Also trades as: 2914.T (JPX) · $vol 204M · JAPAF (OTC) · $vol 0M

$23.67

-0.41 (-1.69%)

Weekly Expected Move ±2.7%

$23 $23 $24 $25 $25

OTC · Consumer Defensive · Tobacco · Tech Score Buy · Power 62 · $84.0B mcap · 1.10B float · 0.0066% daily turnover · Short 20% of daily vol

Credit Risk of going bust: lower than 89% of companies Debt: 12.5% of company value Bonds: none of note held by US funds details ▾

If the stock fell to about $0.17 (down 99.3%), Japan Tobacco Inc. would be worth roughly what it owes.
Total debt $11.95B against a stock market value of $84.05B.
Distance to default 13.13 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $5.68B (short-term plus half of long-term), stock volatility 22.5%; Altman Z'' 4.62. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Income Trends

Revenue

$3.64T +15.4% ▲

5Y CAGR: +11.7%

Gross Profit

$2.04T +17.3% ▲

5Y CAGR: +11.3%

Operating Income

$807.8B +149.7% ▲

5Y CAGR: +11.5%

Net Income

$534.9B +198.4% ▲

5Y CAGR: +11.5%

EPS (Diluted)

$150.58 +198.4% ▲

5Y CAGR: +11.5%

EBITDA

$1.01T +76.9% ▲

5Y CAGR: +8.9%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	$2.32T	$2.66T	$2.84T	$3.15T	$3.64T
YoY Growth	+11.1%	+14.3%	+6.9%	+10.9%	+15.4%
Cost of Revenue	$956.9B	$1.09T	$1.23T	$1.41T	$1.59T
Gross Profit	$1.37T	$1.57T	$1.62T	$1.74T	$2.04T
Gross Margin	58.8%	59.0%	56.8%	55.3%	56.2%
R&D Expenses	$65.0B	$70.8B	$0	$0	$0
SG&A Expenses	$714.6B	$756.5B	$981.1B	$1.46T	$1.24T
Operating Expenses	$888.6B	$941.5B	$942.7B	$1.42T	$1.24T
Operating Income	$499.0B	$653.6B	$672.4B	$323.5B	$807.8B
Operating Margin	21.5%	24.6%	23.7%	10.3%	22.2%
Interest Expense	$45.6B	$91.3B	$95.2B	$159.2B	$204.7B
Income Before Tax	$472.4B	$593.5B	$621.6B	$233.8B	$775.7B
Tax Expense	$132.2B	$149.3B	$136.3B	$51.2B	$250.3B
Net Income	$338.5B	$442.7B	$482.3B	$179.2B	$534.9B
Net Margin	14.6%	16.7%	17.0%	5.7%	14.7%
EPS (Diluted)	$95.34	$124.68	$135.82	$50.47	$150.58
EBITDA	$705.0B	$836.3B	$896.5B	$572.8B	$1.01T
Shares Outstanding	3.55B	3.55B	3.55B	3.55B	3.55B

Line Item	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2
Revenue	$823.4B	$756.5B	$827.0B	$907.6B	$915.2B	$848.7B	$940.9B	$1.06T
Cost of Revenue	$358.0B	$367.2B	$346.2B	$384.6B	$402.1B	$400.2B	$386.0B	$437.1B
Gross Profit	$465.4B	$389.3B	$480.8B	$523.0B	$513.0B	$448.5B	$555.0B	$625.0B
Gross Margin	56.5%	51.5%	58.1%	57.6%	56.1%	52.9%	59.0%	58.8%
R&D Expenses	$0	$78.6B	$0	$0	$0	$0	$0	$0
SG&A Expenses	$270.6B	$534.4B	$238.2B	$299.3B	$235.7B	$416.3B	$251.5B	$292.2B
Operating Expenses	$261.4B	$746.6B	$232.0B	$305.5B	$235.7B	$416.3B	$251.5B	$284.6B
Operating Income	$204.0B	-$357.3B	$248.8B	$217.5B	$277.3B	$32.2B	$303.5B	$340.4B
Operating Margin	24.8%	-47.2%	30.1%	24.0%	30.3%	3.8%	32.2%	32.0%
Interest Expense	$22.8B	$0	$22.7B	$19.4B	$35.0B	$83.1B	$34.9B	$0
Income Before Tax	$181.2B	-$346.5B	$226.1B	$211.8B	$274.0B	$33.2B	$292.9B	$318.3B
Tax Expense	$43.8B	$84.6B	$67.8B	$48.0B	$79.8B	$45.2B	$92.1B	$82.4B
Net Income	$137.2B	-$263.2B	$157.5B	$162.4B	$195.2B	-$1.6B	$200.7B	$234.8B
Net Margin	16.7%	-34.8%	19.0%	17.9%	21.3%	-0.2%	21.3%	22.1%
EPS (Diluted)	$38.64	$-74.11	$44.34	$45.75	$55.00	$-0.45	$55.93	$66.13
EBITDA	$241.7B	-$277.0B	$295.3B	$275.3B	$355.1B	$82.7B	$348.7B	$383.0B
Shares Outstanding	3.55B	3.55B	3.55B	3.55B	3.55B	3.52B	3.55B	3.55B

JAPAY OTC

Income Trends

Profit Margins

Year-over-Year Growth

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