Russia Extends Temporary Administration to Japan Tobacco Units
Three more Japan Tobacco entities in Russia, including one involved in sales and marketing, have been placed under temporary administration, the company said Monday. The additions follow President Vladimir Putin’s order late Thursday covering the company’s Russian factories.
By Money Talk·November 9, 2026·2 min read·607 reads
A Russian presidential decree issued Friday placed the three entities under the administration of local company Industrial Assets, Japan Tobacco said. The company is reviewing the orders’ impact on its Russian operations and possible effects on its financial results. Its Russian business continues to operate, it said.
At the end of September, Japan Tobacco’s Russian business had about 1.5 trillion yen ($9.46 billion) in assets, including goodwill and about Y360 billion in cash and deposits, and roughly Y200 billion in liabilities, according to the company. Japan Tobacco expects Russia to contribute about 10% of its revenue and 25% of adjusted operating profit in 2026.
The measures mark an escalation in Russian action against Japanese businesses after Tokyo backed Ukraine and joined Western sanctions against Moscow following Russia’s 2022 invasion. Japan Tobacco, whose brands include Winston and Camel, is among Russia’s largest tobacco companies, with a market share of nearly 40%.
Japan Tobacco was formerly a state-owned monopoly. The Japanese government held just under 38% of its shares at the end of 2025.
Comments (0)
No comments yet. Be the first!