Japan Tobacco Inc. Establishes New Global Tobacco Strategic Committee, Effective January 1, 2017
November 28, 2016
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Japan Tobacco Inc. has announced the company's new organizational structure for the group's tobacco business. The company establishes a new Global Tobacco Strategic Committee, effective January 1, 2017. Global Tobacco Strategic Committee is an advisory committee for the President of the Tobacco Business and has as its principal objective to facilitate further growth of the Group's Tobacco Business. The Committee will discuss the mid- to long-term growth strategies for the overall tobacco business including resource allocations related to business investments. Members of the Committee, JT: President, Tobacco Business (Chairman); President, Japanese Tobacco Business; senior vice president; Head of Tobacco Business Planning Division.JTI: CEO; Deputy CEO; Executive vice president, Business Development. The Company will appoint a "President, Japanese Tobacco Business" as of January 1, 2017, who will be in charge of the Japanese Tobacco Business, directly under the President of the Tobacco Business, in order to accelerate business decision-making. By delegating the major roles and responsibilities for the operations in Japan, the President of the Tobacco Business will be able to enhance the focus on the overall global strategy.
Japan Tobacco Inc. specializes in manufacturing and marketing of tobacco products. The group's products include primarily cigarettes, cigars, chewing and snuff tobaccos. Net sales break down by activity as follows:
- sale of tobacco products overseas (66%): 460 billion products sold in 2021, under the brands Winston, Camel, Silk Cut, Sobranie, Glamour, etc.;
- sale of tobacco products in Japan (24.1%): 67 billion products sold under the brands Cabin Prestige, Seven Stars, Pianissimo, Mild Seven, etc.;
- distribution of food products (6.3%);
- development of pharmaceutical products (3.5%): primarily for dyslipidemia, osteoporosis and Hepatitis C treatment;
- other (0.1%).
68.5% of net sales are abroad.