Besides CNTC, Japan Tobacco Inc. is also a company established by a country’s government. As the name suggests, Japan Tobacco Inc. was founded by Japan’s Ministry of Finance to be able to control the monopoly of tobacco products in Japan in 1989.
The company became one with salt monopoly under the name Japan Tobacco and Salt Public Corporation (JTS) in 1949.
However, 36 years after that, JTS which previously managed the salt and cigarette monopoly changed to JT and only focused on the cigarette monopoly.
JT has become more open to the public regarding the company's share ownership by opening 50% to the public who want to buy it. Until 2013, half of its shares were still owned by Japan’s Ministry of Finance.
Became the kickstart of cigarette monopoly in Japan, this has made the import of cigarette foreign brands easier to reach the Japanese market.
However, this did not decrease JT's prestige in the Japanese market. The evidence was shown in the high demand for JT’s products such as Mevius, Cabin, Caster, Seven Stars, and Peace.
In 1999, Japan Tobacco established an office in Geneva, Switzerland for the company division that globally sold the cigarettes under the name Japan Tobacco International (JTI). This part of the company officially produces and distributes brands from R.J. Reynolds, like Camel, Salem, and Winston.
International cigarette sales gained 60% of the total revenue from JT's total profits. With products that successfully sold in 130 countries, JT became the fourth largest cigarette company in the world in 2017. The company controls 8.4% of the global cigarette market.
JT’s cigarette sales abroad became a greater income for JT with a figure of 60% of total revenue. This way, JT controls the global cigarette market by 8.4% in 2017.