According to Xinhua, Russia temporarily took control of seven subsidiaries of Japan Tobacco Group on November 5-6, following presidential decrees signed by President Putin. The company's stock plunged and hit daily limits for two consecutive trading sessions. Japan Tobacco estimates potential losses of up to 1.3 trillion yen if it permanently loses operational control of its Russian assets. On November 10, the company announced cancellation of its scheduled November 26 online investor briefing due to the impact.

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