JAPAF

Japan Tobacco Inc.

OTC Markets OTCPKUSDEQUITY DELAYED

43.92

▲ 2.28 (5.48%)

MARKET · —

Price

Open

43.92

Prev close

41.64

Day high

38.65

Day low

38.40

Volume

300

Market cap

—

P/E (TTM)

—

52W range

29.74 – 47.01

Options chain

Account required

ExpirySpot 43.92

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%

Free account required

Every listed expiry, both sides of the book, with volume, open interest and implied volatility.

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Trailing performance

Price return · vs SPY

Returnvs SPY

+3.83% +5.2%

+19.93% +16.2%

+5.93% +2.8%

+14.08% +3.0%

YTD

+21.26% +9.0%

+37.77% +17.8%

+111.15% +37.0%

— —

Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.

Fundamentals

TTM · reported

Market cap—

Enterprise value—

Revenue (TTM)—

Gross profit—

EBITDA—

Net income—

EPS (TTM)—

Free cash flow—

Total cash—

Total debt—

Book value / share—

Shares outstanding—

Float—

Short % of float—

Dividend yield—

Beta (5Y)—

Valuation & profitability ratios

Account required

Trailing P/E—

Forward P/E—

PEG ratio—

Price / sales—

Price / book—

EV / revenue—

EV / EBITDA—

Gross margin—

Operating margin—

Profit margin—

Return on equity—

Return on assets—

Debt / equity—

Current ratio—

Free account required

Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.

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Financial statements

As reported · 4 years · 3 quarters

Blank means not reported, not zero

Line item	2025	2024	2023	2022	YoY
Total revenue	$3.47T	$3.06T	$2.84T	$2.66T	+13.4%
Operating revenue	$3.47T	$3.06T	$2.84T	$2.66T	+13.4%
Cost of revenue	—	$1.38T	—	—	—
Gross profit	$1.95T	$1.68T	$1.62T	$1.57T	+16.2%
Selling, general & admin	$1.18T	$1.41T	$981.05B	$941.54B	-16.3%
Total operating expense	$1.09T	$1.38T	$951.02B	$921.28B	-20.4%
Operating income	$853.71B	$301.34B	$664.08B	$645.57B	+183.3%
Net interest income	-$127.25B	-$89.89B	-$50.81B	-$60.13B	-41.6%
Pre-tax income	$739.79B	$224.33B	$621.60B	$593.45B	+229.8%
Tax provision	$238.71B	$50.41B	$136.29B	$149.28B	+373.6%
Net income	$510.18B	$179.24B	$482.29B	$442.72B	+184.6%
Net income to common	$510.18B	$179.24B	$482.29B	$442.72B	+184.6%
Basic EPS	287.36	100.95	271.69	249.45	+184.7%
Diluted EPS	287.33	100.94	271.63	249.36	+184.7%
EBIT	$934.98B	$383.23B	$716.82B	$684.72B	+144.0%
EBITDA	$1.13T	$563.07B	$894.23B	$884.37B	+100.8%
Basic shares	1.78B	1.78B	1.78B	1.77B	-0.0%
Diluted shares	1.78B	1.78B	1.78B	1.78B	-0.0%

