JT's

The results come as the Japanese government plans to cut its 50% stake in JT to one third, selling about 16.6% of JT's outstanding shares worth about $8.3 billion at the current market price, to raise funds for reconstruction after the March disaster.

Japan Tobacco's Net Jumps 67% as Tax Bite Fades Hiroyuki Kachi 2012

Mr. Takeda said Monday that the number of shares JT would buy back would depend on conditions such as JT's business investment, cash flow and share prices, among other things.

Japan Tobacco's Net Jumps 67% as Tax Bite Fades Hiroyuki Kachi 2012

But for the farmers, removing the state's shield and JT's obligation by law to buy their produce would have spelled the end, undercut by cheaper competitors elsewhere.

Japan's Tobacco Farmers Stunt Privatization Plan Hiroyuki Kachi 2011

"We will consider buying back some of our shares in order to mitigate the impact on the stock market and contribute to the smooth disposal of the government-held shares," said JT's Executive Deputy President Munetaka Takeda.

Japan Tobacco's Net Jumps 67% as Tax Bite Fades Hiroyuki Kachi 2012

A tax increase imposed in 2010 added 40% to the price of a pack of cigarettes, while the number of smokers in a country long seen as nicotine-friendly has fallen to about 22% of the population, according to JT's data.

Japan's Tobacco Farmers Stunt Privatization Plan Hiroyuki Kachi 2011

"We are a blank slate at this moment," JT's executive deputy president Munetaka Takeda said at a news conference in late October, describing the company's uncertainty on what to do should the government continue to hold at least a 33% stake.

Japan's Tobacco Farmers Stunt Privatization Plan Hiroyuki Kachi 2011

Romeu was nickname-checked in JT's programme notes.

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Seven years later, we're more interested in JT's turn as Napster founder Sean Parker in "The Social Network" and Jackson's attempt to cope with the loss of her brother.

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"We recognize the quake impact was only a one-off, special factor for this fiscal year and the impact was mostly realized in the first quarter," said JT's executive deputy president, Munetaka Takeda .

Quake Disruptions Hit Japan Tobacco Results Hiroyuki Kachi 2011

"We are a blank slate at this moment, and would like to study ways" to proceed with the share buyback plan, should the government continue to hold at least a 33% stake, rather than selling its entire stake, JT's executive deputy president, Munetaka Takeda , said at a press conference.

Japan Tobacco Net Jumps 24% Hiroyuki Kachi 2011