JT shares were flooded with sell orders at the open after the Japanese government protested Russia's presidential decree, amid the temporary administration of Japan Tobacco's assets in Russia.
The Japanese government called for the withdrawal of the measure after Russian President Putin signed a presidential decree placing the Russian assets of JT's overseas subsidiary under temporary administration. The Ministry of Finance holds a 37.55% stake in JT, while Russia accounts for approximately 10% of the group's total revenue. On the 6th, JT shares were flooded with sell orders on the Tokyo Stock Exchange and had not opened.
Finance Minister Katayama Satsuki (片山さつき) disclosed at a press conference following a Cabinet meeting that Japan had protested to Russia through diplomatic channels, and indicated that the government would respond in coordination with the relevant ministries. The Ministry of Economy, Trade and Industry had sent senior officials and others to Russia, where they protested to the Russian government.
A policy of placing JT's Russian assets under temporary administration was announced in a Russian presidential decree. JT has approximately 35% of the Russian market, mainly through Camel, and its Russian business accounts for approximately 25% of the group's adjusted operating profit.
According to Ministry of Foreign Affairs statistics, 321 Japanese companies operated in Russia as of the end of October 2025. Major companies including Komatsu and Yokohama Rubber are closely monitoring the situation.