Japan Tobacco Ratios and Metrics

Market cap in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 2, 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
Market Capitalization	10,838,746	10,013,187	7,244,406	6,470,988	4,722,880	4,121,325
Market Cap Growth	58.02%	38.22%	11.95%	37.01%	14.60%	10.51%
Enterprise Value	11,714,756	11,032,227	7,545,871	6,664,772	4,950,458	4,562,782
Last Close Price	6105.00	5640.00	3890.98	3321.39	2290.71	1859.80
PE Ratio	21.76	19.63	40.42	13.42	10.67	12.18
Forward PE	17.78	16.74	13.63	12.96	9.14	10.55
PS Ratio	3.13	2.89	2.30	2.28	1.78	1.77
PB Ratio	2.63	2.43	1.88	1.65	1.31	1.43
P/TBV Ratio	14.11	13.04	19.80	6.43	5.57	9.34
P/FCF Ratio	29.23	27.00	14.42	13.71	11.74	8.04
P/OCF Ratio	21.08	19.48	11.50	11.41	9.76	6.88
PEG Ratio	0.47	0.47	2.44	1.83	0.94	1.46
EV/Sales Ratio	3.38	3.18	2.40	2.35	1.86	1.96
EV/EBITDA Ratio	11.19	10.67	15.67	8.08	5.92	6.77
EV/EBIT Ratio	13.76	13.17	25.01	10.33	7.78	9.37
EV/FCF Ratio	31.59	29.75	15.02	14.12	12.30	8.90
Debt / Equity Ratio	0.41	0.41	0.45	0.29	0.27	0.32
Debt / EBITDA Ratio	1.62	1.62	3.59	1.38	1.15	1.36
Debt / FCF Ratio	4.53	4.53	3.44	2.42	2.38	1.79
Net Debt / Equity Ratio	0.21	0.21	0.17	0.03	0.03	0.07
Net Debt / EBITDA Ratio	0.82	0.82	1.33	0.12	0.11	0.29
Net Debt / FCF Ratio	2.29	2.29	1.28	0.22	0.23	0.38
Asset Turnover	0.41	0.41	0.40	0.41	0.43	0.42
Inventory Turnover	1.51	1.51	1.57	1.61	1.74	1.74
Quick Ratio	0.76	0.76	0.77	0.83	0.87	0.80
Current Ratio	1.93	1.93	1.67	1.69	1.74	1.55
Return on Equity (ROE)	12.58%	12.58%	4.71%	12.89%	13.66%	12.40%
Return on Assets (ROA)	6.24%	6.24%	2.41%	5.83%	6.46%	5.46%
Return on Invested Capital (ROIC)	11.21%	12.01%	5.54%	13.04%	14.03%	11.40%
Return on Capital Employed (ROCE)	12.90%	12.90%	4.80%	12.00%	12.80%	11.40%
Earnings Yield	4.71%	5.10%	2.47%	7.45%	9.37%	8.21%
FCF Yield	3.42%	3.70%	6.93%	7.30%	8.52%	12.44%
Dividend Yield	4.03%	4.15%	4.99%	5.84%	8.21%	7.53%
Payout Ratio	69.95%	69.95%	195.07%	76.16%	60.12%	74.43%
Buyback Yield / Dilution	0.01%	0.01%	-0.01%	-0.01%	-0.01%	-0.01%
Total Shareholder Return	3.99%	4.16%	4.97%	5.83%	8.19%	7.51%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.