Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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JTI - Japan Tobacco International is the international tobacco division of Japan Tobacco, a leading international tobacco product manufacturer. The holding company is JT International SA and headquartered in Geneva, Switzerland, and sells its brands in 120 countries. JTI is international business division is located and listed in Switzerland, but management decisions are made at the headquarters in Japan. The company is semi-state owned.

Hold off investments: company postponing future planned investment/development/marketing while continuing substantive business

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Top 100 largest companies in Russia by revenue

Top 100
Revenue in RF, mln.USD
4772
Offices
70
Staff
4000
Capital, mln.USD
2397
Taxes, mln.USD
3581
Glob.Revenue, mln.USD
17157
Plants
4

JTI is the tobacco market leader and one of the biggest FMCG companies in Russia in terms of sales value. The company's portfolio includes the international brands Winston, LD, Mevius, Camel, and Sobranie, as well as Russian brands Donskoy Tabak, Kiss, Play, Peter I, Troika.

The Company Statement
March 10, 2022

Suspends investments, marketing and launch of new products. The company cannot exclude the possibility of a suspension of its manufacturing operations in Russia.

September 10, 2022
March 31, 2022https://www.jti.com/jt-group-2022-first-quarter-financial-results
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