Japan Tobacco Inc.

Japan Tobacco Inc.

42.07
EUR
0.00
(0.00%)
58.23BMarket Cap
Oct 29Next Earn
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
1,320.4
1,111.22
1,254.91
1,196.78
1,194.67
1,237.07
1,224.48
1,179.49
1,310.2
1,497.58
1,600.48
1,721.6
1,953.19
- -
Basic EPS, GAAP
235.48
199.67
270.54
235.47
219.1
215.31
195.97
174.88
190.76
249.45
271.69
100.95
287.36
- -
Free Cash Flow per Basic Share
135.34
236.19
189.02
148.28
155.82
168.92
229.09
231.78
279.52
216.59
253.36
270.14
198.08
- -
Dividend per Share
83.94
99.93
104.52
128.02
135.99
144.96
152.45
153.95
141.98
149.98
206.93
196.93
201
- -
Book Value per Share
1,378.57
1,395.74
1,369.06
1,371.39
1,541.94
1,468.44
1,501.12
1,421.92
1,583.1
1,994.78
2,157.46
2,121.33
2,301.99
2,474.97
Tangible Book Value per Share
294.95
348.02
385.23
240.17
218.48
66.48
123.84
140.81
248.6
477.75
570.55
206.08
432.68
575.69
Basic Weighted Avg Shares
1,818
1,818
1,795
1,791
1,791
1,791
1,777
1,774
1,774
1,775
1,775
1,776
1,775
1,775
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
- -
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
- -
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
- -
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
- -
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
- -
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
- -
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
1,968,280
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
1,559,685
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
4,423,050
Return on Invested Capital (%)
16.65
12.23
13.98
14.55
12.22
11.15
10.36
9.43
9.66
11.58
10.83
4.56
10.28
- -
Return on Capital (%)
16.83
12.62
17.57
14.84
12.25
11.36
10.01
9.73
10.04
12.16
11.5
5.63
11.25
- -
Return on Common Equity (%)
19.85
14.39
19.47
17.19
15.04
14.3
13.16
11.97
12.7
13.94
13.09
4.72
12.99
- -

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
76,545
- -
117,087
LT Borrowings
1,075,931
- -
1,559,685
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,776
1,775
1,775
Market Capitalization
7,746,009
10,667,636
10,815,215

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
3,461,403
- -
3,853,117
Cash, Cash Equivalents & STI
1,112,324
- -
1,033,344
Accounts Receivable, Net
657,917
- -
753,747
Inventories
941,571
- -
1,118,751
Total Current Liabilities
1,734,252
- -
1,884,837
Payables & Accruals
- -
- -
- -
ST Debt
76,545
- -
117,087
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

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

JPY

•

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

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
88.58
83.3
- -
- -
100.95
2025
- -
- -
- -
- -
287.36
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
97.29
2.67
- -
- -
196.93
2025
- -
- -
- -
- -
201
2026
- -
- -
- -
- -
- -

Company Description

CEO
Takehiko Tsutsui
Full Time Employees
52,867
Sector
Consumer non-durables
Industry
Tobacco
Address
1-1, Toranomon 4-chome Tokyo TY Japan 105-6927
IPO Date
Oct 27, 1994
Website
jti.co.jp
Business
Japan Tobacco Inc. Japan Tobacco Inc. (2914.T) is a multinational tobacco company headquartered in Tokyo, Japan, and founded in 1985 through the privatization of the Japan Tobacco and Salt Public Corporation. The company operates primarily in the tobacco segment, manufacturing and marketing cigarettes and other combustibles such as Winston, Camel, MEVIUS, LD, Seven Stars, and Natural American Spirit; reduced-risk products including heated tobacco under Ploom, e-vapor under Logic, nicotine pouches under Nordic Spirit, and infused tobacco under WITH; as well as fine-cut tobacco, snus, pipe tobacco, cigars, and roll-your-own products, with sales in over 130 markets worldwide including significant presence in Japan, Europe, Asia, and the United States. Its processed food business provides frozen and ambient foods like noodles, okonomiyaki, packaged cooked rice; seasonings including yeast extracts; and bakery products, primarily targeting the Japanese market. Geographically, Japan Tobacco maintains approximately 54,000-62,000 employees across 61 factories globally, with Japan Tobacco International headquartered in Geneva, Switzerland, overseeing international operations. In recent developments, the company completed its acquisition of Vector Group Ltd. in October 2024 for approximately USD 2.4 billion, significantly expanding its U.S. market share from 2.3% to about 8.0% and adding top cigarette brands to bolster combustibles profitability and fund reduced-risk product investments. Japan Tobacco announced in May 2025 an agreement to transfer its pharmaceutical business—focused on cardiovascular, renal, metabolism, immunology, and neuroscience drugs, including operations via subsidiary Torii Pharmaceutical—to Shionogi & Co., Ltd. through an absorption-type split effective December 2025 for JPY 5,397 million plus adjustments, enabling full exit from the sector previously established in 1987; this follows ongoing portfolio streamlining, with the business recording JPY 44,942 million in net sales for fiscal 2024.

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