Key Developments: Japan Tobacco Inc (2914.T)

2914.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Japan Tobacco completes acquisition of Logic Technology Development
Tuesday, 28 Jul 2015 02:00am EDT 

Japan Tobacco Inc:Says it has acquired U.S.-based company Logic Technology Development LLC.Plan disclosed on April 30.  Full Article

Japan Tobacco to issue corporate bonds
Tuesday, 7 Jul 2015 11:00pm EDT 

Japan Tobacco Inc:To issue a ninth series corporate bonds worth 60 bln yen through public offering.Bonds an interest rate of 0.217 pct and a term of five years.Maturity on July 15, 2020.Payment date July 15.To issue a 10th series corporate bonds worth 30 bln yen through public offering.Bonds an interest rate of 0.358 pct and a term of seven years.Maturity on July 15, 2022.Payment date July 15.To issue a 11th series corporate bonds worth 25 bln yen through public offering.Bonds an interest rate of 0.599 pct and a term of 10 years.Maturity on July 15, 2025.Payment date July 15.Proceeds to be used to repay loan.  Full Article

Japan Tobacco to transfer stake in subsidiaries and to sell brands to Suntory Beverage & Food
Tuesday, 7 Jul 2015 02:00am EDT 

Japan Tobacco Inc:To transfer 70.5 pct stake in its subsidiary JB, 100 pct stake in JTA and 49.7 holding stake in JT, and to sell two brands to Suntory Beverage & Food Ltd, at the price of 150 bln yen, on July 31.  Full Article

Japan Tobacco announces first instance judgment in quebec class actions trial
Monday, 1 Jun 2015 07:30pm EDT 

Japan Tobacco Inc:Announced that the Quebec Superior Court delivered a first instance judgment in two class actions against three Canadian tobacco manufacturers including JTI-Macdonald Corp. (JTI-MC), a subsidiary of JT Group.JT understands that the total award against JTI-MC is about C$2 billion and the Court ordered JTI-MC to pay about C$142 million by July 26, notwithstanding appeal.JTI-MC fundamentally disagrees with the Court’s conclusions and intends to appeal this decision and to request that the Quebec Court of Appeal suspend the initial payment order.  Full Article

Japan Tobacco to transfer stake to Suntory Beverage & Food
Monday, 25 May 2015 03:40am EDT 

Japan Tobacco Inc:To transfer stake in companies engaged in drink vending machines operator business, to Suntory Beverage & Food.To transfer 70.5 pct stake in JT to Suntory Beverage & Food.To transfer entire 100 pct stake in JTA to Suntory Beverage & Food.To transfer entire 49.7 stake in a company to Suntory Beverage & Food.To transfer two drink brands to Suntory Beverage & Food.To sign transaction agreement in July.Total price of about 150,000 mln yen.  Full Article

Japan Tobacco Inc to acquire Logic Technology Development LLC (Logic)
Thursday, 30 Apr 2015 02:15am EDT 

Japan Tobacco Inc:Entered into an agreement to acquire Logic Technology Development LLC (Logic).Executive management team of Logic will remain with JT Group post-acquisition in order to benefit from their extensive knowledge and experience of the US e-cigarette market.Transaction will be funded by Group's existing cash and loan facilities, with an expected minor effect on the Group's consolidated performance for fiscal year 2015.Expects to complete acquisition in Q3 fiscal year 2015 following regulatory clearance.  Full Article

R&I affirms Japan Tobacco's rating at "AA" and announces stable outlook
Tuesday, 14 Apr 2015 02:00am EDT 

Japan Tobacco Inc:Rating and Investment Information, Inc. (R&I) affirmed Japan Tobacco's issuer rating at "AA".Rating outlook stable.  Full Article

Japan Tobacco signs contract of selling right of 2 new anti-HIV drugs with Torii Pharmaceutical
Monday, 2 Mar 2015 01:00am EST 

Japan Tobacco Inc:Signed an exclusive distribution agreement in Japan of 2 new anti-HIV drugs with Torii Pharmaceutical Co., Ltd.  Full Article

Japan Tobacco subsidiary gets patent and trademark right from Ploom
Monday, 16 Feb 2015 07:00pm EST 

Japan Tobacco Inc:Subsidiary Japan Tobacco International got patent and trademark right from Ploom, Inc.  Full Article

Japan Tobacco announces result of early-retirement program
Thursday, 5 Feb 2015 01:00am EST 

Japan Tobacco Inc:Says 1,754 employees took up the offer of the early-retirement program announced on Oct. 30, 2013.Effective date of retirement is in end of March 2015, and a part of in end of March 2016.  Full Article

Japan MOF panel urges govt to keep stake in Japan Tobacco for now

TOKYO, June 22 - Japan Finance Minister Taro Aso's advisory panel urged the government on Monday to keep its stake in Japan Tobacco Inc for now, a move that would alter a plan to use revenue from share sales for funding the cost of post-earthquake reconstruction.

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