JT Agrees to Settle Canadian Lawsuit Economy | Kyodo News | March 3, 2025 (Mon) 15:41 In a lawsuit in Canada over the health risks of smoking, Japan Tobacco (JT) announced on March 3 that it has agreed to a settlement with two tobacco companies in the United States and the United Kingdom to pay a total of C$32.5 billion (about 3.56 trillion yen). Each company will share the burden based on local market share, etc., and pay it in installments according to its annual net profit. JT will revise its previously announced financial results for the fiscal year ending December 2024 and record an allowance for losses of approximately 400 billion yen. JT, Philip Morris International (PMI) and British ... [Read more]