2914.T
Japan Tobacco Inc.
TokyoJPYEQUITY
Consumer Defensive
DELAYED
Last price
6,974.00
▲ 104.00 (1.51%)
MARKET · —
Price
Open
6,905.00
Prev close
6,870.00
Day high
6,980.00
Day low
6,893.00
Volume
2.54M
Market cap
$12.39T
P/E (TTM)
20.79
52W range
4,652.00 – 7,218.00
Trailing performance
Returnvs SPY
1W
-2.13%
-0.8%
1M
+8.08%
+4.4%
3M
+13.79%
+10.7%
6M
+16.53%
+5.5%
YTD
+23.76%
+11.5%
1Y
+47.29%
+27.3%
3Y
+128.18%
+54.0%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$12.39T
Enterprise value$13.27T
Revenue (TTM)$3.72T
Gross profit$2.11T
EBITDA$1.19T
Net income$609.96B
EPS (TTM)$335.74
Free cash flow$258.37B
Total cash$827.91B
Total debt$1.68T
Book value / share$2,474.86
Shares outstanding1.78B
Float1.10B
Short % of float—
Dividend yield3.90%
Beta (5Y)0.15
Valuation & profitability ratios
Trailing P/E20.79
Forward P/E23.18
PEG ratio1.19
Price / sales—
Price / book2.82
EV / revenue3.57
EV / EBITDA11.12
Gross margin56.86%
Operating margin31.74%
Profit margin16.73%
Return on equity14.30%
Return on assets7.41%
Debt / equity37.91
Current ratio2.04
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $3.47T | $530.25B | $2.84T | $542.18B |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | $510.18B | $404.85B | $184.79B | $442.72B |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | $510.18B | $404.85B | $184.79B | $442.72B |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 99.65 | 132.25 | +32.7% |
| Mar 2026 | 96.03 | 110.99 | +15.6% |
| Dec 2025 | 34.93 | -0.88 | -102.5% |
| Sep 2025 | 92.87 | 108.05 | +16.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 107.23 | 6 | $1.00T | +11.4% |
| Next quarter | 18.97 | 6 | $878.47B | +5.4% |
| Current year | 362.86 | 13 | $3.87T | +583.2% |
| Next year | 405.17 | 13 | $4.04T | +4.3% |
Analyst targets & ownership
Mean target$7,178.23
High target$8,400.00
Low target$6,100.00
Implied upside2.93%
Analyst count13
ConsensusBUY
Strong buy / Buy4 / 5
Hold4
Sell / Strong sell0 / 0
Held by insiders34.14%
Held by institutions19.28%
Institutions holding255
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
606.22M
Total on file
Moving averages & technicals
SMA 10
7,022.50
-0.69% from price
SMA 20
6,905.65
+1.08% from price
SMA 50
6,441.04
+8.37% from price
SMA 100
6,236.28
+11.83% from price
SMA 200
5,988.13
+16.56% from price
EMA 12
6,945.28
+0.41% from price
EMA 26
6,784.72
+2.79% from price
EMA 50
6,568.22
+6.18% from price
RSI (14)
59.1
Neutral
MACD (12,26,9)
160.57
Hist -33.38
ATR (14)
160.43
2.30% of price
Realised vol 30D
28.9%
Annualised
Bollinger upper
7,301.08
20, 2σ
Bollinger lower
6,510.22
20, 2σ
50 / 200 cross
Golden
6,441.04 vs 5,988.13
Trend bias
Above 200
+16.56%
Risk profile
Beta vs SPY
0.16
Less volatile than market
Correlation to SPY
0.09
Largely independent
Realised vol 30D
28.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-8.2%
Peak to trough
Max drawdown 5Y
-24.4%
Peak to trough
ATR 14
160.43
2.30% of price
Beta (reported)
0.15
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.