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29

Japan Tobacco Inc.

2914.TConsumer DefensiveTSE

Tobacco

PriceMA150MA200
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Financials · Annual
Revenue
$3.47T
+13.4% YoY
Net Income
$510.18B
+184.6% YoY
EBITDA
$1.13T
+100.8% YoY
Free Cash Flow
$128.98B

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About Japan Tobacco Inc.

Japan Tobacco Inc., a tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally. The company carries a $10.83T market cap, placing it firmly in the mega-cap category. It operates through two segments: Tobacco Business and Processed Food Business.

Key stats
Market Cap$10.83T
P/E (TTM)21.73
Fwd P/E20.27
EPS$280.85
Beta0.14
52W Change+40.7%
Dividend Yield3.95%
ROE13.6%
Analysis

The company holds $882.32B in cash, though total debt stands at $1.99T. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Free cash flow comes in at $128.98B, providing flexibility for reinvestment, buybacks, or dividends. Consistent free cash flow generation is often considered a sign of operational health. ROE of 13.6% points to decent capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. An ROA of 7.0% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $2.66T (2022) to $3.47T (2025), reflecting a 30% increase over the period.

With a beta below 0.7, Japan Tobacco Inc. typically sees smaller price swings than the overall market, offering a degree of stability during turbulent periods. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing 2914.T.

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