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.

Cash flow · Annual
Item20252024202320222021
Operating cash flow514,056630,011567,014483,799598,909
Depreciation and amortization195,899179,837179,652199,651187,057
Capital expenditure-143,204-127,769-94,861-81,411-86,350
Investing cash flow-264,986-439,766-126,129-101,822-97,499
Financing cash flow-475,471-94,906-270,500-306,176-353,138
Dividends paid-356,853-349,645-367,331-266,175-251,935
Share repurchases-1,622-2.0-1.0-1.0-1.0
Debt issued697,285678,996205,72770,69781,516
Debt repaid-786,791-395,365-83,103-100,459-160,353
Effect of exchange rates-27,015-50,9782,93569,35334,616
Net change in cash-253,43244,361173,320145,154182,887
Free cash flow370,852502,242472,153402,388512,559
Levered free cash flow168193,840349,801292,023413,031