Japan Tobacco Balance Sheet

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	694,622	831,135	1,084,567	1,040,206	866,885	721,731
Short-Term Investments	187,695	-	-	-	-	-
Cash & Short-Term Investments	882,317	831,135	1,084,567	1,040,206	866,885	721,731
Cash Growth	-2.73%	-23.37%	4.26%	19.99%	20.11%	29.42%
Accounts Receivable	706,827	640,681	568,982	535,302	477,239	456,587
Other Receivables	-	-	-	21,802	21,900	19,028
Receivables	706,827	640,681	568,982	557,104	499,139	475,615
Inventory	1,089,424	1,060,136	957,281	832,611	691,906	563,182
Prepaid Expenses	-	-	-	20,852	18,730	18,335
Other Current Assets	908,805	1,179,145	966,742	808,788	646,931	542,426
Total Current Assets	3,587,373	3,711,097	3,577,572	3,259,561	2,723,591	2,321,289
Property, Plant & Equipment	981,948	979,800	907,700	821,499	775,957	755,843
Long-Term Investments	230,424	251,059	301,152	288,236	264,596	208,541
Goodwill	2,954,536	2,923,096	2,914,254	2,616,440	2,446,063	2,060,965
Other Intangible Assets	393,430	395,658	486,463	206,982	246,442	307,152
Long-Term Deferred Tax Assets	165,462	158,528	183,591	89,379	91,430	120,419
Other Long-Term Assets	38,037	2	-	-	-1	-
Total Assets	8,351,210	8,419,240	8,370,732	7,282,097	6,548,078	5,774,209
Accounts Payable	671,320	711,721	659,510	592,802	540,089	555,777
Short-Term Debt	-	79,444	60,317	208,968	63,733	70,636
Current Portion of Long-Term Debt	224,176	184	118,351	24,365	73,575	72,265
Current Income Taxes Payable	63,875	36,546	24,621	29,647	37,470	30,794
Other Current Liabilities	947,292	1,099,180	1,285,808	1,071,494	847,768	770,854
Total Current Liabilities	1,906,663	1,927,075	2,148,607	1,927,276	1,562,635	1,500,326
Long-Term Debt	1,553,454	1,599,061	1,548,121	908,926	821,003	775,721
Long-Term Leases	209,564	-	-	-	-	-
Pension & Post-Retirement Benefits	246,972	253,225	277,236	279,443	244,116	296,176
Long-Term Deferred Tax Liabilities	143,238	129,606	124,455	40,586	40,061	69,959
Other Long-Term Liabilities	176,430	394,884	423,586	213,374	263,502	245,946
Total Liabilities	4,236,321	4,303,851	4,522,005	3,369,605	2,931,317	2,888,128
Common Stock	100,000	100,000	100,000	100,000	100,000	100,000
Additional Paid-In Capital	737,064	737,064	736,697	736,478	736,400	736,400
Retained Earnings	3,178,880	3,213,555	3,036,905	3,192,323	3,089,909	2,863,843
Treasury Stock	-490,584	-489,744	-488,579	-489,194	-490,183	-490,899
Comprehensive Income & Other	560,042	526,058	381,600	290,549	104,309	-400,086
Total Common Equity	4,085,402	4,086,933	3,766,623	3,830,156	3,540,435	2,809,258
Minority Interest	29,487	28,456	82,104	82,336	76,326	76,823
Shareholders' Equity	4,114,889	4,115,389	3,848,727	3,912,492	3,616,761	2,886,081
Total Liabilities & Equity	8,351,210	8,419,240	8,370,732	7,282,097	6,548,078	5,774,209
Total Debt	1,987,194	1,678,689	1,726,789	1,142,259	958,311	918,622
Net Cash (Debt)	-1,104,877	-847,554	-642,222	-102,053	-91,426	-196,891
Net Cash Per Share	-622.27	-477.33	-361.66	-57.48	-51.50	-110.91
Filing Date Shares Outstanding	1,775	1,775	1,776	1,775	1,775	1,775
Total Common Shares Outstanding	1,775	1,775	1,776	1,775	1,775	1,775
Working Capital	1,680,710	1,784,022	1,428,965	1,332,285	1,160,956	820,963
Book Value Per Share	2301.32	2301.99	2121.33	2157.46	1994.78	1583.10
Tangible Book Value	737,436	768,179	365,906	1,006,734	847,930	441,141
Tangible Book Value Per Share	415.40	432.68	206.08	567.08	477.75	248.60

Source: S&P Global Market Intelligence. Standard template. Financial Sources.