by $100 million this year in an effort to improve brand image.
BUSINESS
August 14, 2003 | From Reuters
Canada filed a civil lawsuit against several tobacco companies to collect "substantial" revenue Ottawa says it lost because of cigarette smuggling in the 1990s. The civil suit names R.J. Reynolds Tobacco Holdings Inc. and Japan Tobacco Inc., along with affiliates including JTI-Macdonald. Canadian authorities alleged in February that JTI-Macdonald and three U.S. concerns evaded $870 million in taxes by smuggling Canadian tobacco products from the United States back into Canada from 1991 to 1996.
BUSINESS
May 13, 1999 | From Reuters
Presiding over the last annual meeting of tobacco and food behemoth RJR Nabisco Holdings Co., Chairman Steven Goldstone said Wednesday that the $8-billion sale of international tobacco operations allowed a split into "two companies that are in really good shape." Goldstone, ending a tumultuous era storied in the movie and book "Barbarians at the Gate," called his experience at the helm "an interesting ride." "All's well that ends well," he said.
BUSINESS
March 21, 1986 | SAM JAMESON, Times Staff Writer
An American cigarette maker says there is competition now for the first time in the Japanese tobacco market and that his firm intends to be a major participant. Edward W. Whittemore, chairman of American Brands, said his firm will price its cigarettes as low as possible, starting with the introduction April 1 of "super-low tar" Carlton Filter Kings. The price per pack of 250 yen, or $1.43, will "just barely" generate a profit, according to Paul T.
BUSINESS
January 16, 2003 | From Reuters
The European Commission defeated three tobacco companies in a top European court, rebuffing an attempt to derail its smuggling and money-laundering charges against them. "These cigarette manufacturers cannot prevent the [European] Community from continuing legal proceedings brought by it before the Courts in the United States," the Court of First Instance said in a statement. Philip Morris Cos., which along with R.J. Reynolds Tobacco Holdings Inc. and Japan Tobacco Inc.
BUSINESS
November 8, 1989 | From Times wire services
Emperor Akihito conferred one of the nation's highest honors today on the leaders of Japan's tobacco and liquor industries. Akihito gave the Grand Cordon of the Order of the Sacred Treasure to Kazuo Iwata, 79, chairman of Japan Tobacco Inc., the nation's monopoly tobacco company, and Keizo Saji, 70, president of Suntory Ltd., the nation's second-largest brewery of beer and whiskey.
BUSINESS
April 25, 1994 | From Times Staff and Wire Reports
Cigarette Sales Rise for 5th Year in a Row: Sales in Japan rose by 1.1% in fiscal 1993 to a record 332.6 billion cigarettes, according to the Tobacco Institute of Japan. Takahiko Ikeda of the institute, a private national industry group, said the increase reflected the 1.3% growth of Japan's adult population, to 94 million people, that occurred during the year ended March 31. The government partly owns Japan Tobacco Inc., which is gradually being privatized.
BUSINESS
May 13, 1999 | From Reuters
Presiding over the last annual meeting of tobacco and food behemoth RJR Nabisco Holdings Co., Chairman Steven Goldstone said Wednesday that the $8-billion sale of international tobacco operations allowed a split into "two companies that are in really good shape." Goldstone, ending a tumultuous era storied in the movie and book "Barbarians at the Gate," called his experience at the helm "an interesting ride." "All's well that ends well," he said.
BUSINESS
October 24, 1994 | DAVID HOLLEY, TIMES STAFF WRITER
Japan's rocky efforts at selling off government assets are lurching forward with preparations to offer shares in Japan Tobacco Inc. on Thursday. But even before Japan Tobacco--the only company allowed to make cigarettes in this nation of heavy smokers--is officially listed on the Tokyo Stock Exchange, the issue, in effect, has already failed. It follows several similar privatization efforts in which stocks initially surged and then crashed.
BUSINESS
March 21, 1986 | SAM JAMESON, Times Staff Writer
An American cigarette maker says there is competition now for the first time in the Japanese tobacco market and that his firm intends to be a major participant. Edward W. Whittemore, chairman of American Brands, said his firm will price its cigarettes as low as possible, starting with the introduction April 1 of "super-low tar" Carlton Filter Kings. The price per pack of 250 yen, or $1.43, will "just barely" generate a profit, according to Paul T.
BUSINESS
January 16, 2003 | From Bloomberg News
The United Nations unveiled the final draft of an international treaty that would make it illegal for tobacco companies to describe cigarettes as "mild," and hold them responsible for health damage from their products. Next month, the U.N.'s World Health Organization plans to wrap up more than three years of talks designed to cut cigarette consumption and reduce the 4.9 million deaths a year related to tobacco. Firms such as British American Tobacco, Philip Morris Cos. and Japan Tobacco Inc.
BUSINESS
September 12, 2001 | Reuters
Several of the largest tobacco companies announced voluntary plans to limit advertising and marketing internationally as they face increasing pressure from governments worldwide. The restrictions, which include prohibitions against content aimed at youths, were announced by the largest cigarette company, Philip Morris Cos., No. 2 British American Tobacco, Japan Tobacco Inc. and four other tobacco companies.
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