
Sector: Tobacco
JP_2914
Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.
Shares: connector/market_inputs
Monetary columns are in B JPY, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.
| Date | Period | Status | RevenueB JPY | Operating profitB JPY | D&AB JPY | EBITDAB JPY | Net profitB JPY | Operating CFB JPY | Capex + M&AB JPY | AssetsB JPY | EquityB JPY | ROE (annualized) | Net debtB JPY | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-09-30 | Q3 2026 (3M) | OK | 1005.3 y/y 11.8% | 300.0 y/y 7.3% | 45.5 y/y -6.8% | 345.5 y/y 5.2% | 187.1 y/y -2.5% | 399.9 | -40.0 | 8437.5 y/y 3.0% | 4120.9 y/y -0.5% | 17.6% | 786.1 | Yahoo Finance |
| 2026-06-30 | Q2 2026 (3M) | OK | 1062.1 y/y 17.0% | 337.1 y/y 48.7% | 45.9 y/y -5.4% | 383.0 y/y 39.1% | 234.8 y/y 44.6% | 291.7 | -33.3 | 8670.0 y/y 4.9% | 4394.0 y/y 8.2% | 22.2% | 848.9 | Yahoo Finance |
| 2026-03-31 | Q1 2026 (3M) | OK | 924.0 y/y — | 302.4 y/y — | 44.4 y/y — | 346.8 y/y — | 197.0 y/y — | 39.6 | -27.1 | 8351.2 y/y — | 4085.4 y/y — | 19.3% | 1083.0 | Yahoo Finance |
| 2025-12-31 | Q4 2025 (3M) | OK | 833.6 y/y — | 101.0 y/y — | 49.6 y/y — | 150.6 y/y — | -1.6 y/y — | 227.1 | -55.7 | 8419.2 y/y 0.6% | 4086.9 y/y 8.5% | 12.4% | 847.6 | Yahoo Finance |
| 2025-09-30 | Q3 2025 (3M) | OK | 899.5 y/y — | 279.5 y/y — | 48.8 y/y — | 328.4 y/y — | 191.8 y/y — | 119.5 | -45.3 | 8195.0 y/y — | 4142.5 y/y — | 18.7% | 884.6 | Yahoo Finance |
| 2025-06-30 | Q2 2025 (3M) | OK | 907.6 y/y — | 226.7 y/y — | 48.6 y/y — | 275.3 y/y — | 162.4 y/y — | 174.0 | -30.6 | 8262.8 y/y — | 4059.6 y/y — | 16.6% | 761.2 | Yahoo Finance |
| 2024-12-31 | FY 2024 (12M) | OK | 3056.7 y/y 7.6% | 301.3 y/y -54.6% | 179.8 y/y 1.4% | 481.2 y/y -42.8% | 179.2 y/y -62.8% | 630.0 | -150.4 | 8370.7 y/y 14.9% | 3766.6 y/y -1.7% | 4.7% | 642.2 | Yahoo Finance |
| 2023-12-31 | FY 2023 (12M) | OK | 2841.1 y/y — | 664.1 y/y — | 177.4 y/y — | 841.5 y/y — | 482.3 y/y — | 566.3 | -116.6 | 7282.1 y/y — | 3830.2 y/y — | — | 102.1 | Yahoo Finance |
Quarterly values (JPY mln)
Year-over-year change
Operating and investing cash flow (OCF + ICF) (JPY mln)
Net debt / cash (JPY mln)
| year | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| cash flow / profit | 1.09x | 1.17x | 3.52x | 1.01x |
| accruals, % of assets | -0.6% | -1.1% | -5.4% | -0.1% |
Our earnings breakdowns and investment notes on this issuer.
Value the company creates per year, as a % of market cap
Value created per year: +6.5%
| 1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-09-30 vs 2025-09-30) = (345 498 − 328 371) × 3.55 | 60 773 |
| 2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (10 553 154 + 786 135) ÷ 1 225 960 | 9.2x |
| 3. Target multiple (Current EV/EBITDA + 10) ÷ 2 = (9.2 + 10) ÷ 2 | 9.6x |
| 4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 98 470 + 0 + 0 − 0 | 98 470 |
| 5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (60 773 × 9.6 + 98 470) ÷ 10 553 154 | +6.5% |
Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.
Caveats:
| Date | Per share | Details | Status | Source |
|---|---|---|---|---|
| 2026-06-29 | 136 JPY | Ex-dividend: 136 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2025-12-29 | 130 JPY | Ex-dividend: 130 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2025-06-27 | 104 JPY | Ex-dividend: 104 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2024-12-27 | 97 JPY | Ex-dividend: 97 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2024-06-27 | 97 JPY | Ex-dividend: 97 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2023-12-28 | 100 JPY | Ex-dividend: 100 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2023-06-29 | 94 JPY | Ex-dividend: 94 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2022-12-29 | 113 JPY | Ex-dividend: 113 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2022-06-29 | 75 JPY | Ex-dividend: 75 JPY per share | Paid | Yahoo Finance (ex-div) |
| 2021-12-29 | 75 JPY | Ex-dividend: 75 JPY per share | Paid | Yahoo Finance (ex-div) |
KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).
Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)
Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Japan Tobacco (2914) — from primary filings.
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