Line item

2025

2024

2023

2022

YoY

Total revenue

$3.47T

$3.06T

$2.84T

$2.66T

+13.4%

Operating revenue

$3.47T

$3.06T

$2.84T

$2.66T

+13.4%

Cost of revenue

—

$1.38T

—

Gross profit

$1.95T

$1.68T

$1.62T

$1.57T

+16.2%

Selling, general & admin

$1.18T

$1.41T

$981.05B

$941.54B

-16.3%

Total operating expense

$1.09T

$1.38T

$951.02B

$921.28B

-20.4%

Operating income

$853.71B

$301.34B

$664.08B

$645.57B

+183.3%

Net interest income

-$127.25B

-$89.89B

-$50.81B

-$60.13B

-41.6%

Pre-tax income

$739.79B

$224.33B

$621.60B

$593.45B

+229.8%

Tax provision

$238.71B

$50.41B

$136.29B

$149.28B

+373.6%

Net income

$510.18B

$179.24B

$482.29B

$442.72B

+184.6%

Net income to common

$510.18B

$179.24B

$482.29B

$442.72B

+184.6%

Basic EPS

287.36

100.95

271.69

249.45

+184.7%

Diluted EPS

287.33

100.94

271.63

249.36

+184.7%

EBIT

$934.98B

$383.23B

$716.82B

$684.72B

+144.0%

EBITDA

$1.13T

$563.07B

$894.23B

$884.37B

+100.8%

Basic shares

1.78B

1.77B

-0.0%

Diluted shares

1.78B

-0.0%

Line item	2025	2024	2023	2022	YoY
Cash & equivalents	$831.13B	$1.08T	$1.04T	$866.88B	-23.4%
Cash & short-term investments	$1.03T	$1.20T	$1.10T	$904.56B	-14.8%
Accounts receivable	$640.68B	$568.98B	$535.30B	$477.24B	+12.6%
Inventory	$1.06T	$957.28B	$832.61B	$691.91B	+10.7%
Total current assets	$3.71T	$3.58T	$3.26T	$2.72T	+3.7%
Property, plant & equipment	$979.80B	$907.70B	$821.50B	$775.96B	+7.9%
Goodwill & intangibles	$3.32T	$3.40T	$2.82T	$2.69T	-2.4%
Total assets	$8.42T	$8.37T	$7.28T	$6.55T	+0.6%
Total current liabilities	$1.93T	$2.15T	$1.93T	$1.56T	-10.3%
Current debt	$79.63B	$178.67B	$233.33B	$137.31B	-55.4%
Long-term debt	$1.60T	$1.55T	$908.93B	$821.00B	+3.3%
Total debt	$1.68T	$1.73T	$1.14T	$958.31B	-2.8%
Total liabilities	$4.30T	$4.52T	$3.37T	$2.93T	-4.8%
Retained earnings	$3.21T	$3.04T	$3.19T	$3.09T	+5.8%
Shareholder equity	$4.09T	$3.77T	$3.83T	$3.54T	+8.5%
Working capital	$1.78T	$1.43T	$1.33T	$1.16T	+24.8%
Net tangible assets	$768.18B	$365.91B	$1.01T	$847.93B	+109.9%
Shares issued	2.00B	2.00B	2.00B	2.00B	0.0%

