Japan Tobacco

"Despite recent gains by Iranian Tobacco Co. (ITC), multinationals continue to dominate the Iranian cigarette market, according to a report by PressTV, citing ITC CEO Siavash Afzali.

Lists JTI Pars PJSCO in Tehran, iran as its Iran head office. (https://www.jti.com/middle-east/iran)

Speaking at a press briefing on May 17, Afzali said that Japan Tobacco International (JTI) and British American Tobacco (BAT) control more than 61 percent of sales and some 70 percent of the value of the cigarette market in Iran. Afzali estimated that JTI and BAT supplied 46 billion cigarettes to Iranian consumers in the calendar year to late March." (Tobacco Reporter, "Foreign Firms Dominate Iranian Cigarette Market," 5/18/21)   (https://tobaccoreporter.com/2021/05/18/itc-foreign-companies-dominate-iranian-cigarette-market/)

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"GIANTS WITH A FOOT IN TEHRAN: Total, Shell, Statoil, BNP Paribas, Commerzbank, MTN, UPS, Linde, Technip, Nokia, Ericsson, Peugeot, Renault, OMV, Societe Generale, ENI, Mitsubishi, Sumitomo, Siemens, LG, Samsung, Bosch, Valeo, Nestle, Unilever, BAT, Japan Tobacco. (The London Times, "American pressure threatens UK firms," 5/27/06) (http://business.timesonline.co.uk/tol/business/economics/article727079.ece)

In October 2015, the Financial Times reported that Japan Tobacco International’s Iranian subsidiary, JTI Pars, acquired the privately owned Iranian cigarette maker, Arian Tobacco Industry (ATI), in an attempt to reinforce its position as the market leader in Iran. (Financial Times, “Japan Tobacco buys Iranian cigarette maker to boost dominance,” 10/18/2015). (https://www.ft.com/content/626e5c5a-7576-11e5-a95a-27d368e1ddf7?mhq5j=e2)

In 2016, JTI’s leading brand,Winston, recorded double-digit volume growth in 34 markets and record market shares in 20 markets, including Iran. In addition, JTI launched its Camel brand into the Iranian market. (JTI Website, “Japan Tobacco Inc. Annual Report FY2016”). (https://www.jt.com/investors/results/annual_report/pdf/annual.fy2016_E_all.pdf)

"Japan Tobacco, owned 50 per cent by the Japanese government, has been aggressively expanding overseas as demand declines at home. The company dramatically ramped up production in Russia last year and has a major presence in Ukraine, Iran, Turkey and Malaysia." (The Globe and Mail, "Deals, dividends and growth set tobacco stocks alight," 4/11/07)

JTI attended the 2nd Iran International Banking 2017 Forum at the Steigenberger Frankfurter Hof in Frankfurt, Germany in July 2017.

Japan Tobacco is listed on the March 1, 2022 Report to the New Jersey Legislature Iran Divestment as a prohibited company. (https://www.nj.gov/treasury/doinvest/pdf/index/Iran_Progress_Report.pdf)