FilingReader Intelligence

Japan Tobacco sets aside ~$2.7bn for Canadian lawsuit

March 3, 2025 at 07:03 AM UTCBy FilingReader AI

Japan Tobacco Inc. (TSE: 2914) announced that it will record a provision of just under 400 billion yen (approximately $2.7 billion) in its 2024 fiscal year earnings. The sum is to address potential litigation losses stemming from a proposed settlement involving its Canadian subsidiary, JTI-Macdonald Corp. (JTI-MC), and other major tobacco companies. The proposed settlement aims to resolve all pending tobacco-related claims in Canada.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

TSE:2914Tokyo Stock Exchange

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