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Japan Tobacco Inc. (2914.T)

JPY6,116.00 +15.00 (+0.25%)
JP JPX Consumer Defensive Tobacco
Address 1-1, Toranomon 4-chome 105-6927
Tokyo, JP
CEO Takehiko Tsutsui
Website jt.com
IPO 2000-01-04
ISIN JP3726800000

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Also trades on Other OTC · JAPAF (USD) Other OTC · JAPAY (USD) Tokyo Stock Exchange · 2914.T (JPY)
Description

Japan Tobacco Inc., a tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally. It operates through two segments: Tobacco Business and Processed Food Business. It offers tobacco products, such as cigarettes, fine cut tobacco products, cigars, pipes, and hookah products. The company provides reduced-risk products, including heated tobacco, infused tobacco, e-vapor, traditional oral, and modern oral. Further, the company provides frozen and room-temperature products comprising frozen udon noodles, packed rice, and frozen okonomiyaki; and seasonings, including yeast extracts, assembled, kelp and seaweed, and oyster sauces. It offers its products under the Winston, Camel, Möbius, and LD brands. Japan Tobacco Inc. was founded in 1898 and is headquartered in Tokyo, Japan.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
JPY6,116.00 +15.00 (+0.25%)
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Volume Profile
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Liquidity & share structure
Average Volume
4M
Beta
0.14
Float Shares
1.10B
Free Float %
61.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+5.89% +3.61% +2.28% +1.06% +10.25% +8.39% +35.57% +104.62% +184.47% +33.01% +717.80%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
6,116.00
DCF (Unlevered) 11,347.19 +85.5%
DCF (Levered) 11,857.95 +93.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 58% Bullish
Rating 2026-05 Change
Strong Buy 4 0
Buy 3 0
Hold 5 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
3.00
Safe zone
Piotroski F-Score
8 / 9
Strong
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Tobacco: +5.3%
    +10.1% Q1'26: +11.7% (vs Q1'25)
  • EPS growth Tobacco: +18.8%
    +184.7% Q1'26: +25.1% (vs Q1'25)
  • FCF margin FCF growth · Tobacco: +9.5%
    +2.7% Q1'26: +1.7% (vs Q1'25)
  • EBIT margin Tobacco: +20.5%
    +22.2% Q1'26: +32.2% (vs Q1'25)
  • ROIC Tobacco: +16.0%
    +10.5% Q1'26: +15.7% (vs Q1'25)
  • Share dilution Tobacco: +0.0%
    0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Tobacco: 0.25×
    1.74× Q1'26: 1.30× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.14) × ERP
WACC = 87% × Ke + 13% × Kd (11.6%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 11,433.16 Current price: 6,116.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
11 Rev. Ana.
10 EPS Ana.
Dec 2027
11 Rev. Ana.
11 EPS Ana.
Dec 2028
10 Rev. Ana.
10 EPS Ana.
Dec 2029
5 Rev. Ana.
4 EPS Ana.
Dec 2030
5 Rev. Ana.
4 EPS Ana.
Revenue
2.25T
est: 2.31T (-2.5%)
2.14T
est: 2.16T (-0.7%)
2.14T
est: 2.12T (+0.7%)
2.22T
est: 2.19T (+1.0%)
2.18T
est: 2.17T (+0.5%)
2.09T
est: 2.09T (+0.3%)
2.32T
est: 2.28T (+1.8%)
2.66T
est: 2.58T (+2.9%)
2.84T
est: 3.02T (-5.9%)
3.15T
est: 3.13T (+0.7%)
3.47T
est: 3.46T (+0.3%)
3.73T
3.58T – 3.94T
+7.8% YoY
3.90T
3.65T – 4.17T
+4.7% YoY
4.13T
4.11T – 4.14T
+5.8% YoY
4.26T
4.04T – 4.53T
+3.2% YoY
4.45T
4.22T – 4.73T
+4.5% YoY
EBITDA
700.83B
est: 620.25B (+13.0%)
720.93B
est: 579.46B (+24.4%)
695.86B
est: 570.48B (+22.0%)
709.95B
est: 589.30B (+20.5%)
678.00B
est: 581.36B (+16.6%)
622.71B
est: 560.37B (+11.1%)
687.13B
est: 613.33B (+12.0%)
829.17B
est: 693.19B (+19.6%)
832.83B
est: 798.92B (+4.2%)
454.17B
est: 828.11B (-45.2%)
966.32B
est: 914.77B (+5.6%)
986.58B
946.49B – 1.04T
+7.8% YoY
1.03T
966.95B – 1.10T
+4.7% YoY
1.09T
1.09T – 1.10T
+5.8% YoY
1.13T
1.07T – 1.20T
+3.2% YoY
1.18T
1.12T – 1.25T
+4.5% YoY
EBIT
562.63B
est: 453.28B (+24.1%)
580.78B
est: 423.47B (+37.1%)
551.02B
est: 416.90B (+32.2%)
551.85B
est: 430.65B (+28.1%)
