Japan Tobacco Inc.

Japan Tobacco Inc.

JAPAY
Japan Tobacco Inc.US flagOther OTC
19.19
USD
+0.26
- -
68.12BMarket Cap
2014 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
660.2
555.61
627.46
598.39
597.34
618.54
612.24
589.74
655.1
748.79
800.24
860.79
976.59
850.02
Basic EPS, GAAP
117.74
99.84
135.27
117.73
109.55
107.65
97.98
87.44
95.38
124.73
135.85
50.47
143.68
140.94
Free Cash Flow per Basic Share
67.67
118.09
94.51
74.14
77.91
84.46
114.54
115.89
139.76
108.29
126.68
135.07
99.04
137.22
Dividend per Share
41.97
49.97
52.26
64.01
67.99
72.48
76.23
76.98
70.99
74.99
103.47
98.46
100.5
96.97
Book Value per Share
512.4
550.85
639.65
688.79
735.98
770.5
802.15
812.71
835.16
898.69
927.34
883.37
933.18
968.11
Tangible Book Value per Share
172.37
197.57
211.6
140.18
131.67
52.74
84.59
92.02
145.95
260.39
308.49
126.16
224.35
396.14
Basic Weighted Avg Shares
3,635
3,635
3,591
3,582
3,582
3,583
3,554
3,548
3,549
3,549
3,550
3,551
3,551
3,551
Sales/Revenue/Turnover
2,399,841
2,019,745
2,252,884
2,143,287
2,139,653
2,215,962
2,175,626
2,092,561
2,324,838
2,657,832
2,841,077
3,056,709
3,467,675
3,018,157
Operating Margin (%)
26.94
22.02
24.81
27.38
25.93
25.32
22.86
22.22
21.29
24.29
23.37
9.86
24.62
22.62
Depreciation Expense
132,921
122,171
139,057
140,794
145,407
158,671
183,852
179,654
187,057
199,651
177,409
179,837
195,899
181,445
Net Income, GAAP
427,987
362,919
485,691
421,695
392,409
385,676
348,190
310,254
338,490
442,716
482,289
179,240
510,175
500,451
Effective Tax Rate (%)
31.58
26.43
28.74
26.37
26.33
27.1
22.27
25.72
27.99
25.15
21.93
22.47
32.27
22.14
Profit Margin (%)
17.83
17.97
21.56
19.68
18.34
17.4
16
14.83
14.56
16.66
16.98
5.86
14.71
16.58
Working Capital
233,879
336,776
532,297
249,416
229,144
379,221
423,916
680,126
820,963
1,160,927
1,332,285
1,428,965
1,783,845
1,727,151
LT Debt
166,165
101,001
215,938
339,036
346,955
727,314
690,367
817,412
775,721
821,003
908,926
1,548,120
1,599,061
1,075,931
Total Equity
2,596,091
2,622,503
2,521,525
2,528,041
2,842,027
2,700,445
2,743,612
2,599,494
2,886,081
3,616,761
3,912,492
3,848,727
4,115,389
4,525,292
Return on Invested Capital (%)
16.61
11.05
13.83
14.39
12.09
11.08
10.26
9.35
9.58
11.44
10.69
4.37
10.12
9.83
Return on Capital (%)
20.28
15.85
20.04
15.21
12.47
11.35
9.6
9.05
9.38
12.45
12.67
6.32
12.83
12.66
Return on Common Equity (%)
24.94
18.78
22.59
17.7
15.38
14.29
12.41
10.82
11.58
14.39
14.88
5.58
15.82
14.91

Capital Structure

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
233,333
80,321
76,545
LT Borrowings
908,926
939,268
1,075,931
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,775
1,775
1,776
Market Capitalization
6,447,111
7,135,415
7,739,270

Working Capital

FRC

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
3,259,561
2,984,811
3,461,403
Cash, Cash Equivalents & STI
1,098,839
817,407
1,112,324
Accounts Receivable, Net
535,302
571,262
657,917
Inventories
832,611
875,469
941,571
Total Current Liabilities
1,927,276
1,629,808
1,734,252
Payables & Accruals
- -
- -
- -
ST Debt
233,333
80,321
76,545
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
5.39%
9.96%
6.93%
Free Cash Flow
2.24%
-0.98%
-26.68%
Net Income, GAAP
12.82%
34.12%
184.63%
Sales/Revenue/Turnover
4.62%
10.67%
13.44%
Total Cash Common Dividend
7.33%
6.63%
2.06%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
740,333
829,559
- -
- -
3,056,709
2025
- -
- -
- -
- -
3,467,675
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
44.29
- -
- -
- -
50.47
2025
- -
- -
- -
- -
143.68
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
48.64
- -
- -
- -
98.46
2025
- -
- -
- -
- -
100.5
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Takehiko Tsutsui
Full Time Employees
53,593
Sector
Consumer Defensive
Industry
Tobacco
Address
1-1, Toranomon 4-chome Tokyo Japan 105-6927
IPO Date
Oct 3, 2014
Website
jt.com
Business
Japan Tobacco Inc. (JAPAY) manufactures and sells tobacco products; develops and markets pharmaceuticals; and produces processed foods including frozen noodles, packed rice, okonomiyaki, bakery items, and seasonings such as yeast extracts and oyster sauces. In its tobacco business, the company's core segment, it offers cigarettes under global flagship brands Winston, Camel, Mevius, and LD; heated tobacco products including Ploom X and Ploom X ADVANCED; E-vapor and T-vapor products; fine cut tobacco; cigars; pipe tobacco; smokeless tobacco; hookah; kretek; and reduced-risk products like infused tobacco capsules and heated tobacco sticks, sold in over 130 markets worldwide with significant operations in Japan, Europe, Asia, and the United States. Its pharmaceutical operations focus on prescription drugs for cardiovascular, kidney, metabolism, immunity/inflammation, and central nervous system therapeutic areas, while the processed food business targets domestic Japanese and select Asian markets. Founded in 1985 and headquartered in Tokyo, Japan, the company employs approximately 53,600 people across nearly 40 tobacco factories and 25 processed food facilities globally. In 2024, Japan Tobacco agreed to acquire Vector Group Ltd., the fourth-largest U.S. tobacco company, for about $2.4 billion to expand its combustibles presence and market share from 2.3% to 8% in the profitable U.S. market; in 2025, it completed the transfer of its pharmaceutical business and shares in subsidiary Torii Pharmaceutical Co., Ltd. to Shionogi & Co., Ltd., streamlining its portfolio to emphasize tobacco and processed foods; it also launched Ploom X ADVANCED and With2 heated tobacco products in Japan and relocated its head office to Kamiyacho Trust Tower in Tokyo.

Company News

APIChat
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