JAPAN TOBACCO INC.
2914・Prime Market・Foods
JAPAN TOBACCO INC.2914
JAPAN TOBACCO INC.2914
Reference Indicators
Market Cap
128,020¥100M
P/E (Forecast)
19.9x
P/B
2.8x
Dividend Yield (Forecast)
3.78%
ROE
12.5%
EV/EBITDA
11.3x
Financial Summary
Unit: ¥M
| Item | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 |
|---|---|---|---|---|---|
Net Sales | 2,324,838 | 2,657,832 | 2,841,077 | 3,149,759 | 3,467,675 |
Cost of Sales | 956,861 | 1,090,989 | 1,225,974 | 1,407,462 | 1,519,091 |
Gross Profit | 1,367,976 | 1,566,843 | 1,615,103 | 1,742,297 | 1,948,585 |
SG&A Expenses | 888,574 | 941,538 | 981,052 | 1,462,924 | 1,178,162 |
Operating Income | 499,021 | 653,575 | 672,410 | 323,461 | 867,038 |
Pre-tax Income | 472,390 | 593,450 | 621,601 | 233,766 | 739,786 |
Income Taxes | 132,208 | 149,277 | 136,292 | 51,171 | 238,711 |
Net Income | 338,490 | 442,716 | 482,288 | 179,240 | 510,175 |
EBITDA | 686,078 | 853,226 | 852,062 | 503,298 | 1,062,937 |
Gross Margin | 58.8% | 59.0% | 56.8% | 55.3% | 56.2% |
Operating Margin | 21.5% | 24.6% | 23.7% | 10.3% | 25.0% |
ROA | 5.9% | 6.8% | 6.6% | 2.1% | 6.1% |
ROE | 12.0% | 12.5% | 12.6% | 4.8% | 12.5% |
Segment Performance
Unit: ¥M
2026
| Segment | Net Sales | Operating Income | Operating Margin |
|---|---|---|---|
| たばこ | 3,305,407 | 952,161 | 28.8% |
| 加工食品 | 159,513 | 8,589 | 5.4% |
| その他 | 2,756 | -58,569 | -2125.1% |

