3 Japan Tobacco Group companies in Russia have newly been added to the Russian companies subject to state control, bringing the total number of JT Group companies expected to be placed under control to 7. JT says it is continuing its Russian operations at present.
Under a Russian presidential decree, 3 companies overseeing JT's Russian operations and handling product sales have newly become subject to the control of Russian companies, bringing the total number of companies to be placed under control to 7. As a result, part of JT Group's local operations will temporarily come under control.
JT explained that some of the Group's local subsidiaries had become subject to temporary control, while explicitly stating that it is continuing its Russian operations at present. Together with the previous presidential decrees, 7 companies will now be subject to control.
Financially, the Russian market is expected to account for approximately 25% of the Group's total operating profit. The assets were approximately ¥1.5 trillion as of the end of September, while liabilities were approximately ¥200 billion.
Regarding its future response and the impact, JT says it is continuing to gather information and consider possible measures and their implications.