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Japan Tobacco Inc.

2914.T

JPXConsumer DefensiveTobacco

Latest quote

¥6,890

−¥90.00 · -1.29%

Aug 24, 3:30 PM JST

2914.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Japan Tobacco Inc., a tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally. It operates through two segments: Tobacco Business and Processed Food Business. It offers tobacco products, such as cigarettes, fine cut tobacco products, cigars, pipes, and hookah products. The company provides reduced-risk products, including heated tobacco, infused tobacco, e-vapor, traditional oral, and modern oral. Further, the company provides frozen and room-temperature products comprising frozen udon noodles, packed rice, and frozen okonomiyaki; and seasonings, including yeast extracts, assembled, kelp and seaweed, and oyster sauces. It offers its products under the Winston, Camel, Möbius, and LD brands. Japan Tobacco Inc. was founded in 1898 and is headquartered in Tokyo, Japan.

Industry
Tobacco
Sector
Consumer Defensive
Headquarters
JP
CEO
Takehiko Tsutsui
Listed since
Oct 27, 1994
Employees
52,867

Market position

Day range

Current ¥6,890

52-week range

Current ¥6,890

Open
¥6,941
Previous close
¥6,980
Volume
2.77M
0.61× average
Average volume
4.51M
Average daily volume
Market cap
12.23T JPY
Beta
0.13
Market reference 1
50-day average
¥6,441.04
+6.97% above average
200-day average
¥6,010.6
+14.63% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
10.86T JPY
EV / EBITDA
9.6×
Earnings yield
5.09%
Free cash flow yield
3.70%

Profitability & efficiency

Return on equity
12.48%
Return on assets
6.06%
Return on invested capital
7.94%

Financial health

Current ratio
1.93×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends61%41%21%1%Gross margin, FY2021: 54.15%Gross margin, FY2022: 54.65%Gross margin, FY2023: 53.16%Gross margin, FY2024: 51.99%Gross margin, FY2025: 56.19%Operating margin, FY2021: 23.26%Operating margin, FY2022: 24.89%Operating margin, FY2023: 23.08%Operating margin, FY2024: 9.66%Operating margin, FY2025: 22.22%Net margin, FY2021: 14.56%Net margin, FY2022: 16.66%Net margin, FY2023: 16.98%Net margin, FY2024: 5.69%Net margin, FY2025: 14.71%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 54.15%. Gross margin FY2022 54.65%. Gross margin FY2023 53.16%. Gross margin FY2024 51.99%. Gross margin FY2025 56.19%. Operating margin FY2021 23.26%. Operating margin FY2022 24.89%. Operating margin FY2023 23.08%. Operating margin FY2024 9.66%. Operating margin FY2025 22.22%. Net margin FY2021 14.56%. Net margin FY2022 16.66%. Net margin FY2023 16.98%. Net margin FY2024 5.69%. Net margin FY2025 14.71%.

Income trends

Revenue

3.47T JPY+10.09%

Operating income

770.42B JPY+153.14%

Net income

510.18B JPY+184.63%
Income trends across reported periods3.8T JPY2.48T JPY1.17T JPY−149.6B JPYRevenue, FY2021: 2.32T JPYRevenue, FY2022: 2.66T JPYRevenue, FY2023: 2.84T JPYRevenue, FY2024: 3.15T JPYRevenue, FY2025: 3.47T JPYOperating income, FY2021: 540.73B JPYOperating income, FY2022: 661.58B JPYOperating income, FY2023: 655.73B JPYOperating income, FY2024: 304.35B JPYOperating income, FY2025: 770.42B JPYNet income, FY2021: 338.49B JPYNet income, FY2022: 442.72B JPYNet income, FY2023: 482.29B JPYNet income, FY2024: 179.24B JPYNet income, FY2025: 510.18B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.32T JPY. Revenue FY2022 2.66T JPY. Revenue FY2023 2.84T JPY. Revenue FY2024 3.15T JPY. Revenue FY2025 3.47T JPY. Operating income FY2021 540.73B JPY. Operating income FY2022 661.58B JPY. Operating income FY2023 655.73B JPY. Operating income FY2024 304.35B JPY. Operating income FY2025 770.42B JPY. Net income FY2021 338.49B JPY. Net income FY2022 442.72B JPY. Net income FY2023 482.29B JPY. Net income FY2024 179.24B JPY. Net income FY2025 510.18B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue3.47T JPY3.15T JPY2.84T JPY2.66T JPY2.32T JPY
Cost of goods sold1.52T JPY1.51T JPY1.33T JPY1.21T JPY1.07T JPY
Gross profit1.95T JPY1.64T JPY1.51T JPY1.45T JPY1.26T JPY
Research and development78.61B JPY75.1B JPY70.81B JPY65.02B JPY
Selling, general, and administrative1.18T JPY1.25T JPY779.39B JPY720.19B JPY653.27B JPY
Operating expenses1.18T JPY1.33T JPY854.49B JPY791B JPY718.28B JPY
Interest income67.94B JPY64.94B JPY41.98B JPY25.02B JPY12.44B JPY
Interest expense195.19B JPY53.54B JPY31.65B JPY36.35B JPY27.74B JPY
Depreciation and amortization195.9B JPY179.75B JPY179.57B JPY199.37B JPY187B JPY
Operating income770.42B JPY304.35B JPY655.73B JPY661.58B JPY540.73B JPY
Net income510.18B JPY179.24B JPY482.29B JPY442.72B JPY338.49B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest fiscal-year EPS
287.33
FY2025 · +184.65% year over year
Latest fiscal-year revenue
3.47T JPY
FY2025 · +10.09% year over year
Next fiscal-year EPS consensus
360.42
FY2026 · 13 analysts
Next fiscal-year revenue consensus
3.87T JPY
FY2026 · 13 analysts

Annual EPS trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual EPS trend569.68399.23228.7858.33FY21FY22FY23FY24FY25FY26FY27FY28

Annual revenue trend

Reported history and fiscal-year consensus

ReportedConsensus forecast
Annual revenue trend4.67T3.82T2.97T2.11TFY21FY22FY23FY24FY25FY26FY27FY28

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