Supporting sustainable growth through investments from a long-term perspective
The JT Group has reinforced its business base through M&As such as RJR Nabisco's non-US tobacco operations in 1999 and Gallaher in 2007, and has also expanded its product variety by acquiring two e-cigarette companies, Zandera in 2014 and Logic in 2015. In 2016, we acquired the Natural American Spirit business outside the US, which allowed the JT Group to enlarge its brand portfolio to meet various needs of consumers. In addition to M&A, we have invested heavily in our brands from a mid- to long-term perspective and expanded our geographical coverage. We will continue our investments for further growth.