Line item

2025

2024

2023

2022

YoY

Cash & equivalents

$831.13B

$1.08T

$1.04T

$866.88B

-23.4%

Cash & short-term investments

$1.03T

$1.20T

$1.10T

$904.56B

-14.8%

Accounts receivable

$640.68B

$568.98B

$535.30B

$477.24B

+12.6%

Inventory

$1.06T

$957.28B

$832.61B

$691.91B

+10.7%

Total current assets

$3.71T

$3.58T

$3.26T

$2.72T

+3.7%

Property, plant & equipment

$979.80B

$907.70B

$821.50B

$775.96B

+7.9%

Goodwill & intangibles

$3.32T

$3.40T

$2.82T

$2.69T

-2.4%

Total assets

$8.42T

$8.37T

$7.28T

$6.55T

+0.6%

Total current liabilities

$1.93T

$2.15T

$1.93T

$1.56T

-10.3%

Current debt

$79.63B

$178.67B

$233.33B

$137.31B

-55.4%

Long-term debt

$1.60T

$1.55T

$908.93B

$821.00B

+3.3%

Total debt

$1.68T

$1.73T

$1.14T

$958.31B

-2.8%

Total liabilities

$4.30T

$4.52T

$3.37T

$2.93T

-4.8%

Retained earnings

$3.21T

$3.04T

$3.19T

$3.09T

+5.8%

Shareholder equity

$4.09T

$3.77T

$3.83T

$3.54T

+8.5%

Working capital

$1.78T

$1.43T

$1.33T

$1.16T

+24.8%

Net tangible assets

$768.18B

$365.91B

$1.01T

$847.93B

+109.9%

Shares issued

2.00B

0.0%

Line item	2025	2024	2023	2022	YoY
Net income	$734.82B	$233.77B	$621.60B	$593.45B	+214.3%
Depreciation & amortisation	$195.90B	$179.84B	$177.41B	$199.65B	+8.9%
Change in working capital	-$431.47B	$300.38B	-$115.90B	-$103.04B	-243.6%
Operating cash flow	$514.06B	$630.01B	$566.32B	$483.80B	-18.4%
Capital expenditure	-$162.39B	-$150.37B	-$116.57B	-$99.41B	-8.0%
Investing cash flow	-$264.99B	-$439.77B	-$125.43B	-$101.82B	+39.7%
Share buybacks	-$1.62B	-$2.00M	-$1.00M	-$1.00M	-81,000.0%
Dividends paid	-$356.85B	-$349.64B	-$367.33B	-$266.18B	-2.1%
Financing cash flow	-$475.47B	-$94.91B	-$270.50B	-$306.18B	-401.0%
Free cash flow	$351.67B	$479.64B	$449.75B	$384.39B	-26.7%
End cash position	$831.13B	$1.08T	$1.04T	$866.88B	-23.4%

Line item

2025

2024

2023

2022

YoY

Net income

$734.82B

$233.77B

$621.60B

$593.45B

+214.3%

Depreciation & amortisation

$195.90B

$179.84B

$177.41B

$199.65B

+8.9%

Change in working capital

-$431.47B

$300.38B

-$115.90B

-$103.04B

-243.6%

Operating cash flow

$514.06B

$630.01B

$566.32B

$483.80B

-18.4%

Capital expenditure

-$162.39B

-$150.37B

-$116.57B

-$99.41B

-8.0%

Investing cash flow

-$264.99B

-$439.77B

-$125.43B

-$101.82B

+39.7%

Share buybacks

-$1.62B

-$2.00M

-$1.00M

-81,000.0%

Dividends paid

-$356.85B

-$349.64B

-$367.33B

-$266.18B

-2.1%

Financing cash flow

-$475.47B

-$94.91B

-$270.50B

-$306.18B

-401.0%

Free cash flow

$351.67B

$479.64B

$449.75B

$384.39B

-26.7%

End cash position

$831.13B

$1.08T

$1.04T

$866.88B

-23.4%

Line item	2026-03-31	2025-03-31	YoY
Basic EPS	110.99	—	—
Diluted EPS	110.97	—	—
Basic shares	1.78B	1.78B	-0.0%
Diluted shares	1.78B	—	—

Line item	2026-06-30	2025-12-31	2025-06-30	YoY
Cash & equivalents	$827.91B	$831.13B	—	-0.4%
Cash & short-term investments	$1.03T	$1.03T	—	+0.6%
Accounts receivable	$753.75B	$640.68B	—	+17.6%
Inventory	$1.12T	$1.06T	$962.63B	+5.5%
Total current assets	$3.85T	$3.71T	$3.44T	+3.8%
Property, plant & equipment	$994.98B	$979.80B	—	+1.5%
Goodwill & intangibles	$3.37T	$3.32T	—	+1.6%
Total assets	$8.67T	$8.42T	$8.26T	+3.0%
Total current liabilities	$1.88T	$1.93T	$1.87T	-2.2%
Current debt	$117.09B	$79.63B	$186.48B	+47.0%
Long-term debt	$1.56T	$1.60T	$1.44T	-2.5%
Total debt	$1.68T	$1.68T	—	-0.1%
Total liabilities	$4.25T	$4.30T	$4.12T	-1.3%
Retained earnings	$3.41T	$3.21T	$3.18T	+6.2%
Shareholder equity	$4.39T	$4.09T	—	+7.5%
Working capital	$1.97T	$1.78T	—	+10.3%
Net tangible assets	$1.02T	$768.18B	—	+33.0%
Shares issued	2.00B	2.00B	—	0.0%

