Japan Tobacco Inc. (TYO:2914)
Japan · Delayed Price · Currency is JPY 6,983.00
-3.00 (-0.04%)
Aug 26, 2026, 3:30 PM JST
Japan Tobacco Cash Flow Statement
Financials in millions JPY. Fiscal year is January - December.
Millions JPY. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Net Income | 907,964 | 739,786 | 233,766 | 621,601 | 593,450 | 472,390 |
Depreciation & Amortization | 188,838 | 195,899 | 179,837 | 179,652 | 199,651 | 187,057 |
Loss (Gain) From Sale of Assets | -3,058 | 21,322 | 9,996 | -3,100 | 22,648 | 18,794 |
Loss (Gain) From Sale of Investments | 24,849 | 27,128 | -1,722 | 104 | -849 | - |
Loss (Gain) on Equity Investments | -12,112 | -13,332 | -12,885 | -8,332 | -8,009 | -3,997 |
Other Operating Activities | -220,959 | -151,947 | -154,659 | -158,546 | -191,444 | -132,018 |
Change in Accounts Receivable | -73,279 | -33,364 | 45,770 | -30,169 | 26,574 | -29,891 |
Change in Inventory | -94,360 | -121,938 | -96,566 | -136,232 | -93,910 | 9,770 |
Change in Accounts Payable | 134,399 | 41,852 | -37,122 | 167,034 | -24,723 | 141,223 |
Change in Other Net Operating Assets | -169,386 | -186,388 | 463,596 | -64,998 | -39,589 | -64,419 |
Operating Cash Flow | 677,934 | 514,056 | 630,011 | 567,014 | 483,799 | 598,909 |
Operating Cash Flow Growth | 26.19% | -18.40% | 11.11% | 17.20% | -19.22% | 15.21% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Capital Expenditures | -143,449 | -143,204 | -127,769 | -94,861 | -81,411 | -86,350 |
Cash Acquisitions | -24,752 | -24,752 | - | - | - | - |
Divestitures | 2,272 | 2,272 | 414 | 1,369 | 3,026 | 2,562 |
Sale (Purchase) of Intangibles | -17,972 | -19,182 | -22,598 | -26,353 | -17,997 | -16,568 |
Investment in Securities | -69,463 | -74,851 | -32,458 | -28,647 | -17,954 | -3,878 |
Other Investing Activities | 61,921 | -5,269 | -257,355 | 22,363 | 12,514 | 6,735 |
Investing Cash Flow | -191,443 | -264,986 | -439,766 | -126,129 | -101,822 | -97,499 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Short-Term Debt Issued | - | 20,365 | - | 143,042 | - | 22,887 |
Long-Term Debt Issued | - | 676,920 | 678,996 | 62,685 | 70,697 | 58,629 |
Total Debt Issued | 109,083 | 697,285 | 678,996 | 205,727 | 70,697 | 81,516 |
Short-Term Debt Repaid | - | - | -150,105 | - | -27,610 | - |
Long-Term Debt Repaid | - | -786,791 | -245,260 | -83,103 | -72,849 | -160,353 |
Total Debt Repaid | -188,020 | -786,791 | -395,365 | -83,103 | -100,459 | -160,353 |
Net Debt Issued (Repaid) | -78,937 | -89,506 | 283,631 | 122,624 | -29,762 | -78,837 |
Repurchase of Common Stock | -901 | -1,622 | -2 | -1 | -1 | -1 |
Common Dividends Paid | -415,386 | -356,853 | -349,645 | -367,331 | -266,175 | -251,935 |
Other Financing Activities | -27,610 | -27,490 | -28,890 | -25,792 | -10,238 | -22,365 |
Financing Cash Flow | -522,834 | -475,471 | -94,906 | -270,500 | -306,176 | -353,138 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Foreign Exchange Rate Adjustments | -21,771 | -27,015 | -50,978 | 2,935 | 69,353 | 34,616 |
Miscellaneous Cash Flow Adjustments | 20,837 | -16 | - | - | - | -1 |
Net Cash Flow | -37,277 | -253,432 | 44,361 | 173,320 | 145,154 | 182,887 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Free Cash Flow | 534,485 | 370,852 | 502,242 | 472,153 | 402,388 | 512,559 |
Free Cash Flow Growth | 29.45% | -26.16% | 6.37% | 17.34% | -21.49% | 17.96% |
Free Cash Flow Margin | 14.37% | 10.70% | 15.95% | 16.62% | 15.14% | 22.05% |
Free Cash Flow Per Share | 301.03 | 208.86 | 282.83 | 265.92 | 226.65 | 288.74 |
Levered Free Cash Flow | 258,373 | 167.75 | 193,840 | 349,801 | 292,023 | 413,031 |
Unlevered Free Cash Flow | 304,970 | 47,775 | 220,393 | 367,609 | 308,911 | 427,437 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 Interest Paid | 69,144 | 64,041 | 33,980 | 26,324 | 23,728 | 19,113 |
Cash Income Tax Paid | 237,911 | 207,993 | 160,953 | 159,088 | 193,731 | 141,829 |
Change in Working Capital | -202,626 | -299,838 | 375,678 | -64,365 | -131,648 | 56,683 |