-Putin signed a decree on Thursday placing all Japan Tobacco’s Russian manufacturing operations under temporary state control
-The Japanese government holds more than a third of the tobacco company, which has operated in Russia since 1999
-Japan Tobacco ranks among the largest tobacco firms in Russia, holding a market share of nearly 40%
-Shares of Japan Tobacco were indicated 19% lower Friday as sell orders overwhelmed buy orders

claude/tradingview:

The numbers say this is roughly a fair repricing, not a panic. The decree placed JTI’s stakes in four Russian businesses under the management of Industrial Assets: JTI Donskoy Tabak, JTI Yelets, Kres Neva and Petro, which run the manufacturing sites. The shares went untraded in Tokyo on Friday, set to fall by the daily limit. Thursday’s close was ¥7,769, a fresh high. The TSE limit band at that price is ¥1,500, so limit-down is ¥6,269, or −19.3%. That matches the nearly 19% lower indication.

Russia share of group revenue: about 10%
Russia share of operating profit: almost a quarter, 20–25%
Market share in Russia: 41% of combustibles

Run Forest, run....

[tomaz.peli]
Run Forest, run....

Ali pa buy the dip. :)