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Japan Tobacco is the former government monopoly and still controls 60 percent of the cigarette market in the country. <ref> [https://www.bloomberg.com/news/articles/2018-05-16/philip-morris-ceo-says-iqos-needs-cultural-rural-spin-for-japan Philip Morris Targets Aging Japan Smokers With Cultural Spin], ''Reuters'', May 2018, Accessed 12 September 2018 </ref> The JT Act provides that the Government of Japan must continue to hold over one-third of all of the issued shares except for the class shares, which have no voting right against all matters that can be resolved at shareholders’ meeting. {{r|JT_AR_2016|p=49}}  The company is based in Geneva in a brand-new building and owns a large factory in the German-speaking part of Switzerland, in Dagmersellen. <ref> [http://stories.publiceye.ch/tobacco/ The blazing success of Swiss cigarettes in Africa], ''Public Eye'', January 2019, Accessed 10 July 2019 </ref> Japan Tobacco International is planning to cut one quarter of its staff in Geneva over a three-year period as part of restructuring measures. <ref>[https://www.swissinfo.ch/eng/stiff-competition-_japan-tobacco-to-cut-over-250-jobs-in-geneva/45202394 Japan Tobacco to cut over 250 jobs in Geneva], ''Swissinfo'', 3 September 2019, 12 September 2019 </ref> Japan Tobacco International staff members protested outside their Geneva HQ on October 22 against the job cuts. <ref>[https://www.swissinfo.ch/eng/multinationals_japan-tobacco-staff-protest-over-job-cuts/45317158 Japan Tobacco staff complain over Geneva job cuts], ''Swiss Info'', 22 October 2019, Accessed 26 November 2019 </ref> Japan Tobacco announced a plan to establish a global business service center in Manila to serve its markets in the Asia-Pacific region. <ref>[https://manilastandard.net/business/corporate/321875/japan-tobacco-to-set-up-global-center-in-manila.html Japan Tobacco to set up global center in Manila], ''Manila Standard'', 19 April 2020, Accessed 21 May 2020 </ref>
 
Japan Tobacco is the former government monopoly and still controls 60 percent of the cigarette market in the country. <ref> [https://www.bloomberg.com/news/articles/2018-05-16/philip-morris-ceo-says-iqos-needs-cultural-rural-spin-for-japan Philip Morris Targets Aging Japan Smokers With Cultural Spin], ''Reuters'', May 2018, Accessed 12 September 2018 </ref> The JT Act provides that the Government of Japan must continue to hold over one-third of all of the issued shares except for the class shares, which have no voting right against all matters that can be resolved at shareholders’ meeting. {{r|JT_AR_2016|p=49}}  The company is based in Geneva in a brand-new building and owns a large factory in the German-speaking part of Switzerland, in Dagmersellen. <ref> [http://stories.publiceye.ch/tobacco/ The blazing success of Swiss cigarettes in Africa], ''Public Eye'', January 2019, Accessed 10 July 2019 </ref> Japan Tobacco International is planning to cut one quarter of its staff in Geneva over a three-year period as part of restructuring measures. <ref>[https://www.swissinfo.ch/eng/stiff-competition-_japan-tobacco-to-cut-over-250-jobs-in-geneva/45202394 Japan Tobacco to cut over 250 jobs in Geneva], ''Swissinfo'', 3 September 2019, 12 September 2019 </ref> Japan Tobacco International staff members protested outside their Geneva HQ on October 22 against the job cuts. <ref>[https://www.swissinfo.ch/eng/multinationals_japan-tobacco-staff-protest-over-job-cuts/45317158 Japan Tobacco staff complain over Geneva job cuts], ''Swiss Info'', 22 October 2019, Accessed 26 November 2019 </ref> Japan Tobacco announced a plan to establish a global business service center in Manila to serve its markets in the Asia-Pacific region. <ref>[https://manilastandard.net/business/corporate/321875/japan-tobacco-to-set-up-global-center-in-manila.html Japan Tobacco to set up global center in Manila], ''Manila Standard'', 19 April 2020, Accessed 21 May 2020 </ref>
 
In February 2021, Japan Tobacco announced a major restructuring of its ailing domestic tobacco business, centering on the transfer of its head office’s functions from Tokyo to Geneva, and integrating operations with its overseas tobacco business. <ref>[https://web.archive.org/web/20210311085136if_/https://the-japan-news.com/news/article/0007136819 JT to move tobacco business headquarters’ functions to Switzerland], ''The Japan News'', Accessed 11 March 2021</ref>
 
  
 
===Key Executives===
 
===Key Executives===

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