Line item

2026-06-30

2025-12-31

2025-06-30

YoY

Cash & equivalents

$827.91B

$831.13B

—

-0.4%

Cash & short-term investments

$1.03T

—

+0.6%

Accounts receivable

$753.75B

$640.68B

—

+17.6%

Inventory

$1.12T

$1.06T

$962.63B

+5.5%

Total current assets

$3.85T

$3.71T

$3.44T

+3.8%

Property, plant & equipment

$994.98B

$979.80B

—

+1.5%

Goodwill & intangibles

$3.37T

$3.32T

—

+1.6%

Total assets

$8.67T

$8.42T

$8.26T

+3.0%

Total current liabilities

$1.88T

$1.93T

$1.87T

-2.2%

Current debt

$117.09B

$79.63B

$186.48B

+47.0%

Long-term debt

$1.56T

$1.60T

$1.44T

-2.5%

Total debt

$1.68T

—

-0.1%

Total liabilities

$4.25T

$4.30T

$4.12T

-1.3%

Retained earnings

$3.41T

$3.21T

$3.18T

+6.2%

Shareholder equity

$4.39T

$4.09T

—

+7.5%

Working capital

$1.97T

$1.78T

—

+10.3%

Net tangible assets

$1.02T

$768.18B

—

+33.0%

Shares issued

2.00B

—

0.0%

Analyst targets & ownership

Account required

Mean target—

High target—

Low target—

Implied upside—

Analyst count—

Consensus—

Strong buy / Buy— / —

Hold—

Sell / Strong sell— / —

Held by insiders—

Held by institutions—

Institutions holding—

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Price targets, consensus spread, insider and institutional ownership.

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Moving averages & technicals

Computed from 2Y daily closes

SMA 10

44.03

-0.24% from price

SMA 20

42.68

+2.91% from price

SMA 50

39.68

+10.69% from price

SMA 100

39.23

+11.96% from price

SMA 200

38.14

+15.17% from price

EMA 12

42.88

+2.42% from price

EMA 26

41.87

+4.91% from price

EMA 50

40.64

+8.07% from price

RSI (14)

56.4

Neutral

MACD (12,26,9)

1.02

Hist -0.35

ATR (14)

0.94

2.15% of price

Realised vol 30D

85.9%

Annualised

Bollinger upper

48.83

20, 2σ

Bollinger lower

36.52

20, 2σ

50 / 200 cross

Golden

39.68 vs 38.14

Trend bias

Above 200

+15.17%

Risk profile

Daily returns · 1Y window

Beta vs SPY

0.61

Less volatile than market

Correlation to SPY

0.12

Largely independent

Realised vol 30D

85.9%

Annualised

Market vol 1Y

12.9%

SPY, annualised

Max drawdown 1Y

-17.8%

Peak to trough

Max drawdown 5Y

-26.0%

Peak to trough

ATR 14

0.94

2.15% of price

Beta (reported)

—

5Y monthly, from filing

Headlines

JAPAF · links out to the publisher

Altria Group (MO): A Winner in President Trump’s Stock Portfolio? Insider Monkey · 25d ago Scandinavian Tobacco Group A/S signs agreement to divest two fine-cut tobacco brands GlobeNewswire · 31d ago Is Bunzl (BZLFY) Outperforming Other Consumer Staples Stocks This Year? Zacks · 31d ago Altria vs. Turning Point Brands: Which Tobacco Stock Is a Better Buy in 2026? Motley Fool · 44d ago JAPAN TOB (JAPAY) Upgraded to Buy: Here's What You Should Know Zacks · 50d ago

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