JTJAPAN TOBACCO INC.2914東証プライム食料品FY ending Dec 2025, consolidated, IFRS

JT FY ending Dec 2025 results

About 95% of JT's sales come from Tobacco, with Processed Food and Other making up much of the rest.

Out of every ¥100 of sales, about ¥25 is left as operating profit.

Revenue changed +13.4% from the prior year, operating profit +175.9%.

Revenue and profit pattern

Revenue and profit upProfit grew faster

Revenue +13.4% · profit +175.9%, calculated from disclosed figures.

Operating leverage: 13.09× (profit growth ÷ revenue growth)

FY ending Dec 2024 → FY ending Dec 2025

Revenue for the FY ending Dec 2025 was ¥3.47T, up +13.4% from ¥3.06T.
Operating income climbed +175.9% from ¥314.2B to ¥867B, and net income attributable to owners rose +184.6% to ¥510.2B.
Cash generation went the other way: operating cash flow fell -18.4% to ¥514.1B, and free cash flow dropped -26.7% to ¥351.7B.

The prior year carried a large provision for a lawsuit settlement in Canada; without that charge, operating income bounced back.
Tobacco revenue grew thanks to higher prices and a richer product mix in every region, plus the acquisition of Vector Group Ltd. in the US.
Ploom heated tobacco sales grew, led by Japan, while Winston and Camel drove cigarette volumes.
Operating cash flow shrank mainly because JT paid the upfront part of the Canadian settlement, along with income taxes.

Falling demand, tax hikes, tighter rules or political shifts in key markets such as Japan, Russia and the UK could hurt results.
Currency moves, including weaker emerging-market currencies, have been dragging on profit, and the company expects another negative currency impact next year.
Past acquisitions left a large amount of goodwill on the books, which could lead to impairment losses if those businesses underperform.

Annual Securities Report (FY2025) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (FY2025) / 事業等のリスク

FY ending Dec 2024 → FY ending Dec 2025

For every ¥100 JT sells, how much goes where, and how much is kept.

FY ending Dec 2025

Gross margin56.2%

Operating margin25.0%

Net margin14.7%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Revenue by business segment, and the profit each one keeps.

FY ending Dec 2025

※ Segment figures include inter-segment sales and do not sum to the company total

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第41期(2025/01/01－2025/12/31)
ID S100XSSA2026-03-23Open
EDINET (FSA Japan)
有価証券報告書－第40期(2024/01/01－2024/12/31)
ID S100VH9B2025-03-26Open
EDINET (FSA Japan)
有価証券報告書－第39期(2023/01/01－2023/12/31)
ID S100T3QS2024-03-22Open
EDINET (FSA Japan)
有価証券報告書－第38期(2022/01/01－2022/12/31)
ID S100QG4E2023-03-24Open
EDINET (FSA Japan)
有価証券報告書－第37期(令和3年1月1日－令和3年12月31日)
ID S100NPS52022-03-23Open
EDINET (FSA Japan)
有価証券報告書－第36期(令和2年1月1日－令和2年12月31日)
ID S100L0QQ2021-03-24Open

Extracted from XBRL: 46 / Derived from other figures: 1

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