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Key Developments: Japan Tobacco Inc (2914.T)

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Latest Key Developments (Source: Significant Developments)

R&I affirms Japan Tobacco Inc's rating at "AA" and announces stable outlook
Friday, 20 May 2016 02:37am EDT 

Japan Tobacco Inc <2914.T> : Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA" .Says rating outlook stable.  Full Article

Japan Tobacco intends to appeal UK's "plain packaging" ruling
Thursday, 19 May 2016 08:09am EDT 

Japan Tobacco International <2914.T>: Intends to appeal against decision of High Court in London to reject its legal challenge to UK legislation introducing plain packaging for tobacco products Further company coverage: [2914.T] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Japan Tobacco to issue dollar-denominated corporate bonds
Thursday, 7 Apr 2016 08:00pm EDT 

Japan Tobacco Inc:To issue dollar-denominated corporate bonds worth $750 million, on April 13.The bonds are each with issue price at $99.976 per face value of $100, maturity date April 13, 2021 and coupon rate 2.00 pct per annum.To issue dollar-denominated corporate bonds worth $500 million, on April 13.The bonds are each with issue price at $99.879 per face value of $100, maturity date April 13, 2026 and coupon rate 2.80 pct per annum.  Full Article

Japan Tobacco issues consolidated full-year outlook and dividend forecast for FY 2016
Thursday, 4 Feb 2016 01:00am EST 

Japan Tobacco Inc:Says it issued the consolidated full-year outlook for revenue at 2,200,000 million yen for the FY ending Dec. 2016.Operating profit of 566,000 million yen.Says earning per share outlook at 222.82 yen.Issued mid-year dividend forecast of 64 yen per share and year-end dividend forecast of 64 yen per share for FY ending Dec. 2016.  Full Article

Japan Tobacco completes acquisition of Natural American Spirit Business outside the United States
Wednesday, 13 Jan 2016 06:30pm EST 

Japan Tobacco Inc:The JT Group has completed the acquisition of the Natural American Spirit business outside the United States.Says the acquisition plan was announced on Sep. 29, 2015.  Full Article

Japan Tobacco Inc - Big Tobacco faces blow as top court adviser backs EU law - Reuters
Wednesday, 23 Dec 2015 02:00am EST 

Japan Tobacco Inc:An adviser to Europe's highest court said an EU law on cigarettes was valid, rebuffing a challenge from Philip Morris International PM.N and British American Tobacco BATS.L, though the court still has to deliver a final ruling - RTRS.The opinion, if adopted by the court in Luxembourg, would be a blow to Big Tobacco companies, which had lobbied vigorously against what was seen as some of the world's strictest anti-tobacco legislation. - RTRS.In a majority of cases, opinions of the court advisers are reflected in the final ruling, which should follow in the coming months. - RTRS."(The advocate general) considers the EU tobacco directive of 2014 to be valid," the opinion published on Wednesday said. - RTRS."The EU legislature did not exceed the considerable latitude to be given to it in ensuring that tobacco and related products may be placed on the market under uniform conditions throughout the EU without losing sight of the fundamental objective of a high level of health protection." - RTRS.The EU Tobacco Products Directive (TPD) was adopted in May 2014 and comes into force next year. Key provisions include the standardisation of packaging, a prohibition by 2020 on menthol cigarettes and special rules for e-cigarettes. - RTRS.Philip Morris and British American, as well as Japan Tobacco International & Imperial Tobacco Group are challenging the legality of the UK plain packaging law in separate proceedings - RTRS.  Full Article

Japan Tobacco raises year-end dividend forecast for FY 2015
Wednesday, 4 Nov 2015 01:00am EST 

Japan Tobacco Inc:Raised year-end dividend forecast to 64 yen per share from 54 yen per share for FY ending Dec. 2015.  Full Article

Japan Tobacco Inc - Canada court orders tobacco companies to set aside almost C$1 bln - Reuters
Tuesday, 27 Oct 2015 08:44pm EDT 

Japan Tobacco Inc:A Canadian appeal court on Tuesday ordered two major tobacco companies to set aside a combined C$984 million ($742 million) while they challenge billions of dollars in damages awarded to smokers in the province of Quebec - RTRS.The more than C$15 billion in damages awarded in June - RTRS.if upheld in an appeal of two class-action lawsuits, would compensate some 100,000 Quebec smokers and ex-smokers who allege the companies knew since the 1950s that their product was causing cancer and other illnesses and failed to warn consumers adequately - RTRS.Imperial Tobacco Canada Ltd - a subsidiary of British American Tobacco Plc BATS.L - must put aside C$758 million, and Rothmans, Benson & Hedges Inc - a subsidiary of Philip Morris International PM.N - must deposit C$226 million, the Quebec Court of Appeal said - RTRS.The court in July said that the two companies plus a third, Japan Tobacco Inc's JTI-Macdonald Corp, would not have to make preliminary deposits - RTRS.Launched in 1998, the class action was considered to be the largest civil case in Canadian history, marking the first time tobacco companies have gone to trial in a civil suit in the country - RTRS.The companies were ordered to set aside the deposits in six and seven quarterly payments stretching to mid-2017, while a hearing on the appeal is scheduled for the autumn of 2016 - RTRS.  Full Article

Japan Tobacco to acquire Natural American Spirit business outside the United States
Tuesday, 29 Sep 2015 06:15am EDT 

Japan Tobacco Inc:To acquire the Natural American Spirit business outside the United States which includes the trademarks and all outstanding shares of RAI’s subsidiaries outside the U.S. which sell the brand from REYNOLDS AMERICAN INC.Says the transaction amount is about 60 bln yen in total.The transaction is expected to be completed by early 2016.  Full Article

Japan Tobacco Inc signs deal with Cxense
Monday, 3 Aug 2015 02:30am EDT 

Cxense ASA:Announces an agreement with Japan Tobacco Inc.The contract includes use of the Cxense DMP (Data Management Platform), Cxense Insight (real-time analytics) and Cxense Content (site personalization) products.  Full Article

BRIEF- R&I affirms Japan Tobacco Inc's rating at "AA" and announces stable outlook

* Says Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "AA"