494.68B
est: 424.85B (+16.4%)
443.42B
est: 409.52B (+8.3%)
500.13B
est: 448.22B (+11.6%)
629.80B
est: 506.57B (+24.3%)
653.26B
est: 598.39B (+9.2%)
274.42B
est: 620.25B (-55.8%)
770.42B
est: 685.16B (+12.4%)
738.94B
708.91B – 781.30B
+7.8% YoY
773.50B
724.24B – 826.29B
+4.7% YoY
818.57B
815.55B – 821.59B
+5.8% YoY
844.37B
800.12B – 897.48B
+3.2% YoY
882.14B
835.91B – 937.63B
+4.5% YoY
Net Income
485.69B
est: 460.61B (+5.4%)
421.70B
est: 411.78B (+2.4%)
392.41B
est: 399.69B (-1.8%)
385.68B
est: 374.93B (+2.9%)
348.19B
est: 345.32B (+0.8%)
310.25B
est: 306.63B (+1.2%)
338.49B
est: 333.31B (+1.6%)
442.72B
est: 432.43B (+2.4%)
482.29B
est: 500.45B (-3.6%)
179.24B
est: 487.35B (-63.2%)
510.18B
est: 537.60B (-5.1%)
600.99B
554.95B – 646.14B
+11.8% YoY
676.39B
595.82B – 710.40B
+12.5% YoY
734.77B
638.79B – 813.79B
+8.6% YoY
794.40B
740.28B – 859.36B
+8.1% YoY
856.46B
798.10B – 926.50B
+7.8% YoY
SGA
618.06B
est: 697.73B (-11.4%)
599.22B
est: 651.84B (-8.1%)
628.74B
est: 641.73B (-2.0%)
597.37B
est: 662.90B (-9.9%)
610.54B
est: 653.98B (-6.6%)
597.37B
est: 630.37B (-5.2%)
653.27B
est: 689.94B (-5.3%)
720.19B
est: 779.77B (-7.6%)
779.39B
est: 944.32B (-17.5%)
1.25T
est: 978.82B (+28.2%)
1.18T
est: 1.08T (+9.0%)
1.17T
1.12T – 1.23T
+7.8% YoY
1.22T
1.14T – 1.30T
+4.7% YoY
1.29T
1.29T – 1.30T
+5.8% YoY
1.33T
1.26T – 1.42T
+3.2% YoY
1.39T
1.32T – 1.48T
+4.5% YoY
EPS
270.54
est: 259.38 (+4.3%)
235.47
est: 231.89 (+1.5%)
219.10
est: 225.08 (-2.7%)
215.31
est: 211.14 (+2.0%)
195.97
est: 194.46 (+0.8%)
174.88
est: 172.67 (+1.3%)
190.76
est: 187.70 (+1.6%)
249.45
est: 243.52 (+2.4%)
271.69
est: 281.89 (-3.6%)
100.95
est: 272.61 (-63.0%)
287.36
est: 318.57 (-9.8%)
338.42
312.54 – 363.90
+6.2% YoY
377.43
335.56 – 400.09
+11.5% YoY
411.15
359.76 – 458.32
+8.9% YoY
447.40
416.92 – 483.99
+8.8% YoY
482.35
449.48 – 521.79
+7.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-07 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-05-01 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-30 A- 4/5 4/5 4/5 4/5 2/5 3/5 3/5
2026-04-28 B+ 3/5 4/5 4/5 4/5 2/5 3/5 2/5
2026-04-27 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-24 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-23 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-22 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-21 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-20 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-17 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-16 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5
2026-04-15 A- 4/5 4/5 4/5 5/5 2/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
522.36B
OE per share TTM
294.11
Owner's Yield
5.10%
Maintenance CapEx ratio
3.07%
Maint CapEx / Avg PPE
31.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
14.54M
Shares Outstanding
1.78B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Takehiko Tsutsui President, Chief Executive Officer, President of Tobacco Business & Representative Director 391M male
Koji Shimayoshi EVP CG, Compliance, CS, Sustainability, People, Culture, IT, Legal, OR, BA & Food Bus and Director 157M male
Kei Nakano EVP of Finance, Corporate Communications, Business Development & D-LAB and Representative Director 144M male
Hisashi Ishikawa Vice President & Head of Tobacco Business Planning Division male
Hisashi Shimobayashi Senior VP and Chief Technology & Information Security Officer
Hisato Imokawa Senior Vice President & Chief Sustainability Officer
Kenji Ogura Senior Vice President of Corporate Governance
Nobuya Kato Executive VP & Deputy CEO male
Osamu Hirose Senior VP & General Counsel, Legal and Compliance
Dinesh Babu Thotakura General Manager of Media & Investor Relations Division male
Yoshiyuki Mishima Senior Vice President of People & Culture
Hiromasa Furukawa Senior Vice President, Chief Financial Officer & Corporate Communications male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits