Japan Tobacco revenue and financials

2914 · TSE · JPY

¥6,990.00Change from previous close: +0.78%Absolute change: +¥54.00

Close · October 7, 2026

In the fiscal year ended December 2025, Japan Tobacco reported revenue of ¥3.47T (+10.09% year over year). Net income was ¥510.18B, a net margin of 14.7%.

Annual revenue · 2025: ¥3.47T
  1. ¥2.32T2021
  2. ¥2.66T2022
  3. ¥2.84T2023
  4. ¥3.15T2024
  5. ¥3.47T2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth
+10.09%
2025 vs 2024
Net income growth
+184.63%
2025 vs 2024
Net margin
14.7%
2024: 5.7%

Financial data

Amounts in millions of JPY; per-share values in JPY; shares in millions.

Balance sheet · Annual
Item20252024202320222021
Total assets8,419,2408,370,7327,282,0976,548,0785,774,209
Current assets3,711,0973,577,5723,259,5612,723,5912,321,289
Cash and equivalents831,1351,084,5671,040,206866,885721,731
Short-term investments195,816120,21158,63337,677—
Receivables640,681568,982557,104499,139475,615
Inventory1,060,136957,281832,611691,906563,182
Net property, plant and equipment979,800907,700821,499775,957755,843
Goodwill2,923,0962,914,2542,616,4402,446,0632,060,965
Other intangible assets395,658486,463206,982246,442307,152
Long-term investments251,059301,152288,236264,596208,541
Current liabilities1,927,0752,148,6071,927,2761,562,6351,500,326
Accounts payable711,721659,510592,802540,089555,777
Long-term debt1,599,0611,548,121908,926821,003775,721
Total debt1,678,6881,726,7881,142,259958,311—
Total liabilities4,303,8514,522,0053,369,6052,931,3172,888,128
Total equity (incl. minority)4,115,3893,848,7273,912,4923,616,7612,886,081
Retained earnings3,213,5553,036,9053,192,3233,089,9092,863,843
Minority interest28,45682,10482,33676,32676,823